Qualys Inc Financials
This page shows Qualys Inc (QLYS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Qualys Inc has an operating margin of 33.2%, meaning the company retains $33 of operating profit per $100 of revenue. This strong profitability earns a score of 96/100, reflecting efficient cost management and pricing power. This is up from 30.8% the prior year.
Qualys Inc's revenue grew 10.1% year-over-year to $669.1M, a solid pace of expansion. This earns a growth score of 50/100.
Qualys Inc carries a low D/E ratio of 0.95, meaning only $0.95 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 83/100, indicating a strong balance sheet with room for future borrowing.
Qualys Inc's current ratio of 1.41 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 24/100, which could limit financial flexibility.
Qualys Inc converts 45.5% of revenue into free cash flow ($304.4M). This strong cash generation earns a score of 100/100.
Qualys Inc earns a strong 35.3% return on equity (ROE), meaning it generates $35 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 90/100. This is down from 36.4% the prior year.
Qualys Inc scores 4.73, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($3.1B) relative to total liabilities ($533.9M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Qualys Inc passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Qualys Inc generates $1.56 in operating cash flow ($309.4M OCF vs $198.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Qualys Inc generated $669.1M in revenue in fiscal year 2025. This represents an increase of 10.1% from the prior year.
Qualys Inc's EBITDA was $236.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 14.9% from the prior year.
Qualys Inc reported $198.3M in net income in fiscal year 2025. This represents an increase of 14.2% from the prior year.
Qualys Inc earned $5.44 per diluted share (EPS) in fiscal year 2025. This represents an increase of 17.0% from the prior year.
Cash & Balance Sheet
Qualys Inc generated $304.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 31.3% from the prior year.
Qualys Inc held $250.3M in cash against $0 in long-term debt as of fiscal year 2025.
Qualys Inc had 36M shares outstanding in fiscal year 2025. This represents a decrease of 2.2% from the prior year.
Margins & Returns
Qualys Inc's gross margin was 82.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 1.2 percentage points from the prior year.
Qualys Inc's operating margin was 33.2% in fiscal year 2025, reflecting core business profitability. This is up 2.4 percentage points from the prior year.
Qualys Inc's net profit margin was 29.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.1 percentage points from the prior year.
Qualys Inc's ROE was 35.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 1.1 percentage points from the prior year.
Capital Allocation
Qualys Inc invested $117.3M in research and development in fiscal year 2025. This represents an increase of 4.9% from the prior year.
Qualys Inc spent $183.4M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 31.1% from the prior year.
Qualys Inc invested $5.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 59.5% from the prior year.
QLYS Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $175.3M+3.2% | $169.9M+3.5% | $164.1M+2.6% | $159.9M+0.4% | $159.2M+3.5% | $153.9M+3.5% | $148.7M+2.0% | $145.8M |
