US Market News
2 월 전
Qualys Announces First Quarter 2026 Financial ResultsMay 5, 2026 4:05 PM
PR Newswire (US) Q1 Revenue Growth of 10% Year-Over-Year
Raises 2026 Revenue Guidance to $721.0-$727.0 millionFOSTER CITY, Calif., May 5, 2026 /PRNewswire/ -- Qualys, Inc. (NASDAQ: QLYS), a leading provider of disruptive cloud-based IT, security and compliance solutions, today announced financial results for the first quarter ended March 31, 2026. For the quarter, the Company reported revenues of $175.6 million, net income under United States Generally Accepted Accounting Principles ("GAAP") of $50.6 million, non-GAAP net income of $69.6 million, Adjusted EBITDA of $83.3 million, GAAP net income per diluted share of $1.42, and non-GAAP net income per diluted share of $1.95."We are pioneering a new category in pre-breach risk management by bringing autonomous exploit validation, risk quantification, and remediation together within a single AI-driven risk fabric that redefines how enterprises operationalize cyber risk," said Sumedh Thakar, Qualys' president and CEO. "This quarter's solid results in part reflect the tangible impact of our AI-native Risk Operations Center and growing adoption of our Enterprise TruRisk Management solution, continuous innovation, expanding partner ecosystem, and promising early engagement from QFlex. Powered by a differentiated closed-loop system of record, a growing marketplace of agentic AI solutions, and leading model integrations, we are unifying cyber risk workflows, reducing operational complexity, and addressing security's toughest challenges at the speed of modern attacks. This reinforces our confidence in delivering durable, long-term profitable growth through the innovation and financial discipline that have long defined Qualys."First Quarter 2026 Financial HighlightsRevenues: Revenues for the first quarter of 2026 increased by 10% to $175.6 million compared to $159.9 million for the same quarter in 2025.Gross Profit: GAAP gross profit for the first quarter of 2026 increased by 11% to $145.6 million compared to $131.0 million for the same quarter in 2025. GAAP gross margin was 83% for the first quarter of 2026 compared to 82% for the same quarter in 2025. Non-GAAP gross profit for the first quarter of 2026 increased by 11% to $148.3 million compared to $133.7 million for the same quarter in 2025. Non-GAAP gross margin was 84% for both the first quarter of 2026 and for the same quarter in 2025.Operating Income: GAAP operating income for the first quarter of 2026 increased by 18% to $60.9 million compared to $51.8 million for the same quarter in 2025. As a percentage of revenues, GAAP operating income was 35% for the first quarter of 2026 compared to 32% for the same quarter in 2025. Non-GAAP operating income for the first quarter of 2026 increased by 14% to $80.9 million compared to $71.2 million for the same quarter in 2025. As a percentage of revenues, non-GAAP operating income was 46% for the first quarter of 2026 compared to 45% for the same quarter in 2025.Net Income: GAAP net income for the first quarter of 2026 increased by 7% to $50.6 million, or $1.42 per diluted share, compared to $47.5 million, or $1.29 per diluted share, for the same quarter in 2025. As a percentage of revenues, GAAP net income was 29% for the first quarter of 2026 compared to 30% for the same quarter in 2025. Non-GAAP net income for the first quarter of 2026 increased by 13% to $69.6 million, or $1.95 per diluted share, compared to $61.4 million, or $1.67 per diluted share, for the same quarter in 2025. As a percentage of revenues, non-GAAP net income was 40% for the first quarter of 2026 compared to 38% for the same quarter in 2025.Adjusted EBITDA: Adjusted EBITDA (a non-GAAP financial measure) for the first quarter of 2026 increased by 11% to $83.3 million compared to $74.8 million for the same quarter in 2025. As a percentage of revenues, Adjusted EBITDA was 47% for both the first quarter of 2026 and for the same quarter in 2025.Operating Cash Flow: Operating cash flow for the first quarter of 2026 decreased by 13% to $95.3 million compared to $109.6 million for the same quarter in 2025. As a percentage of revenues, operating cash flow was 54% for the first quarter of 2026 compared to 69% for the same quarter in 2025.First Quarter 2026 Business HighlightsQualys introduced Agent Val, powered by TruConfirm, an agentic AI-led workflow in our Enterprise TruRisk Management solution. Agent Val identifies high-risk exposures, validates real exploitability, and drives prioritized remediation to help teams shift from chasing volume to reducing verified risk.TotalCloud continued to garner top industry recognition. It was named a winner in the SC Awards (Best Cloud Security Management Solution), recognized by Forrester as one of only three Leaders in The Forrester Wave™: Cloud Native Application Protection Platform (CNAPP), Q1 2026, and positioned as a Leader in the 2026 GigaOm Radar report for Cloud Identity Entitlement Management (CIEM).Qualys Threat Research Unit (TRU) unveiled its latest research report, The Broken Physics of Remediation, analyzing over one billion CISA KEV remediation records across over 10,000 organizations, examining why approaches built on Mean-Time-To-Remediation and prioritization are no longer sufficient, and introducing more accurate ways to measure and manage risk.To help partners scale the ROC, Qualys introduced the Risk Operations Center (mROC) portal, providing partners with a unified view of risk across each customer's entire attack surface, empowering them to act on exposures that drive real risk and prove measurable risk reduction through built-in intelligence, validation, and closed-loop execution.Financial Performance OutlookBased on information as of today, May 5, 2026, Qualys is issuing the following financial guidance for the second quarter and full year fiscal 2026. The Company emphasizes that the guidance is subject to various important cautionary factors referenced in the sections entitled "Legal Notice Regarding Forward-Looking Statements" and "Non-GAAP Financial Measures" below.Second Quarter 2026 Guidance: Management expects revenues for the second quarter of 2026 to be in the range of $177.5 million to $179.5 million, representing 8% to 9% growth over the same quarter in 2025. GAAP net income per diluted share is expected to be in the range of $1.24 to $1.31, which assumes an effective income tax rate of 21%. Non-GAAP net income per diluted share is expected to be in the range of $1.73 to $1.80, which assumes a non-GAAP effective income tax rate of 20%. Second quarter 2026 net income per diluted share estimates are based on approximately 35.0 million weighted average diluted shares outstanding for the quarter.Full Year 