Q2 Holdings Files 2024 10-K

TL;DR

Q2 Holdings filed its 2024 10-K, detailing financials for the year ending Dec 31, 2024.

AI Summary

Q2 Holdings, Inc. filed its 2024 10-K on February 12, 2025, reporting on its fiscal year ending December 31, 2024. The company, previously known as CBG Holdings, Inc., is a software services provider based in Austin, Texas. The filing details its financial performance and business operations for the year.

Why It Matters

This filing provides investors and stakeholders with a comprehensive overview of Q2 Holdings' financial health and strategic direction for the fiscal year 2024.

Risk Assessment

Risk Level: medium — The filing is a standard annual report and does not inherently indicate new risks.

Key Numbers

• 2024 — Fiscal Year (Reporting period for the 10-K)
• 1231 — Fiscal Year End (Date the fiscal year concluded)
• 001-36350 — SEC File Number (Identifier for the company's SEC filings)

Key Players & Entities

• Q2 Holdings, Inc. (company) — Filer of the 10-K
• CBG Holdings, Inc. (company) — Former name of Q2 Holdings, Inc.
• 2024-12-31 (date) — Fiscal year end
• 2025-02-12 (date) — Filing date
• Austin, TX (location) — Company headquarters

FAQ

Key Financial Figures

• $0.0001 — ange on which registered Common Stock, $0.0001 par value QTWO New York Stock Exchange
• $3.3 — over 4 billion times and executed over $3.3 trillion in financial transactions. Whi
• $20.0 billion — t for our solutions to be approximately $20.0 billion. Our solutions utilize a software-as-a

Filing Documents

• qtwo-20241231.htm (10-K) — 2331KB
• a241231exhibit43.htm (EX-4.3) — 9KB
• a241231exhibit105.htm (EX-10.5) — 98KB
• a241231exhibit106.htm (EX-10.6) — 100KB
• a241231exhibit1011.htm (EX-10.11) — 99KB
• a241231exhibit10192.htm (EX-10.19 2) — 440KB
• a241231exhibit191.htm (EX-19.1) — 115KB
• a241231ex211listofsubsidia.htm (EX-21.1) — 8KB
• a241231exhibit231eyconsent.htm (EX-23.1) — 12KB
• a241231exhibit311.htm (EX-31.1) — 9KB
• a241231exhibit312.htm (EX-31.2) — 9KB
• a241231exhibit321.htm (EX-32.1) — 5KB
• a241231exhibit322.htm (EX-32.2) — 5KB
• qtwo-20241231_g1.jpg (GRAPHIC) — 127KB
• 0001410384-25-000010.txt ( ) — 12670KB
• qtwo-20241231.xsd (EX-101.SCH) — 70KB
• qtwo-20241231_cal.xml (EX-101.CAL) — 111KB
• qtwo-20241231_def.xml (EX-101.DEF) — 336KB
• qtwo-20241231_lab.xml (EX-101.LAB) — 910KB
• qtwo-20241231_pre.xml (EX-101.PRE) — 648KB
• qtwo-20241231_htm.xml (XML) — 1665KB

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations. 59 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk. 79 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data. 79 Item 9. Change in and Disagreements With Accountants on Accounting and Financial Disclosure. 79 Item 9A.

Controls and Procedures

Controls and Procedures. 80 Item 9B. Other Information. 80 Item 9C Disclosure Regarding Foreign Jurisdictions that Prevent Inspections. 81 PART III Item 10. Directors, Executive Officers and Corporate Governance. 82 Item 11.

Executive Compensation

Executive Compensation. 82 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters. 82 Item 13. Certain Relationships and Related Transactions, and Director Independence. 82 Item 14. Principal Accounting Fees and Services. 82 PART IV Item 15. Exhibits, Financial Statement Schedules. 83 Item 16. Form 10-K Summary 87 2 Table of Contents PART I Special Note Regarding Forward-Looking Statements This Annual Report on Form 10-K contains forward-looking statements that are based on our management's beliefs and assumptions and on information currently available to our management. The statements and information contained in this Annual Report on Form 10-K that are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. You can identify these statements by words such as "anticipates," "believes," "can," "continue," "could," "estimates," "expects," "intends," "may," "plans," "seeks," "potential," "predicts," "projects," "should," "will," "strategy," "future," "likely," or "would" or the negative of these terms or similar expressions. These statements are not guarantees of future performance or development and involve known and unknown risks, uncertainties and other factors that are in some cases beyond our control. All of our forward-looking statements are subject to risks and uncertainties that may cause our actual results to differ materially from our expectations. Factors that could cause or contribute to such differences include, but are not limited to, the following: the risks associated with cyberattacks, financial transaction fraud, data and privacy breaches and breaches of security measures within our products, systems and infrastructure or the products, systems and infrastructure of third par

Business

Item 1. Business. Overview Q2 is a leading provider of digital solutions to financial institutions, financial technology companies, or FinTechs, and alternative finance companies, or Alt-FIs, seeking to incorporate banking into their customer engagement and servicing strategies. Our solutions transform the ways in which financial institutions and other financial services providers engage with account holders and end users, or End Users. Our solutions comprise a broad and deep portfolio of digital banking solutions, digital lending and relationship pricing solutions, Q2 Innovation Studio, and Helix. Q2 Innovation Studio leverages Q2's open technology platform to enable a partnership ecosystem, allowing the design, development, and distribution of innovative products, services, features, and integrations on Q2's digital banking platform. Helix serves as a cloud-native core and banking as a service, or BaaS, solution. We purpose-build our platforms and solutions to enable success for our customers and partners by allowing them to digitize their operations and offerings, differentiate their digital brands, integrate traditional and emerging financial services, and ultimately, enhance their End-User acquisition, engagement and retention and improve their operational efficiencies and profitability. 4 Table of Contents Founded over 20 years ago, Q2 began by providing digital banking solutions to domestic regional and community financial institutions, or RCFIs. We have rapidly grown since then through a combination of innovation, broad market acceptance of our solutions, strategic investments and acquisitions. Our expanded collection of solutions now spans digital banking, digital lending and relationship pricing, regulatory and compliance, risk and fraud, account switching, data-driven sales enablement, spending insights and portfolio management, and also includes our open platform solutions as well as our core and BaaS offerings. We serve account holders and borrow

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View this 10-K filing on SEC EDGAR