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How Q2 Holdings, Inc. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$795M · 100%Cost of revenue$365M · 46%Gross profit$430M · 54%Operating income$39.9M · 5%Income before tax$54.7M · 7%Income tax$2.7M · 0%Net income$52M · 7%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$795M100%
  • 10-K · FY 2025Filing detailsAccession 0001410384-26-000006 · filed Feb 11, 2026
Cost of revenue$365M46%
  • 10-K · FY 2025Filing detailsAccession 0001410384-26-000006 · filed Feb 11, 2026
$430M54%
  • 10-K · FY 2025Filing detailsAccession 0001410384-26-000006 · filed Feb 11, 2026
$39.9M5%
  • 10-K · FY 2025Filing detailsAccession 0001410384-26-000006 · filed Feb 11, 2026
Income before tax$54.7M7%
  • 10-K · FY 2025Filing detailsAccession 0001410384-26-000006 · filed Feb 11, 2026
Income tax$2.7M0%
  • 10-K · FY 2025Filing detailsAccession 0001410384-26-000006 · filed Feb 11, 2026
$52M7%
  • 10-K · FY 2025Filing detailsAccession 0001410384-26-000006 · filed Feb 11, 2026
Source:
  • 10-K · FY 2025Filing detailsAccession 0001410384-26-000006 · filed Feb 11, 2026
· event Dec 31, 2025 · retrieved Oct 16, 2026 · annual-row source set
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