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Qualys (QLYS) Financials

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$108.31 +7.94 (+7.91%)
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Annual Income Statements for Qualys

Annual Income Statements for Qualys

This table shows Qualys' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 16 19 40 57 69 92 71 108 152 174 198
Consolidated Net Income / (Loss)		 16 19 40 57 69 92 71 108 152 174 198
Net Income / (Loss) Continuing Operations		 16 19 40 57 69 92 71 108 152 174 198
Total Pre-Tax Income 		25 30 39 55 80 102 89 134 179 210 247
Total Operating Income		 25 30 37 50 72 97 88 131 163 187 222
Total Gross Profit		 130 155 179 213 252 284 322 387 447 496 554
Total Revenue		 164 198 231 279 322 363 411 490 554 608 669
Operating Revenue		 164 198 231 279 322 363 411 490 554 608 669
Total Cost of Revenue		 34 43 52 66 70 79 89 103 107 111 115
Operating Cost of Revenue		 34 43 52 66 70 79 89 103 107 111 115
Total Operating Expenses		 105 125 142 162 180 187 234 256 284 309 332
Selling, General & Admin Expense		 24 29 35 39 41 47 76 58 62 69 72
Marketing Expense		 50 59 64 70 71 68 76 97 112 128 144
Research & Development Expense		 30 37 43 53 68 73 81 101 110 112 117
Total Other Income / (Expense), net		 -0.29 0.32 2.32 5.11 7.73 5.38 1.71 3.15 16 23 25
Interest & Investment Income		 0.57 1.32 2.67 6.08 8.44 5.39 2.29 5.19 17 26 25
Other Income / (Expense), net		 -0.85 -0.97 -0.36 -0.80 -0.61 0.01 -0.57 -2.04 -1.32 -3.16 -0.38
Income Tax Expense		 8.66 11 -1.06 -1.84 11 10 18 26 27 36 49
Basic Earnings per Share		 $0.47 $0.55 $1.08 $1.47 $1.77 $2.34 $1.82 $2.81 $4.11 $4.72 $5.49
Weighted Average Basic Shares Outstanding		 34.05M 35.25M 37.44M 38.88M 39.08M 39.17M 39.03M 38.45M 36.88M 36.80M 36.14M
Diluted Earnings per Share		 $0.42 $0.50 $1.01 $1.37 $1.68 $2.25 $1.77 $2.74 $4.03 $4.65 $5.44
Weighted Average Diluted Shares Outstanding		 38.18M 38.37M 40.07M 41.90M 41.28M 40.74M 40.12M 39.34M 37.60M 37.35M 36.45M
Weighted Average Basic & Diluted Shares Outstanding		 33.80M 35M 37.40M 39M 39.09M 39.21M 39.03M 37.01M 36.98M 36.48M 35.68M

Quarterly Income Statements for Qualys

This table shows Qualys' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 47 41 40 44 46 44 48 47 50 53 51
Consolidated Net Income / (Loss)		 47 41 40 44 46 44 48 47 50 53 51
Net Income / (Loss) Continuing Operations		 47 41 40 44 46 44 48 47 50 53 51
Total Pre-Tax Income 		48 48 49 54 52 54 58 59 65 64 65
Total Operating Income		 44 41 45 48 45 49 52 51 60 59 61
Total Gross Profit		 115 117 119 122 125 130 131 135 142 146 146
Total Revenue		 142 145 146 149 154 159 160 164 170 175 176
Operating Revenue		 142 145 146 149 154 159 160 164 170 175 176
Total Cost of Revenue		 27 27 27 26 29 29 29 29 28 29 30
Operating Cost of Revenue		 27 27 27 26 29 29 29 29 28 29 30
Total Operating Expenses		 72 76 74 74 80 81 79 84 82 87 85
Selling, General & Admin Expense		 16 17 17 15 18 18 17 18 18 19 17
Marketing Expense		 28 32 29 32 33 34 33 36 35 40 39
Research & Development Expense		 28 27 28 27 29 28 29 30 29 29 29
Total Other Income / (Expense), net		 4.43 6.12 4.72 6.12 7.37 4.42 6.55 7.41 5.33 5.59 4.11
Interest & Investment Income		 5.14 5.56 6.12 6.70 6.76 6.19 6.24 6.41 6.26 6.35 6.18
Other Income / (Expense), net		 -0.71 0.56 -1.40 -0.59 0.61 -1.78 0.32 1.00 -0.94 -0.75 -2.07
Income Tax Expense		 1.51 7.00 9.75 10 6.11 9.87 11 12 15 11 14
Basic Earnings per Share		 $1.27 $1.09 $1.08 $1.19 $1.26 $1.19 $1.30 $1.30 $1.40 $1.49 $1.42
Weighted Average Basic Shares Outstanding		 36.77M 36.88M 36.96M 36.92M 36.76M 36.80M 36.47M 36.25M 36.04M 36.14M 35.61M
Diluted Earnings per Share		 $1.24 $1.07 $1.05 $1.17 $1.24 $1.19 $1.29 $1.29 $1.39 $1.47 $1.42
Weighted Average Diluted Shares Outstanding		 37.45M 37.60M 37.72M 37.46M 37.14M 37.35M 36.78M 36.52M 36.29M 36.45M 35.68M
Weighted Average Basic & Diluted Shares Outstanding		 36.79M 36.98M 36.94M 36.81M 36.59M 36.48M 36.33M 36.10M 35.86M 35.68M 35.22M