2026 Guidance: Management now expects revenues for the full year of 2026 to be in the range of $721.0 million to $727.0 million, representing 8% to 9% growth over 2025. This compares to the previous guidance range of $717.0 million to $725.0 million. GAAP net income per diluted share is now expected to be in the range of $5.40 to $5.61, up from the previous guidance range of $5.20 to $5.48. This assumes an effective income tax rate of 21%. Non-GAAP net income per diluted share is now expected to be in the range of $7.44 to $7.65, up from the previous guidance range of $7.17 to $7.45. This assumes a non-GAAP effective income tax rate of 20%. Full year 2026 net income per diluted share estimates are based on approximately 34.5 million weighted average diluted shares outstanding.Qualys has not reconciled non-GAAP net income per diluted share guidance to GAAP net income per diluted share guidance because Qualys does not provide guidance on the various reconciling cash and non-cash items between GAAP net income and non-GAAP net income (i.e., stock-based compensation, amortization of intangible assets from acquisitions and non-recurring items). The actual dollar amount of reconciling items in the second quarter and full year 2026 is likely to have a significant impact on the Company's GAAP net income per diluted share in the second quarter and full year 2026. A reconciliation of the non-GAAP net income per diluted share guidance to the GAAP net income per diluted share guidance is not available without unreasonable effort.Investor Conference CallQualys will host a conference call and live webcast to discuss its first quarter financial results at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) on Tuesday, May 5, 2026. To access the conference call by phone, please register here. A live webcast of the earnings conference call, investor presentation and prepared remarks can be accessed at https://investor.qualys.com/events-presentations. A replay of the conference call will be available through the same webcast link following the end of the call.Investor Contact Blair King
Senior Vice President, Investor Relations and Financial Planning & Analysis
(650) 538-2088
ir@qualys.com About QualysQualys, Inc. (NASDAQ: QLYS) is a leading provider of disruptive cloud-based Security, Compliance and IT solutions with more than 10,000 subscription customers worldwide, including a majority of the Forbes Global 100 and Fortune 100. Qualys helps organizations streamline and consolidate their security and compliance solutions onto a single platform for greater agility, better business outcomes, and substantial cost savings.The Qualys Enterprise TruRisk Platform leverages a single agent to continuously deliver critical security intelligence while enabling enterprises to automate the full spectrum of vulnerability detection, compliance, and protection for IT systems, workloads and web applications across on premises, endpoints, servers, public and private clouds, containers, and mobile devices. Founded in 1999 as one of the first SaaS security companies, Qualys has strategic partnerships and seamlessly integrates its vulnerability management capabilities into security offerings from cloud service providers, including Amazon Web Services, the Google Cloud Platform and Microsoft Azure, along with a number of leading managed service providers and global consulting organizations. For more information, please visit www.qualys.com.Qualys, Qualys VMDR® and the Qualys logo are proprietary trademarks of Qualys, Inc. All other products or names may be trademarks of their respective companies. Legal Notice Regarding Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements generally relate to future events or our future financial or operating performance. Forward-looking statements in this press release include, but are not limited to, quotations of management and statements related to: the benefits of our existing, new and upcoming products, features, integrations, acquisitions, collaborations and joint solutions, and their impact upon our long-term growth; our ability to advance our value proposition and competitive differentiation in the market; our ability to address demand trends; our ability to maintain and strengthen our category leadership; our ability to solve modern security challenges at scale; our strategies and ability to achieve and maintain durable profitable growth; statements regarding our share repurchase; our guidance for revenues, GAAP EPS and non-GAAP EPS for the second quarter and full year 2026; and our expectations for the number of weighted average diluted shares outstanding and the GAAP and non-GAAP effective income tax rate for the second quarter and full year 2026. Our expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected. These risks include our ability to continue to develop platform capabilities and solutions; the ability of our platform and solutions to perform as intended; customer acceptance and purchase of our existing solutions and new solutions; real or perceived defects, errors or vulnerabilities in our products or services; our ability to retain existing customers and generate new customers; the budgeting cycles and seasonal buying patterns of our customers; our ability to maintain government authorizations applicable to our platform; general market, political, economic and business conditions in the United States as well as globally; our ability to manage costs as we increase our customer base and the number of our platform solutions; the market for cloud solutions for IT security and compliance not increasing at the rate we expect; competition from other products and services; fluctuations in currency exchange rates; unexpected fluctuations in our effective income tax rate on a GAAP and non-GAAP basis; our ability to effectively manage our rapid growth and our ability to anticipate future market needs and opportunities; and any unanticipated accounting charges. