Q2 Holdings, Inc.

QTWO Technology Software Application

Q2 Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $794.8 million, up 14.1% from fiscal 2024.

Revenue
+11.9%
EPS
+122.7%
Free cash flow
+47.6%
Total debt
−38.4%

Quarter to September 2026, against a year earlier

75.56 1.09 +1.46%
Market cap
$4.7B
P/E
42.6×
Fwd P/E
37.0×
Dividend yield
—
F-score
7/9
Altman Z
4.45
Beneish M
−2.77
Dividend safety
n/a

Q2 Holdings, Inc. (QTWO) Debt to equity

Alert me on Debt to equity

Q2 Holdings, Inc.'s debt to equity at the end of the quarter to 30 September 2026 was 0.0×, down 0.5× from fiscal 2025 (0.5×). Over the past ten years it has ranged from 0.0× (fiscal 2017) to 1.6× (fiscal 2022); the current reading is higher than 36% of that period. That is below the Software Application industry median of 0.0× and below the Technology sector median of 0.1×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.5× (51.80%)
FY2024 1.0× (13.04%)
FY2023 1.1× (31.47%)
FY2022 1.6× 62.34%
FY2021 1.0× 12.04%
FY2020 0.9× (23.26%)
FY2019 1.1× (0.57%)
FY2018 1.1× —
FY2017 0.0× —
FY2016 0.0× —

Quarterly newest first

Period Debt to equity Change
Sep 2026 0.0× —
Jun 2026 0.0× —
Mar 2026 0.5× 8.31%
Dec 2025 0.5× (42.19%)
43 more quarters

Against its own ten years

Low 0.0× High 1.6×
Ten-year median 1.0×
Current reading's percentile 36

Debt to equity against peers

Company Debt to equity
WK Workiva Inc. compare −15.5×
MNDY monday.com Ltd. compare 0.0×
QTWO Q2 Holdings, Inc. 0.0×
BRZE Braze, Inc. compare 0.0×
SRAD Sportradar Group AG compare 0.1×
DAVE Dave Inc. compare 0.3×
LIF Life360, Inc. compare 0.5×
BILL BILL Holdings, Inc. compare 0.5×
CCC CCC Intelligent Solutions Holdings Inc. compare 0.7×
Software Application industry median 0.0×
Technology sector median 0.1×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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