Q2 Holdings, Inc. — Earnings Quality Grade C
QTWO · Technology
Some red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 24 days, change +2 days YoY
AR growth 22.9% exceeds revenue growth 14.1%
Revenue 14.1%, CFFO 48.4%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth -3.2% vs revenue 14.1%. Normal
SG&A/Gross Profit = 53.8%. Normal
Gross margin 54.1%, change +3.2pp. Stable
Cash Flow Quality
CFFO/NI = 3.87. Profits backed by cash
FCF $0.2B, FCF/NI = 3.33
Accruals ratio = -11.7%. Low accruals
Cash $0.4B covers debt $0.3B
Balance Sheet Health
Goodwill+Intangibles $0.6B = 89% of equity. Over 50%
Debt/EBITDA = 3.1x. Healthy
Other assets 16.8% vs revenue 14.1%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -3% YoY. Normal
Manipulation Score
M-Score = -2.76 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25