NASDAQ : QLYS
Qualys, Inc. — Financial statements
Technology · Software - Infrastructure · United States
Last price 224.12 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 7.75B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Qualys, Inc. (QLYS) reported revenue of 702.98M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 702.98M | 669.12M | 607.57M | 554.46M | 489.72M | 411.17M |
| Cost of Revenue | 116.58M | 114.77M | 111.48M | 107.48M | 102.79M | 89.44M |
| Gross Profit | 586.40M | 554.36M | 496.09M | 446.97M | 386.94M | 321.73M |
| Selling, General & Admin | 226.62M | 215.12M | 197.04M | 173.43M | 155.20M | 125.46M |
| Research & Development | 117.59M | 117.28M | 111.85M | 110.47M | 101.19M | 81.29M |
| Operating Expenses | 344.20M | 332.40M | 308.89M | 283.90M | 256.39M | 206.75M |
| Operating Income | 242.20M | 221.95M | 187.20M | 163.07M | 130.55M | 114.98M |
| Interest & Investment Income | 25.03M | 25.25M | 25.78M | 16.91M | 5.19M | 2.29M |
| Currency Exchange Gain (Loss) | -2.96M | -423.00K | -3.19M | -697.00K | -1.77M | -297.00K |
| Other Non Operating Income (Expenses) | 105.00K | 68.00K | 34.00K | -109.00K | -267.00K | -254.00K |
| EBT Excluding Unusual Items | 264.37M | 246.85M | 209.82M | 179.17M | 133.70M | 116.72M |
| Gain (Loss) on Sale of Investments | -1.99M | -20.00K | -517.00K | -22.00K | ||
| Asset Writedown | -624.00K | |||||
| Other Unusual Items | -27.30M | |||||
| Pretax Income | 261.76M | 246.83M | 209.82M | 178.65M | 133.70M | 89.40M |
| Income Tax Expense | 55.22M | 48.51M | 36.14M | 27.06M | 25.71M | 18.44M |
| Net Income | 206.54M | 198.32M | 173.68M | 151.59M | 107.99M | 70.96M |
| Net Income to Common | 206.54M | 198.32M | 173.68M | 151.59M | 107.99M | 70.96M |
| Shares Outstanding (Basic) | 35.61M | 36.14M | 36.80M | 36.88M | 38.45M | 39.03M |
| Shares Outstanding (Diluted) | 35.80M | 36.45M | 37.35M | 37.60M | 39.34M | 40.12M |
| EPS (Basic) | 5.80 | 5.49 | 4.72 | 4.11 | 2.81 | 1.82 |
| EPS (Diluted) | 5.76 | 5.44 | 4.65 | 4.03 | 2.74 | 1.77 |
| Free Cash Flow | 313.96M | 304.41M | 231.76M | 235.82M | 183.49M | 176.19M |
| Free Cash Flow Per Share | 8.77 | 8.35 | 6.21 | 6.27 | 4.66 | 4.39 |
| Gross Margin | 83.42% | 82.85% | 81.65% | 80.61% | 79.01% | 78.25% |
| Operating Margin | 34.45% | 33.17% | 30.81% | 29.41% | 26.66% | 27.96% |
| Profit Margin | 29.38% | 29.64% | 28.59% | 27.34% | 22.05% | 17.26% |
| Free Cash Flow Margin | 44.66% | 45.49% | 38.15% | 42.53% | 37.47% | 42.85% |
| EBITDA | 254.64M | 236.44M | 205.71M | 190.06M | 165.17M | 150.88M |
| EBITDA Margin | 36.22% | 35.34% | 33.86% | 34.28% | 33.73% | 36.70% |
| D&A For EBITDA | 12.44M | 14.49M | 18.51M | 26.99M | 34.62M | 35.90M |
| EBIT | 242.20M | 221.95M | 187.20M | 163.07M | 130.55M | 114.98M |
