QUALYS, INC.

Listed Company

QLYSCIK 0001107843NasdaqLarge AcceleratedServices-Prepackaged SoftwareDelawareFY ends Dec 31

Period

FY 2025

Revenue

$669.13M

Net Income

$198.32M

Total Assets

$1.10B

Equity

$561.15M

Shares Out

35.68M

Op. Cash Flow

$309.40M

Business

QUALYS, INC. provides a cloud-based platform that delivers IT, security and compliance solutions. It offers Cloud Apps including vulnerability management, asset management, web application scanning, patch and remediation tools, endpoint detection and policy compliance to detect, prioritize, remediate and verify cyber risk. Its business is organized around the Enterprise TruRisk Platform, shared core services, the Qualys Cloud Apps and a Qualys Private Cloud Platform offering. Qualys distributes solutions via direct field and inside sales, channel partners and online channels to enterprises, government entities and small-to-medium businesses across the Americas, EMEA and Asia‑Pacific.

Summary from filing dated 2025-02-21

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	669	608	554	490	411
Cost of revenues	115	111	107	103	89
Gross profit	554	496	447	387	322
Research and development	117	112	110	101	81
Sales and marketing	144	128	112	97	76
General and administrative	72	69	62	58	76
Total operating expenses	332	309	284	256	234
Income from operations	222	187	163	131	88
Interest income	25	26	17	5	2
Other expense, net	−375,000	−3	−1	−2	−573,000
Total other income, net	25	23	16	3	2
Income before income taxes	247	210	179	134	89
Income tax provision	49	36	27	26	18
Net income	198	174	152	108	71
Basic (in USD per share)	5.49	4.72	4.11	2.81	1.82
Diluted (in USD per share)	5.44	4.65	4.03	2.74	1.77
Basic (in shares)	36	37	37	38	39
Diluted (in shares)	36	37	38	39	40

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	250	232	204	174	137
Short-term marketable securities	196	149	222	—	—
Accounts receivable, net of allowance of $1,581 and $1,064 as of December 31, 2025 and 2024, respectively	171	165	146	122	109
Prepaid expenses and other current assets	41	40	27	30	32
Total current assets	658	586	600	473	546
Long-term marketable securities	251	194	57	—	—
Property and equipment, net	23	30	33	47	62
Operating leases - right of use asset	46	41	22	34	37
Deferred tax assets, net	75	81	63	45	25
Intangible assets, net	4	7	10	13	7
Goodwill	7	7	7	7	7
Noncurrent restricted cash	1	1	1	3	1
Other noncurrent assets	30	26	20	19	18
Total assets	1,095	974	813	701	815
Accounts payable	1	1	988,000	3	1
Accrued liabilities	58	46	43	43	33
Deferred revenues, current	401	371	333	294	258
Operating lease liabilities, current	7	10	12	13	13
Total current liabilities	467	428	389	352	304
Deferred revenues, noncurrent	16	24	32	23	33
Operating lease liabilities, noncurrent	45	38	17	29	36
Other noncurrent liabilities	5	6	7	7	5
Total liabilities	534	496	444	412	378
Commitments and contingencies (Note 8)	—	—	—	—	—
Preferred stock: $0.001 par value; 20,000 shares authorized, no shares issued and outstanding as of December 31, 2025 and 2024	0	0	0	0	0
Common stock: $0.001 par value; 1,000,000 shares authorized, 35,730 and 36,503 shares issued and outstanding as of December 31, 2025 and 2024, respectively	36,000	37,000	37,000	37,000	39,000
Additional paid-in capital	732	665	598	512	477
Accumulated other comprehensive income (loss)	−4	1	−2	−2	1
Accumulated deficit	−167	−189	−228	−221	−42
Total stockholders equity	561	477	368	289	437
Total liabilities and stockholders equity	1,095	974	813	701	815

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization expense	14	19	27	35	36
Provision for credit losses	1	764,000	547,000	590,000	402,000
Loss on non-marketable securities	0	0	533,000	0	0
Stock-based compensation, net of amounts capitalized	77	77	69	53	68
Accretion of discount on marketable securities, net	−3	−7	−6	833,000	4
Deferred income taxes	8	−19	−17	−20	−10
Accounts receivable	−8	−19	−25	−13	−9
Prepaid expenses and other assets	−8	−15	−3	4	−16
Accounts payable	27,000	219,000	−2	2	−32,000
Accrued liabilities and other noncurrent liabilities	7	3	451,000	4	9
Deferred revenues	22	31	48	25	47
Net cash provided by operating activities	309	244	245	199	201
Purchases of marketable securities	−349	−368	−307	−179	−368
Sales and maturities of marketable securities	248	309	242	348	364
Purchases of property and equipment	−5	−12	−9	−15	−24
Net cash used in investing activities	−106	−71	−73	145	−30
Repurchase of common stock	−183	−140	−171	−317	−130
Proceeds from exercise of stock options	16	17	46	24	50
Payments for taxes related to net share settlement of equity awards	−25	−28	−22	−18	−28
Proceeds from issuance of common stock through employee stock purchase plan	7	7	6	4	0
Payment of acquisition-related holdback	0	−2	0	0	—
Net cash used in financing activities	−185	−146	−141	−306	−108
Net increase in cash, cash equivalents and restricted cash	18	27	30	38	63
Cash paid for income taxes, net of refunds	41	61	35	40	35
Purchases of property and equipment recorded in accounts payable and accrued liabilities	540,000	843,000	144,000	470,000	2
Accrual for repurchase of common stock	798,000	802,000	0	0	—

Filings

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