Annual Cash Flow Statements for Qualys

This table details how cash moves in and out of Qualys' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 15 -3.76 -0.15 -46 47 -13 63 38 30 27 18
Net Cash From Operating Activities		 66 69 108 125 161 180 201 199 245 244 309
Net Cash From Continuing Operating Activities		 66 69 108 125 161 180 201 199 245 244 309
Net Income / (Loss) Continuing Operations		 16 19 40 57 69 92 71 108 152 174 198
Consolidated Net Income / (Loss)		 16 19 40 57 69 92 71 108 152 174 198
Depreciation Expense		 14 17 21 29 31 33 36 35 27 19 14
Amortization Expense		 0.59 1.00 1.32 -1.14 -1.60 0.83 3.87 0.83 -5.71 -6.74 -3.44
Non-Cash Adjustments To Reconcile Net Income		 18 12 28 30 35 41 69 54 70 78 78
Changes in Operating Assets and Liabilities, net		 17 20 17 10 26 14 21 1.40 1.57 -19 22
Net Cash From Investing Activities		 -61 -96 -118 -94 -35 -81 -30 145 -73 -71 -106
Net Cash From Continuing Investing Activities		 -61 -96 -118 -94 -35 -81 -30 145 -73 -71 -106
Purchase of Property, Plant & Equipment		 -20 -23 -38 -23 -28 -30 -24 -15 -8.79 -12 -4.99
Purchase of Investments		 -147 -223 -300 -342 -331 -392 -368 -179 -307 -368 -349
Sale and/or Maturity of Investments		 106 150 232 285 328 342 364 348 242 309 248
Net Cash From Financing Activities		 11 23 10 -77 -79 -113 -108 -306 -141 -146 -185
Net Cash From Continuing Financing Activities		 11 23 10 -77 -79 -113 -108 -306 -141 -146 -185
Repurchase of Common Equity		 - 0.00 0.00 -85 -86 -127 -130 -317 -171 -140 -183
Issuance of Common Equity		 - - - - - 0.00 0.00 4.45 6.08 6.87 6.75
Other Financing Activities, net		 11 23 10 9.17 7.38 14 22 6.87 23 -13 -8.73
Cash Income Taxes Paid		 1.00 0.00 1.58 2.69 3.03 8.06 35 40 35 61 41

Quarterly Cash Flow Statements for Qualys

This table details how cash moves in and out of Qualys' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 23 -5.06 69 7.42 -46 -3.25 58 -97 31 25 29
Net Cash From Operating Activities		 92 34 86 50 61 48 110 34 90 76 95
Net Cash From Continuing Operating Activities		 92 34 86 50 61 48 110 34 90 76 95
Net Income / (Loss) Continuing Operations		 47 41 40 44 46 44 48 47 50 53 51
Consolidated Net Income / (Loss)		 47 41 40 44 46 44 48 47 50 53 51
Depreciation Expense		 6.69 5.85 5.24 4.78 4.39 4.10 4.18 3.98 3.20 3.14 3.04
Amortization Expense		 -2.09 -2.21 -1.92 -1.61 -1.71 -1.50 -1.11 -0.90 -0.79 -0.64 -0.52
Non-Cash Adjustments To Reconcile Net Income		 19 19 19 17 20 21 19 19 20 21 22
Changes in Operating Assets and Liabilities, net		 23 -29 23 -14 -8.32 -20 40 -35 18 -0.76 20
Net Cash From Investing Activities		 -50 -26 8.07 -4.71 -63 -12 -7.03 -79 -11 -8.60 -6.38
Net Cash From Continuing Investing Activities		 -50 -26 8.07 -4.71 -63 -12 -7.03 -79 -11 -8.60 -6.38
Purchase of Property, Plant & Equipment		 -1.81 -1.67 -2.05 -1.03 -3.42 -5.84 -2.04 -1.33 -0.90 -0.72 -1.67
Purchase of Investments		 -93 -54 -61 -130 -114 -62 -56 -128 -92 -74 -78
Sale and/or Maturity of Investments		 45 30 71 127 55 56 51 50 82 66 74
Net Cash From Financing Activities		 -20 -13 -25 -38 -44 -39 -44 -51 -48 -42 -60
Net Cash From Continuing Financing Activities		 -20 -13 -25 -38 -44 -39 -44 -51 -48 -42 -60
Repurchase of Common Equity		 -39 -23 -18 -35 -44 -43 -40 -50 -49 -45 -54
Issuance of Common Equity		 3.09 - 3.61 - 3.26 - 3.82 - 2.93 - 3.85
Other Financing Activities, net		 16 9.84 -11 -2.70 -3.04 3.64 -8.23 -1.46 -1.65 2.62 -10