| EBIT Margin | 34.45% | 33.17% | 30.81% | 29.41% | 26.66% | 27.96% |
| Effective Tax Rate | 21.09% | 19.65% | 17.22% | 15.14% | 19.23% | 20.62% |
| Advertising Expenses | 5.50M | 2.90M | 3.00M | 3.30M | 2.10M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 250.29M | 250.26M | 232.18M | 203.66M | 173.72M | 137.33M |
| Short-Term Investments | 176.00M | 195.68M | 149.24M | 221.89M | 147.61M | 267.96M |
| Cash & Short-Term Investments | 426.29M | 445.94M | 381.42M | 425.56M | 321.33M | 405.29M |
| Receivables | 139.78M | 170.99M | 164.55M | 146.23M | 121.80M | 109.00M |
| Prepaid Expenses | 52.62M | 31.98M | 32.43M | 20.86M | 25.20M | 27.89M |
| Restricted Cash | 1.50M | |||||
| Other Current Assets | 8.71M | 7.29M | 5.86M | 5.02M | 4.22M | |
| Total Current Assets | 618.69M | 657.62M | 585.69M | 600.00M | 473.34M | 546.40M |
| Property, Plant & Equipment | 70.78M | 69.17M | 71.32M | 54.99M | 81.18M | 98.87M |
| Long-Term Investments | 277.17M | 250.87M | 193.89M | 56.64M | 59.21M | 111.20M |
| Goodwill | 7.45M | 7.45M | 7.45M | 7.45M | 7.45M | 7.45M |
| Other Intangible Assets | 2.98M | 4.25M | 6.81M | 9.71M | 12.80M | 6.54M |
| Long-Term Deferred Tax Assets | 69.57M | 74.52M | 81.31M | 62.76M | 45.41M | 25.09M |
| Long-Term Deferred Charges | 17.56M | 15.30M | 11.84M | 10.09M | 8.39M | |
| Other Long-Term Assets | 27.54M | 13.65M | 11.78M | 9.22M | 11.47M | 10.62M |
| Total Assets | 1.07B | 1.10B | 973.54M | 812.62M | 700.94M | 814.56M |
| Accounts Payable | 1.15M | 1.20M | 1.27M | 988.00K | 2.81M | 1.30M |
| Accrued Expenses | 49.25M | 57.69M | 45.94M | 43.10M | 42.59M | 32.50M |
| Current Portion of Leases | 8.55M | 7.32M | 9.72M | 11.86M | 13.06M | 12.61M |
| Current Unearned Revenue | 388.07M | 401.13M | 371.46M | 333.27M | 293.73M | 257.87M |
| Total Current Liabilities | 447.03M | 467.34M | 428.39M | 389.21M | 352.19M | 304.28M |
| Long-Term Leases | 44.84M | 44.96M | 37.50M | 16.89M | 29.12M | 35.91M |
| Long-Term Unearned Revenue | 14.24M | 16.29M | 24.27M | 31.67M | 23.49M | 32.75M |
| Other Long-Term Liabilities | 5.83M | 5.35M | 6.27M | 6.68M | 7.01M | 4.90M |
| Total Liabilities | 511.95M | 533.93M | 496.42M | 444.44M | 411.81M | 377.85M |
| Common Stock | 35.00K | 36.00K | 37.00K | 37.00K | 37.00K | 39.00K |
| Additional Paid-In Capital | 753.07M | 731.79M | 664.88M | 597.92M | 512.49M | 477.32M |
| Retained Earnings | -187.59M | -166.66M | -189.22M | -228.08M | -221.45M | -41.66M |
| Comprehensive Income & Other | -3.28M | -4.01M | 1.42M | -1.70M | -1.95M | 1.01M |
| Shareholders' Equity | 562.22M | 561.15M | 477.12M | 368.17M | 289.13M | 436.71M |
| Total Liabilities & Equity | 1.07B | 1.10B | 973.54M | 812.62M | 700.94M | 814.56M |
| Total Debt | 53.40M | 52.27M | 47.22M | 28.74M | 42.18M | 48.52M |
