Independent research on the U.S. markets, Baptista Research

Baptista Research

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. 

We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Q2 Holdings reported a solid financial performance for the third quarter of 2025, showcasing revenue of $202 million, a 15% increase year-over-year, and adjusted EBITDA of $49 million, which translates to a margin of 24.2%.</li><li>Additionally, the company produced a free cash flow of $37 million, marking a positive financial trend.</li><li>The revenue growth is predominantly attributed to an increase in subscription-based revenues, which grew by 18% year-over-year, making up 82% of the total revenue, reflecting a strategic shift toward this higher-margin revenue stream.</li></ul>

Q2 Holdings reported a solid financial performance for the third quarter of 2025, showcasing revenue of $202 million, a 15% increase year-over-year, and adjusted EBITDA of $49 million, which translates to a margin of 24.2%.Additionally, the company produced a free cash flow of $37 million, marking a positive financial trend.The revenue growth is predominantly attributed to an increase in subscription-based revenues, which grew by 18% year-over-year, making up 82% of the total revenue, reflecting a strategic shift toward this higher-margin revenue stream.

Q2 Holdings Is Leveraging Big Data—How Will Its 27 Million-User Advantage Reshape AI Adoption?

Q2 Holdings Inc

Q2 Holdings Is Leveraging Big Data—How Will Its 27 Million-User Advantage Reshape AI Adoption?