Annual Balance Sheets for Qualys

This table presents Qualys' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 324 407 538 586 676 737 815 701 813 974 1,095
Total Current Assets		 229 301 369 379 396 475 546 473 600 586 658
Cash & Equivalents		 92 87 87 41 88 74 137 174 204 232 250
Short-Term Investments		 87 157 202 248 211 282 268 148 222 149 196
Accounts Receivable		 42 47 64 76 78 100 109 122 146 165 171
Prepaid Expenses		 7.95 9.81 17 14 19 19 32 30 27 40 41
Plant, Property, & Equipment, net		 31 39 59 61 61 65 62 47 33 30 23
Total Noncurrent Assets		 63 67 110 145 219 197 206 180 180 357 414
Long-Term Investments		 43 46 67 77 120 98 111 59 57 194 251
Goodwill		 0.32 0.32 1.55 7.23 7.45 7.45 7.45 7.45 7.45 7.45 7.45
Intangible Assets		 1.36 0.99 12 22 17 12 6.55 13 9.72 6.81 4.26
Noncurrent Deferred & Refundable Income Taxes		 16 17 25 26 19 16 25 45 63 81 75
Other Noncurrent Operating Assets		 1.92 2.10 2.18 12 56 62 55 53 42 67 76
Other Noncurrent Nonoperating Assets		 0.00 1.20 1.20 1.20 1.20 1.20 1.20 2.70 1.20 1.20 1.20
Total Liabilities & Shareholders' Equity		 324 407 538 586 676 737 815 701 813 974 1,095
Total Liabilities		 128 149 194 228 289 332 378 412 444 496 534
Total Current Liabilities		 112 130 166 197 223 256 304 352 389 428 467
Accounts Payable		 2.37 2.05 1.14 5.59 0.85 0.73 1.30 2.81 0.99 1.27 1.20
Accrued Expenses		 12 13 21 27 23 30 33 43 43 46 58
Current Deferred Revenue		 98 115 143 0.00 192 213 258 294 333 371 401
Other Current Liabilities		 - - - 165 7.66 12 13 13 12 9.72 7.32
Total Noncurrent Liabilities		 16 18 28 31 65 77 74 60 55 68 67
Noncurrent Deferred Revenue		 15 16 17 0.00 21 31 33 23 32 24 16
Other Noncurrent Operating Liabilities		 1.21 2.73 11 31 44 46 41 36 24 44 50
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 196 258 344 358 387 404 437 289 368 477 561
Total Preferred & Common Equity		 196 258 344 358 387 404 437 289 368 477 561
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 196 258 344 358 387 404 437 289 368 477 561
Common Stock		 223 267 304 331 362 401 477 513 598 665 732
Retained Earnings		 -27 -8.26 40 28 23 3.57 -42 -221 -228 -189 -167
Accumulated Other Comprehensive Income / (Loss)		 -0.21 -0.16 -0.57 -0.59 1.16 -0.48 1.01 -1.95 -1.70 1.42 -4.01

Quarterly Balance Sheets for Qualys

This table presents Qualys' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 748 676 710 752 862 877 908 996 1,000 1,032 1,095
Total Current Assets		 523 465 508 562 605 534 537 602 543 597 657
Cash & Equivalents		 194 194 186 209 274 281 235 291 194 225 279
Short-Term Investments		 191 140 163 219 180 112 151 150 176 193 192
Accounts Receivable		 99 102 125 103 116 110 115 122 129 128 135
Prepaid Expenses		 39 29 34 30 36 31 35 40 44 50 50
Plant, Property, & Equipment, net		 54 45 40 36 30 28 27 28 26 25 22
Total Noncurrent Assets		 171 166 161 154 226 315 344 366 430 410 416
Long-Term Investments		 71 45 39 34 90 162 187 199 251 245 258
Goodwill		 7.45 7.45 7.45 7.45 7.45 7.45 7.45 7.45 7.45 7.45 7.45
Intangible Assets		 2.02 12 11 10 8.94 8.17 7.45 6.17 5.53 4.89 3.62
Noncurrent Deferred & Refundable Income Taxes		 40 50 55 57 67 70 78 86 92 76 73
Other Noncurrent Operating Assets		 49 49 46 44 52 65 64 66 73 76 73
Other Noncurrent Nonoperating Assets		 1.20 2.70 2.70 1.20 1.20 1.20 1.20 1.20 1.20 1.20 1.20
Total Liabilities & Shareholders' Equity		 748 676 710 752 862 877 908 996 1,000 1,032 1,095
Total Liabilities		 392 408 433 429 458 449 459 498 491 503 525
Total Current Liabilities		 334 353 369 370 391 372 389 432 417 432 459
Accounts Payable		 1.31 1.74 2.16 1.17 0.65 1.28 1.42 1.29 1.98 1.82 2.30
Accrued Expenses		 43 42 53 50 48 36 40 53 53 51 55
Current Deferred Revenue		 279 297 302 307 332 324 338 367 355 371 394
Other Current Liabilities		 11 13 12 12 10 10 9.33 11 7.10 7.35 7.62
Total Noncurrent Liabilities		 58 55 63 58 67 77 70 66 75 71 66
Noncurrent Deferred Revenue		 24 22 35 32 31 29 23 22 19 16 15
Other Noncurrent Operating Liabilities		 34 33 29 26 35 48 47 44 55 54 50
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 355 268 277 323 404 428 450 498 508 529 570
Total Preferred & Common Equity		 355 268 277 323 404 428 450 498 508 529 570
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 355 268 277 323 404 428 450 498 508 529 570
Common Stock		 511 522 534 568 611 624 642 678 692 710 742
Retained Earnings		 -155 -252 -255 -244 -206 -196 -193 -180 -180 -177 -167
Accumulated Other Comprehensive Income / (Loss)		 0.04 -1.57 -1.72 -0.87 -1.01 -0.53 -0.29 0.14 -4.09 -4.21 -4.81

