QUALYS, INC. QLYS
We are a leading provider of a cloud-based platform delivering information technology (IT), security and compliance solutions. Our integrated suite of IT, security and compliance solutions delivered on Qualys' Enterprise TruRisk Platform enables our customers to: 1) identify and manage their internal and external IT and operational technology (OT) assets across on-premises, endpoints, cloud, containers, and mobile environments; 2) collect and analyze large amounts of IT security data; 3) discover and prioritize vulnerabilities; 4) quantify cyber risk exposure; 5) recommend and implement remediation actions; and 6) verify the implementation of such actions. This helps organizations protect their systems and applications from ever-evolving cyber-attacks and helps achieve compliance with internal policies and external regulations.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $669.1M | $607.6M | $554.5M | $489.7M | $411.2M | $363.0M | $321.6M | $278.9M | $230.8M | $197.9M |
| Cost of revenue | $114.8M | $111.5M | $107.5M | $102.8M | $89.4M | $79.2M | $69.5M | $66.2M | $51.6M | $43.1M |
| Gross profit | $554.4M | $496.1M | $447.0M | $386.9M | $321.7M | $283.7M | $252.1M | $212.7M | $179.2M | $154.8M |
| R&D | $117.3M | $111.9M | $110.5M | $101.2M | $81.3M | $72.5M | $68.2M | $53.3M | $42.8M | $36.6M |
| SG&A | $71.6M | $68.7M | $61.7M | $58.0M | $76.3M | $46.6M | $40.8M | $39.0M | $35.3M | $29.1M |
| Total operating expenses | $332.4M | $308.9M | $283.9M | $256.4M | $234.1M | $187.1M | $179.8M | $162.3M | $142.0M | $124.7M |
| Operating income | $222.0M | $187.2M | $163.1M | $130.5M | $87.7M | $96.7M | $72.3M | $50.4M | $37.2M | $30.1M |
| Interest expense | — | — | — | $0 | $0 | $9.0K | $106.0K | $172.0K | $3.0K | $26.0K |
| Pre-tax income | $246.8M | $209.8M | $178.7M | $133.7M | $89.4M | $102.0M | $80.0M | $55.5M | $39.4M | $30.4M |
| Income tax | $48.5M | $36.1M | $27.1M | $25.7M | $18.4M | $10.5M | $10.6M | $1.8M | $1.1M | $11.2M |
| Net income | $198.3M | $173.7M | $151.6M | $108.0M | $71.0M | $91.6M | $69.3M | $57.3M | $40.4M | $19.2M |
| EPS, basic | 5.49 | 4.72 | 4.11 | 2.81 | 1.82 | 2.34 | 1.77 | 1.47 | 1.08 | 0.55 |
| EPS, diluted | 5.44 | 4.65 | 4.03 | 2.74 | 1.77 | 2.25 | 1.68 | 1.37 | 1.01 | 0.50 |
| Shares, diluted (wtd. avg.) | $36.5M | $37.4M | $37.6M | $39.3M | $40.1M | $40.7M | $41.3M | $41.9M | $40.1M | $38.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $250.3M | $232.2M | $203.7M | $173.7M | $137.3M | $74.1M | $87.6M | $41.0M | $87.8M | $87.9M |
| Short-term investments | — | — | $221.9M | $147.6M | $268.0M | $281.9M | $211.3M | $248.1M | $201.8M | $157.1M |
| Receivables | $171.0M | $164.6M | $146.2M | $121.8M | $109.0M | $100.2M | $78.0M | $75.8M | $64.4M | $47.0M |
| Total current assets | $657.6M | $585.7M | $600.0M | $473.3M | $546.4M | $475.3M | $395.6M | $379.0M | $369.4M | $300.7M |
| Property, plant and equipment | $23.2M | $30.3M | $32.6M | $47.4M | $61.9M | $64.8M | $60.6M | $61.4M | $58.6M | $39.4M |
| Goodwill | $7.4M | $7.4M | $7.4M | $7.4M | $7.4M | $7.4M | $7.4M | $7.2M | $1.5K | $317.0K |
| Other intangibles | $4.3M | $6.8M | $9.7M | $12.8M | $6.5M | $12.0M | $16.8M | $22.0M | $12.4M | $987.0K |
| Total assets | $1.10B | $973.5M | $812.6M | $700.9M | $814.6M | $736.8M | $675.6M | $585.7M | $537.5M | $407.0M |
| Accounts payable | $1.2M | $1.3M | $988.0K | $2.8M | $1.3M | $731.0K | $848.0K | $5.6M | $1.1M | $2.1M |
| Total current liabilities | $467.3M | $428.4M | $389.2M | $352.2M | $304.3M | $255.7M | $223.5M | $196.9M | $165.8M | $130.3M |
| Total liabilities | $533.9M | $496.4M | $444.4M | $411.8M | $377.8M | $332.3M | $288.8M | $227.7M | $194.0M | $148.6M |
| Retained earnings | -$166.7M | -$189.2M | -$228.1M | -$221.4M | -$41.7M | $3.6M | $23.2M | $28.0M | $39.9M | -$8.3M |
| Total equity | $561.2M | $477.1M | $368.2M | $289.1M | $436.7M | $404.5M | $386.8M | $358.0M | $343.5M | $258.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $309.4M | $244.1M | $244.6M | $198.9M | $200.6M | $180.1M | $160.6M | $125.5M | $107.6M | $69.3M |
| Depreciation and amortisation | $14.5M | $18.5M | $27.0M | $34.6M | $35.9M | $32.8M | $31.2M | $28.9M | $20.6M | $17.0M |
| Stock-based compensation | $77.0M | $77.1M | $69.1M | $53.4M | $67.6M | $40.0M | $34.9M | $30.1M | $27.0M | $20.1M |
| Capital expenditure | $5.0M | $12.3M | $8.8M | $15.4M | $24.4M | $30.0M | $27.6M | $22.8M | $37.8M | $23.2M |
| Investing cash flow | -$105.9M | -$71.4M | -$73.2M | $145.1M | -$29.5M | -$80.9M | -$35.0M | -$93.5M | -$118.2M | -$96.5M |
| Financing cash flow | -$185.4M | -$145.7M | -$141.5M | -$306.0M | -$107.9M | -$112.6M | -$79.0M | -$77.5M | $10.4M | $23.4M |
| Buybacks | $183.4M | $139.9M | $170.8M | $317.3M | $130.0M | $126.7M | $86.4M | $85.0M | $0 | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-016101.
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