Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2021. or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Q2 Holdings, Inc. (Exact name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation or Organization) Delaw ...

Q2 Holdings, Inc. (NYSE:QTWO) Q4 2021 Earnings Conference Call February 16, 2022 8:30 AM ET Company Participants Josh Yankovich - Investor Relations Matt Flake - Chief Executive Officer David Mehok - Chief Financial Officer Jonathan Price - EVP of Emerging Businesses, Corporate and Business Development Conference Call Participants Terry Tillman - Truist Securities Parker Lane - Stifel Financial Corp Pete Heckmann - D.A. Davidson Andrew Schmidt - Citi Alex Sklar - Raymond James Daniel Perlin - RBC Capital Ma ...

th Quarter and Full-Year 2021 Results 4 February 15, 2022 | --- | --- | |-------------------------------------------------------------|--------------------------------------------------------------- ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 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 Delaw ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 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 2 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) (512) 275-0072 Registrant's Telephone Number, Including Area Code ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 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, I ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2020. or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Q2 Holdings, Inc. (Exact name of Registrant as Specified in Its Charter) Securities registered pursuant to Section 12(b) of the Act: Title of ...

Financial Data and Key Metrics Changes - In Q4 2020, the company generated non-GAAP revenue of $109.7 million, representing a 24% year-over-year increase and a 5% sequential increase [10][36] - For the full year 2020, non-GAAP revenue was $407.2 million, up 28% year-over-year [10][36] - The company ended the year with approximately 17.8 million registered users, a 22% increase year-over-year [10][37] - Gross margin for Q4 2020 was 48.3%, down from 56.8% in Q4 2019, and 51.9% for the full year, down from 54% in 2019 [45][46] - Adjusted EBITDA for Q4 2020 was $6.1 million, down from $10.6 million in Q4 2019, while for the full year it was $22.2 million, up from $19.6 million in 2019 [48] Business Line Data and Key Metrics Changes - Transactional revenue represented 13% of total revenue for Q4 2020, down from 14% in the previous quarter and prior year [38] - The company saw strong demand for products like CardSwap and Centrix, indicating a shift towards digital solutions [17][28] - The company experienced impressive cross-sell and renewal activity, particularly among digital banking and lending customers [15][16] Market Data and Key Metrics Changes - The company reported a total committed backlog of $1.3 billion, a 15% increase year-over-year [39] - The digital banking churn for the full year remained below 5%, despite macroeconomic impacts from COVID-19 [40] - The company ended the year with 450 installed customers, up from 414 at the end of 2019 [43] Company Strategy and Development Direction - The company aims to capitalize on the digital transformation trend among financial services providers, with a focus on enhancing user experience and expanding its product portfolio [55][57] - Diversity and inclusion efforts will remain a core focus in 2021, with expectations for more disclosures regarding ESG initiatives [26] - The company plans to continue leveraging its strong customer relationships and product offerings to drive growth [57][87] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to sustain strong revenue growth while improving profitability in 2021 [57] - The company anticipates a gradual resurgence in costs related to travel and marketing as the pandemic situation evolves [52] - Management noted that the Tier 1 pipeline is showing signs of recovery, with real deals and engagement expected to materialize in 2021 [64][72] Other Important Information - The company ended the year with cash, cash equivalents, and investments of $539.1 million, up from $396.1 million at the end of Q3 2020 [49] - The company implemented a new accounting approach for professional services revenue, which impacted revenue recognition in Q4 [32][34] Q&A Session Summary Question: Update on Texas weather conditions - Management acknowledged the severe weather conditions affecting employees in Texas, with 50% of employees without power, heat, or water [61] Question: Demand from new customers for solutions - Management indicated that Tier 1 deals are returning with budgets and project plans, suggesting improved demand for new solutions in 2021 [62][64] Question: Cadence of deals and guidance for 2021 - Management noted that while the cadence of deals was disrupted in 2020, there is optimism for a return to a more typical pattern in 2021, with a focus on Q2 and Q4 [71][72] Question: Accelerating implementations - Management stated that while some customers may seek to expedite implementations, the complexity of digital banking solutions typically prevents significant acceleration [78] Question: Potential for multi-year replatforming - Management confirmed that digital transformation discussions are ongoing, with opportunities for replatforming as customers seek to improve their digital banking experiences [85][87] Question: Expectations for organic user growth in 2021 - Management expressed confidence in maintaining elevated organic user growth, projecting a range of 10% to 11% for 2021 [92] Question: Circumstances around the impairment on the fintech contract - Management clarified that the impairment was related to an early-stage fintech partner facing financial instability, but overall exposure to such risks is low [96][97]

Q2 Holdings, Inc. (NYSE:QTWO) Q4 2019 Earnings Conference Call February 20, 2020 8:30 AM ET Company Participants Steve Calk – Director-Investor Relations Matt Flake – Chief Executive Officer Jennifer Harris – Chief Financial Officer Conference Call Participants Sterling Auty – JPMorgan Tom Roderick – Stifel Brian Peterson – Raymond James Terry Tillman – SunTrust Robinson Joseph Vafi – Canaccord Bob Napoli – William Blair Mayank Tandon – Needham Peter Heckmann – Davidson Andrew Schmidt – Citi Brett Huff – St ...