Q2 Holdings, Inc. Announces Third Quarter 2026 Financial Results; Appoints Jonathan Price as co-CEO
Q2 Holdings beat the high end of its guidance on both revenue and adjusted EBITDA for Q3 2026, with revenue of $225.8 million up 12% year-over-year and a record 30% adjusted EBITDA margin. The company raised full-year 2026 guidance to $888-$892 million of revenue and $253-$256 million of adjusted EBITDA, generated $55 million of quarterly free cash flow, and remains debt-free with $336.1 million left on its buyback authorization. Subscription ARR grew 13.5% to $846.0 million and committed Backlog reached roughly $2.8 billion, up 10% year-over-year, with seven Enterprise and Tier 1 contracts signed in the quarter.
Key figures
- Eps
- $0.52 GAAP diluted / $0.74 non-GAAP diluted
- Revenue
- 225771000
- Guidance
- Q4 2026 revenue $226.0M-$230.0M (9-10% YoY growth), adjusted EBITDA $62.4M-$65.4M; FY2026 revenue raised to $888.0M-$892.0M (12% YoY growth), adjusted EBITDA $253.0M-$256.0M
- Revenue Yoy
- 12%
- Arr
- 846000000
- Arr yoy
- 13.5%
- Backlog
- 2800000000
- Backlog yoy
- 10%
- Buyback ytd
- 158900000
- Fcf quarter
- 55000000
- Adjusted ebitda
- 67800000
- Buyback quarter
- 38800000
- Fcf nine months
- 150171000
- Gaap net income
- 33220000
- Buyback avg price
- 61.27
- Gaap gross margin
- 59.7%
- Non gaap gross margin
- 62.6%
- Adjusted ebitda margin
- 30%
- Buyback remaining authorization
- 336100000
AI analysis
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