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) EV/FCF

Alert me on EV/FCF

As of 5 November 2026, Q2 Holdings, Inc. (QTWO) trades at a EV/FCF of 25.1×. Over the past ten years it has ranged from −34,234× (June 2018) to 1,583× (July 2021); the current reading is higher than 66% of that period.

EV/FCF, daily

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Annual newest first

Period EV/FCF Change
FY2025 26.9× (53.00%)
FY2024 57.2× (14.56%)
FY2023 67.0× (76.74%)
FY2022 288× (67.60%)
FY2021 889× —
FY2020 −237× —
FY2019 −294× —
FY2018 −238× —
FY2017 −356× —
FY2016 −74.0× —

Quarterly newest first

Period EV/FCF Change
Sep 2026 19.0× 2.48%
Jun 2026 18.6× 4.94%
Mar 2026 17.7× (34.27%)
Dec 2025 26.9× (13.09%)
43 more quarters

Against its own ten years

Low −34,234× High 1,583×
Ten-year median −78.9×
Current reading's percentile 17

EV/FCF against peers

What EV/FCF is

EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))

The full definition of EV/FCF →

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