8X8 INC /DE/ vs Q2 Holdings, Inc.
Side-by-Side SaaS Metrics & Valuation Comparison
Summary Verdict
EGHT: 1—QTWO: 4wins
Rule of 40
10.3EGHT
32.5QTWO
check_circleQTWO leads
Revenue Growth
2.0%EGHT
19.6%QTWO
check_circleQTWO leads
Gross Margin
66%EGHT
57%QTWO
check_circleEGHT leads
FCF Margin
8.3%EGHT
12.9%QTWO
check_circleQTWO leads
Operating Margin
3.4%EGHT
9.3%QTWO
check_circleQTWO leads
NRR
—EGHT
—QTWO
Metric
Rule of 40Efficiency score
EGHT
10.3
QTWO
32.5check_circle
Revenue GrowthYoY
EGHT
2.0%
QTWO
19.6%check_circle
Gross Margin% of revenue
EGHT
66%check_circle
QTWO
57%
FCF MarginFree cash flow
EGHT
8.3%
QTWO
12.9%check_circle
Operating MarginGAAP
EGHT
3.4%
QTWO
9.3%check_circle
NRRNet retention
EGHT
N/A
QTWO
N/A
EV / RevenueValuation multiple
EGHT
N/A
QTWO
4.1x
Market CapUSD
EGHT
N/A
QTWO
$3.8B
ARR GrowthYoY
EGHT
N/A
QTWO
N/A
CAC PaybackMonths to recover
EGHT
N/A
QTWO
N/A
insights
Analysis
As of Q4 2025, 8X8 INC /DE/ trades at N/A EV/Revenue versus Q2 Holdings, Inc. at 4.1x. On the Rule of 40, 8X8 INC /DE/ scores 10.3 compared to Q2 Holdings, Inc.'s 32.5, placing Q2 Holdings, Inc. ahead in operating efficiency. Gross margins stand at 8X8 INC /DE/ 66% vs Q2 Holdings, Inc. 57%.
Sector Context
Both companies operate in the Vertical SaaS sector. The median columns above show where each company stands relative to their peers.