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Q2 (QTWO) Financials

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$85.98 -0.76 (-0.88%)
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Annual Income Statements for Q2

Annual Income Statements for Q2

This table shows Q2's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Income / (Loss) Attributable to Common Shareholders		 -39 -65 -109 -113 -138 -71 -35 -26 -36 -25
Consolidated Net Income / (Loss)		 -39 -65 -109 -113 -138 -71 -35 -26 -36 -25
Net Income / (Loss) Continuing Operations		 -39 -65 -109 -113 -138 -71 -35 -26 -36 -25
Total Pre-Tax Income 		-31 -62 -106 -111 -136 -83 -39 -26 -36 -25
Total Operating Income		 -42 -86 -105 -78 -100 -67 -32 -27 -36 -25
Total Gross Profit		 354 303 256 225 175 153 119 94 73 50
Total Revenue		 696 625 566 499 403 315 241 194 150 109
Operating Revenue		 696 625 566 499 403 315 241 194 150 109
Total Cost of Revenue		 342 322 309 274 228 162 122 99 77 59
Operating Cost of Revenue		 342 322 309 274 228 162 122 99 77 59
Total Operating Expenses		 397 389 361 303 274 220 151 121 109 75
Selling, General & Admin Expense		 123 110 90 78 71 57 45 37 32 23
Marketing Expense		 106 110 108 86 72 64 48 41 36 27
Research & Development Expense		 143 137 130 117 97 76 51 40 32 22
Amortization Expense		 17 21 18 18 18 6.34 1.84 1.48 1.47 0.58
Restructuring Charge		 7.63 11 14 4.70 2.18 - - - - -
Total Other Income / (Expense), net		 11 24 -1.31 -33 -36 -17 -7.35 0.43 -0.21 -0.00
Interest Expense		 0.00 -20 0.00 1.51 8.93 0.00 0.00 - - -
Interest & Investment Income		 16 10 5.36 1.48 1.21 3.67 2.81 0.55 0.36 0.28
Other Income / (Expense), net		 -4.94 -5.73 -6.68 -33 -29 -20 -10 -0.12 -0.57 -0.28
Income Tax Expense		 7.68 3.56 2.91 1.64 1.42 -12 -3.80 -0.31 0.43 0.22
Basic Earnings per Share		 ($0.64) ($1.12) ($1.90) ($2.00) ($2.65) ($1.53) ($0.83) ($0.63) ($0.92) ($0.67)
Weighted Average Basic Shares Outstanding		 60.11M 58.35M 57.30M 56.39M 52.02M 46.20M 42.80M 41.22M 39.65M 37.28M
Diluted Earnings per Share		 ($0.64) ($1.12) ($1.90) ($2.00) ($2.65) ($1.53) ($0.83) ($0.63) ($0.92) ($0.67)
Weighted Average Diluted Shares Outstanding		 60.11M 58.35M 57.30M 56.39M 52.02M 46.20M 42.80M 41.22M 39.65M 37.28M
Weighted Average Basic & Diluted Shares Outstanding		 60.73M 59.07M 57.74M 56.93M 52.02M 46.20M 42.80M 41.22M 39.65M 37.28M

Quarterly Income Statements for Q2

This table shows Q2's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders		 4.75 0.16 -12 -13 -14 -18 -23 -24 -0.52 -32 -28
Consolidated Net Income / (Loss)		 4.75 0.16 -12 -13 -14 -18 -23 -24 -0.52 -32 -28
Net Income / (Loss) Continuing Operations		 4.75 0.16 -12 -13 -14 -18 -23 -24 -0.52 -32 -28
Total Pre-Tax Income 		5.24 1.94 -9.54 -11 -12 -16 -22 -23 -0.50 -32 -27
Total Operating Income		 2.19 -1.58 -13 -14 -14 -18 -23 -24 -21 -32 -27
Total Gross Profit		 101 96 89 87 82 81 74 74 73 66 67
Total Revenue		 190 183 175 173 166 162 155 155 153 147 145
Operating Revenue		 190 183 175 173 166 162 155 155 153 147 145
Total Cost of Revenue		 89 87 86 86 83 81 81 81 80 80 78
Operating Cost of Revenue		 89 87 86 86 83 81 81 81 80 80 78
Total Operating Expenses		 99 98 102 101 96 99 97 97 94 99 94
Selling, General & Admin Expense		 32 30 31 31 30 30 28 27 25 24 23
Marketing Expense		 27 27 26 28 25 27 26 29 28 29 28
Research & Development Expense		 38 36 37 36 35 34 35 34 34 34 33
Amortization Expense		 0.09 2.59 4.78 4.79 4.83 4.90 5.25 5.25 5.26 4.98 4.42
Restructuring Charge		 2.01 2.41 3.13 0.97 1.13 3.40 3.31 2.32 1.97 7.47 5.85
Total Other Income / (Expense), net		 3.05 3.51 3.26 2.73 1.90 2.00 1.01 0.53 21 0.81 -0.23
Interest & Investment Income		 4.59 4.68 4.62 3.85 3.19 3.39 2.33 2.11 2.28 2.46 1.42
Other Income / (Expense), net		 -1.54 -1.17 -1.35 -1.12 -1.29 -1.39 -1.32 -1.58 -1.44 -1.65 -1.65
Income Tax Expense		 0.49 1.77 2.26 2.09 1.56 2.06 1.01 0.48 0.02 0.74 0.47
Basic Earnings per Share		 $0.08 $0.01 ($0.20) ($0.22) ($0.23) ($0.30) ($0.40) ($0.41) ($0.01) ($0.57) ($0.48)
Weighted Average Basic Shares Outstanding		 61.22M 60.11M 60.31M 60.16M 59.45M 58.35M 58.49M 58.29M 57.89M 57.30M 57.36M
Diluted Earnings per Share		 $0.07 $0.01 ($0.20) ($0.22) ($0.23) ($0.30) ($0.40) ($0.41) ($0.01) ($0.57) ($0.48)
Weighted Average Diluted Shares Outstanding		 64.82M 60.11M 60.31M 60.16M 59.45M 58.35M 58.49M 58.29M 57.89M 57.30M 57.36M
Weighted Average Basic & Diluted Shares Outstanding		 62.30M 60.73M 60.40M 60.28M 60.10M 59.07M 58.64M 58.45M 58.20M 57.74M 57.52M

