TORVANTA
Other · S&P 500 · data as of 2026-10-05

QTWO stock analysis: QTWO

QTWO (QTWO) is an S&P 500 company in Other. It grades strongest on growth and weakest on value.

The model's view of QTWO · subscribers

Where QTWO ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with QTWO · updated 2026-10-05 · from prices and SEC filings

QTWO price performance

QTWO against the S&P 500, one year
-40%-20%+0%+20%S&P 500 +18%QTWO -21%2025-09-292026-10-05
Year to date-19.3%S&P 500 +14.5% · behind by 33.8 pts
1 year-13.9%S&P 500 +17.0% · behind by 30.9 pts
3 years+84.9%S&P 500 +89.3% · behind by 4.3 pts
5 years-23.8%S&P 500 +91.3% · behind by 115.1 pts

Total returns with dividends reinvested.

QTWO factor grades

Each grade compares QTWO with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

C-ValueP/E 41.6x (industry 20.1x)FCF yield 5.9% (industry 6.0%)
A-GrowthRevenue growth +14% (industry +8%)
BProfitabilityOperating margin 10.0% (industry 9.6%)ROIC 14.7% (industry 10.1%)
CMomentum12-month change -14%From 52-wk high -23%

QTWO in plain numbers

QTWO key statistics

SectorOther
Industryn/a
IndexS&P 500
Market value$3.6B
Revenue growth (y/y)+14%
Free-cash-flow yield5.9%
Dividend yieldn/a
Next earnings (expected)2026-11-04
Valuation measures
Market value$3.6B
Enterprise value$3.5B
P/E (trailing)41.6x
Forward P/E (Torvanta estimate)27.7x
PEG (Torvanta estimate)0.55
Price / sales4.3x
Price / book5.6x
EV / revenue4.2x
EV / EBITDA26.2x
Financial highlights
Revenue, last 12 months$846.2M
Net income, last 12 months$92.0M
EPS, last 12 months (GAAP)$1.40
Gross margin57.0%
Operating margin10.0%
Net margin10.9%
Return on equity15.0%
Return on invested capital14.7%
Cash$99.9M
Total debt$0
Free cash flow, last 12 months$213.2M
Current ratio0.94x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

QTWO earnings trends

Revenue vs earnings
-$11.8M$46.1M$104.0M$161.9M$219.8MSep 2024 Revenue: $175.0MDec 2024 Revenue: $183.0MMar 2025 Revenue: $189.7MJun 2025 Revenue: $195.1MSep 2025 Revenue: $201.7MDec 2025 Revenue: $208.2MMar 2026 Revenue: $216.5MJun 2026 Revenue: $219.8MSep 2024 Net income: -$11.8MDec 2024 Net income: $164KMar 2025 Net income: $4.8MJun 2025 Net income: $11.8MSep 2025 Net income: $15.0MDec 2025 Net income: $20.4MMar 2026 Net income: $26.6MJun 2026 Net income: $29.9MSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: -6.7%Net margin: 0.1%Net margin: 2.5%Net margin: 6.0%Net margin: 7.5%Net margin: 9.8%Net margin: 12.3%Net margin: 13.6%-7%3%14%■ Revenue ■ Net income ━ Net margin
Earnings per share$-0.2$-0.0$0.1$0.3$0.5Sep 2024 EPS (GAAP, diluted): $-0.2Dec 2024 EPS (GAAP, diluted): $0.0Mar 2025 EPS (GAAP, diluted): $0.1Jun 2025 EPS (GAAP, diluted): $0.2Sep 2025 EPS (GAAP, diluted): $0.2Dec 2025 EPS (GAAP, diluted): $0.3Mar 2026 EPS (GAAP, diluted): $0.4Jun 2026 EPS (GAAP, diluted): $0.5Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Dec 2025 +3000% · Mar 2026 +471% · Jun 2026 +156%

From the company's 10-Q and 10-K filings with the SEC.

QTWO financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$498.7M$565.7M$624.6M$696.5M$794.8M
Net income-$112.7M-$109.0M-$65.4M-$38.5M$52.0M
EPS (GAAP)$-2.00$-1.89$-1.13$-0.64$0.79
Free cash flow$11.2M$25.4M$64.6M$129.1M$194.7M

QTWO earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-07-29$0.46+156%+13%-0.4%
2026-04-29$0.40+471%+14%+0.2%
2026-02-11$0.31+3000%+14%-6.9%
2025-11-05$0.23n/a+15%+16.7%
2025-07-30$0.18n/a+13%-9.7%
2025-05-07$0.07n/a+15%+13.4%

About QTWO

HeadquartersAustin, TX
Industry (SEC code)Services-Prepackaged Software
Fiscal year endsDecember 31
Listed onNYSE
FormerlyCBG Holdings, Inc., CBG Holdings Inc

From the company's SEC registration record.

Companies similar to QTWO

CompanyMarket valueP/ERevenue growthOperating margin12-month change
QTWO QTWO$3.6B41.6x+14%10.0%-14%
GNW GNW$3.6B18.1x+2%n/a+7%compare
RNST RNST$3.6B11.7xn/an/a+10%compare
WSBC WSBC$3.6B10.9xn/an/a+20%compare
BMI BMI$3.6B29.2x-1%18.9%-30%
IPAR IPAR$3.6B21.8x+3%17.3%+24%
BANF BANF$3.6B14.5xn/an/a-13%

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Frequently asked questions

Is QTWO stock a buy?

Torvanta does not tell individuals what to buy. Its grades for QTWO are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is QTWO's P/E ratio?

QTWO trades at about 41.6 times its last 12 months of GAAP earnings reported to the SEC, and about 27.7 times Torvanta's own estimate of the next 12 months.

When does QTWO report earnings next?

Based on its filing history, Torvanta expects QTWO to report around 2026-11-04.

How has QTWO performed against the S&P 500?

Over the past year QTWO returned -13.9%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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