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.The forward-looking statements in this press release are based on information available to Qualys as of the date hereof, and Qualys disclaims any obligation to update any forward-looking statements, except as required by law.Non-GAAP Financial MeasuresIn addition to reporting financial results in accordance with GAAP, Qualys provides investors with certain non-GAAP financial measures, including non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income, non-GAAP net income, non-GAAP net income per diluted share, Adjusted EBITDA (defined as earnings before interest expense, interest income and other income (expense), net, income taxes, depreciation, amortization, and stock-based compensation) and non-GAAP free cash flows (defined as cash provided by operating activities less purchases of property and equipment, net of proceeds from disposal).In computing non-GAAP financial measures, Qualys excludes the effects of stock-based compensation expense, amortization of intangible assets from acquisitions, non-recurring items and for non-GAAP net income, impairment of non-marketable securities and certain tax effects. Qualys believes that these non-GAAP financial measures help illustrate underlying trends in its business that could otherwise be masked by the effect of the income or expenses that are excluded in non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income, non-GAAP net income, non-GAAP net income per diluted share, Adjusted EBITDA and non-GAAP free cash flows.Furthermore, Qualys uses some of these non-GAAP financial measures to establish budgets and operational goals for managing its business and evaluating its performance. Qualys believes that non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income, non-GAAP net income, non-GAAP net income per diluted share, Adjusted EBITDA and non-GAAP free cash flows provide additional tools for investors to use in comparing its recurring core business operating results over multiple periods with other companies in its industry.Although Qualys does not focus on or use quarterly billings in managing or monitoring the performance of its business, Qualys provides calculated current billings (defined as total revenues recognized in a period plus the sequential change in current deferred revenue in the corresponding period) for the convenience of investors and analysts in building their own financial models.In order to provide a more complete picture of recurring core operating business results, the Company's non-GAAP net income and non-GAAP net income per diluted share include adjustments for non-recurring income tax items and certain tax effects of non-GAAP adjustments to achieve the effective income tax rate on a non-GAAP basis. The Company's non-GAAP effective tax rate may differ from the GAAP effective income tax rate as a result of these income tax adjustments. The Company believes its estimated non-GAAP effective income tax rate of 20% in 2026 is a reasonable estimate under its current global operating structure and core business operations. The Company may adjust this rate during the year to take into account events or trends that it believes materially impact the estimated annual rate. The non-GAAP effective income tax rate could be subject to change for a number of reasons, including but not limited to, significant changes resulting from tax legislation, material changes in geographic mix of revenues and expenses and other significant events.The presentation of this non-GAAP financial information is not intended to be considered in isolation or as a substitute for results prepared in accordance with GAAP. A reconciliation of the non-GAAP financial measures discussed in this press release to the most directly comparable GAAP financial measures is included with the financial statements contained in this press release. Management uses both GAAP and non-GAAP information in evaluating and operating its business internally and as such has determined that it is important to provide this information to investors.Qualys, Inc.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(unaudited)(in thousands, except per share data)
Three Months Ended
March 31,
2026
2025Revenues$ 175,638
$ 159,899Cost of revenues (1)29,990
28,926Gross profit145,648
130,973Operating expenses:
Research and development (1)29,020
29,154Sales and marketing (1)38,760
32,660General and administrative (1)16,983
17,404Total operating expenses84,763
79,218Income from operations60,885
51,755Other income (expense), net:
Interest income6,176
6,235Other income (expense), net(2,071)
317Total other income, net4,105
6,552Income before income taxes64,990
58,307Income tax provision14,347
10,773Net income$ 50,643
$ 47,534Net income per share:
Basic$ 1.42
$ 1.30Diluted$ 1.42
$ 1.29Weighted average shares used in computing net income per share:
Basic35,608
36,466Diluted35,679
36,784(1) Includes stock-based compensation as follows:
Cost of revenues$ 2,061
$ 2,090Research and development4,608
5,104Sales and marketing4,189
3,200General and administrative8,482
8,426Total stock-based compensation, net of amounts capitalized$ 19,340
$ 18,820 Qualys, Inc.CONDENSED CONSOLIDATED BALANCE SHEETS(unaudited)(in thousands)
March 31,
2026
December 31,
2025Assets
Current assets:
Cash and cash equivalents$ 279,468
$ 250,258Short-term marketable securities191,879
195,681Accounts receivable, net134,877
170,991Prepaid expenses and other current assets50,367
40,686Total current assets656,591
657,616Long-term marketable securities258,002
250,868Property and equipment, net21,981
23,166Operating leases - right of use asset46,651
46,001Deferred tax assets, net72,811
74,518Intangible assets, net3,615
4,255Goodwill7,447
7,447Noncurrent restricted cash1,200
1,200Other noncurrent assets26,338
30,010Total assets$ 1,094,636
$ 1,095,081Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable$ 2,298
$ 1,202Accrued liabilities55,438
57,694Deferred revenues, current393,800
401,127Operating lease liabilities, current7,622
7,315Total current liabilities459,158
467,338Deferred revenues, noncurrent15,428
16,285Operating lease liabilities, noncurrent44,607
44,959Other noncurrent liabilities5,570
5,346Total liabilities524,763
533,928Stockholders' equity:
Common stock35
36Additional paid-in capital741,918
731,788Accumulated other comprehensive loss(4,812)
(4,012)Accumulated deficit(167,268)
(166,659)Total stockholders' equity569,873
561,153Total liabilities and stockholders' equity$ 1,094,636
$ 1,095,081 Qualys, Inc.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(unaudited)(in thousands)
Three Months Ended
March 31,
2026
2025Cash flow from operating activities:
Net income$ 50,643
$ 47,534Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense3,043
4,177Provision for credit losses173
206Impairment of property and equipment624
—Impairment of non-marketable securities1,967
—Stock-based compensation, net of amounts capitalized19,340
18,820Accretion of discount on marketable securities, net(524)
(1,107)Deferred income taxes1,841
(4,360)Changes in operating assets and liabilities:
Accounts receivable35,941
42,782Prepaid expenses and other assets(7,520)
162Accounts payable834
(66)Accrued liabilities and other noncurrent liabilities(2,884)
8,265Deferred revenues(8,184)
(6,825)Net cash provided by operating activities95,294
109,588Cash flow from investing activities:
Purchases of marketable securities(78,469)
(55,525)Sales and maturities of marketable securities73,760
50,532Purchases of property and equipment(1,667)
(2,038)Net cash used in investing activities(6,376)
