Qualys, Inc. provides cloud-based platform delivering information technology (IT), security, and compliance solutions in the United States and internationally. The company provides Qualys Cloud Apps, which include cybersecurity asset management; enterprise TruRisk management; vulnerability management, detection, and response; total application security; patch management; custom assessment and remediation; multi-vector endpoint detection and response; policy audit; and file integrity monitoring. It offers TotalCloud, a cloud-native application protection platform, which include cloud workload protection, cloud detection and response, cloud security posture management, infrastructure as code, SaaS security posture management, cloud infrastructure and entitlement management, and Kubernetes and container security. In addition, the company markets and sells IT, security, and compliance solutions; offers Qualys' Enterprise TruRisk platform that enables customers to identify and manage IT and operational technology assets; collect and analyze IT security data; discover and prioritize vulnerabilities; quantify cyber risk exposure; recommend and implement remediation actions; and verify the implementation of such actions. Further, it offers asset tagging and management; reporting and dashboards; questionnaires and collaboration; remediation and workflow; big data correlation and analytics engine; and alerts and notifications. The company offers its solutions to enterprises, government entities, and small and medium-sized businesses in various industries, including education, financial services, government, healthcare, insurance, manufacturing, media, retail, technology, and utilities through its sales teams, as well as through security consulting organizations, managed service providers, resellers, cloud providers, and consulting firms. Qualys, Inc. was incorporated in 1999 and is headquartered in Foster City, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $669M | $236M | $198M | $304M | 35.3% | 10.1% | 14.2% |
| 2024 | $608M | $206M | $174M | $232M | 36.4% | 9.6% | 14.6% |
| 2023 | $554M | $190M | $152M | $236M | 41.2% | 13.2% | 40.4% |
| 2022 | $490M | $165M | $108M | $175M | 37.4% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 489.72 | 554.46 | 607.57 | 669.12 |
| Operating Revenue | - | 489.72 | 554.46 | 607.57 | 669.12 |
| Cost Of Revenue | - | 102.79 | 107.48 | 111.48 | 114.77 |
| Gross Profit | - | 386.94 | 446.97 | 496.09 | 554.36 |
| Operating Expense | - | 256.39 | 283.90 | 308.89 | 332.40 |
| Research And Development | - | 101.19 | 110.47 | 111.85 | 117.28 |
| Selling General And Administration | - | 155.20 | 173.43 | 197.04 | 215.12 |
| Total Expenses | - | 359.18 | 391.39 | 420.38 | 447.17 |
| Operating Income | - | 130.55 | 163.07 | 187.20 | 221.95 |
| Total Operating Income As Reported | - | 130.55 | 163.07 | 187.20 | 221.95 |
| EBITDA | - | 165.17 | 190.06 | 205.71 | 236.44 |
| Normalized EBITDA | - | 166.94 | 190.76 | 208.90 | 236.87 |
| EBIT | - | 130.55 | 163.07 | 187.20 | 221.95 |
| Interest Income | - | 5.19 | 16.90 | 25.78 | 25.25 |
| Interest Expense | 0 | 0 | - | - | - |
| Net Interest Income | - | 5.19 | 16.90 | 25.78 | 25.25 |
| Other Non Operating Income Expenses | - | -0.27 | -0.63 | 0.03 | 0.05 |
| Other Income Expense | - | -2.04 | -1.32 | -3.16 | -0.38 |
| Interest Income Non Operating | - | 5.19 | 16.90 | 25.78 | 25.25 |
| Interest Expense Non Operating | 0 | 0 | - | - | - |
| Net Non Operating Interest Income Expense | - | 5.19 | 16.90 | 25.78 | 25.25 |
| Pretax Income | - | 133.70 | 178.65 | 209.82 | 246.83 |
| Tax Provision | - | 25.71 | 27.06 | 36.14 | 48.51 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.34 | -0.11 | -0.55 | -0.08 |
| Net Income Continuous Operations | - | 107.99 | 151.60 | 173.68 | 198.32 |
| Net Income From Continuing And Discontinued Operation | - | 107.99 | 151.60 | 173.68 | 198.32 |
| Net Income From Continuing Operation Net Minority Interest | - | 107.99 | 151.60 | 173.68 | 198.32 |
| Net Income | - | 107.99 | 151.60 | 173.68 | 198.32 |
| Net Income Common Stockholders | - | 107.99 | 151.60 | 173.68 | 198.32 |
| Net Income Including Noncontrolling Interests | - | 107.99 | 151.60 | 173.68 | 198.32 |
| Normalized Income | - | 109.42 | 152.19 | 176.32 | 198.66 |
| Diluted NI Availto Com Stockholders | - | 107.99 | 151.60 | 173.68 | 198.32 |
| Basic Average Shares | - | 38.45 | 36.88 | 36.80 | 36.14 |
| Diluted Average Shares | - | 39.34 | 37.60 | 37.35 | 36.45 |
| Reconciled Depreciation | - | 34.62 | 26.99 | 18.51 | 14.49 |
| Reconciled Cost Of Revenue | - | 102.79 | 107.48 | 111.48 | 114.77 |
| Total Unusual Items | - | -1.77 | -0.70 | -3.19 | -0.42 |
| Total Unusual Items Excluding Goodwill | - | -1.77 | -0.70 | -3.19 | -0.42 |
| Gain On Sale Of Security | - | -1.77 | -0.70 | -3.19 | -0.42 |
| General And Administrative Expense | - | 57.98 | 61.74 | 68.74 | 71.62 |
| Other Gand A | - | 57.98 | 61.74 | 68.74 | 71.62 |
| Selling And Marketing Expense | - | 97.22 | 111.69 | 128.30 | 143.50 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Qualys, Inc.this co. | QLYS | $3.9B | 19.80β discount | 7.00 | 35.3% | 15.77 |
| Belden Inc. | BDC | $4.3B | 18.15 | 3.41 | 18.8% | 12.03 |
| nLIGHT, Inc. | LASR | $4.2B | -180.02 | 18.63 | -10.3% | -560.38 |
| Remitly Global, Inc. | RELY | $4.2B | 61.40 | 4.80 | 7.8% | 30.32 |
| Innodata Inc. | INOD | $4.0B | 123.29 | 37.03 |
| - |
| - |
| - |
| - |
| 30.0% |
| 83.18 |
| Bel Fuse Inc. | BELFB | $3.9B | 63.91 | 9.24 | 14.5% | 30.04 |
| Varonis Systems, Inc. | VRNS | $3.9B | - | 6.52 | -21.6% | - |
| Penguin Solutions, Inc. | PENG | $3.7B | 147.30 | 9.49 | 6.4% | 33.90 |
| Aehr Test Systems, Inc. | AEHR | $3.7B | -937.81 | 29.84 | -3.2% | -2563.73 |
| Peer Median | - | 61.40 | 9.37 | 7.1% | 30.04 | |