Annual Cash Flow Statements for Q2

This table details how cash moves in and out of Q2's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Change in Cash & Equivalents		 127 32 -124 -85 308 -6.59 50 4.09 -12 -0.93
Net Cash From Operating Activities		 136 70 37 31 -2.94 0.57 4.60 9.47 3.39 5.40
Net Cash From Continuing Operating Activities		 136 70 37 31 -2.94 0.57 4.60 9.47 3.39 5.40
Net Income / (Loss) Continuing Operations		 -39 -65 -109 -113 -138 -71 -35 -26 -36 -25
Consolidated Net Income / (Loss)		 -39 -65 -109 -113 -138 -71 -35 -26 -36 -25
Depreciation Expense		 69 72 62 55 52 28 17 15 12 6.85
Amortization Expense		 28 25 26 53 47 30 17 7.80 7.30 5.42
Non-Cash Adjustments To Reconcile Net Income		 94 68 76 56 59 36 24 21 13 7.40
Changes in Operating Assets and Liabilities, net		 -17 -29 -18 -20 -22 -24 -18 -8.08 7.36 11
Net Cash From Investing Activities		 -21 113 -166 -65 -124 -483 -171 -17 -17 -58
Net Cash From Continuing Investing Activities		 -21 113 -166 -65 -124 -483 -171 -17 -17 -58
Purchase of Property, Plant & Equipment		 -29 -31 -30 -26 -24 -14 -13 -12 -15 -7.13
Acquisitions		 0.00 0.00 -5.04 -65 -0.95 -506 -131 -4.79 -2.79 -28
Purchase of Investments		 -96 -77 -293 -124 -131 -27 -76 -28 -40 -44
Sale and/or Maturity of Investments		 104 221 163 149 32 64 48 28 41 21
Net Cash From Financing Activities		 13 -152 5.88 -51 435 476 217 12 0.94 52
Net Cash From Continuing Financing Activities		 13 -152 5.88 -51 434 476 217 12 0.94 52
Repayment of Debt		 -0.94 -161 0.00 -64 0.00 0.00 - - -5.05 -4.66
Other Financing Activities, net		 14 8.54 5.88 32 127 -26 -29 12 6.00 4.17
Effect of Exchange Rate Changes		 -0.83 0.18 -0.80 -0.17 0.05 - - - - -
Cash Interest Paid		 2.68 2.65 2.89 3.10 4.10 2.85 0.81 0.07 0.22 0.21
Cash Income Taxes Paid		 5.88 2.62 0.88 1.03 0.57 0.32 0.25 0.13 0.12 0.06

Quarterly Cash Flow Statements for Q2

This table details how cash moves in and out of Q2's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents		 25 39 16 28 45 76 38 -3.00 -78 6.60 -19
Net Cash From Operating Activities		 44 43 43 36 13 37 17 13 3.89 44 6.51
Net Cash From Continuing Operating Activities		 44 43 43 36 13 37 17 13 3.89 44 6.51
Net Income / (Loss) Continuing Operations		 4.75 0.16 -12 -13 -14 -18 -23 -24 -0.52 -32 -28
Consolidated Net Income / (Loss)		 4.75 0.16 -12 -13 -14 -18 -23 -24 -0.52 -32 -28
Depreciation Expense		 14 16 18 18 18 18 18 18 18 16 15
Amortization Expense		 7.20 7.31 6.85 7.13 6.54 6.76 6.22 6.19 5.59 6.11 6.55
Non-Cash Adjustments To Reconcile Net Income		 20 20 28 25 22 20 25 23 0.97 23 22
Changes in Operating Assets and Liabilities, net		 -2.16 -0.06 2.77 -0.37 -19 10 -9.10 -10 -20 31 -9.92
Net Cash From Investing Activities		 -20 -6.45 -27 -11 23 35 21 -20 78 -40 -25
Net Cash From Continuing Investing Activities		 -20 -6.45 -27 -11 23 35 21 -20 78 -40 -25
Purchase of Property, Plant & Equipment		 -5.70 -6.19 -8.15 -7.28 -7.42 -6.75 -7.47 -9.34 -7.08 -5.46 -10
Purchase of Investments		 -34 -28 -34 -33 -0.08 -0.05 -7.44 -27 -43 -79 -72
Sale and/or Maturity of Investments		 20 28 15 29 31 41 36 16 128 49 57
Net Cash From Financing Activities		 0.55 2.81 -0.94 3.04 8.40 4.08 0.39 3.84 -160 2.63 0.45
Net Cash From Continuing Financing Activities		 0.55 2.81 -0.94 3.04 8.40 4.08 0.39 3.84 -160 2.63 0.45
Other Financing Activities, net		 0.55 2.81 - 3.04 8.40 4.08 0.39 3.84 0.23 2.63 0.45
Effect of Exchange Rate Changes		 0.11 -0.76 0.19 -0.07 -0.19 0.32 -0.41 0.22 0.06 0.14 -0.36

