Company name:

Q2 Holdings Inc

  • IPO SHARE PRICE:
    $13.00
  • IPO DATE:
    20 March 2014
  • TICKER:
    QTWO
  • MAIN STOCK EXCHANGE:
    New York Stock Exchange
  • CURRENT HQ LOCATION:
    1 3 7 8 5 R e s e a r c h B l v d S u i t e 1 5 0 A u s t i n T e x a s 7 8 7 5 0 5 1 2 2 7 5 - 0 0 7 2
  • FISCAL YEAR END:
    December 31
  • INCORPORATION JURISDICTION:
    DE
  • ORGANIZED AS THE FOLLOWING LEGAL TYPE:
    Corporation
  • Investor Relations Webpage:
    Coming soon!
  • TAX RATE:
    USA federal corporate nominal income tax rate is 21%

Short Description

Q2 Holdings Inc

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Balance Sheet

Quarterly Annual
(USD in thousand)
28.8% 9.3%
Selected Year:
31-Dec
2020
Current Assets
Most valuable part of Current Assets is Cash and Marketable Securities which should be watched carefully; at the same time high and growing level of Accounts Receivables is very dangerous sign
43.5%
28.8% —

Cash and cash equivalents

9.3% —

Short-term passive investments

2.6% —

Accounts Receivable

1.3% —

Deferred solution and other costs current portion

0.6% —

Prepaid expenses and other current assets

0.6% —

Deferred implementation costs current portion

0.2% —

Restricted cash and cash equivalents

0.1% —

Contract assets current portion

Liquidity
Selected Year:
The most liquid asset, however, most companies don't keep much of it and invest excess cash into marketable securities such as Government bonds - in the US - Treasuries
Cash and cash equivalents
$45,679
$45,679
$45,679
$45,679
 $57,961 $108,341 $100,094 $407,703
Short-term passive investments
$45,679
$45,679
$45,679
$45,679
 41,685 68,979 32,325 131,352
Restricted cash and cash equivalents
$45,679
$45,679
$45,679
$45,679
 2,315 1,815 3,468 3,482
Accounts Receivable
$45,679
$45,679
$45,679
$45,679
 13,203 19,668 22,442 36,430
Prepaid expenses and other current assets
$45,679
$45,679
$45,679
$45,679
 3,115 3,983 6,354 8,861
Deferred implementation costs current portion
$45,679
$45,679
$45,679
$45,679
 3,562 4,427 5,171 8,258
Deferred solution and other costs current portion
$45,679
$45,679
$45,679
$45,679
 9,246 10,501 15,609 19,042
Contract assets current portion
-
-
-
-
 - 598 872 1,088
Total current assets
$45,679
$45,679
$45,679
$45,679
 $131,087 $218,312 $186,335 $616,216
3.5% 13.0% 32.6%
Selected Year:
31-Dec
2020
Non-Current Assets
Non-current assets characterize company's business: high Property, Plant, and Equipment means that company is in capital-intensive industry which typically is very cyclical (earnings fluctuate a lot); watch out for high level of Goodwill and other non-intangibles which is bad sign as they typically worth very low relative to their value shown on the balance sheet
56.5%
32.6% —

Goodwill

13.0% —

Intangible assets

3.5% —

Property and equipment net

2.4% —

Right-of-use assets

2.3% —

Deferred solution and other costs

1.3% —

Contract assets

1.1% —

Deferred implementation costs

0.2% —

Other long-term assets
Selected Year:
Property and equipment net
45,679
45,679
45,679
45,679
 34,544 34,994 39,252 49,558
Right-of-use assets
-
-
-
-
 - - 35,388 34,709
Contract assets
-
-
-
-
 - 10,272 15,189 18,694
Deferred implementation costs
45,679
45,679
45,679
45,679
 8,295 9,948 15,848 15,184
Deferred solution and other costs
45,679
45,679
45,679
45,679
 12,973 16,761 29,220 32,782
Intangible assets
-
45,679
45,679
45,679
 12,034 63,296 223,861 184,859
Goodwill
-
45,679
45,679
45,679
 12,876 107,907 462,023 462,274
Other long-term assets
45,679
45,679
45,679
45,679
 1,006 2,230 2,318 2,426
Total non-current assets
45,679
45,679
45,679
45,679
 81,728 245,408 823,099 800,486
Total assets
45,679
45,679
45,679
45,679
 $212,815 $463,720 $1,009,434 $1,416,702
5.8% 39.3% 72.3%
Selected Year:
31-Dec
2020
Current Liabilities
Current Liabilities represent company's short-term dues to others. The most important part to watch for is short-term debt and accounts payables
10.3%
5.8% —