| Net Cash (Debt) | 650.07M | 644.53M | 528.09M | 453.46M | 338.35M | 467.96M |
| Net Cash Per Share | 18.16 | 17.68 | 14.14 | 12.06 | 8.60 | 11.66 |
| Filing Date Shares Outstanding | 34.60M | 35.68M | 36.48M | 36.98M | 37.01M | 39.03M |
| Total Common Shares Outstanding | 34.65M | 35.73M | 36.50M | 36.91M | 37.36M | 39.11M |
| Working Capital | 171.66M | 190.28M | 157.30M | 210.79M | 121.15M | 242.12M |
| Book Value Per Share | 16.23 | 15.71 | 13.07 | 9.98 | 7.74 | 11.17 |
| Tangible Book Value | 551.80M | 549.45M | 462.86M | 351.01M | 268.88M | 422.72M |
| Tangible Book Value Per Share | 15.92 | 15.38 | 12.68 | 9.51 | 7.20 | 10.81 |
| Machinery | 218.00M | 213.67M | 211.46M | 204.07M | 196.05M | 184.80M |
| Leasehold Improvements | 24.23M | 23.75M | 23.43M | 20.92M | 21.01M | 21.09M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 206.54M | 198.32M | 173.68M | 151.59M | 107.99M | 70.96M |
| Depreciation & Amortization | 12.44M | 14.49M | 18.51M | 26.99M | 34.62M | 35.90M |
| Loss (Gain) From Sale of Assets | 6.00K | 12.00K | ||||
| Asset Writedown & Restructuring Costs | 624.00K | 625.00K | ||||
| Loss (Gain) From Sale of Investments | -322.00K | -3.44M | -6.74M | -5.18M | 833.00K | 3.87M |
| Stock-Based Compensation | 78.25M | 76.97M | 77.13M | 69.08M | 53.41M | 67.58M |
| Provision & Write-off of Bad Debts | 704.00K | 1.23M | 764.00K | 547.00K | 590.00K | 402.00K |
| Other Operating Activities | 21.30M | 8.41M | -19.46M | -16.64M | -20.25M | -9.72M |
| Change in Accounts Receivable | -11.81M | -7.67M | -19.09M | -24.98M | -13.39M | -9.22M |
| Change in Accounts Payable | -768.00K | 27.00K | 219.00K | -1.58M | 2.11M | -32.00K |
| Change in Unearned Revenue | 28.11M | 21.69M | 30.78M | 47.72M | 25.19M | 46.59M |
| Change in Other Net Operating Assets | -14.13M | -626.00K | -11.71M | -2.96M | 7.75M | -6.34M |
| Operating Cash Flow | 320.95M | 309.40M | 244.09M | 244.60M | 198.85M | 200.62M |
| Capital Expenditures | -6.99M | -4.99M | -12.33M | -8.79M | -15.36M | -24.42M |
| Sale of Property, Plant & Equipment | 6.00K | |||||
| Sale (Purchase) of Intangibles | -8.62M | -1.23M | ||||
| Investment in Securities | -27.20M | -100.93M | -59.09M | -64.38M | 169.05M | -4.51M |
| Other Investing Activities | 625.00K | |||||
| Investing Cash Flow | -34.19M | -105.92M | -71.43M | -73.17M | 145.07M | -29.53M |
| Long-Term Debt Repaid | -90.00K | |||||
| Net Debt Issued (Repaid) | -90.00K | |||||
| Issuance of Common Stock | 18.44M | 23.05M | 24.14M | 51.65M | 28.93M | 49.99M |
| Repurchase of Common Stock | -248.89M | -208.44M | -169.79M | -193.15M | -334.96M | -157.79M |
| Financing Cash Flow | -230.45M | -185.40M | -145.65M | -141.49M | -306.03M | -107.89M |