Annual Balance Sheets for Q2

This table presents Q2's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Total Assets		 1,295 1,201 1,350 1,385 1,417 1,009 464 213 201 204
Total Current Assets		 559 428 531 522 616 186 218 131 126 133
Cash & Equivalents		 359 230 200 323 408 100 108 58 55 67
Restricted Cash		 2.23 3.98 2.30 2.97 3.48 3.47 1.82 2.32 1.32 2.12
Short-Term Investments		 88 94 234 105 131 32 69 42 42 44
Accounts Receivable		 42 43 47 47 36 22 20 13 12 9.01
Prepaid Expenses		 24 12 11 11 8.86 6.35 3.98 3.12 3.22 3.06
Other Current Assets		 44 45 38 34 28 22 16 13 12 8.41
Plant, Property, & Equipment, net		 32 41 57 67 50 39 35 35 27 24
Total Noncurrent Assets		 705 732 762 796 751 784 210 47 48 47
Goodwill		 513 513 513 513 462 462 108 13 13 13
Intangible Assets		 95 122 146 162 185 224 63 12 15 17
Other Noncurrent Operating Assets		 97 98 103 121 104 98 39 22 20 17
Total Liabilities & Shareholders' Equity		 1,295 1,201 1,350 1,385 1,417 1,009 464 213 201 204
Total Liabilities		 777 753 931 815 773 630 305 106 101 86
Total Current Liabilities		 399 192 192 168 146 133 74 68 59 46
Short-Term Debt		 190 0.00 11 0.00 - - - - - 0.16
Accounts Payable		 9.35 19 10 11 7.89 11 9.17 7.62 4.23 3.45
Accrued Expenses		 18 16 21 18 22 16 9.33 11 8.82 11
Current Deferred Revenue		 138 119 117 99 82 58 43 38 30 23
Current Employee Benefit Liabilities		 33 27 23 32 27 39 13 12 16 7.71
Other Current Liabilities		 10 10 9.41 9.00 6.84 9.14 0.00 - - -
Total Noncurrent Liabilities		 378 561 739 646 628 497 231 38 42 41
Long-Term Debt		 302 490 658 552 557 425 183 0.00 - -
Noncurrent Deferred Revenue		 27 17 22 29 29 33 31 38 41 37
Other Noncurrent Operating Liabilities		 49 54 59 66 41 39 17 0.44 0.36 4.25
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 518 448 419 570 643 379 159 107 100 118
Total Preferred & Common Equity		 518 448 419 570 643 379 159 107 100 118
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 518 448 419 570 643 379 159 107 100 118
Common Stock		 1,184 1,075 982 1,064 1,025 623 331 260 226 208
Retained Earnings		 -664 -626 -560 -494 -381 -243 -172 -152 -126 -89
Accumulated Other Comprehensive Income / (Loss)		 -1.87 -1.11 -2.97 -0.14 -0.03 0.01 -0.04 -0.14 -0.05 -0.10

Quarterly Balance Sheets for Q2

This table presents Q2's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 3/31/2025 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets		 1,350 1,273 1,249 1,228 1,179 1,173 1,184 1,333
Total Current Assets		 619 526 491 458 397 379 375 499
Cash & Equivalents		 384 320 304 275 156 118 121 193
Restricted Cash		 1.58 1.85 2.52 4.26 2.07 2.30 2.27 2.73
Short-Term Investments		 102 88 68 64 135 162 150 203
Accounts Receivable		 63 58 59 54 44 39 40 53
Prepaid Expenses		 22 18 13 16 15 12 15 14
Other Current Assets		 47 41 45 46 45 46 46 35
Plant, Property, & Equipment, net		 28 34 35 38 45 48 53 59
Total Noncurrent Assets		 703 712 722 732 738 745 756 775
Goodwill		 513 513 513 513 513 513 513 513
Intangible Assets		 91 101 108 115 128 135 140 146
Other Noncurrent Operating Assets		 100 98 101 104 97 97 103 116
Total Liabilities & Shareholders' Equity		 1,350 1,273 1,249 1,228 1,179 1,173 1,184 1,333
Total Liabilities		 804 778 768 763 738 731 745 903
Total Current Liabilities		 432 211 201 193 176 169 177 166
Short-Term Debt		 191 - - - 0.00 0.00 0.00 11
Accounts Payable		 15 13 14 13 15 14 14 12
Accrued Expenses		 24 20 20 23 18 16 20 15
Current Deferred Revenue		 174 141 134 132 116 111 122 101
Current Employee Benefit Liabilities		 19 26 21 14 19 18 12 18
Other Current Liabilities		 10 11 11 11 9.07 9.21 9.23 9.44
Total Noncurrent Liabilities		 372 567 567 571 562 562 568 737
Long-Term Debt		 302 492 491 491 490 489 489 657
Noncurrent Deferred Revenue		 27 25 24 27 18 20 23 21
Other Noncurrent Operating Liabilities		 43 50 51 53 54 53 56 59
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 545 495 481 465 441 441 439 430
Total Preferred & Common Equity		 545 495 481 465 441 441 439 430
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 545 495 481 465 441 441 439 430
Common Stock		 1,207 1,160 1,134 1,106 1,051 1,028 1,002 962
Retained Earnings		 -659 -664 -653 -640 -608 -584 -561 -528
Accumulated Other Comprehensive Income / (Loss)		 -1.72 -0.59 -1.21 -1.31 -1.99 -1.95 -1.95 -3.60