| Cost of Revenue | $29.2M+4.9% | $27.8M-3.7% | $28.9M-0.2% | $28.9M-0.4% | $29.0M+0.7% | $28.8M+9.2% | $26.4M-2.9% | $27.2M |
| Gross Profit | $146.1M+2.8% | $142.1M+5.1% | $135.2M+3.2% | $131.0M+0.6% | $130.2M+4.1% | $125.0M+2.2% | $122.3M+3.1% | $118.6M |
| R&D Expenses | $29.0M+0.1% | $28.9M-4.4% | $30.2M+3.8% | $29.2M+3.0% | $28.3M-2.1% | $28.9M+6.6% | $27.1M-1.5% | $27.5M |
| SG&A Expenses | $18.6M+3.6% | $17.9M+1.1% | $17.7M+1.8% | $17.4M-5.3% | $18.4M-0.6% | $18.5M+23.6% | $15.0M-11.5% | $16.9M |
| Operating Income | $58.8M-1.9% | $60.0M+16.6% | $51.4M-0.7% | $51.8M+4.7% | $49.4M+9.9% | $45.0M-6.5% | $48.1M+7.4% | $44.8M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $11.3M-24.5% | $14.9M+29.6% | $11.5M+7.0% | $10.8M+9.2% | $9.9M+61.4% | $6.1M-41.3% | $10.4M+6.7% | $9.8M |
| Net Income | $53.1M+5.6% | $50.3M+6.5% | $47.3M-0.5% | $47.5M+8.1% | $44.0M-4.9% | $46.2M+5.6% | $43.8M+10.2% | $39.7M |
| EPS (Diluted) | N/A | $1.39+7.8% | $1.290.0% | $1.29 | N/A | $1.24+6.0% | $1.17+11.4% | $1.05 |
QLYS Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.1B+6.1% | $1.0B+3.3% | $999.5M+0.3% | $996.5M+2.4% | $973.5M+7.2% | $908.3M+3.6% | $876.6M+1.7% | $861.8M |
| Current Assets | $657.6M+10.2% | $596.7M+9.9% | $543.0M-9.8% | $601.9M+2.8% | $585.7M+9.1% | $536.6M+0.5% | $534.1M-11.8% | $605.4M |
| Cash & Equivalents | $250.3M+11.1% | $225.3M+16.1% | $194.0M-33.3% | $290.7M+25.2% | $232.2M-1.4% | $235.4M-16.3% | $281.2M+2.7% | $273.8M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $171.0M+33.2% | $128.4M-0.2% | $128.7M+5.9% | $121.6M-26.1% | $164.6M+43.1% | $115.0M+4.9% | $109.6M-5.2% | $115.6M |
| Goodwill | $7.4M0.0% | $7.4M0.0% | $7.4M0.0% | $7.4M0.0% | $7.4M0.0% | $7.4M0.0% | $7.4M0.0% | $7.4M |
| Total Liabilities | $533.9M+6.2% | $502.6M+2.3% | $491.3M-1.4% | $498.4M+0.4% | $496.4M+8.2% | $458.7M+2.2% | $448.8M-1.9% | $457.6M |
| Current Liabilities | $467.3M+8.2% | $431.8M+3.6% | $416.8M-3.5% | $432.0M+0.8% | $428.4M+10.3% | $388.5M+4.5% | $371.8M-4.9% | $391.1M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $561.2M+6.0% | $529.4M+4.2% | $508.2M+2.0% | $498.0M+4.4% | $477.1M+6.1% | $449.6M+5.1% | $427.8M+5.8% | $404.2M |
| Retained Earnings | -$166.7M+5.8% | -$176.9M+1.6% | -$179.7M0.0% | -$179.7M+5.0% | -$189.2M+1.7% | -$192.6M+1.6% | -$195.6M+4.9% | -$205.8M |
QLYS Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $75.7M-16.3% | $90.4M+167.6% | $33.8M-69.2% | $109.6M+129.6% | $47.7M-21.8% | $61.0M+22.5% | $49.8M-41.7% | $85.5M |
| Capital Expenditures | $724K-19.6% | $901K-32.1% | $1.3M-34.9% | $2.0M-65.1% | $5.8M+70.7% | $3.4M+233.3% | $1.0M-50.0% | $2.1M |
| Free Cash Flow | $74.9M-16.3% | $89.5M+175.8% | $32.4M-69.8% | $107.5M+156.8% | $41.9M-27.3% | $57.6M+18.1% | $48.8M-41.5% | $83.5M |
| Investing Cash Flow | -$8.6M+23.1% | -$11.2M+85.9% | -$79.1M-1025.1% | -$7.0M+41.0% | -$11.9M+81.0% | -$62.9M-1234.5% | -$4.7M-158.4% | $8.1M |
| Financing Cash Flow | -$42.1M+12.3% | -$47.9M+6.7% | -$51.4M-16.5% | -$44.1M-12.8% | -$39.1M+11.1% | -$43.9M-16.6% | -$37.7M-51.0% | -$25.0M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $44.7M-9.2% | $49.2M-1.4% | $49.9M+25.8% | $39.7M-7.1% | $42.7M-3.4% | $44.2M+26.2% | $35.0M+94.1% | $18.0M |
QLYS Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 83.4%-0.3pp | 83.6%+1.2pp | 82.4%+0.5pp | 81.9%+0.2pp | 81.8%+0.5pp | 81.3%-1.0pp | 82.2%+0.9pp | 81.3% |
| Operating Margin | 33.6%-1.7pp | 35.3%+4.0pp | 31.3%-1.0pp | 32.4%+1.3pp | 31.0%+1.8pp | 29.2%-3.1pp | 32.3%+1.6pp | 30.7% |
