Highlights: Assay results from four (4) drill holes from the 2025 Winter Program at the Cisco Lithium Project with strong analytical results are reported herein, including: CS25-027: Three major intervals: 179.6 m at 1.66% Li2O; 58 m at 1.75% Li2O; and91.8 m at 1.81% Li2O. CS25-024A: Widest interval of 39.5 m at 1.16% Li2O.CS25-025: Widest interval of 29.0 m at 1.10% Li2O.CS25-026: Widest interval of 23.9 m at 1.46% Li2O. Assays for the 10 remaining drill holes from the winter program are pending. VANCOUVE ...

Core Insights - Koxa Corp. has launched its Treasury Gateway platform in collaboration with Q2 Direct ERP, aimed at enhancing banking operations for commercial customers within their ERP systems [1][4] - The integration allows treasury clients to manage payments and reporting directly from their ERP environment, improving efficiency and reducing risks [3][6] Company Overview - Koxa Corp. specializes in ERP-banking solutions, connecting banks to corporate treasury clients and enabling banking functionalities within ERP systems [6] - Q2 Holdings, Inc. is a provider of digital transformation solutions for financial services, serving a range of financial institutions both in the U.S. and internationally [2][7] Product Features - Koxa's Treasury Gateway enables clients to submit, approve, and release payments, track payment statuses, and access reporting data without leaving their ERP [3][6] - The platform is pre-integrated via Q2 Innovation Studio, facilitating rapid deployment for financial institutions [5] Market Demand - There is a growing demand for ERP connectivity in the banking sector, prompting partnerships like that of Koxa and Q2 to enhance treasury management solutions [5]

Core Insights - The article does not provide specific insights or analysis regarding any companies or industries, focusing instead on disclaimers and disclosures related to investment positions and opinions [1][2] Summary by Categories - **Company Analysis**: No specific company analysis or performance data is provided in the article [1][2] - **Industry Insights**: The article lacks any insights or trends related to specific industries [1][2] - **Market Performance**: There are no references to market performance or financial metrics in the content [1][2]

Core Insights - Q2 Holdings, Inc. reported strong earnings for Q1, with earnings per share of 50 cents, surpassing the analyst consensus estimate of 47 cents [1] - The company achieved quarterly sales of $189.74 million, exceeding the analyst consensus estimate of $186.67 million [1] Financial Performance - The first quarter bookings performance was characterized by significant renewals and expansion activity, indicating the value of the company's solutions [2] - Q2 Holdings raised its FY2025 sales guidance from a range of $772 million-$779 million to $776 million-$783 million [2] Stock Market Reaction - Following the earnings announcement, Q2 Holdings shares increased by 7.7%, trading at $86.46 [3] - Analysts adjusted their price targets for Q2 Holdings after the earnings report, with some maintaining their ratings [3][8] Analyst Opinions - Needham analyst Mayank Tandon maintained a Buy rating on Q2 Holdings but lowered the price target from $125 to $110 [8] - Baird analyst Jon Vruwink maintained a Neutral rating and raised the price target from $84 to $90 [8]

Core Viewpoint - The conference call is focused on Q2 Holdings' financial results for the first quarter of 2025, highlighting the company's performance and future expectations in the financial services industry [2][3]. Company Participants - Key participants in the conference call include Matt Flake (CEO), Jonathan Price (CFO), and Kirk Coleman (President), along with Josh Yankovich (Investor Relations) leading the discussion [1][3]. Industry Context - The call includes forward-looking statements regarding the sales, operating, and financial performance of Q2 Holdings and the broader financial services industry, indicating a focus on future growth and challenges [3].

Company Performance - Q2 Holdings reported quarterly earnings of $0.54 per share, exceeding the Zacks Consensus Estimate of $0.48 per share, and up from $0.31 per share a year ago, representing an earnings surprise of 12.50% [1] - The company posted revenues of $189.74 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 1.73%, compared to year-ago revenues of $165.51 million [2] - Over the last four quarters, Q2 Holdings has surpassed consensus revenue estimates four times, but has only beaten consensus EPS estimates once [2] Stock Outlook - Q2 Holdings shares have declined approximately 21.2% since the beginning of the year, while the S&P 500 has decreased by 4.7% [3] - The current consensus EPS estimate for the upcoming quarter is $0.50 on revenues of $191.56 million, and for the current fiscal year, it is $2.13 on revenues of $774.84 million [7] Industry Context - The Internet - Software industry, to which Q2 Holdings belongs, is currently ranked in the top 37% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Q2 Holdings' stock performance [5]

