Q2 Holdings (QTWO) r&d spend was $154M in FY2025 (+8% YoY). The tables below show the complete quarterly and annual r&d spend history, sourced from SEC EDGAR 10-K and 10-Q filings.
Annual R&D Spend
Fiscal Year
R&D Spend
YoY
2025
$154M
+8%
2024
$143M
+4%
2023
$137M
+6%
2022
$130M
+11%
2021
$117M
+20%
2020
$97M
+28%
2019
$76M
+49%
2018
$51M
+27%
2017
$40M
+24%
2016
$32M
+51%
2015
$22M
+78%
2014
$12M
+34%
2013
$9M
+70%
2012
$5M
Recent Quarterly R&D Spend
Quarter
R&D Spend
Q2 2026
$41M
Q1 2026
$42M
Q4 2025
$41M
Q3 2025
$39M
Q2 2025
$37M
Q1 2025
$38M
Q4 2024
$36M
Q3 2024
$37M
Q2 2024
$36M
Q1 2024
$35M
Q4 2023
$34M
Q3 2023
$35M
Source: QTWO on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.