| Net Margin | 30.3%+0.7pp | 29.6%+0.8pp | 28.8%-0.9pp | 29.7%+2.1pp | 27.6%-2.4pp | 30.0%+0.6pp | 29.4%+2.2pp | 27.3% |
| Return on Equity | 9.5%-0.0pp | 9.5%+0.2pp | 9.3%-0.2pp | 9.5%+0.3pp | 9.2%-1.1pp | 10.3%+0.1pp | 10.2%+0.4pp | 9.8% |
| Return on Assets | 4.9%-0.0pp | 4.9%+0.2pp | 4.7%-0.0pp | 4.8%+0.3pp | 4.5%-0.6pp | 5.1%+0.1pp | 5.0%+0.4pp | 4.6% |
| Current Ratio | 1.41+0.0 | 1.38+0.1 | 1.30-0.1 | 1.39+0.0 | 1.37-0.0 | 1.38-0.1 | 1.44-0.1 | 1.55 |
| Debt-to-Equity | 0.950.0 | 0.95-0.0 | 0.97-0.0 | 1.00-0.0 | 1.04+0.0 | 1.02-0.0 | 1.05-0.1 | 1.13 |
| FCF Margin | 42.8%-9.9pp | 52.7%+32.9pp | 19.8%-47.5pp | 67.3%+40.9pp | 26.3%-11.1pp | 37.5%+4.6pp | 32.8%-24.4pp | 57.2% |
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Frequently Asked Questions
What is Qualys Inc's annual revenue?
Qualys Inc (QLYS) reported $669.1M in total revenue for fiscal year 2025. This represents a 10.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Qualys Inc's revenue growing?
Qualys Inc (QLYS) revenue grew by 10.1% year-over-year, from $607.6M to $669.1M in fiscal year 2025.
Is Qualys Inc profitable?
Yes, Qualys Inc (QLYS) reported a net income of $198.3M in fiscal year 2025, with a net profit margin of 29.6%.
What is Qualys Inc's EBITDA?
Qualys Inc (QLYS) had EBITDA of $236.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Qualys Inc's gross margin?
Qualys Inc (QLYS) had a gross margin of 82.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Qualys Inc's operating margin?
Qualys Inc (QLYS) had an operating margin of 33.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Qualys Inc's net profit margin?
Qualys Inc (QLYS) had a net profit margin of 29.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Qualys Inc's return on equity (ROE)?
Qualys Inc (QLYS) has a return on equity of 35.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Qualys Inc's free cash flow?
Qualys Inc (QLYS) generated $304.4M in free cash flow during fiscal year 2025. This represents a 31.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Qualys Inc's operating cash flow?
Qualys Inc (QLYS) generated $309.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Qualys Inc's total assets?
Qualys Inc (QLYS) had $1.1B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Qualys Inc's capital expenditures?
Qualys Inc (QLYS) invested $5.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Qualys Inc spend on research and development?
Qualys Inc (QLYS) invested $117.3M in research and development during fiscal year 2025.
What is Qualys Inc's current ratio?
Qualys Inc (QLYS) had a current ratio of 1.41 as of fiscal year 2025, which is considered adequate.
What is Qualys Inc's debt-to-equity ratio?
Qualys Inc (QLYS) had a debt-to-equity ratio of 0.95 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Qualys Inc's return on assets (ROA)?
Qualys Inc (QLYS) had a return on assets of 18.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Qualys Inc's Altman Z-Score?
Qualys Inc (QLYS) has an Altman Z-Score of 4.73, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Qualys Inc's Piotroski F-Score?
Qualys Inc (QLYS) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Qualys Inc's earnings high quality?
Qualys Inc (QLYS) has an earnings quality ratio of 1.56x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Qualys Inc?
Qualys Inc (QLYS) scores 74 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.