Recent Updates — QTWO

The Board of Directors appointed Jonathan A. Price to the role of Co-Chief Executive Officer, effective October 29, 2026, to serve alongside President and Chairman Matthew P. Flake. The Board also increased its size from seven to eight members and elected Mr. Price as a director. Mr. Price will continue serving as Chief Financial Officer during the search for his successor. In connection with the promotion, he received an amended employment agreement with a $520,000 annual base salary and a $3 million grant of restricted stock units vesting over four years. Q2 Holdings is a leading provider of digital transformation solutions for financial services.

Q2 Holdings reported third-quarter GAAP net income of $33.2 million on revenues of $225.8 million, up 12 percent year-over-year. Adjusted EBITDA reached a record $67.8 million with a 30 percent margin. The company raised its full-year revenue guidance to $888.0–$892.0 million and adjusted EBITDA guidance to $253.0–$256.0 million. Concurrently, the Board appointed CFO Jonathan Price as Co-Chief Executive Officer effective October 29, 2026; he will continue serving as CFO during a search for his successor. Q2 operates in the financial technology sector, providing digital transformation solutions and banking platforms to credit unions, banks, and fintechs.

On July 29, 2026, Q2 Holdings reported second-quarter revenue of $219.8 million and GAAP net income of $29.9 million, both up significantly from prior-year levels. The company achieved a debt-free balance sheet after retiring convertible notes in June. Management raised full-year 2026 guidance to $881–$886 million in revenue and $244–$248 million in adjusted EBITDA. Additionally, the Board authorized an additional $350 million for share repurchases, bringing total available capacity to approximately $375 million. Q2 Holdings is a leading provider of digital transformation solutions for financial services.