Q2 Holdings reports Q1 adjusted EBITDA $40.7M vs. $25.2M last year

Reports Q1 revenue $189.7M, consensus $186.5M. “We delivered strong results to start the year with solid performance across the business,” said Q2 Chairman and CEO Matt Flake. “Our first quarter bookings performance was marked by significant renewals and expansion activity, demonstrating the enduring value of our solutions to our customers. We believe the criticality of our technology, the breadth of our customer base, and our resilient business model-combined with a robust pipeline and strong renewal opportunity ahead – position us well to navigate and execute in the current market environment.”