Current portion of deferred revenue

1.9% —

Accrued employee compensation

1.6% —

Accrued liabilities

0.6% —

Accounts payable

0.5% —

Current portion of Leases
Selected Year:
Accounts payable
$45,679
$45,679
$45,679
$45,679
 $7,621 $9,169 $10,967 $7,887
Accrued employee compensation
$45,679
$45,679
$45,679
$45,679
 11,511 12,652 38,668 26,716
Accrued liabilities
$45,679
$45,679
$45,679
$45,679
 10,562 9,329 16,341 22,444
Current portion of deferred revenue
$45,679
$45,679
$45,679
$45,679
 38,379 42,531 57,850 81,935
Current portion of Capital leases
$45,679
$45,679
$45,679
-
 - - - -
Current portion of Leases
-
-
-
-
 - - 9,140 6,844
Total current liabilities
$45,679
$45,679
$45,679
$45,679
 $68,073 $73,681 $132,966 $145,826
Selected Year:
31-Dec
2020
Non-Current Liabilities
The most critical items are revolving credit facility, term loans, and then notes - any forms of debt; in addition, pay attention to items like pension liabilites and leases- hidden debt
44.3%
39.3% —

Convertible notes

2.6% —

Leases

2.1% —

Deferred revenue

0.3% —

Other non-current liabilities
Selected Year:
Deferred revenue
$45,679
$45,679
$45,679
$45,679
 28,289 23,063 32,954 29,203
Deferred rent
$45,679
$45,679
$45,679
$45,679
 9,393 8,151 - -
Convertible notes
-
-
-
-
 - 182,723 424,784 557,468
Long-term debt
$45,679
-
-
-
 - - - -
Capital leases
$45,679
$45,679
-
-
 - - - -
Leases
-
-
-
-
 - - 36,079 36,739
Other non-current liabilities
$45,679
$45,679
$45,679
$45,679
 438 17,202 3,239 4,102
Total long-term liabilities
$45,679
$45,679
$45,679
$45,679
 $38,120 $231,139 $497,056 $627,512
Total Liabilities
$45,679
$45,679
$45,679
$45,679
 $106,193 $304,820 $630,022 $773,338
Selected Year:
31-Dec
2020
Equity
It's residue that is owned by shareholders after satisfying all of the liabilities with all of the assets; the larger the amount, the better the business is
45.4%
72.3% —

Additional paid-in capital

0.0% —

Common stock
Selected Year:
Junior convertible preferred stock
$45,679
-
-
-
 - - - -
Preferred stock Series A
$45,679
-
-
-
 - - - -
Preferred stock Series B
$45,679
-
-
-
 - - - -
Preferred stock Series C
$45,679
-
-
-
 - - - -
Preferred Stock
$45,679
$45,679
$45,679
$45,679
 - - - -
Common stock
$45,679
$45,679
$45,679
$45,679
 4 4 5 6
Treasury Stock at cost
$45,679
$45,679
$45,679
$45,679
 (855) - - -
Accumulated deficit
$45,679
$45,679
$45,679
$45,679
 (152,114) (172,422) (243,299) (381,187)
Additional paid-in capital
$45,679
$45,679
$45,679
$45,679
 259,726 331,355 622,692 1,024,577
Accumulated other comprehensive (loss) income
-
-
-
-
 - (37) 14 (32)
Accumulated other comprehensive loss
$45,679
$45,679
$45,679
$45,679
 (139) - - -
Total Equity
$45,679
$45,679
$45,679
$45,679
 $106,622 $158,900 $379,412 $643,364
Total Liabilities and Equity
$45,679
$45,679
$45,679
$45,679
 $212,815 $463,720 $1,009,434 $1,416,702