Annual Metrics And Ratios for Q2

This table displays calculated financial ratios and metrics derived from Q2's official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 11.50% 10.42% 13.43% 23.83% 27.66% 30.85% 24.29% 29.13% 37.99% 37.58%
EBITDA Growth		 956.67% 119.42% -773.50% 90.82% -6.92% -238.98% -93.53% 74.49% -30.62% -16.89%
EBIT Growth		 48.58% 17.63% -0.33% 13.55% -47.62% -107.17% -55.42% 25.50% -44.43% -28.00%
NOPAT Growth		 50.89% 17.85% -34.32% 21.87% -49.57% -109.56% -18.37% 24.67% -43.79% -30.25%
Net Income Growth		 41.06% 40.01% 3.34% 18.07% -94.17% -100.23% -35.29% 28.03% -45.05% -27.65%
EPS Growth		 42.86% 41.05% 5.00% 24.53% -73.20% -84.34% -31.75% 31.52% -37.31% 0.00%
Operating Cash Flow Growth		 93.12% 92.29% 17.57% 1,158.27% -618.17% -87.66% -51.49% 179.08% -37.14% 202.14%
Free Cash Flow Firm Growth		 204.46% 44.04% 60.91% -46.15% 89.16% -206.76% -730.14% -1.35% 35.18% -285.01%
Invested Capital Growth		 -8.11% -6.30% -5.66% 5.00% -1.50% 311.30% 3,386.12% 159.23% -66.65% 152.61%
Revenue Q/Q Growth		 3.10% 2.56% 2.66% 4.81% 5.82% 6.65% 6.86% 5.18% 8.48% 8.21%
EBITDA Q/Q Growth		 44.64% 138.26% -155.17% 49.58% 22.27% -9.75% -177.97% 29.61% 12.17% -18.92%
EBIT Q/Q Growth		 26.09% 13.83% -8.30% 2.35% 0.21% -17.04% -29.27% 4.10% 2.38% -16.85%
NOPAT Q/Q Growth		 28.01% 14.39% -16.61% 3.60% 1.37% -15.91% -24.98% 3.63% 2.67% -17.32%
Net Income Q/Q Growth		 32.13% 17.98% -6.90% 9.94% -19.19% -5.67% -21.83% 7.07% 2.43% -17.10%
EPS Q/Q Growth		 32.63% 19.42% -6.74% 10.71% -16.74% -2.00% -22.06% 7.35% 4.17% -48.89%
Operating Cash Flow Q/Q Growth		 4.99% -9.39% 13.63% 191.81% 85.37% -92.04% 7.64% 54.62% -6.55% 930.62%
Free Cash Flow Firm Q/Q Growth		 1.53% -123.17% -0.75% 17.68% 89.82% -239.63% -285.25% 3.14% 31.53% -25.00%
Invested Capital Q/Q Growth		 -2.77% -4.26% -6.84% -5.17% -3.08% 312.12% 308.46% -57.10% -77.55% 121.89%
Profitability Metrics		 - - - - - - - - - -
Gross Margin		 50.90% 48.45% 45.32% 45.12% 43.35% 48.50% 49.46% 48.71% 48.46% 45.69%
EBITDA Margin		 7.10% 0.75% -4.26% -0.55% -7.46% -8.91% -3.44% -2.21% -11.18% -11.81%
Operating Margin		 -6.07% -13.78% -18.52% -15.64% -24.79% -21.16% -13.21% -13.87% -23.78% -22.82%
EBIT Margin		 -6.78% -14.70% -19.70% -22.27% -31.90% -27.59% -17.42% -13.94% -24.15% -23.08%
Profit (Net Income) Margin		 -5.53% -10.47% -19.27% -22.61% -34.17% -22.47% -14.68% -13.49% -24.20% -23.02%
Tax Burden Percent		 124.87% 105.76% 102.74% 101.48% 101.04% 85.02% 90.30% 98.81% 101.19% 100.89%
Interest Burden Percent		 65.38% 67.35% 95.19% 100.03% 106.01% 95.78% 93.31% 97.95% 99.01% 98.89%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -5.05% -9.54% -10.92% -8.09% -10.54% -11.25% -26.68% -583.21% -695.48% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 -13.74% -12.14% -31.06% -93.71% -55.12% -27.76% -0.04% -575.90% -684.72% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 -2.93% -5.54% -11.11% -10.49% -16.38% -15.09% 0.01% 557.92% 662.16% 0.00%
Return on Equity (ROE)		 -7.98% -15.07% -22.03% -18.58% -26.91% -26.33% -26.66% -25.30% -33.32% -25.46%
Cash Return on Invested Capital (CROIC)		 3.41% -3.03% -5.09% -12.97% -9.03% -133.02% -215.52% -671.87% -595.51% -612.56%
Operating Return on Assets (OROA)		 -3.78% -7.20% -8.15% -7.93% -10.59% -11.82% -12.42% -13.06% -17.90% -14.72%
Return on Assets (ROA)		 -3.09% -5.13% -7.97% -8.05% -11.34% -9.62% -10.46% -12.65% -17.93% -14.69%
Return on Common Equity (ROCE)		 -7.98% -15.07% -22.03% -18.58% -26.91% -26.33% -26.66% -25.30% -33.32% -25.46%
Return on Equity Simple (ROE_SIMPLE)		 -7.44% -14.58% -26.01% -19.77% -21.39% -18.68% -22.28% -24.54% -36.27% -21.24%
Net Operating Profit after Tax (NOPAT)		 -30 -60 -73 -55 -70 -47 -22 -19 -25 -17
NOPAT Margin		 -4.25% -9.64% -12.96% -10.95% -17.35% -14.81% -9.25% -9.71% -16.64% -15.97%
Net Nonoperating Expense Percent (NNEP)		 8.69% 2.60% 20.15% 85.62% 44.59% 16.52% -26.64% -7.31% -10.76% -7.61%
Return On Investment Capital (ROIC_SIMPLE)		 -2.93% -6.42% -6.74% - - - - - - -
Cost of Revenue to Revenue		 49.10% 51.55% 54.68% 54.88% 56.65% 51.50% 50.54% 51.29% 51.54% 54.31%
SG&A Expenses to Revenue		 17.65% 17.64% 15.94% 15.62% 17.61% 17.98% 18.66% 19.17% 21.27% 21.11%
R&D to Revenue		 20.57% 21.99% 23.00% 23.45% 24.18% 24.18% 21.29% 20.80% 21.61% 19.78%
Operating Expenses to Revenue		 56.97% 62.23% 63.84% 60.76% 68.14% 69.65% 62.67% 62.58% 72.23% 68.50%
Earnings before Interest and Taxes (EBIT)		 -47 -92 -111 -111 -128 -87 -42 -27 -36 -25
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 49 4.68 -24 -2.76 -30 -28 -8.29 -4.28 -17 -13
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 11.74 5.68 3.69 7.91 10.60 10.29 13.53 14.40 11.55 8.65
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 18.79 16.05 11.61
Price to Revenue (P/Rev)		 8.73 4.08 2.73 9.05 16.93 12.38 8.91 7.92 7.71 9.38
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 10.91 4.43 2.73 6.71 10.38 6.27 13.25 307.59 589.30 168.46
Enterprise Value to Revenue (EV/Rev)		 8.79 4.34 3.14 9.29 16.97 13.29 8.93 7.39 7.05 8.34
Enterprise Value to EBITDA (EV/EBITDA)		 123.87 578.84 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 45.10 38.52 48.65 149.06 0.00 7,395.70 468.51 151.36 312.19 168.24
Enterprise Value to Free Cash Flow (EV/FCFF)		 306.29 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.95 1.09 1.60 0.97 0.87 1.12 1.15 0.00 0.00 0.00