| Net Cash Flow | 56.31M | 18.08M | 27.02M | 29.95M | 37.89M | 63.20M |
| Free Cash Flow | 313.96M | 304.41M | 231.76M | 235.82M | 183.49M | 176.19M |
| Free Cash Flow Margin | 44.66% | 45.49% | 38.15% | 42.53% | 37.47% | 42.85% |
| Free Cash Flow Per Share | 8.77 | 8.35 | 6.21 | 6.27 | 4.66 | 4.39 |
| Levered Free Cash Flow | 244.38M | 259.13M | 211.80M | 205.00M | 182.20M | 202.81M |
| Unlevered Free Cash Flow | 244.38M | 259.13M | 211.80M | 205.00M | 182.20M | 202.81M |
| Cash Income Tax Paid | 40.89M | 40.89M | 60.55M | 34.92M | 39.74M | 35.08M |
| Change in Working Capital | 1.41M | 13.43M | 204.00K | 18.21M | 21.65M | 31.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 7.75B | 4.77B | 5.13B | 7.22B | 4.26B | 5.33B |
| Enterprise Value | 7.10B | 4.16B | 4.61B | 6.79B | 3.85B | 4.90B |
| Last Close Price | 224.12 | 132.90 | 140.22 | 196.28 | 112.23 | 137.22 |
| PE Ratio | 38.91 | 24.03 | 29.54 | 47.63 | 39.48 | 75.08 |
| Forward PE | 27.91 | 18.30 | 23.68 | 37.60 | 28.90 | 41.84 |
| PS Ratio | 11.03 | 7.12 | 8.45 | 13.02 | 8.71 | 12.96 |
| PB Ratio | 13.81 | 8.49 | 10.75 | 19.61 | 14.75 | 12.20 |
| P/TBV Ratio | 14.05 | 8.67 | 11.09 | 20.57 | 15.86 | 12.60 |
| P/FCF Ratio | 24.70 | 15.65 | 22.14 | 30.62 | 23.23 | 30.24 |
| P/OCF Ratio | 24.16 | 15.40 | 21.02 | 29.52 | 21.44 | 26.55 |
| PEG Ratio | 2.75 | 2.13 | 5.20 | 2.77 | 3.20 | 3.20 |
| EV/Sales Ratio | 10.10 | 6.21 | 7.58 | 12.25 | 7.86 | 11.90 |
| EV/EBITDA Ratio | 27.90 | 17.58 | 22.39 | 35.73 | 23.29 | 32.44 |
| EV/EBIT Ratio | 29.33 | 18.73 | 24.60 | 41.65 | 29.47 | 42.57 |
| EV/FCF Ratio | 22.63 | 13.65 | 19.87 | 28.80 | 20.96 | 27.78 |
| Debt / Equity Ratio | 0.10 | 0.09 | 0.10 | 0.08 | 0.15 | 0.11 |
| Debt / EBITDA Ratio | 0.20 | 0.21 | 0.21 | 0.14 | 0.23 | 0.29 |
| Debt / FCF Ratio | 0.17 | 0.17 | 0.20 | 0.12 | 0.23 | 0.28 |
| Net Debt / Equity Ratio | -1.16 | -1.15 | -1.11 | -1.23 | -1.17 | -1.07 |
| Net Debt / EBITDA Ratio | -2.55 | -2.73 | -2.57 | -2.39 | -2.05 | -3.10 |
| Net Debt / FCF Ratio | -2.07 | -2.12 | -2.28 | -1.92 | -1.84 | -2.66 |
| Asset Turnover | 0.68 | 0.65 | 0.68 | 0.73 | 0.65 | 0.53 |
| Quick Ratio | 1.27 | 1.32 | 1.27 | 1.47 | 1.26 | 1.69 |
| Current Ratio | 1.38 | 1.41 | 1.37 | 1.54 | 1.34 | 1.80 |
| Return on Equity (ROE) | 38.59% | 38.20% | 41.09% | 46.13% | 29.76% | 16.87% |
| Return on Assets (ROA) | 14.60% | 13.41% | 13.10% | 13.47% | 10.77% | 9.26% |
| Return on Invested Capital (ROIC) | 112.39% | 114.90% | 108.42% | 98.26% | ||
| Return on Capital Employed (ROCE) | 38.60% | 35.40% | 34.30% | 38.50% | 37.40% | 22.50% |
| Earnings Yield | 2.57% | 4.16% | 3.38% | 2.10% | 2.53% | 1.33% |
| FCF Yield | 4.05% | 6.39% | 4.52% | 3.27% | 4.30% | 3.31% |
| Buyback Yield / Dilution | 2.92% | 2.41% | 0.66% | 4.43% | 1.93% | 1.53% |