(7,031)Cash flow from financing activities:
Repurchase of common stock(53,509)
(39,653)Proceeds from exercise of stock options325
2,599Payments for taxes related to net share settlement of equity awards(10,375)
(10,831)Proceeds from issuance of common stock through employee stock purchase plan3,851
3,817Net cash used in financing activities(59,708)
(44,068)Net increase in cash, cash equivalents and restricted cash29,210
58,489Cash, cash equivalents and restricted cash at beginning of period251,458
233,382Cash, cash equivalents and restricted cash at end of period$ 280,668
$ 291,871 Qualys, Inc.RECONCILIATION OF NON-GAAP DISCLOSURESADJUSTED EBITDA(unaudited)(in thousands, except percentages)
Three Months Ended
March 31,
2026
2025Net income$ 50,643
$ 47,534Net income as a percentage of revenues29 %
30 %Depreciation and amortization of property and equipment2,403
3,537Amortization of intangible assets640
640Income tax provision14,347
10,773Stock-based compensation19,340
18,820Total other income, net(4,105)
(6,552)Adjusted EBITDA$ 83,268
$ 74,752Adjusted EBITDA as a percentage of revenues47 %
47 % Qualys, Inc.RECONCILIATION OF NON-GAAP DISCLOSURES(unaudited)(in thousands, except per share data)
Three Months Ended
March 31,
2026
2025GAAP Cost of revenues$ 29,990
$ 28,926Less: Stock-based compensation(2,061)
(2,090)Less: Amortization of intangible assets(640)
(640)Non-GAAP Cost of revenues$ 27,289
$ 26,196GAAP Gross profit$ 145,648
$ 130,973Plus: Stock-based compensation2,061
2,090Plus: Amortization of intangible assets640
640Non-GAAP Gross Profit$ 148,349
$ 133,703GAAP Research and development$ 29,020
$ 29,154Less: Stock-based compensation(4,608)
(5,104)Non-GAAP Research and development$ 24,412
$ 24,050GAAP Sales and marketing$ 38,760
$ 32,660Less: Stock-based compensation(4,189)
(3,200)Non-GAAP Sales and marketing$ 34,571
$ 29,460GAAP General and administrative$ 16,983
$ 17,404Less: Stock-based compensation(8,482)
(8,426)Non-GAAP General and administrative$ 8,501
$ 8,978GAAP Operating expenses$ 84,763
$ 79,218Less: Stock-based compensation(17,279)
(16,730)Non-GAAP Operating expenses$ 67,484
$ 62,488GAAP Income from operations$ 60,885
$ 51,755Plus: Stock-based compensation19,340
18,820Plus: Amortization of intangible assets640
640Non-GAAP Income from operations$ 80,865
$ 71,215GAAP Net income$ 50,643
$ 47,534Plus: Stock-based compensation19,340
18,820Plus: Amortization of intangible assets640
640Plus: Impairment of non-marketable securities1,967
—Less: Tax adjustment(3,040)
(5,547)Non-GAAP Net income$ 69,550
$ 61,447GAAP Net income per share:
Basic$ 1.42
$ 1.30Diluted$ 1.42
$ 1.29Non-GAAP Net income per share:
Basic$ 1.95
$ 1.69Diluted$ 1.95
$ 1.67Weighted average shares used in GAAP and non-GAAP net income per share:
Basic35,608
36,466Diluted35,679
36,784 Qualys, Inc.RECONCILIATION OF NON-GAAP DISCLOSURESFREE CASH FLOWS(unaudited)(in thousands)
Three Months Ended
March 31,
2026
2025GAAP Cash flows provided by operating activities$ 95,294
$ 109,588Less:
Purchases of property and equipment, net of proceeds from disposal(1,667)
(2,038)Non-GAAP Free cash flows$ 93,627
$ 107,550 Qualys, Inc.RECONCILIATION OF NON-GAAP DISCLOSURESCALCULATED CURRENT BILLINGS(unaudited)(in thousands, except percentages)
Three Months Ended
March 31,
2026
2025GAAP Revenue$ 175,638
$ 159,899GAAP Revenue growth compared to same quarter of prior year10 %
10 %Plus: Current deferred revenue at March 31393,800
366,824Less: Current deferred revenue at December 31(401,127)
(371,457)Non-GAAP Calculated current billings$ 168,311
$ 155,266Calculated current billings growth compared to same quarter of prior year8 %
7 % View original content:https://www.prnewswire.com/news-releases/qualys-announces-first-quarter-2026-financial-results-302762087.htmlSOURCE Qualys, Inc. Original: Qualys Announces First Quarter 2026 Financial Results
US Market News
5 월 전
Qualys Announces Fourth Quarter and Full Year 2025 Financial ResultsFebruary 5, 2026 4:05 PM
PR Newswire (US)
Q4 Revenue Growth of 10% Year-Over-Year
Full Year 2025 Revenue Growth of 10% Year-Over-Year
Announces $200 Million Increase to Share Repurchase ProgramFOSTER CITY, Calif., Feb. 5, 2026 /PRNewswire/ -- Qualys, Inc. (NASDAQ: QLYS), a leading provider of disruptive cloud-based IT, security and compliance solutions, today announced financial results for the fourth quarter and full year ended December 31, 2025. For the quarter, the Company reported revenues of $175.3 million, net income under United States Generally Accepted Accounting Principles ("GAAP") of $53.2 million, non-GAAP net income of $67.7 million, Adjusted EBITDA of $82.6 million, GAAP net income per diluted share of $1.47, and non-GAAP net income per diluted share of $1.87."Qualys is redefining how organizations manage pre-breach cyber risk by natively unifying Continuous Threat Exposure Management with exploit confirmation, risk quantification, and automated remediation powered by an agentic AI risk fabric. Against this backdrop, we continued to execute well in Q4, demonstrated by another quarter of solid revenue growth and profitability," said Sumedh Thakar, Qualys' president and CEO. "Our pace of innovation and targeted investments are driving competitive differentiation, deeper Enterprise TruRisk Management adoption, broader engagements across large federal agencies, growing partner-led execution, and early QFlex success. We believe these achievements position Qualys as a trusted leader in pre-breach cyber risk management and establish a strong foundation for durable, long-term growth."Fourth Quarter 2025 Financial HighlightsRevenues: Revenues for the fourth quarter of 2025 increased by 10% to $175.3 million compared to $159.2 million for the same quarter in 2024.Gross Profit: GAAP gross profit for the fourth quarter of 2025 increased by 12% to $146.1 million compared to $130.2 million for the same quarter in 2024. GAAP gross margin was 83% for the fourth quarter of 2025 compared to 82% for the same quarter in 2024. Non-GAAP gross profit for the fourth quarter of 2025 increased by 12% to $149.0 million compared to $133.0 million for the same quarter in 2024. Non-GAAP gross margin was 85% for the fourth quarter of 2025 compared to 84% for the same quarter in 2024.Operating Income: GAAP operating income for the fourth quarter of 2025 increased by 19% to $58.8 million compared to $49.4 million for the same quarter in 2024. As a percentage of revenues, GAAP operating income was 34% for the fourth quarter of 2025 compared to 31% for the same quarter in 2024. Non-GAAP operating income for the fourth quarter of 2025 increased by 13% to $80.1 million compared to $70.7 million for the same quarter in 2024. As a percentage of revenues, non-GAAP operating income was 46% for the fourth