Annual Metrics And Ratios for Qualys

This table displays calculated financial ratios and metrics derived from Qualys' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 22.99% 20.48% 16.62% 20.82% 15.32% 12.86% 13.28% 19.10% 13.22% 9.58% 10.13%
EBITDA Growth		 88.59% 21.12% 24.87% 31.40% 30.94% 28.72% -2.65% 29.23% 11.63% 6.99% 18.80%
EBIT Growth		 193.22% 21.62% 26.61% 34.35% 44.56% 34.91% -9.88% 47.53% 25.86% 13.78% 20.40%
NOPAT Growth		 -50.57% 18.51% 101.08% 36.03% 20.39% 38.49% -19.76% 51.50% 31.23% 11.98% 15.09%
Net Income Growth		 -47.54% 21.17% 110.36% 41.70% 21.00% 32.07% -22.51% 52.19% 40.38% 14.57% 14.19%
EPS Growth		 -48.15% 19.05% 102.00% 35.64% 22.63% 33.93% -21.33% 54.80% 47.08% 15.38% 16.99%
Operating Cash Flow Growth		 59.24% 5.08% 55.31% 16.55% 28.01% 12.13% 11.40% -0.88% 23.01% -0.21% 26.75%
Free Cash Flow Firm Growth		 51.34% -11.39% -22.41% 149.41% 80.55% 21.78% -5.49% 19.33% 35.77% -14.52% 56.81%
Invested Capital Growth		 -79.78% -21.33% 58.93% 31.65% -260.90% -56.12% -58.15% -16.22% -24.04% 14.85% -37.69%
Revenue Q/Q Growth		 5.03% 4.09% 4.86% 4.22% 3.36% 2.87% 3.78% 4.50% 2.54% 2.47% 2.46%
EBITDA Q/Q Growth		 13.63% 4.11% 3.74% 6.46% 7.05% 5.60% 4.61% 0.86% 2.80% 2.39% 4.65%
EBIT Q/Q Growth		 18.71% 3.37% 3.89% 7.17% 9.61% 5.33% 6.22% 2.29% 6.52% 3.14% 4.95%
NOPAT Q/Q Growth		 -57.24% 2.38% -8.74% 23.09% 11.16% 5.01% -2.60% 3.97% 7.91% 3.33% 4.80%
Net Income Q/Q Growth		 -56.36% 2.58% -7.02% 25.23% 9.93% 3.56% -2.73% 6.41% 8.80% 1.98% 4.86%
EPS Q/Q Growth		 -57.14% 2.04% -8.18% 26.85% 9.80% 4.17% -3.28% 7.45% 9.51% 2.65% 5.43%
Operating Cash Flow Q/Q Growth		 13.28% -12.26% 11.68% 0.62% 4.57% 2.93% 0.54% 2.04% -3.93% 6.03% 9.93%
Free Cash Flow Firm Q/Q Growth		 16.72% -27.56% -23.44% 4.43% 14.60% 9.11% 0.82% -4.13% -3.47% 2.90% 19.30%
Invested Capital Q/Q Growth		 -48.38% 3.42% 20.13% 54.95% 16.26% 3.25% -1.18% 8.00% 17.12% 20.25% -1.11%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 79.11% 78.21% 77.65% 76.27% 78.38% 78.17% 78.25% 79.01% 80.61% 81.65% 82.85%
EBITDA Margin		 23.68% 23.81% 25.49% 27.73% 31.48% 35.91% 30.86% 33.48% 33.01% 32.23% 34.77%
Operating Margin		 15.10% 15.21% 16.13% 18.06% 22.47% 26.63% 21.33% 26.66% 29.41% 30.81% 33.17%
EBIT Margin		 14.58% 14.72% 15.98% 17.77% 22.28% 26.63% 21.19% 26.24% 29.17% 30.29% 33.11%
Profit (Net Income) Margin		 9.66% 9.71% 17.52% 20.55% 21.56% 25.23% 17.26% 22.05% 27.34% 28.59% 29.64%
Tax Burden Percent		 64.70% 63.18% 102.70% 103.31% 86.69% 89.74% 79.38% 80.77% 84.86% 82.77% 80.35%
Interest Burden Percent		 102.35% 104.44% 106.75% 111.92% 111.64% 105.56% 102.63% 104.04% 110.45% 114.01% 111.40%
Effective Tax Rate		 35.30% 36.82% -2.70% -3.31% 13.31% 10.26% 20.62% 19.23% 15.14% 17.23% 19.65%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 9.13% 8.47% 13.44% 16.34% 18.62% 23.15% 16.87% 29.76% 46.13% 41.09% 38.20%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 8.21% 7.98% 7.81% 8.82% 11.36% 13.69% 11.23% 16.96% 21.37% 20.61% 21.42%
Return on Assets (ROA)		 5.44% 5.26% 8.56% 10.20% 10.99% 12.97% 9.15% 14.25% 20.03% 19.45% 19.17%
Return on Common Equity (ROCE)		 9.13% 8.47% 13.44% 16.34% 18.62% 23.15% 16.87% 29.76% 46.13% 41.09% 38.20%
Return on Equity Simple (ROE_SIMPLE)		 8.11% 7.44% 11.77% 16.01% 17.93% 22.64% 16.25% 37.35% 41.17% 36.40% 0.00%
Net Operating Profit after Tax (NOPAT)		 16 19 38 52 63 87 70 105 138 155 178
NOPAT Margin		 9.77% 9.61% 16.57% 18.66% 19.48% 23.90% 16.93% 21.53% 24.96% 25.50% 26.65%
