Q2 CFO David Mehok Wins Best CFO Award

Austin Business Journal names Mehok Best CFO in the Public Company category

AUSTIN, Texas--(BUSINESS WIRE)-- Q2 Holdings, Inc. (NYSE: QTWO), a leading provider of digital transformation solutions for financial services, today announced that Q2 Chief Financial Officer David Mehok has been recognized as the Best CFO Award by Austin Business Journal in the Public Company category.

Since joining Q2 Holdings in 2020, Mehok has overseen the company's revenue growth to approximately $625 million for the full year of 2023, an increase of approximately 53 percent. During the same period, adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) grew to approximately $77 million, reflecting growth of 246 percent. Additionally, mid-points of the company’s 2024 financial guidance provided in May reflect continued strong growth and profit expansion with revenue of $689 million and adjusted EBITDA of $112 million. As previously communicated, Q2 Holdings is also targeting an average annual subscription revenue growth of 14 percent and an average annual adjusted EBITDA margin expansion of 300-400 basis points for the three years of 2024 to 2026. This substantial growth in revenue and adjusted EBITDA demonstrates Mehok’s ability to help drive operational efficiency and improved profitability with continued strategic growth.

“I’ve seen firsthand the invaluable impact a CFO can have on a company’s success,” said Q2 Chairman and CEO Matt Flake. “David’s visionary financial leadership led Q2 an impressive year of financial performance in 2023. His financial acumen and unwavering dedication guided Q2 to record revenue growth, profitability, and significant global expansion. All of this, as well as Q2 being recognized as a Top-Workplace in the country, record customer satisfaction ratings, and noteworthy stock price performance.”

Mehok continually demonstrates that the Chief Financial Officer (CFO) role goes far beyond accounting and financial planning. While these skills are critical to any business, Mehok addresses the organization holistically, nurtures partnerships and establishes trust both internally and externally with new and existing customers while also leading forward-thinking strategic planning. Mehok oversees all aspects of global financial and accounting operations, compliance, controls, investor relations, legal and enterprise systems, including supporting and enhancing Q2’s growth initiatives and financial statement optimization.

“Q2 has a clear and enduring mission to build strong and diverse communities by strengthening their financial institutions,” said Mehok. “The company’s success since its founding almost 20 years ago has been rooted in ensuring we provide the best technology to empower banks and credit unions to not only survive but thrive for their communities. I am truly honored to work with a team of talented individuals who are dedicated to fulfilling our mission and serving our customers and one another.”

About Q2 Holdings, Inc.

Q2 is a leading provider of digital transformation solutions for financial services, serving banks, credit unions, alternative finance companies, and fintechs in the U.S. and internationally. Q2 enables its financial institution and fintech customers to provide comprehensive, data-driven digital engagement solutions for customers, small businesses and corporate clients. Headquartered in Austin, Texas, Q2 has offices worldwide and is publicly traded on the NYSE under the stock symbol QTWO. To learn more, please visit Q2.com. Follow us on LinkedIn and X to stay up to date.

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Jean Kondo

Jean.kondo@q2.com

510-823-4728

Source: Q2 Holdings, Inc.