quarter of 2025 compared to 44% for the same quarter in 2024.Net Income: GAAP net income for the fourth quarter of 2025 increased by 21% to $53.2 million, or $1.47 per diluted share, compared to $44.0 million, or $1.19 per diluted share, for the same quarter in 2024. As a percentage of revenues, GAAP net income was 30% for the fourth quarter of 2025 compared to 28% for the same quarter in 2024. Non-GAAP net income for the fourth quarter of 2025 increased by 14% to $67.7 million, or $1.87 per diluted share, compared to $59.4 million, or $1.60 per diluted share, for the same quarter in 2024. As a percentage of revenues, non-GAAP net income was 39% for the fourth quarter of 2025 compared to 37% for the same quarter in 2024.Adjusted EBITDA: Adjusted EBITDA (a non-GAAP financial measure) for the fourth quarter of 2025 increased by 11% to $82.6 million compared to $74.2 million for the same quarter in 2024. As a percentage of revenues, Adjusted EBITDA was 47% for the fourth quarter of 2025 compared to 47% for the same quarter in 2024.Operating Cash Flow: Operating cash flow for the fourth quarter of 2025 increased by 59% to $75.7 million compared to $47.7 million for the same quarter in 2024. As a percentage of revenues, operating cash flow was 43% for the fourth quarter of 2025 compared to 30% for the same quarter in 2024.Fourth Quarter 2025 Business HighlightsEnhancing Qualys' Enterprise TruRisk Management (ETM) solution, we introduced identity security (ETM Identity), industry-specific threat prioritization (TruLens), and exploit validation (TruConfirm) to help organizations predict and guard against new and emerging attack vectors.Successfully launched ROCon, Qualys' reimagined user conference series, positioning the Risk Operations Center (ROC) as the future of cyber risk management, with events in the Americas and APAC focused on translating technical risk into measurable business outcomes, and combined attendance up over 20% from last year's events.Full Year 2025 Financial HighlightsRevenues: Revenues for 2025 increased by 10% to $669.1 million compared to $607.6 million for 2024.Gross Profit: GAAP gross profit for 2025 increased by 12% to $554.4 million compared to $496.1 million for 2024. GAAP gross margin was 83% for 2025 compared to 82% in 2024. Non-GAAP gross profit increased by 12% to $565.4 million for 2025 compared to $507.1 million for 2024. Non-GAAP gross margin was 85% in 2025 compared to 83% in 2024.Operating Income: GAAP operating income for 2025 increased by 19% to $222.0 million compared to $187.2 million for 2024. As a percentage of revenues, GAAP operating income was 33% for 2025 compared to 31% for 2024. Non-GAAP operating income for 2025 increased by 13% to $301.5 million compared to $267.2 million for 2024. As a percentage of revenues, non-GAAP operating income was 45% for 2025 compared to 44% for 2024.Net Income: GAAP net income for 2025 increased by 14% to $198.3 million, or $5.44 per diluted share, compared to $173.7 million, or $4.65 per diluted share for 2024. As a percentage of revenues, GAAP net income was 30% for 2025 compared to 29% for 2024. Non-GAAP net income for 2025 increased by 13% to $257.8 million, or $7.07 per diluted share, compared to non-GAAP net income of $229.0 million, or $6.13 per diluted share for 2024. As a percentage of revenues, non-GAAP net income was 39% for 2025 compared to 38% for 2024.Adjusted EBITDA: Adjusted EBITDA (a non-GAAP financial measure) for 2025 increased by 11% to $313.4 million compared to $282.8 million for 2024. As a percentage of revenues, Adjusted EBITDA was 47% for 2025 compared to 47% for 2024.Operating Cash Flow: Operating cash flow for 2025 increased by 27% to $309.4 million compared to $244.1 million for 2024. As a percentage of revenues, operating cash flow was 46% for 2025 compared to 40% for 2024.Full Year 2025 Business HighlightsMarket RecognitionIndependent analyst firm GigaOm recognized Qualys as a leader across multiple security categories. Qualys' TotalCloud solution was named a Leader and Outperformer in the Cloud Workload Security and Container Radars, and a Leader in Cloud-Native Application Protection Platforms (CNAPP). GigaOm also named Qualys' Cybersecurity Asset Management solution a Leader in the Attack Surface Management Radar, TotalAppSec a Leader in the API Security and Exposure Management Radar, and TruRisk Eliminate/Patch Management the Leader in its Patch Management Solutions Radar.Qualys' Cybersecurity Asset Management was named a Leader in the 2025 KuppingerCole Analysts AG Leadership Compass for Attack Surface Management, while Qualys' TotalCloud solution was named a Leader in the CNAPP Leadership Compass.Qualys' TotalCloud and VMDR solutions were each recognized as best-in-class by SC Awards Europe, underscoring Qualys' excellence and contributions in shaping the future of technology and cybersecurity.IDC recognized Qualys as a leader in its 2025 IDC MarketScape Report for Worldwide Exposure Management.Received two Pwnie Awards (Epic Achievement and Best Remote Code Execution), recognizing the Qualys Threat Research Unit's work in rapid remediation and attack prevention.Gartner Identified Qualys as a 2025 Magic Quadrant Leader in Exposure Assessment Platforms.Products & FeaturesUnveiled an agentic AI agent marketplace delivering agents that act as a digital extension of security teams to autonomously drive cyber risk operations through Qualys' Enterprise TruRisk Management solution.Enhancing our Enterprise TruRisk Management (ETM) solution, we introduced identity security (ETM Identity), industry-specific threat prioritization (TruLens) and exploit validation (TruConfirm) to help organizations predict and guard against new and emerging attack vectors.Successfully launched Qualys' TotalAppSec solution, unifying API security, web application scanning, and malware detection for comprehensive application risk management.Integrated Qualys' Container Security solution with ServiceNow to automate vulnerability detection, prioritization, and remediation seamlessly through ServiceNow workflows.Expanded Qualys' TotalAI solution with advanced AI security capabilities, including multi-modal protections and internal Large Language Model (LLM) scanning to secure the Machine Learning Operations pipeline.Enhanced Qualys Policy Audit solution to streamline evidence collection, prioritize remediation, and support continuous audit readiness.Business DevelopmentsAchieved FedRAMP High Authorization for the Qualys GovCloud Platform, making it one of the few cybersecurity platforms to meet the rigorous federal standards and expanding support for federal, defense, and intelligence agencies.Introduced the Managed Risk Operations Center (mROC), powered by Qualys' Enterprise TruRisk Management