Long-Term Debt to Equity		 0.58 1.09 1.57 0.97 0.87 1.12 1.15 0.00 0.00 0.00
Financial Leverage		 0.21 0.46 0.36 0.11 0.30 0.54 -0.37 -0.97 -0.97 -1.02
Leverage Ratio		 2.58 2.94 2.76 2.31 2.37 2.74 2.55 2.00 1.86 1.73
Compound Leverage Factor		 1.69 1.98 2.63 2.31 2.51 2.62 2.38 1.96 1.84 1.71
Debt to Total Capital		 48.75% 52.24% 61.48% 49.17% 46.42% 52.82% 53.49% 0.00% 0.00% 0.14%
Short-Term Debt to Total Capital		 18.84% 0.00% 1.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.14%
Long-Term Debt to Total Capital		 29.91% 52.24% 60.47% 49.17% 46.42% 52.82% 53.49% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 51.25% 47.76% 38.52% 50.83% 53.58% 47.18% 46.51% 100.00% 100.00% 99.86%
Debt to EBITDA		 9.96 104.84 -27.76 -200.00 -18.56 -15.12 -22.04 0.00 0.00 -0.01
Net Debt to EBITDA		 0.88 34.73 -9.67 -43.84 -0.50 -10.28 -0.43 0.00 0.00 8.76
Long-Term Debt to EBITDA		 6.11 104.84 -27.30 -200.00 -18.56 -15.12 -22.04 0.00 0.00 0.00
Debt to NOPAT		 -16.65 -8.14 -9.12 -10.10 -7.98 -9.09 -8.20 0.00 0.00 -0.01
Net Debt to NOPAT		 -1.47 -2.70 -3.18 -2.21 -0.21 -6.18 -0.16 0.00 0.00 6.47
Long-Term Debt to NOPAT		 -10.21 -8.14 -8.97 -10.10 -7.98 -9.09 -8.20 0.00 0.00 0.00
Altman Z-Score		 4.54 1.80 0.86 3.23 5.30 3.47 4.31 8.52 6.57 7.11
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Current Ratio		 1.40 2.23 2.77 3.10 4.23 1.40 2.96 1.93 2.12 2.92
Quick Ratio		 1.23 1.92 2.50 2.82 3.95 1.16 2.67 1.66 1.85 2.62
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 20 -19 -34 -87 -60 -553 -180 -22 -21 -33
Operating Cash Flow to CapEx		 467.61% 229.39% 121.64% 121.36% -12.39% 4.01% 34.47% 76.91% 23.13% 75.74%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 -57.83 -6.70 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 20.55 -0.33 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 3.62 -2.98 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.56 0.49 0.41 0.36 0.33 0.43 0.71 0.94 0.74 0.64
Accounts Receivable Turnover		 16.39 13.94 12.07 11.96 13.68 14.98 14.67 15.25 14.14 15.53
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 19.16 12.76 9.18 8.59 9.07 8.50 6.93 6.25 5.79 5.07
Accounts Payable Turnover		 23.83 21.90 29.96 29.61 24.20 16.14 14.52 16.79 20.16 21.75
Days Sales Outstanding (DSO)		 22.27 26.19 30.23 30.52 26.68 24.36 24.88 23.94 25.81 23.50
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 15.32 16.67 12.18 12.33 15.08 22.62 25.15 21.74 18.10 16.78
Cash Conversion Cycle (CCC)		 6.95 9.52 18.05 18.20 11.60 1.74 -0.26 2.20 7.71 6.72
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 561 611 652 691 658 668 162 4.66 1.80 5.39
Invested Capital Turnover		 1.19 0.99 0.84 0.74 0.61 0.76 2.88 60.06 41.79 -44.83
Increase / (Decrease) in Invested Capital		 -50 -41 -39 33 -10 506 158 2.86 -3.59 16
Enterprise Value (EV)		 6,123 2,708 1,779 4,634 6,833 4,193 2,153 1,434 1,060 908
Market Capitalization		 6,079 2,545 1,545 4,514 6,818 3,904 2,149 1,536 1,158 1,021
Book Value per Share		 $8.57 $7.65 $7.29 $10.04 $11.94 $7.88 $3.66 $2.56 $2.50 $3.05
Tangible Book Value per Share		 ($1.49) ($3.17) ($4.16) ($1.85) ($0.07) ($6.36) ($0.28) $1.96 $1.80 $2.27
Total Capital		 1,010 939 1,088 1,122 1,201 804 342 107 100 118
Total Debt		 492 490 669 552 557 425 183 0.00 0.00 0.16
Total Long-Term Debt		 302 490 658 552 557 425 183 0.00 0.00 0.00
Net Debt		 44 162 233 121 15 289 3.59 -102 -98 -113
Capital Expenditures (CapEx)		 29 31 30 26 24 14 13 12 15 7.13
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -99 -92 -86 -77 -72 -83 -35 -39 -32 -25
Debt-free Net Working Capital (DFNWC)		 350 236 350 354 470 53 145 63 66 88
Net Working Capital (NWC)		 160 236 339 354 470 53 145 63 66 88
Net Nonoperating Expense (NNE)		 8.95 5.14 36 58 68 24 13 7.33 11 7.68
Net Nonoperating Obligations (NNO)		 44 162 233 121 15 289 3.59 -102 -98 -113
Total Depreciation and Amortization (D&A)		 97 96 87 108 98 59 34 23 19 12
Debt-free, Cash-free Net Working Capital to Revenue		 -14.18% -14.66% -15.15% -15.36% -17.91% -26.16% -14.31% -20.08% -21.29% -23.02%
Debt-free Net Working Capital to Revenue		 50.27% 37.85% 61.86% 71.00% 116.79% 16.92% 59.99% 32.49% 44.24% 80.54%
Net Working Capital to Revenue		 22.94% 37.85% 59.93% 71.00% 116.79% 16.92% 59.99% 32.49% 44.24% 80.40%
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.64) ($1.12) ($1.90) ($2.00) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 60.11M 58.35M 57.30M 56.39M 0.00 0.00 0.00 0.00 0.00 0.00
Adjusted Diluted Earnings per Share		 ($0.64) ($1.12) ($1.90) ($2.00) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 60.11M 58.35M 57.30M 56.39M 0.00 0.00 0.00 0.00 0.00 0.00
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 60.73M 59.07M 57.74M 56.93M 0.00 0.00 0.00 0.00 0.00 0.00
Normalized Net Operating Profit after Tax (NOPAT)		 -24 -53 -63 -51 -59 -47 -22 -19 -25 -17
Normalized NOPAT Margin		 -3.48% -8.41% -11.18% -10.29% -14.67% -14.81% -9.25% -9.71% -16.64% -15.97%
Pre Tax Income Margin		 -4.43% -9.90% -18.75% -22.28% -33.82% -26.42% -16.26% -13.65% -23.92% -22.82%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 -73.41 -14.38 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 -36.08 -7.82 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 -90.34 -17.04 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 -53.02 -10.48 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% -17.43% -99.94% 0.00% 0.00% 0.00% -0.02% 0.00%

