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. In the quarter to June 2026, revenue grew 12.6%, EPS grew 152.6%, free cash flow grew 22.3% and total debt fell 38.4%, each against the same quarter a year earlier. Revenue growth for ten consecutive years, operating cash flow growth for five.
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Q2 Holdings, Inc. (QTWO) EV/Sales
As of 16 October 2026, Q2 Holdings, Inc. (QTWO) trades at a EV/Sales of 5.2×. Over the past ten years it has ranged from 2.5× (March 2023) to 19.0× (February 2021); the current reading is higher than 21% of that period. That is above the Software Application industry median of 2.6× and above the Technology sector median of 2.7×.
EV/Sales, daily
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Annual newest first
| Period | EV/Sales | Change |
|---|---|---|
| FY2025 | 5.9× | (33.03%) |
| FY2024 | 8.7× | 107.19% |
| FY2023 | 4.2× | 33.41% |
| FY2022 | 3.2× | (65.76%) |
| FY2021 | 9.2× | (43.63%) |
| FY2020 | 16.4× | 27.93% |
| FY2019 | 12.8× | 45.48% |
| FY2018 | 8.8× | 16.06% |
| FY2017 | 7.6× | 10.34% |
| FY2016 | 6.9× | (13.93%) |
Quarterly newest first
| Period | EV/Sales | Change |
|---|---|---|
| Jun 2026 | 4.1× | 7.17% |
| Mar 2026 | 3.9× | (34.06%) |
| Dec 2025 | 5.9× | (5.01%) |
| Sep 2025 | 6.2× | (24.85%) |
| 42 more quarters | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| SRAD Sportradar Group AG compare | 1.4× |
| MNDY monday.com Ltd. compare | 2.1× |
| BILL BILL Holdings, Inc. compare | 2.7× |
| FRSH Freshworks Inc. compare | 3.4× |
| BRZE Braze, Inc. compare | 3.4× |
| WK Workiva Inc. compare | 4.3× |
| QTWO Q2 Holdings, Inc. | 5.2× |
| FSLY Fastly, Inc. compare | 5.2× |
| LIF Life360, Inc. compare | 5.5× |
| Software Application industry median | 2.6× |
| Technology sector median | 2.7× |
| Market median | 2.1× |
What EV/Sales is
EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.
((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)) ÷ Revenue (TTM)