solution, along with inaugural mROC Alliance Partners - BlueVoyant, GuidePoint Security, ImagineX, NetHive, The Tech Collective, and Teksalah - to expand global adoption of risk-centric managed services. The mROC partner alliance is now 15 members strong.Expanded Qualys' public sector presence, including opening a Washington, D.C. office and hosting the second annual Public Sector Cyber Risk Conference.Successfully launched ROCon, Qualys' reimagined user conference series, positioning the ROC as the future of cyber risk management, with events in the Americas and APAC focused on translating technical risk into measurable business outcomes, and combined attendance up over 20% from last year's events.Financial Performance OutlookBased on information as of today, February 5, 2026, Qualys is issuing the following financial guidance for the first quarter and full year fiscal 2026. The Company emphasizes that the guidance is subject to various important cautionary factors referenced in the sections entitled "Legal Notice Regarding Forward-Looking Statements" and "Non-GAAP Financial Measures" below.First Quarter 2026 Guidance: Management expects revenues for the first quarter of 2026 to be in the range of $172.5 million to $174.5 million, representing 8% to 9% growth over the same quarter in 2025. GAAP net income per diluted share is expected to be in the range of $1.29 to $1.36, which assumes an effective income tax rate of 21%. Non-GAAP net income per diluted share is expected to be in the range of $1.76 to $1.83, which assumes a non-GAAP effective income tax rate of 20%. First quarter 2026 net income per diluted share estimates are based on approximately 36.0 million weighted average diluted shares outstanding for the quarter.Full Year 2026 Guidance: Management expects revenues for the full year of 2026 to be in the range of $717.0 million to $725.0 million, representing 7% to 8% growth over 2025. GAAP net income per diluted share is expected to be in the range of $5.20 to $5.48. This assumes an effective income tax rate of 21%. Non-GAAP net income per diluted share is expected to be in the range of $7.17 to $7.45. This assumes a non-GAAP effective income tax rate of 20%. Full year 2026 net income per diluted share estimates are based on approximately 35.4 million weighted average diluted shares outstanding.Qualys has not reconciled non-GAAP net income per diluted share guidance to GAAP net income per diluted share guidance because Qualys does not provide guidance on the various reconciling cash and non-cash items between GAAP net income and non-GAAP net income (i.e., stock-based compensation, amortization of intangible assets from acquisitions and non-recurring items). The actual dollar amount of reconciling items in the first quarter and full year 2026 is likely to have a significant impact on the Company's GAAP net income per diluted share in the first quarter and full year 2026. A reconciliation of the non-GAAP net income per diluted share guidance to the GAAP net income per diluted share guidance is not available without unreasonable effort.Investor Conference CallQualys will host a conference call and live webcast to discuss its fourth quarter and full year 2025 financial results at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) on Thursday, February 5, 2026. To access the conference call by phone, please register here. A live webcast of the earnings conference call, investor presentation and prepared remarks can be accessed at https://investor.qualys.com/events-presentations. A replay of the conference call will be available through the same webcast link following the end of the call.Investor Contact Blair King
Senior Vice President, Investor Relations and Financial Planning & Analysis
(650) 538-2088
ir@qualys.comAbout QualysQualys, Inc. (NASDAQ: QLYS) is a leading provider of disruptive cloud-based Security, Compliance and IT solutions with more than 10,000 subscription customers worldwide, including a majority of the Forbes Global 100 and Fortune 100. Qualys helps organizations streamline and consolidate their security and compliance solutions onto a single platform for greater agility, better business outcomes, and substantial cost savings.The Qualys Enterprise TruRisk Platform leverages a single agent to continuously deliver critical security intelligence while enabling enterprises to automate the full spectrum of vulnerability detection, compliance, and protection for IT systems, workloads and web applications across on premises, endpoints, servers, public and private clouds, containers, and mobile devices. Founded in 1999 as one of the first SaaS security companies, Qualys has strategic partnerships and seamlessly integrates its vulnerability management capabilities into security offerings from cloud service providers, including Amazon Web Services, the Google Cloud Platform and Microsoft Azure, along with a number of leading managed service providers and global consulting organizations. For more information, please visit www.qualys.com.Qualys, Qualys VMDR® and the Qualys logo are proprietary trademarks of Qualys, Inc. All other products or names may be trademarks of their respective companies. Legal Notice Regarding Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements generally relate to future events or our future financial or operating performance. Forward-looking statements in this press release include, but are not limited to, quotations of management and statements related to: the benefits of our existing, new and upcoming products, features, integrations, acquisitions, collaborations and joint solutions, and their impact upon our long-term growth; our ability to advance our value proposition and competitive differentiation in the market; our ability to address demand trends; our ability to maintain and strengthen our category leadership; our ability to solve modern security challenges at scale; our strategies and ability to achieve and maintain durable profitable growth; statements regarding our share repurchase; our guidance for revenues, GAAP EPS and non-GAAP EPS for the first quarter and full year 2026; and our expectations for the number of weighted average diluted shares outstanding and the GAAP and non-GAAP effective income tax rate for the first quarter and full year 2026. Our expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected. These risks include our ability to continue to develop platform capabilities and solutions; the ability of our platform and solutions to perform as intended; customer acceptance and purchase of our existing solutions and new solutions; real or perceived defects, errors or vulnerabilities in our products or services; our ability to retain existing customers and generate new customers; the budgeting cycles and seasonal buying patterns of our customers; our ability to maintain government authorizations applicable to our platform; general market, political, economic and business conditions in the United States as well as globally; our ability to manage costs as we increase our customer base and the number of our platform solutions; the market for cloud solutions for IT security and compliance not increasing at the rate we expect; competition from other products and services; fluctuations in currency exchange rates; unexpected fluctuations in our effective income tax rate on a GAAP and non-GAAP basis; our ability to effectively manage our rapid growth and our ability to anticipate future market needs and opportunities; and any unanticipated accounting charges. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.The forward-looking statements in this press release are based on information available to Qualys as of the date hereof, and Qualys disclaims any obligation to update any forward-looking statements, except as required by law.Non-GAAP Financial MeasuresIn addition to reporting financial results in accordance with GAAP, Qualys provides investors with certain non-GAAP financial measures, including non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income, non-GAAP net income, non-GAAP net income per diluted share, Adjusted EBITDA (defined as earnings before interest expense, interest income and other income (expense), net, income taxes, depreciation, amortization, and stock-based compensation) and non-GAAP free cash flows (defined as cash provided by operating activities less purchases of property and equipment, net of proceeds from disposal).In computing non-GAAP financial measures, Qualys excludes the effects of stock-based compensation expense, amortization of intangible assets from acquisitions, non-recurring items and for non-GAAP net income, certain tax effects. Qualys believes that these non-GAAP financial measures help illustrate underlying trends in its business that could otherwise be masked by the effect of the income or expenses that are excluded in non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income, non-GAAP net income, non-GAAP net income per diluted share, Adjusted EBITDA and non-GAAP free cash flows.Furthermore, Qualys uses some of these non-GAAP financial measures to establish budgets and operational goals for managing its business and evaluating its performance. Qualys believes that non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income, non-GAAP net income, non-GAAP net income per diluted share, Adjusted EBITDA and non-GAAP free cash flows provide additional tools for investors to use in comparing its recurring core business operating results over multiple periods with other companies in its industry.Although Qualys does not focus on or use quarterly billings in managing or monitoring the performance of its business, Qualys provides calculated current billings (defined as total revenues recognized in a period plus the sequential change in current deferred revenue in the corresponding period) for the convenience of investors and analysts in building their own financial models.In order to provide a more complete picture of recurring core operating business results, the Company's non-GAAP net income and non-GAAP net income per diluted share include adjustments for non-recurring income tax items and certain tax effects of non-GAAP adjustments to achieve the effective income tax rate on a non-GAAP basis. The Company's non-GAAP effective tax rate may differ from the GAAP effective income tax rate as a result of these income tax adjustments. The Company believes its estimated non-GAAP effective income tax rate of 20% in 2026 is a reasonable estimate under its current global operating structure and core business operations. The Company may adjust this rate during the year to take into account events or trends that it believes materially impact the estimated annual rate. The non-GAAP effective income tax rate could be subject to change for a number of reasons, including but not limited to, significant changes resulting from tax legislation, material changes in geographic mix of revenues and expenses and other significant events.The presentation of this non-GAAP financial information is not intended to be considered in isolation or as a substitute for results prepared in accordance with GAAP. A reconciliation of the non-GAAP financial measures discussed in this press release to the most directly comparable GAAP financial measures is included with the financial statements contained in this press release. Management uses both GAAP and non-GAAP information in evaluating and operating its business internally and as such has determined that it is important to provide this information to investors.Qualys, Inc.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(unaudited) (in thousands, except per share data)
Three Months Ended December 31,
Twelve Months Ended December 31,
2025
2024
2025
2024Revenues$ 175,282
$ 159,191
$ 669,125
$ 607,571Cost of revenues (1)29,167
29,037
114,768
111,482Gross profit146,115
130,154
554,357
496,089Operating expenses:
Research and development (1)28,954
28,302
117,284
111,852Sales and marketing (1)39,755
34,063
143,505
128,303General and administrative (1)18,571
18,376
71,616
68,738Total operating expenses87,280
80,741
332,405
308,893Income from operations58,835
49,413
221,952
187,196Other income (expense), net:
Interest income6,345
6,194
25,251
25,784Other income (expense), net(754)
(1,777)
(375)
(3,158)Total other income, net5,591
4,417
24,876
22,626Income before income taxes64,426
53,830
246,828
209,822Income tax provision11,276
9,865
48,508
36,142Net income$ 53,150
$ 43,965
$ 198,320
$ 173,680Net income per share:
Basic$ 1.48
$ 1.20
$ 5.49
$ 4.72Diluted$ 1.47
$ 1.19
$ 5.44
$ 4.65Weighted average shares used in computing net income per share:
Basic35,822
36,568
36,142
36,799Diluted36,140
37,000
36,453
37,353(1) Includes stock-based compensation as follows:
Cost of revenues$ 2,287
$ 2,162
$ 8,529
$ 8,129Research and development4,787
5,277
20,061
21,188Sales and marketing4,034
3,670
13,807
14,690General and administrative9,545
9,570
34,569
33,126Total stock-based compensation, net of amounts capitalized$ 20,653
$ 20,679
$ 76,966
$ 77,133 Qualys, Inc.CONDENSED CONSOLIDATED BALANCE SHEETS(unaudited)(in thousands)
December 31,
2025
December 31,
2024Assets
Current assets:
Cash and cash equivalents$ 250,258
$ 232,182Short-term marketable securities195,681
149,241Accounts receivable, net170,991
164,551Prepaid expenses and other current assets40,686
39,717Total current assets657,616
585,691Long-term marketable securities250,868
193,887Property and equipment, net23,166
30,349Operating leases - right of use asset46,001