Quarterly Metrics And Ratios for Q2

This table displays calculated financial ratios and metrics derived from Q2's official financial filings.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 14.64% 12.91% 12.94% 11.88% 8.17% 10.63% 7.06% 10.14% 14.12% 11.11% 14.21%
EBITDA Growth		 151.42% 288.10% 54,373.68% 983.57% 1,651.43% 145.60% 100.28% 72.50% 133.09% -482.07% -67.64%
EBIT Growth		 104.23% 85.84% 42.20% 41.30% 31.65% 43.15% 14.80% 0.77% 2.02% -33.38% 7.65%
NOPAT Growth		 120.00% 98.94% 44.76% 42.11% 33.09% 44.54% 14.47% 0.48% 0.93% -84.93% -17.93%
Net Income Growth		 134.34% 100.91% 49.08% 44.71% -2,582.75% 44.22% 16.64% 6.34% 97.81% -27.70% 12.01%
EPS Growth		 130.43% 103.33% 50.00% 46.34% -2,200.00% 47.37% 16.67% 6.82% 97.56% -26.67% 14.29%
Operating Cash Flow Growth		 223.99% 17.66% 158.16% 175.71% 245.04% -16.61% 157.22% 240.24% 186.49% 11.11% 145.24%
Free Cash Flow Firm Growth		 108.29% 73.53% 13.71% 1.49% 13.40% 73.80% 356.59% 2,834.51% 159.65% 136.27% 115.18%
Invested Capital Growth		 -10.18% -8.11% -9.53% -7.87% -6.25% -6.30% -8.83% -8.13% -6.05% -5.66% -3.97%
Revenue Q/Q Growth		 3.65% 4.58% 1.23% 4.46% 2.09% 4.61% 0.28% 1.00% 4.41% 1.24% 3.17%
EBITDA Q/Q Growth		 5.00% 98.55% 4.03% 15.93% 62.08% 27,768.42% 101.69% -329.80% 104.22% -68.15% -68.66%
EBIT Q/Q Growth		 123.80% 80.59% 4.51% 4.23% 20.25% 20.75% 3.01% -11.51% 33.67% -18.78% -12.95%
NOPAT Q/Q Growth		 1,588.21% 98.51% 6.59% 3.40% 21.27% 22.25% 2.10% -11.65% 34.75% -19.92% -13.90%
Net Income Q/Q Growth		 2,798.17% 101.39% 9.67% 5.66% 23.43% 21.96% 1.93% -4,477.91% 98.41% -16.62% -10.19%
EPS Q/Q Growth		 600.00% 105.00% 9.09% 4.35% 23.33% 25.00% 2.44% -4,000.00% 98.25% -18.75% -9.09%
Operating Cash Flow Q/Q Growth		 1.15% -0.50% 20.04% 168.16% -63.27% 118.33% 28.20% 235.59% -91.12% 573.47% 169.90%
Free Cash Flow Firm Q/Q Growth		 30.30% -4.60% 25.09% 33.95% 8.56% -37.48% 11.64% 49.67% 66.37% 64.24% 768.63%
Invested Capital Q/Q Growth		 -1.89% -2.77% -3.38% -2.55% 0.37% -4.26% -1.61% -0.84% 0.31% -6.84% -0.85%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 53.23% 52.63% 50.88% 50.22% 49.70% 50.21% 47.84% 47.78% 47.90% 45.18% 46.19%
EBITDA Margin		 11.37% 11.23% 5.91% 5.75% 5.19% 3.27% 0.01% -0.73% 0.32% -7.92% -4.77%
Operating Margin		 1.15% -0.86% -7.31% -7.93% -8.57% -11.11% -14.95% -15.32% -13.85% -22.17% -18.72%
EBIT Margin		 0.34% -1.50% -8.09% -8.57% -9.35% -11.97% -15.80% -16.34% -14.80% -23.30% -19.86%
Profit (Net Income) Margin		 2.51% 0.09% -6.74% -7.55% -8.36% -11.15% -14.95% -15.29% -0.34% -22.12% -19.20%
Tax Burden Percent		 90.71% 8.47% 123.70% 119.04% 112.65% 112.85% 104.54% 102.07% 103.61% 102.32% 101.72%
Interest Burden Percent		 801.22% -70.45% 67.38% 74.01% 79.40% 82.55% 90.49% 91.66% 2.20% 92.79% 95.06%
Effective Tax Rate		 9.29% 91.53% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 1.30% -0.09% -5.69% -5.84% -6.03% -7.69% -9.53% -9.48% -8.40% -13.07% -10.10%
ROIC Less NNEP Spread (ROIC-NNEP)		 4.90% 0.20% -7.72% -7.98% -8.19% -10.46% -12.51% -12.47% -2.24% -18.53% -14.34%
Return on Net Nonoperating Assets (RNNOA)		 0.74% 0.04% -2.30% -2.80% -3.29% -4.77% -6.70% -6.67% -1.18% -6.63% -5.91%
Return on Equity (ROE)		 2.04% -0.04% -7.99% -8.64% -9.32% -12.46% -16.23% -16.15% -9.57% -19.70% -16.01%
Cash Return on Invested Capital (CROIC)		 7.61% 3.41% 3.24% 0.43% -2.28% -3.03% -1.28% -2.32% -4.60% -5.09% -4.75%
Operating Return on Assets (OROA)		 0.19% -0.84% -4.46% -4.64% -4.94% -5.86% -7.66% -7.78% -6.79% -9.64% -8.07%
Return on Assets (ROA)		 1.40% 0.05% -3.71% -4.09% -4.42% -5.46% -7.25% -7.28% -0.15% -9.15% -7.80%
Return on Common Equity (ROCE)		 2.04% -0.04% -7.99% -8.64% -9.32% -12.46% -16.23% -16.15% -9.57% -19.70% -16.01%
Return on Equity Simple (ROE_SIMPLE)		 -3.66% 0.00% -11.47% -14.18% -16.93% 0.00% -18.08% -19.11% -19.57% 0.00% -23.69%
Net Operating Profit after Tax (NOPAT)		 1.99 -0.13 -8.96 -9.59 -9.93 -13 -16 -17 -15 -23 -19
NOPAT Margin		 1.05% -0.07% -5.12% -5.55% -6.00% -7.78% -10.47% -10.72% -9.70% -15.52% -13.10%
Net Nonoperating Expense Percent (NNEP)		 -3.60% -0.29% 2.03% 2.14% 2.15% 2.76% 2.98% 2.99% -6.16% 5.46% 4.24%
Return On Investment Capital (ROIC_SIMPLE)		 0.19% -0.01% - - - -1.34% - - - -2.09% -
Cost of Revenue to Revenue		 46.77% 47.37% 49.12% 49.78% 50.30% 49.79% 52.16% 52.22% 52.10% 54.82% 53.81%
SG&A Expenses to Revenue		 17.04% 16.38% 18.00% 18.09% 18.23% 18.68% 18.12% 17.55% 16.14% 16.17% 15.62%
R&D to Revenue		 19.95% 19.52% 21.08% 20.68% 21.06% 21.14% 22.29% 22.06% 22.50% 23.23% 22.87%
Operating Expenses to Revenue		 52.07% 53.49% 58.20% 58.15% 58.27% 61.32% 62.79% 63.09% 61.76% 67.35% 64.90%
Earnings before Interest and Taxes (EBIT)		 0.65 -2.75 -14 -15 -15 -19 -24 -25 -23 -34 -29
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 22 21 10 9.95 8.58 5.30 0.02 -1.13 0.49 -12 -6.91
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 8.91 11.74 9.71 7.54 6.63 5.68 4.28 4.07 3.24 3.69 4.29
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 6.74 8.73 7.12 5.53 4.84 4.08 3.10 3.00 2.43 2.73 3.35
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 8.83 10.91 8.47 6.26 5.27 4.43 3.26 3.09 2.50 2.73 3.02
Enterprise Value to Revenue (EV/Rev)		 6.75 8.79 7.24 5.71 5.07 4.34 3.42 3.35 2.80 3.14 3.84
Enterprise Value to EBITDA (EV/EBITDA)		 77.92 123.87 143.11 156.96 252.94 578.84 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 29.33 45.10 37.83 36.41 40.46 38.52 26.85 29.78 36.41 48.65 65.74
