MARKETS / NASDAQ / QLYS

NASDAQ · SERVICES-PREPACKAGED SOFTWARE · LARGE CAP

Qualys, Inc. QLYS

16 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$669.1M

▲ 10.1% YoY

Net income

$198.3M

▲ 14.2% YoY

Free cash flow

$304.4M

▲ 31.3% YoY

In brief

What this company does

Qualys provides a cloud-based platform delivering information technology, security and compliance solutions. Its cloud platform is used by over 10,000 customers worldwide, including a majority of the Forbes Global 100. Its revenues increased to $669.1 million in 2025 from $607.6 million in 2024 and $554.5 million in 2023. As of December 31, 2025, it had 2,625 full-time employees, including 1,262 in research and development, 524 in sales and marketing, 592 in operations and customer support, and 247 in general and administrative. In 2025, 2024 and 2023, 56%, 58% and 60%, respectively, of its revenues were derived from customers in the United States based on billing addresses. The company was founded and incorporated in December 1999, and launched its first cloud solution, Vulnerability Management, in 2000.

Written from the business description in QUALYS, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 20 February 2026. Every sentence was checked against that document before publication.

Growth

USD 669.1M

Revenue, FY2025 · full 16-year series below

Revenue $M Net income $M

FY2025 · Revenue 669.1 · Net income 198.3

Compound annual growth

Revenue

+11.0%

+13.0%

+16.8%

Net income

+22.5%

+16.7%

+26.3%

+43.9%

EPS, diluted

+25.7%

+19.3%

+27.0%

Returned to shareholders

−17.3%

+6.9%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +13.0% a year over five years — but profit grew faster: net income at +16.7%, earnings per share at +19.3%.

The share count fell from 0.04B to 0.04B — the buyback concentrates the same profit into fewer slices.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

30 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 33.2% · Net 29.6%

ROE

FY2025 · ROE 38.2%

Gross margin82.8%

Operating margin33.2%

Net margin29.6%

Return on assets19.2%

EBITDAUSD 236.4M

Each USD of equity produced 38 cents of profit this year.

Cash & shareholders

USD 176.7M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 304.4

Net buybacks $M Dividends $M

FY2025 · Dividends — · Net buybacks 176.7

Dividends paid—

Net buybacksUSD 176.7M

Share of profit89.1%

Consecutive raises—

USD 176.7M in buybacks — 89% of the year's profit went back to shareholders.

Total assetsUSD 1.1B

EquityUSD 561.2M

CashUSD 250.3M

Current ratio1.41×

Equity funds 51% of total assets.

The 16-year record

16 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue $B	0.7	0.6	0.6	0.5	0.4	0.4	0.3	0.3	0.2	0.2	0.2	0.1	0.1	0.1	0.1	0.1
Operating income $B	0.2	0.2	0.2	0.1	0.1	0.1	0.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
EBITDA $B	0.2	0.2	0.2	0.2	0.1	0.1	0.1	0.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Income tax $B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	−0.0	−0.0	0.0	0.0	−0.0	0.0	0.0	0.0	−0.0
Net income $B	0.2	0.2	0.2	0.1	0.1	0.1	0.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Free cash flow $B	0.3	0.2	0.2	0.2	0.2	0.2	0.1	0.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0
EPS, diluted $	5.44	4.65	4.03	2.74	1.77	2.25	1.68	1.37	1.01	0.50	0.50	0.81	0.04	0.08	0.08	0.04
Dividend / sh $	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·
Payout %	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·
ROE %	38.2	41.1	46.1	29.8	16.9	23.1	18.6	16.3	13.4	8.5	11.1	23.7	1.6	16.4	·	·
Shares out B	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.03	0.03	0.03	0.03	0.01	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 78 reconciliationsAUDITED

Reconciled in 16 of 19 fiscal years. 17 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityServices-Prepackaged Software

Listed onNASDAQ

Incorporated inDelaware

Fiscal year endsDecember 31

Data on record since2010