Net Nonoperating Expense Percent (NNEP)		 -0.10% 0.08% 0.68% 1.46% 1.70% 1.10% 0.28% 0.57% 3.05% 3.53% 3.14%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 36.47% 37.58% 32.48% 31.78%
Cost of Revenue to Revenue		 20.89% 21.79% 22.35% 23.73% 21.62% 21.83% 21.75% 20.99% 19.39% 18.35% 17.15%
SG&A Expenses to Revenue		 14.80% 14.71% 15.31% 14.00% 12.68% 12.83% 18.55% 11.84% 11.14% 11.31% 10.70%
R&D to Revenue		 18.53% 18.49% 18.55% 19.10% 21.22% 19.99% 19.77% 20.66% 19.92% 18.41% 17.53%
Operating Expenses to Revenue		 64.01% 63.00% 61.52% 58.21% 55.92% 51.54% 56.92% 52.35% 51.20% 50.84% 49.68%
Earnings before Interest and Taxes (EBIT)		 24 29 37 50 72 97 87 129 162 184 222
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 39 47 59 77 101 130 127 164 183 196 233
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 5.79 4.37 6.55 8.22 8.35 11.76 12.20 14.75 19.61 10.75 8.49
Price to Tangible Book Value (P/TBV)		 5.84 4.39 6.83 8.95 8.91 12.35 12.60 15.86 20.57 11.08 8.67
Price to Revenue (P/Rev)		 6.89 5.71 9.75 10.55 10.05 13.10 12.96 8.71 13.02 8.44 7.12
Price to Earnings (P/E)		 71.32 58.76 55.65 51.36 46.61 51.93 75.08 39.48 47.63 29.54 24.03
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 1.40% 1.70% 1.80% 1.95% 2.15% 1.93% 1.33% 2.53% 2.10% 3.39% 4.16%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 5.53 4.24 8.21 9.24 8.75 11.85 11.70 7.93 12.15 7.50 6.08
Enterprise Value to EBITDA (EV/EBITDA)		 23.37 17.83 32.20 33.33 27.78 33.00 37.92 23.68 36.81 23.26 17.49
Enterprise Value to EBIT (EV/EBIT)		 37.96 28.83 51.37 52.00 39.27 44.49 55.23 30.21 41.65 24.75 18.36
Enterprise Value to NOPAT (EV/NOPAT)		 56.65 44.17 49.54 49.54 44.91 49.58 69.12 36.82 48.68 29.40 22.82
Enterprise Value to Operating Cash Flow (EV/OCF)		 13.79 12.12 17.60 20.54 17.52 23.88 23.98 19.53 27.54 18.66 13.15
Enterprise Value to Free Cash Flow (EV/FCFF)		 32.60 34.00 98.83 53.90 32.58 40.90 48.41 32.75 41.84 33.10 18.86
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 -1.12 -1.13 -1.08 -1.03 -1.06 -1.11 -1.16 -1.24 -1.32 -1.26 -1.23
Leverage Ratio		 1.68 1.61 1.57 1.60 1.69 1.79 1.84 2.09 2.30 2.11 1.99
Compound Leverage Factor		 1.72 1.68 1.68 1.79 1.89 1.88 1.89 2.17 2.54 2.41 2.22
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 6.37 5.76 8.18 8.95 7.89 9.87 9.60 7.28 11.00 7.37 6.63
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.04 2.31 2.23 1.92 1.77 1.86 1.80 1.34 1.54 1.37 1.41
Quick Ratio		 1.97 2.23 2.13 1.85 1.69 1.78 1.69 1.26 1.47 1.27 1.32
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 28 25 19 48 86 105 99 119 161 138 216
Operating Cash Flow to CapEx		 327.34% 298.17% 284.64% 550.88% 582.48% 608.03% 821.59% 1,294.54% 2,739.14% 1,979.03% 6,200.40%
Free Cash Flow to Firm to Interest Expense		 4,648.01 950.45 6,391.14 278.03 814.56 11,682.90 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 10,993.33 2,665.77 35,882.00 729.44 1,515.16 20,009.56 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 7,635.00 1,771.73 23,276.00 597.03 1,255.04 16,718.67 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.56 0.54 0.49 0.50 0.51 0.51 0.53 0.65 0.73 0.68 0.65
Accounts Receivable Turnover		 4.36 4.43 4.14 3.98 4.18 4.07 3.93 4.24 4.14 3.91 3.99
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 5.67 5.60 4.71 4.65 5.27 5.79 6.49 8.96 13.86 19.30 25.01
Accounts Payable Turnover		 8.55 19.52 32.29 19.66 21.60 100.35 88.25 50.09 56.63 98.74 92.85