Enterprise Value to Free Cash Flow (EV/FCFF)		 109.77 306.29 248.41 1,402.76 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.90 0.95 0.99 1.02 1.06 1.09 1.11 1.11 1.11 1.60 1.55
Long-Term Debt to Equity		 0.55 0.58 0.99 1.02 1.06 1.09 1.11 1.11 1.11 1.57 1.53
Financial Leverage		 0.15 0.21 0.30 0.35 0.40 0.46 0.54 0.54 0.53 0.36 0.41
Leverage Ratio		 2.55 2.58 2.62 2.63 2.67 2.94 2.88 2.85 2.88 2.76 2.68
Compound Leverage Factor		 20.44 -1.82 1.76 1.94 2.12 2.43 2.61 2.61 0.06 2.56 2.55
Debt to Total Capital		 47.47% 48.75% 49.84% 50.56% 51.36% 52.24% 52.63% 52.58% 52.69% 61.48% 60.82%
Short-Term Debt to Total Capital		 18.35% 18.84% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.00% 0.99%
Long-Term Debt to Total Capital		 29.12% 29.91% 49.84% 50.56% 51.36% 52.24% 52.63% 52.58% 52.69% 60.47% 59.83%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 52.53% 51.25% 50.16% 49.45% 48.64% 47.76% 47.37% 47.42% 47.31% 38.52% 39.18%
Debt to EBITDA		 7.90 9.96 14.39 20.61 38.45 104.84 -40.07 -25.56 -22.11 -27.76 -70.76
Net Debt to EBITDA		 0.09 0.88 2.41 4.90 11.61 34.73 -16.12 -10.82 -9.72 -9.67 -28.56
Long-Term Debt to EBITDA		 4.84 6.11 14.39 20.61 38.45 104.84 -40.07 -25.56 -22.11 -27.30 -69.60
Debt to NOPAT		 -27.20 -16.65 -11.97 -10.16 -8.87 -8.14 -6.96 -6.69 -6.68 -9.12 -10.62
Net Debt to NOPAT		 -0.29 -1.47 -2.00 -2.42 -2.68 -2.70 -2.80 -2.83 -2.94 -3.18 -4.29
Long-Term Debt to NOPAT		 -16.69 -10.21 -11.97 -10.16 -8.87 -8.14 -6.96 -6.69 -6.68 -8.97 -10.45
Altman Z-Score		 3.64 4.66 3.77 2.86 2.43 2.00 1.48 1.43 1.11 1.05 1.31
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.43 1.40 2.50 2.44 2.38 2.23 2.25 2.25 2.12 2.77 3.00
Quick Ratio		 1.27 1.23 2.21 2.14 2.04 1.92 1.90 1.89 1.76 2.50 2.70
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 64 49 52 41 31 28 46 41 27 16 9.98
Operating Cash Flow to CapEx		 763.84% 695.35% 530.61% 495.19% 181.20% 541.64% 224.30% 139.91% 54.99% 803.79% 65.05%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.56 0.56 0.55 0.54 0.53 0.49 0.48 0.48 0.46 0.41 0.41
Accounts Receivable Turnover		 12.33 16.39 13.20 13.36 13.54 13.94 12.55 14.13 15.30 12.07 10.39
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 21.87 19.16 17.09 15.62 14.02 12.76 11.72 10.79 10.05 9.18 8.74
Accounts Payable Turnover		 25.57 23.83 23.71 23.31 24.56 21.90 24.02 23.61 23.08 29.96 35.33
Days Sales Outstanding (DSO)		 29.60 22.27 27.66 27.31 26.96 26.19 29.08 25.82 23.85 30.23 35.14
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 14.28 15.32 15.39 15.66 14.86 16.67 15.19 15.46 15.81 12.18 10.33
Cash Conversion Cycle (CCC)		 15.32 6.95 12.26 11.66 12.10 9.52 13.89 10.37 8.04 18.05 24.81
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 551 561 577 598 613 611 638 649 654 652 700
Invested Capital Turnover		 1.24 1.19 1.11 1.05 1.01 0.99 0.91 0.88 0.87 0.84 0.77
Increase / (Decrease) in Invested Capital		 -62 -50 -61 -51 -41 -41 -62 -57 -42 -39 -29
Enterprise Value (EV)		 4,864 6,123 4,891 3,743 3,230 2,708 2,083 2,005 1,637 1,779 2,115
Market Capitalization		 4,859 6,079 4,809 3,626 3,082 2,545 1,886 1,798 1,422 1,545 1,845
Book Value per Share		 $8.98 $8.57 $8.21 $8.00 $7.82 $7.65 $7.55 $7.58 $7.60 $7.29 $7.51
Tangible Book Value per Share		 ($0.95) ($1.49) ($1.97) ($2.34) ($2.74) ($3.17) ($3.43) ($3.54) ($3.70) ($4.16) ($3.99)
Total Capital		 1,038 1,010 987 972 956 939 931 931 928 1,088 1,098
Total Debt		 493 492 492 491 491 490 490 489 489 669 668
Total Long-Term Debt		 302 302 492 491 491 490 490 489 489 658 657
Net Debt		 5.32 44 82 117 148 162 197 207 215 233 270
Capital Expenditures (CapEx)		 5.70 6.19 8.15 7.28 7.42 6.75 7.47 9.34 7.08 5.46 10
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -110 -99 -94 -84 -77 -92 -72 -72 -76 -86 -54
Debt-free Net Working Capital (DFNWC)		 377 350 316 290 266 236 221 210 198 350 344
Net Working Capital (NWC)		 187 160 316 290 266 236 221 210 198 339 333
Net Nonoperating Expense (NNE)		 -2.77 -0.30 2.84 3.47 3.91 5.47 6.95 7.05 -14 9.67 8.83
Net Nonoperating Obligations (NNO)		 5.32 44 82 117 148 162 197 207 215 233 270
Total Depreciation and Amortization (D&A)		 21 23 25 25 24 25 25 24 23 23 22
Debt-free, Cash-free Net Working Capital to Revenue		 -15.33% -14.18% -13.94% -12.87% -12.07% -14.66% -11.86% -12.02% -12.96% -15.15% -9.89%
Debt-free Net Working Capital to Revenue		 52.33% 50.27% 46.71% 44.27% 41.73% 37.85% 36.22% 35.12% 33.91% 61.86% 62.42%
Net Working Capital to Revenue		 25.89% 22.94% 46.71% 44.27% 41.73% 37.85% 36.22% 35.12% 33.91% 59.93% 60.45%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.08 $0.01 ($0.20) ($0.22) ($0.23) ($0.30) ($0.40) ($0.41) ($0.01) ($0.57) ($0.48)
Adjusted Weighted Average Basic Shares Outstanding		 61.22M 60.11M 60.31M 60.16M 59.45M 58.35M 58.49M 58.29M 57.89M 57.30M 57.36M
Adjusted Diluted Earnings per Share		 $0.07 $0.01 ($0.20) ($0.22) ($0.23) ($0.30) ($0.40) ($0.41) ($0.01) ($0.57) ($0.48)
Adjusted Weighted Average Diluted Shares Outstanding		 64.82M 60.11M 60.31M 60.16M 59.45M 58.35M 58.49M 58.29M 57.89M 57.30M 57.36M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 62.30M 60.73M 60.40M 60.28M 60.10M 59.07M 58.64M 58.45M 58.20M 57.74M 57.52M
Normalized Net Operating Profit after Tax (NOPAT)		 3.81 0.58 -6.77 -8.92 -9.14 -10 -14 -15 -13 -18 -15
Normalized NOPAT Margin		 2.01% 0.32% -3.87% -5.16% -5.52% -6.31% -8.97% -9.67% -8.80% -11.95% -10.27%
Pre Tax Income Margin		 2.76% 1.06% -5.45% -6.35% -7.42% -9.88% -14.30% -14.98% -0.33% -21.62% -18.88%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Frequently Asked Questions About Q2's Financials

