Q2 Holdings (QTWO)

Cash ratio

		Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020
Cash and cash equivalents	US$ in thousands	414,275	383,902	358,560	320,294	306,340	278,779	229,655	155,993	118,229	121,256	199,600	192,574	211,127	225,544	322,848	294,771	317,949	370,700	407,703	365,201
Short-term investments	US$ in thousands	117,797	102,147	88,066	87,558	68,227	63,939	94,353	134,789	161,777	150,478	233,753	203,116	188,222	188,144	104,878	99,805	93,342	157,860	131,352	30,908
Total current liabilities	US$ in thousands	732,281	432,160	398,900	210,804	201,204	192,652	191,563	176,092	168,899	176,901	192,042	166,228	160,291	171,847	168,358	163,938	153,035	153,403	145,826	145,055
Cash ratio		0.73	1.12	1.12	1.93	1.86	1.78	1.69	1.65	1.66	1.54	2.26	2.38	2.49	2.41	2.54	2.41	2.69	3.45	3.70	2.73

June 30, 2025 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($414,275K + $117,797K) ÷ $732,281K
= 0.73

Peer comparison

Jun 30, 2025

Company name

Symbol

Cash ratio

Q2 Holdings

QTWO

0.73

Bentley Systems Inc

Guidewire Software Inc