Financial Data and Key Metrics Changes - The company reported revenue of $189.7 million for Q1 2025, representing a 15% year-over-year increase and a 4% sequential increase [8][14] - Adjusted EBITDA was $40.7 million, accounting for 21.5% of revenue, which is a 61% increase from $25.2 million in the prior year [8][18] - Free cash flow generated was $37.8 million, exceeding typical seasonal patterns due to favorable timing with larger customer invoicing [8][19] Business Line Data and Key Metrics Changes - Subscription-based revenues grew by 18% year-over-year and 5% sequentially, making up 81% of total revenue [15] - Services and other revenues declined by 7% year-over-year, primarily due to a reduction in professional service revenues [15] - Total annualized recurring revenue (ARR) increased to $847 million, up 11% year-over-year, driven by strength in subscription ARR, which grew to $720 million, up 14% year-over-year [16] Market Data and Key Metrics Changes - The company signed a Tier one relationship pricing deal with a bank to enhance commercial relationship profitability across lending and deposit product lines [9] - Expansion activity was noted with a top 50 U.S. bank signing a deal for risk and fraud solutions, indicating a growing demand for fraud management [10] Company Strategy and Development Direction - The company aims to focus on higher-margin recurring subscription revenues, which positions it well for sustainable profitable growth [15] - The management emphasized the importance of fraud mitigation solutions, which are expected to remain a priority for customers [10][22] - The company plans to continue investing in R&D and expanding its partner ecosystem to deliver innovation quickly [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business's durability due to the mission-critical nature of its products and a strong customer base [12][20] - The company anticipates a solid pipeline for the remainder of the year, with strong renewal and expansion opportunities [12][20] - Despite macroeconomic uncertainties, the company believes its strong financial foundation will help navigate potential challenges [20][21] Other Important Information - Gross margins improved to 57.9%, up from 54.9% in the prior year, driven by a higher mix of subscription-based revenues [17] - Total operating expenses were $77 million, or 40.7% of revenue, showing improvement in operational efficiency [18] Q&A Session Summary Question: Insights on fraud management traction and pipeline - Management indicated that fraud management is a differentiator in both new deals and expansions, with significant opportunities for growth in this area [26][28] Question: Confidence in renewal opportunities for 2025 and 2026 - Management confirmed that the confidence is based on the number of logos up for renewal, similar to previous years [29][31] Question: Macro assumptions in raised outlook - Management stated that no different macro assumptions were incorporated into the raised outlook compared to the last quarter [35][36] Question: Performance in the credit union market - Management noted strong performance in the credit union sector, with many looking to diversify their offerings and enhance commercial capabilities [38][39] Question: Cash flow performance and future expectations - Management acknowledged an anomaly in Q1 cash flow due to a large customer switching to annual payments, but remains confident in maintaining high free cash flow conversion [75][76] Question: Subscription growth versus ARR growth - Management explained that subscription ARR is a leading indicator for subscription revenue, with current patterns reflecting previous trends [108]

FORM 10-Q (Mark One) Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number 001-36350 Q2 Holdings, Inc. Exact Name of Registrant as Specified in its Charter Delaware ...

Exhibit 99.1 FOR IMMEDIATE RELEASE Q2 Holdings, Inc. Announces First Quarter 2025 Financial Results AUSTIN, Texas (May 7, 2025)—Q2 Holdings, Inc. (NYSE: QTWO), a leading provider of digital transformation solutions for financial services, today announced results for its first quarter ending March 31, 2025. GAAP Results for the First Quarter 2025 Non-GAAP Results for the First Quarter 2025 For a reconciliation of our GAAP to non-GAAP results, please see the tables below. "We delivered strong results to start ...

Financial Performance - Revenue for Q1 2025 reached $189.7 million, a 15% increase compared to $165.5 million in Q1 2024[8] - Adjusted EBITDA for Q1 2025 was $40.7 million, representing a 61% increase from $25.2 million in Q1 2024[8] - Adjusted EBITDA margin was 21%, compared to 15.2% in the same period last year[7, 32] - Net income for Q1 2025 was $4.8 million, a significant improvement from a loss of $13.8 million in Q1 2024[8] - Subscription Annualized Recurring Revenue (ARR) grew by 14% year-over-year, reaching $702 million, up from $615 million in Q1 2024[11, 13] Backlog and RPO - Total committed backlog reached $2.3 billion, a 20% increase compared to Q1 2024[7, 11] - The company expects 54% of the $2.3 billion backlog to be recognized as revenue within the next 24 months[15] Customer Base - Banks constitute 64% of the customer base, while credit unions account for 25%[17] - Enterprise customers make up 10% of the customer base, Tier 1 customers 36%, Tier 2 customers 34%, and Tier 3 customers 10%[17] Financial Outlook - The company projects revenue between $776 million and $783 million for the full year 2025[19] - The company anticipates an adjusted EBITDA margin of approximately 22% for the full year 2025[18]