40,968Deferred tax assets, net74,518
81,307Intangible assets, net4,255
6,812Goodwill7,447
7,447Noncurrent restricted cash1,200
1,200Other noncurrent assets30,010
25,876Total assets$ 1,095,081
$ 973,537Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable$ 1,202
$ 1,270Accrued liabilities57,694
45,942Deferred revenues, current401,127
371,457Operating lease liabilities, current7,315
9,721Total current liabilities467,338
428,390Deferred revenues, noncurrent16,285
24,265Operating lease liabilities, noncurrent44,959
37,500Other noncurrent liabilities5,346
6,266Total liabilities533,928
496,421Stockholders' equity:
Common stock36
37Additional paid-in capital731,788
664,879Accumulated other comprehensive income (loss)(4,012)
1,417Accumulated deficit(166,659)
(189,217)Total stockholders' equity561,153
477,116Total liabilities and stockholders' equity$ 1,095,081
$ 973,537 Qualys, Inc.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(unaudited)(in thousands)
Twelve Months Ended December 31,
2025
2024Cash flow from operating activities:
Net income$ 198,320
$ 173,680Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense14,491
18,513Provision for credit losses1,226
764Stock-based compensation, net of amounts capitalized76,966
77,133Accretion of discount on marketable securities, net(3,440)
(6,735)Deferred income taxes8,412
(19,465)Changes in operating assets and liabilities:
Accounts receivable(7,666)
(19,089)Prepaid expenses and other assets(7,821)
(14,655)Accounts payable27
219Accrued liabilities and other noncurrent liabilities7,195
2,945Deferred revenues21,690
30,784Net cash provided by operating activities309,400
244,094Cash flow from investing activities:
Purchases of marketable securities(349,150)
(368,277)Sales and maturities of marketable securities248,216
309,184Purchases of property and equipment(4,990)
(12,334)Net cash used in investing activities(105,924)
(71,427)Cash flow from financing activities:
Repurchase of common stock(183,425)
(139,875)Proceeds from exercise of stock options16,294
17,269Payments for taxes related to net share settlement of equity awards(25,020)
(28,416)Proceeds from issuance of common stock through employee stock purchase plan6,751
6,872Payment of acquisition-related holdback—
(1,500)Net cash used in financing activities(185,400)
(145,650)Net increase in cash, cash equivalents and restricted cash18,076
27,017Cash, cash equivalents and restricted cash at beginning of period233,382
206,365Cash, cash equivalents and restricted cash at end of period$ 251,458
$ 233,382 Qualys, Inc. RECONCILIATION OF NON-GAAP DISCLOSURES ADJUSTED EBITDA (unaudited) (in thousands, except percentages)
Three Months Ended December 31,
Twelve Months Ended December 31,
2025
2024
2025
2024Net income$ 53,150
$ 43,965
$ 198,320
$ 173,680Net income as a percentage of revenues30 %
28 %
30 %
29 %Depreciation and amortization of property and equipment2,499
3,464
11,934
15,610Amortization of intangible assets639
639
2,557
2,903Income tax provision11,276
9,865
48,508
36,142Stock-based compensation20,653
20,679
76,966
77,133Total other income, net(5,591)
(4,417)
(24,876)
(22,626)Adjusted EBITDA$ 82,626
$ 74,195
$ 313,409
$ 282,842Adjusted EBITDA as a percentage of revenues47 %
47 %
47 %
47 % Qualys, Inc.RECONCILIATION OF NON-GAAP DISCLOSURES (unaudited) (in thousands, except per share data)
Three Months Ended December 31,
Twelve Months Ended December 31,
2025
2024
2025
2024GAAP Cost of revenues$ 29,167
$ 29,037
$ 114,768
$ 111,482Less: Stock-based compensation(2,287)
(2,162)
(8,529)
(8,129)Less: Amortization of intangible assets(639)
(639)
(2,557)
(2,837)Non-GAAP Cost of revenues$ 26,241
$ 26,236
$ 103,682
$ 100,516GAAP Gross profit$ 146,115
$ 130,154
$ 554,357
$ 496,089Plus: Stock-based compensation2,287
2,162
8,529
8,129Plus: Amortization of intangible assets639
639
2,557
2,837Non-GAAP Gross Profit$ 149,041
$ 132,955
$ 565,443
$ 507,055GAAP Research and development$ 28,954
$ 28,302
$ 117,284
$ 111,852Less: Stock-based compensation(4,787)
(5,277)
(20,061)
(21,188)Less: Amortization of intangible assets—
—
—
(66)Non-GAAP Research and development$ 24,167
$ 23,025
$ 97,223
$ 90,598GAAP Sales and marketing$ 39,755
$ 34,063
$ 143,505
$ 128,303Less: Stock-based compensation(4,034)
(3,670)
(13,807)
(14,690)Non-GAAP Sales and marketing$ 35,721
$ 30,393
$ 129,698
$ 113,613GAAP General and administrative$ 18,571
$ 18,376
$ 71,616
$ 68,738Less: Stock-based compensation(9,545)
(9,570)
(34,569)
(33,126)Non-GAAP General and administrative$ 9,026
$ 8,806
$ 37,047
$ 35,612GAAP Operating expenses$ 87,280
$ 80,741
$ 332,405
$ 308,893Less: Stock-based compensation(18,366)
(18,517)
(68,437)
(69,004)Less: Amortization of intangible assets—
—
—
(66)Non-GAAP Operating expenses$ 68,914
$ 62,224
$ 263,968
$ 239,823GAAP Income from operations$ 58,835
$ 49,413
$ 221,952
$ 187,196Plus: Stock-based compensation20,653
20,679
76,966
77,133Plus: Amortization of intangible assets639
639
2,557
2,903Non-GAAP Income from operations$ 80,127
$ 70,731
$ 301,475
$ 267,232GAAP Net income$ 53,150
$ 43,965
$ 198,320
$ 173,680Plus: Stock-based compensation20,653
20,679
76,966
77,133Plus: Amortization of intangible assets639
639
2,557
2,903Less: Tax adjustment(6,727)
(5,916)
(20,028)
(24,728)Non-GAAP Net income$ 67,715
$ 59,367
$ 257,815
$ 228,988GAAP Net income per share:
Basic$ 1.48
$ 1.20
$ 5.49
$ 4.72Diluted$ 1.47
$ 1.19
$ 5.44
$ 4.65Non-GAAP Net income per share:
Basic$ 1.89
$ 1.62
$ 7.13
$ 6.22Diluted$ 1.87
$ 1.60
$ 7.07
$ 6.13Weighted average shares used in GAAP and non-GAAP net income per share:Basic35,822
36,568
36,142
36,799Diluted36,140
37,000
36,453
37,353 Qualys, Inc. RECONCILIATION OF NON-GAAP DISCLOSURES FREE CASH FLOWS (unaudited) (in thousands)
Twelve Months Ended December 31,
2025
2024GAAP Cash flows provided by operating activities$ 309,400
$ 244,094Less:
Purchases of property and equipment, net of proceeds from disposal(4,990)
(12,334)Non-GAAP Free cash flows$ 304,410
$ 231,760 Qualys, Inc. RECONCILIATION OF NON-GAAP DISCLOSURES CALCULATED CURRENT BILLINGS (unaudited) (in thousands, except percentages)
Three Months Ended December 31,
2025
2024GAAP Revenue$ 175,282
$ 159,191GAAP Revenue growth compared to same quarter of prior year10 %
10 %Plus: Current deferred revenue at December 31401,127
371,457Less: Current deferred revenue at September 30(371,476)
(337,821)Non-GAAP Calculated current billings$ 204,933
$ 192,827Calculated current billings growth compared to same quarter of prior year6 %
13 %
View original content:https://www.prnewswire.com/news-releases/qualys-announces-fourth-quarter-and-full-year-2025-financial-results-302680676.htmlSOURCE Qualys, Inc.
Original: Qualys Announces Fourth Quarter and Full Year 2025 Financial Results
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