Q2 Holdings, Inc. QTWO Income Statement

Q2 holdings, inc. (QTWO)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13
Revenues
336,568	315,484	295,821	276,660	257,588	241,100	225,626	215,201	204,252	193,978	184,430	172,619	160,999	150,224	138,477	128,190	118,469	108,867	100,607	93,578	86,452	79,129	72,650	65,986	60,872	56,872	0	0	0
Cost of revenues
178,408	162,485	153,118	142,811	132,062	121,855	112,992	108,665	103,690	99,485	94,059	87,845	82,387	77,429	72,866	68,402	63,670	59,128	55,414	52,422	49,114	46,054	44,064	41,088	38,666	36,261	0	0	0
Gross profit
158,160	152,999	142,703	133,849	125,526	119,245	112,634	106,536	100,562	94,493	90,371	84,774	78,612	72,795	65,611	59,788	54,799	49,739	45,193	41,156	37,338	33,075	28,586	24,898	22,206	20,611	0	0	0
Operating expenses:
Sales and marketing
68,026	63,947	60,954	56,721	52,963	48,124	44,833	43,270	42,258	41,170	40,364	39,440	37,955	36,284	33,956	31,636	29,012	26,999	25,727	24,709	23,754	23,069	22,112	21,069	19,175	16,726	0	0	0
Research and development
83,574	76,273	71,909	65,196	57,834	51,334	46,490	43,678	41,844	40,338	38,173	36,300	34,208	32,460	30,559	28,319	25,286	21,534	18,335	15,511	13,501	12,086	11,430	10,534	9,899	9,029	0	0	0
General and administrative
61,989	56,739	54,016	51,835	48,554	44,990	42,194	40,553	39,023	37,179	35,793	34,821	32,990	31,959	30,029	27,366	25,273	22,977	21,071	19,684	18,398	16,991	15,774	14,407	13,125	11,742	0	0	0
Acquisition related costs
11,342	16,027	9,273	8,326	6,607	4,145	2,588	1,047	1,140	1,232	2,483	4,048	5,173	6,307	6,280	5,451	3,975	2,493	1,006	0	0	-	0	-	-	-	-	-	-
Amortization of acquired intangibles
9,615	6,339	3,889	3,228	2,691	1,844	1,355	1,473	1,478	1,481	1,479	1,478	1,473	1,470	1,453	1,312	944	576	227	0	0	-	0	-	-	-	-	-	-
Unoccupied lease charges
-	420	244	0	-	658	658	658	0	0	0	0	33	33	33	33	0	-	0	0	-	-	-	-	-	-	0	0	-
Total operating expenses
234,966	219,745	200,285	185,306	169,307	151,095	138,118	130,679	125,743	121,400	118,292	116,087	111,832	108,513	102,310	94,117	84,490	74,579	66,366	59,904	55,653	52,146	49,316	46,098	42,435	37,733	0	0	0
Loss from operations
-76,806	-66,746	-57,582	-51,457	-43,781	-31,850	-25,484	-24,143	-25,181	-26,907	-27,921	-31,313	-33,220	-35,718	-36,699	-34,329	-29,691	-24,840	-21,173	-18,748	-18,315	-19,071	-20,730	-21,200	-20,229	-17,122	0	0	0
Other income (expense):
Interest and other income
3,321	3,672	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	280	240	181	109	65	30	5	3	6	0	0	0
Interest and other expense
24,197	20,290	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	283	327	363	422	557	600	663	658	505	0	0	0
Total other income (expense), net
-20,876	-16,618	-12,975	-9,646	-8,534	-7,350	-4,868	-2,842	-628	429	218	5	-189	-209	-135	-58	39	-3	-87	-182	-313	-492	-570	-658	-655	-499	0	0	0
Loss before income taxes
-97,682	-83,364	-70,557	-61,103	-52,315	-39,200	-30,352	-26,985	-25,809	-26,478	-27,703	-31,308	-33,409	-35,927	-36,834	-34,387	-29,652	-24,843	-21,260	-18,930	-18,628	-19,563	-21,300	-21,858	-20,884	-17,621	0	0	0
Benefit from (provision for) income taxes
-12,008	-12,487	-3,483	-3,739	-3,655	-3,803	-1,297	-1,007	-637	-314	453	547	333	427	427	409	418	220	143	82	85	71	73	69	68	55	0	0	0
Loss from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-17,676	0	0	0
Loss from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-199	0	0	0
Net loss
-85,674	-70,877	-67,074	-57,364	-48,660	-35,397	-29,055	-25,978	-25,172	-26,164	-28,156	-31,855	-33,742	-36,354	-37,261	-34,796	-30,070	-25,063	-21,403	-19,012	-18,713	-19,634	-21,373	-21,927	-20,952	-17,875	0	0	0
Other comprehensive loss:
Unrealized gain (loss) on available-for-sale investments
-12	223	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-87	-5	-50	-5	-14	-20	0	0	-	0	-	-
Foreign currency translation adjustment
-239	-172	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive loss
-85,925	-70,826	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-25,150	-21,408	-19,062	-18,718	-19,648	-20,073	0	0	-	0	-	-
Loss from continuing operations per share, basic and diluted (dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.55	-0.43	-0.31	-0.20
Loss from discontinued operations per share, basic and diluted (dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	-0.02
Net loss per common share, basic and diluted (usd per share)
-0.70	-0.32	-0.39	-0.39	-0.44	-0.27	-0.21	-0.20	-0.14	-0.13	-0.14	-0.19	-0.17	-	-	-	-	-0.22	-0.19	-0.13	-0.13	0.00	-0.14	-0.14	-0.39	-0.55	-0.43	-0.31	-0.22
Weighted average common shares outstanding:
Basic and diluted (in shares)
48,581	48,235	47,793	44,991	43,773	-	-	-	-	-	-	-	-	-	-	-	-	38,797	37,438	37,232	35,633	34,682	34,171	34,068	14,107	12,089	12,045	11,901	11,429