Days Sales Outstanding (DSO)		 83.67 82.39 88.10 91.77 87.31 89.61 92.84 86.01 88.22 93.35 91.52
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 42.69 18.70 11.30 18.56 16.90 3.64 4.14 7.29 6.45 3.70 3.93
Cash Conversion Cycle (CCC)		 40.98 63.69 76.80 73.21 70.41 85.97 88.71 78.72 81.77 89.65 87.59
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -27 -32 -13 -9.09 -33 -51 -81 -94 -117 -99 -137
Invested Capital Turnover		 -7.91 -6.70 -10.11 -24.92 -15.36 -8.64 -6.22 -5.59 -5.26 -5.62 -5.66
Increase / (Decrease) in Invested Capital		 -12 -5.69 19 4.21 -24 -18 -30 -13 -23 17 -37
Enterprise Value (EV)		 909 840 1,895 2,577 2,813 4,300 4,811 3,883 6,737 4,555 4,069
Market Capitalization		 1,132 1,130 2,251 2,943 3,232 4,755 5,327 4,263 7,220 5,131 4,766
Book Value per Share		 $5.72 $7.24 $9.06 $9.09 $9.98 $10.37 $11.25 $7.61 $10.01 $13.04 $15.65
Tangible Book Value per Share		 $5.67 $7.20 $8.69 $8.35 $9.35 $9.87 $10.89 $7.08 $9.54 $12.65 $15.32
Total Capital		 196 258 344 358 387 404 437 289 368 477 561
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -222 -290 -356 -366 -418 -454 -516 -381 -484 -575 -697
Capital Expenditures (CapEx)		 20 23 38 23 28 30 24 15 8.93 12 4.99
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -62 -74 -85 -107 -127 -136 -163 -200 -216 -224 -256
Debt-free Net Working Capital (DFNWC)		 117 170 204 182 172 220 242 121 211 157 190
Net Working Capital (NWC)		 117 170 204 182 172 220 242 121 211 157 190
Net Nonoperating Expense (NNE)		 0.19 -0.20 -2.19 -5.28 -6.70 -4.83 -1.36 -2.55 -13 -19 -20
Net Nonoperating Obligations (NNO)		 -222 -291 -357 -367 -420 -456 -518 -383 -485 -577 -698
Total Depreciation and Amortization (D&A)		 15 18 22 28 30 34 40 35 21 12 11
Debt-free, Cash-free Net Working Capital to Revenue		 -37.68% -37.14% -36.75% -38.41% -39.41% -37.58% -39.68% -40.88% -39.01% -36.89% -38.21%
Debt-free Net Working Capital to Revenue		 71.25% 86.07% 88.19% 65.28% 53.53% 60.51% 58.88% 24.74% 38.02% 25.89% 28.44%
Net Working Capital to Revenue		 71.25% 86.07% 88.19% 65.28% 53.53% 60.51% 58.88% 24.74% 38.02% 25.89% 28.44%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $1.08 $1.47 $1.77 $2.34 $1.82 $2.81 $4.11 $4.72 $5.49
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 37.44M 38.88M 39.08M 39.17M 39.03M 38.45M 36.88M 36.80M 36.14M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $1.01 $1.37 $1.68 $2.24 $1.77 $2.74 $4.03 $4.65 $5.44
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 40.07M 41.90M 41.35M 40.82M 40.12M 39.34M 37.60M 37.35M 36.45M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 38.63M 39.04M 39.09M 39.21M 39.03M 37.01M 36.98M 36.48M 35.68M
Normalized Net Operating Profit after Tax (NOPAT)		 16 19 26 35 63 87 70 105 138 155 178
Normalized NOPAT Margin		 9.77% 9.61% 11.29% 12.64% 19.48% 23.90% 16.93% 21.53% 24.96% 25.50% 26.65%
Pre Tax Income Margin		 14.93% 15.37% 17.06% 19.89% 24.87% 28.11% 21.74% 27.30% 32.22% 34.53% 36.89%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 3,992.67 1,120.58 12,296.00 288.14 675.91 10,740.11 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 2,675.01 731.56 12,749.14 302.49 590.90 9,637.90 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 634.33 226.54 -310.00 155.73 415.78 7,449.22 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 -683.33 -162.48 143.14 170.08 330.77 6,347.01 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 148.40% 124.65% 138.39% 183.17% 293.86% 112.67% 80.54% 92.49%

