Qualys Inc

Latest Results (03.04.2026):

Qualys, Inc. reported results for the fourth quarter of fiscal 2025: Q4 revenue was $175.3 million, up 10% year‑over‑year; GAAP net income was $53.2 million ($1.47 per diluted share) and non‑GAAP net income was $67.7 million ($1.87 per diluted share). Adjusted EBITDA for Q4 was $82.6 million and operating cash flow was $75.7 million. For full year 2025, revenues were $669.1 million (up 10%), GAAP net income was $198.3 million ($5.44 per diluted share), and operating cash flow was $309.4 million. The company also increased its share repurchase program by $200 million and issued guidance for Q1 and full year 2026.

Revenue

Q4 2025 revenue: $175.3M, +10% vs Q4 2024 ($159.2M). Full year 2025 revenue: $669.1M, +10% vs 2024 ($607.6M).

Profitability

Q4 2025 GAAP gross profit $146.1M (83% margin); GAAP operating income $58.8M (34% of revenue); GAAP net income $53.2M ($1.47 diluted, 30% net margin). Q4 non‑GAAP net income $67.7M ($1.87). Full year GAAP net income rose to $198.3M ($5.44 diluted); non‑GAAP net income $257.8M ($7.07).

Adjusted EBITDA & Cash Flow

Q4 Adjusted EBITDA was $82.6M (47% of revenue), up 11% year‑over‑year. Q4 operating cash flow was $75.7M, up 59% YoY (43% of revenue). Full year Adjusted EBITDA was $313.4M (47% margin) and operating cash flow was $309.4M, up 27% YoY (46% of revenue).

Capital Allocation

Qualys announced a $200 million increase to its share repurchase program, signaling continued emphasis on returning capital to shareholders.

Guidance (Q1 & FY 2026)

Q1 2026 revenue guidance: $172.5M–$174.5M (8%–9% growth). Q1 GAAP EPS: $1.29–$1.36; Q1 non‑GAAP EPS: $1.76–$1.83. Full year 2026 revenue guidance: $717.0M–$725.0M (7%–8% growth). FY 2026 GAAP EPS: $5.20–$5.48; FY non‑GAAP EPS: $7.17–$7.45. Guidance assumes ~36.0M weighted average diluted shares in Q1 and ~35.4M for FY 2026.

Business & Product Momentum

Qualys highlighted continued product innovation and adoption: enhancements to Enterprise TruRisk Management (ETM Identity, TruLens, TruConfirm), launch of TotalAppSec and an agentic AI agent marketplace, integration of Container Security with ServiceNow, expansion of TotalAI, and rollout of the Managed Risk Operations Center (mROC) and ROCon events.

Market Recognition & Public Sector Wins

Qualys received multiple industry recognitions (GigaOm, KuppingerCole, IDC, Gartner Magic Quadrant, SC Awards, Pwnie Awards) and achieved FedRAMP High authorization for its GovCloud platform, supporting expanded federal and public‑sector opportunities.