When does Q2's financial year end?

According to the most recent income statement we have on file, Q2's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Q2's net income changed over the last 9 years?

Q2's net income appears to be on an upward trend, with a most recent value of -$38.54 million in 2024, rising from -$25.06 million in 2015. The previous period was -$65.38 million in 2023. See where experts think Q2 is headed by visiting Q2's forecast page.

What is Q2's operating income?
Q2's total operating income in 2024 was -$42.26 million, based on the following breakdown:
  • Total Gross Profit: $354.48 million
  • Total Operating Expenses: $396.74 million
How has Q2 revenue changed over the last 9 years?

Over the last 9 years, Q2's total revenue changed from $108.87 million in 2015 to $696.46 million in 2024, a change of 539.7%.

How much debt does Q2 have?

Q2's total liabilities were at $777.00 million at the end of 2024, a 3.2% increase from 2023, and a 798.3% increase since 2015.

How much cash does Q2 have?

In the past 9 years, Q2's cash and equivalents has ranged from $54.87 million in 2016 to $407.70 million in 2020, and is currently $358.56 million as of their latest financial filing in 2024.

How has Q2's book value per share changed over the last 9 years?

Over the last 9 years, Q2's book value per share changed from 3.05 in 2015 to 8.57 in 2024, a change of 181.3%.


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This page (NYSE:QTWO) was last updated on 5/30/2025 by MarketBeat.com Staff
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