Quarterly Metrics And Ratios for Qualys

This table displays calculated financial ratios and metrics derived from Qualys' official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 35,675,926.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 35,675,926.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 1.42
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 13.09% 10.49% 11.57% 8.38% 8.36% 10.11% 9.67% 10.32% 10.41% 10.11% 9.84%
EBITDA Growth		 17.38% 12.25% 10.77% 6.16% 1.58% 10.00% 18.11% 9.53% 27.33% 20.59% 11.23%
EBIT Growth		 32.90% 30.81% 24.03% 13.41% 6.23% 13.34% 20.09% 10.37% 29.54% 21.93% 12.95%
NOPAT Growth		 54.91% 40.03% 31.13% 17.05% -5.97% 14.10% 17.40% 6.45% 16.46% 20.27% 12.45%
Net Income Growth		 68.17% 43.31% 36.51% 23.71% -0.65% 8.31% 19.64% 8.04% 8.95% 20.89% 6.54%
EPS Growth		 74.65% 48.61% 36.36% 23.16% 0.00% 11.22% 22.86% 10.26% 12.10% 23.53% 10.08%
Operating Cash Flow Growth		 119.26% -22.82% 27.98% -3.28% -33.96% 41.03% 28.17% -32.22% 48.06% 58.54% -13.04%
Free Cash Flow Firm Growth		 63.11% 51.06% 137.17% 23.88% -70.93% -60.30% -28.85% -49.92% 142.54% 273.52% 45.08%
Invested Capital Growth		 -37.69% -24.04% -23.95% -13.10% 11.51% 14.85% -1.90% 11.21% -8.61% -37.69% -12.34%
Revenue Q/Q Growth		 3.49% 1.81% 0.85% 1.99% 3.47% 3.46% 0.44% 2.60% 3.55% 3.18% 0.20%
EBITDA Q/Q Growth		 -0.47% -3.83% 2.22% 8.50% -4.77% 4.14% 9.77% 0.62% 10.71% -1.38% 1.25%
EBIT Q/Q Growth		 2.43% -2.00% 3.17% 9.50% -4.05% 4.56% 9.31% 0.64% 12.62% -1.59% 1.26%
NOPAT Q/Q Growth		 27.29% -16.24% 1.61% 8.05% 2.25% 1.65% 4.55% -2.03% 11.86% 4.97% -2.25%
Net Income Q/Q Growth		 31.47% -12.73% -2.12% 10.17% 5.57% -4.86% 8.12% -0.51% 6.46% 5.57% -4.72%
EPS Q/Q Growth		 30.53% -13.71% -1.87% 11.43% 5.98% -4.03% 8.40% 0.00% 7.75% 5.76% -3.40%
Operating Cash Flow Q/Q Growth		 79.44% -63.39% 152.68% -41.73% 22.52% -21.82% 129.64% -69.18% 167.63% -16.29% 25.95%
Free Cash Flow Firm Q/Q Growth		 86.24% -28.21% 8.73% -14.79% -56.29% -1.97% 94.86% -40.03% 111.72% 50.97% -24.31%
Invested Capital Q/Q Growth		 -23.80% 17.12% -20.25% 8.33% 3.14% 20.25% -43.90% 20.13% -18.48% -1.11% -17.41%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 81.17% 81.23% 81.35% 82.24% 81.26% 81.76% 81.91% 82.40% 83.64% 83.36% 82.93%
EBITDA Margin		 33.45% 31.59% 32.02% 34.06% 31.35% 31.56% 34.49% 33.82% 36.16% 34.56% 34.92%
Operating Margin		 30.70% 28.68% 30.70% 32.32% 29.22% 31.04% 32.37% 31.33% 35.29% 33.57% 34.67%
EBIT Margin		 30.20% 29.07% 29.74% 31.93% 29.61% 29.92% 32.57% 31.94% 34.74% 33.14% 33.49%
Profit (Net Income) Margin		 32.76% 28.08% 27.25% 29.43% 30.03% 27.62% 29.73% 28.82% 29.64% 30.32% 28.83%
Tax Burden Percent		 96.86% 85.29% 80.29% 80.78% 88.32% 81.67% 81.52% 80.41% 77.12% 82.50% 77.92%
Interest Burden Percent		 111.98% 113.24% 114.12% 114.12% 114.85% 113.00% 111.97% 112.23% 110.61% 110.92% 110.50%
Effective Tax Rate		 3.14% 14.71% 19.71% 19.22% 11.68% 18.33% 18.48% 19.59% 22.88% 17.50% 22.08%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 41.09% 46.13% 48.28% 48.41% 44.09% 41.09% 40.23% 39.53% 38.64% 38.20% 37.72%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 21.78% 21.30% 22.03% 23.39% 21.15% 20.36% 21.79% 21.69% 23.38% 21.44% 21.93%
Return on Assets (ROA)		 23.63% 20.57% 20.19% 21.57% 21.45% 18.79% 19.89% 19.57% 19.95% 19.62% 18.89%
Return on Common Equity (ROCE)		 41.09% 46.13% 48.28% 48.41% 44.09% 41.09% 40.23% 39.53% 38.64% 38.20% 37.72%
Return on Equity Simple (ROE_SIMPLE)		 43.15% 0.00% 40.13% 39.88% 37.88% 0.00% 36.44% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 42 35 36 39 40 40 42 41 46 49 47
NOPAT Margin		 29.74% 24.47% 24.65% 26.11% 25.80% 25.35% 26.39% 25.19% 27.22% 27.69% 27.01%
Net Nonoperating Expense Percent (NNEP)		 0.93% 1.20% 0.82% 1.04% 1.25% 0.68% 0.90% 1.01% 0.66% 0.72% 0.47%
