Q2 Holdings Inc. 2025年季度报告

FORM10-Q (Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period endedMarch31, 2025or Q2 Holdings, Inc. Exact Name of Registrant as Specified in its Charter Delaware Not ApplicableFormer Name, Former Address and Former Fiscal Year, if Changed Since Last Report Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule405 of RegulationS-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant was required tosubmit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company,or an emerging growth company. See the definitions of"large accelerated filer,""accelerated filer," "smaller reporting company,"and"emerginggrowth company" in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Act). Yes☐No☒ Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date:62,303,843shares of Common Stock, $0.0001 par value per share as of April30, 2025. TABLE OF CONTENTS PART I: FINANCIAL INFORMATION Item 1.Financial Statements. Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations. PART II: OTHER INFORMATION Item 1.Legal Proceedings.Item 1A.Risk Factors.Item 2.Unregistered Sales of Equity Securities and Use of Proceeds.Item 3.Defaults Upon Senior Securities.Item 4.Mine Safety Disclosures.Item 5.Other Information.Item 6.Exhibits.SIGNATURES Table of Contents Special Note Regarding Forward-Looking Statements This Quarterly Report on Form 10-Q contains forward-looking statements that are based on our management's beliefs andassumptions and on information currently available to our management. The statements and information contained in this QuarterlyReport on Form 10-Q that are not purely historical are forward-looking statements within the meaning of the Private SecuritiesLitigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of theSecurities Exchange Act of 1934, as amended, or the Exchange Act. You can identify these statements by words such as "anticipates,""believes," "can," "continue," "could," "estimates," "expects," "intends," "may," "plans," "seeks," "potential," "predicts," "projects,""should," "will," "strategy," "future," "likely," or "would" or the negative of these terms or similar expressions. These statements are •the risks associated with recent U.S. tariffs and trade measures and resulting market volatility, including in the financialservices sector, potential inflationary pressures and the impact of any monetary policy changes that may be implemented as a •the risks associated with cyberattacks, financial transaction fraud, data and privacy breaches and breaches of securitymeasures within our products, systems and infrastructure or the products, systems and infrastructure of third parties upon •the impact of and our ability to respond to global economic uncertainties and challenges or changes in the financial servicesindustry and credit markets, including as a result of mergers and acquisitions within the banking sector, inflationarypressures, elevated and fluctuating interest rates, instability in the financial services industry and any changes to or new •the risk of increased or new competition in our existing markets and as we enter new markets or new segments of existingmarkets, or as we offer new solutions; •the risks associated with the development of our solutions, including artificial intelligence, or AI, based solutions andchanges to the market for our solutions compared to our expectations; •quarterly fluctuations in our operating results relative to our expectations and guidance and the accuracy of our forecasts; •the risks and increased costs associated with managing growth and global operations, including hiring, training, retainingand motivating employees to support such growth; •the risks associated with our transactional business which are typically driven by End User behavior and can be influenced •the risks associa