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Dec 31, 2021
Q2 Q4 2021 Earnings Report
Announced fourth quarter and full-year 2021 financial results.
Key Takeaways
Q2 Holdings reported strong Q4 2021 results with revenue up 21% year-over-year. The company delivered its second largest bookings quarter and best half-year of bookings performance in company history.
Signed three Tier 1 digital banking contracts.
Signed five enterprise and two Tier 1 digital lending contracts to utilize our loan pricing solutions.
Signed two Tier 1 digital lending contracts to utilize our treasury onboarding solution.
Annualized Recurring Revenue increased to $574.2 million, up 24% year-over-year from $464.2 million at the end of 2020.
Forward Guidance
Q2 Holdings is providing guidance for its first quarter of 2022 and full-year 2022.
Positive Outlook
- Total non-GAAP revenue of $131.5 million to $133.0 million for Q1 2022, which would represent year-over-year growth of 12 to 14 percent.
- Adjusted EBITDA of $7.7 million to $8.7 million, representing 6 to 7 percent of non-GAAP revenue for Q1 2022.
- Total non-GAAP revenue of $576.0 million to $581.0 million for full-year 2022, which would represent year-over-year growth of 15 percent to 16 percent.
- Adjusted EBITDA of $40.9 million to $43.9 million, representing 7 to 8 percent of non-GAAP revenue for full-year 2022.
- Cash flow from operations for the fourth quarter was $39.3 million
Challenges Ahead
- Q2 Holdings is unable to predict with reasonable certainty the ultimate outcome of these exclusions without unreasonable effort.
- These excluded items could be material to our results computed in accordance with GAAP in future periods.
- Risk of increased competition in its existing markets and as it enters new sections of the market with Tier 1 customers, new markets with Alt-FIs and fintechs and new products and services
Historical Earnings Impact
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Avg. Return Before/After Earnings
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