Quarterly ResultApr 29, 2026, 04:45 PM
QTWO Q1 Revenue $216.5M (+14%); Net Income $26.6M; Record Bookings
AI Summary
Q2 Holdings, Inc. reported strong first-quarter 2026 financial results, with revenue increasing 14% year-over-year to $216.5 million and GAAP net income rising significantly to $26.6 million. The company achieved record bookings for a first quarter, driven by nine new Enterprise and Tier 1 contracts, including its largest fraud deal ever. Q2 also advanced its AI strategy and repurchased $97.2 million in shares, while providing positive guidance for Q2 and full-year 2026.
Key Highlights
- Q1 2026 Revenue: $216.5 million, up 14% year-over-year.
- Q1 2026 GAAP Net Income: $26.6 million, up from $4.8 million YoY.
- Q1 2026 Adjusted EBITDA: $60.0 million, up from $40.7 million YoY.
- Achieved record Q1 bookings, including nine Enterprise and Tier 1 contracts.
- Subscription ARR increased 14% YoY to $802.3 million.
- Total committed Backlog: $2.7 billion, up 19% year-over-year.
- Repurchased 1.8 million shares for $97.2 million in Q1.
- Full-year 2026 revenue guidance: $875.0M to $882.0M.