Earnings Releases·Oct 28, 2026, 4:16 PM ET

Q2 Holdings, Inc. — Third Quarter 2026 Earnings Summary

Q2 2026 revenue reached $225.8 million, a 12% year-over-year and 3% sequential increase, while GAAP net income rose to $33.2 million from $15.0 million in the prior-year quarter; Adjusted EBITDA hit a record $67.8 million with a 30% margin.
Management raised full-year 2026 guidance for both revenue ($888.0–$892.0 million) and Adjusted EBITDA ($253.0–$256.0 million), citing strong momentum in AI-driven offerings and early demand for the User Activity Monitoring solution.
The company remains debt-free with $55.0 million in free cash flow, while repurchasing 0.6 million shares ($38.8 million) in the quarter and paying $303.995 million for convertible note maturities.
Strategic leadership changes include the appointment of Jonathan Price as Co-CEO effective October 29, 2026, alongside the signing of seven new Enterprise and Tier 1 contracts.