Return On Investment Capital (ROIC_SIMPLE)		 - 9.61% - - - 8.46% 8.47% 8.13% 8.73% 8.65% 8.33%
Cost of Revenue to Revenue		 18.83% 18.77% 18.65% 17.76% 18.74% 18.24% 18.09% 17.60% 16.36% 16.64% 17.07%
SG&A Expenses to Revenue		 11.27% 11.45% 11.60% 10.06% 12.02% 11.54% 10.88% 10.80% 10.55% 10.59% 9.67%
R&D to Revenue		 19.57% 19.00% 18.88% 18.24% 18.78% 17.78% 18.23% 18.44% 17.03% 16.52% 16.52%
Operating Expenses to Revenue		 50.47% 52.55% 50.65% 49.91% 52.05% 50.72% 49.54% 51.06% 48.34% 49.79% 48.26%
Earnings before Interest and Taxes (EBIT)		 43 42 43 47 46 48 52 52 59 58 59
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 47 46 47 51 48 50 55 55 61 61 61
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 17.34 19.61 15.19 12.31 10.52 10.75 9.22 10.21 9.02 8.49 5.50
Price to Tangible Book Value (P/TBV)		 18.36 20.57 15.83 12.78 10.88 11.08 9.48 10.48 9.24 8.67 5.61
Price to Revenue (P/Rev)		 10.36 13.02 10.78 9.07 7.97 8.44 7.39 8.15 7.31 7.12 4.58
Price to Earnings (P/E)		 40.20 47.63 37.84 30.87 27.77 29.54 25.31 28.05 25.25 24.03 15.56
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 2.49% 2.10% 2.64% 3.24% 3.60% 3.39% 3.95% 3.56% 3.96% 4.16% 6.43%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 9.50 12.15 9.82 8.11 7.01 7.50 6.36 7.17 6.30 6.08 3.51
Enterprise Value to EBITDA (EV/EBITDA)		 28.86 36.81 29.83 24.74 21.73 23.26 19.36 21.85 18.50 17.49 10.07
Enterprise Value to EBIT (EV/EBIT)		 33.84 41.65 32.88 26.81 23.29 24.75 20.51 23.11 19.48 18.36 10.53
Enterprise Value to NOPAT (EV/NOPAT)		 40.07 48.68 38.11 30.94 27.71 29.40 24.53 27.91 24.17 22.82 13.10
Enterprise Value to Operating Cash Flow (EV/OCF)		 20.18 27.54 21.25 18.01 18.05 18.66 14.74 18.12 14.61 13.15 8.15
Enterprise Value to Free Cash Flow (EV/FCFF)		 30.81 41.84 32.17 28.18 31.07 33.10 24.13 30.61 22.74 18.86 11.95
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 -1.36 -1.32 -1.38 -1.34 -1.34 -1.26 -1.31 -1.26 -1.27 -1.23 -1.28
Leverage Ratio		 2.21 2.30 2.29 2.25 2.15 2.11 2.06 2.00 1.98 1.99 1.96
Compound Leverage Factor		 2.48 2.61 2.61 2.57 2.47 2.39 2.31 2.25 2.19 2.21 2.16
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 8.59 10.52 8.84 7.79 6.90 6.91 6.28 7.05 6.48 6.14 4.39
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.52 1.54 1.55 1.44 1.38 1.37 1.39 1.30 1.38 1.41 1.43
Quick Ratio		 1.43 1.47 1.46 1.35 1.29 1.27 1.30 1.20 1.27 1.32 1.32
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 81 58 63 54 23 23 45 27 57 86 65
Operating Cash Flow to CapEx		 5,112.72% 2,029.93% 4,168.94% 4,856.14% 1,784.88% 817.58% 5,377.23% 2,544.91% 10,031.30% 10,450.14% 5,716.50%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.72 0.73 0.74 0.73 0.71 0.68 0.67 0.68 0.67 0.65 0.66
Accounts Receivable Turnover		 5.35 4.14 5.24 4.96 5.43 3.91 5.24 5.35 5.37 3.99 5.34
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 12.00 13.86 15.12 17.06 18.67 19.30 21.28 23.63 25.05 25.01 27.27
Accounts Payable Turnover		 87.43 56.63 90.34 62.54 84.71 98.74 116.89 71.10 70.66 92.85 64.53
Days Sales Outstanding (DSO)		 68.22 88.22 69.66 73.65 67.22 93.35 69.63 68.26 68.02 91.52 68.34
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 4.17 6.45 4.04 5.84 4.31 3.70 3.12 5.13 5.17 3.93 5.66
Cash Conversion Cycle (CCC)		 64.05 81.77 65.62 67.81 62.91 89.65 66.51 63.13 62.85 87.59 62.68
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -141 -117 -140 -129 -125 -99 -143 -114 -135 -137 -161
Invested Capital Turnover		 -4.45 -5.26 -4.49 -4.79 -4.47 -5.62 -4.39 -5.24 -5.02 -5.66 -4.51
Increase / (Decrease) in Invested Capital		 -39 -23 -27 -15 16 17 -2.67 14 -11 -37 -18
Enterprise Value (EV)		 5,138 6,737 5,595 4,712 4,156 4,555 3,954 4,569 4,113 4,069 2,405
Market Capitalization		 5,600 7,220 6,138 5,268 4,729 5,131 4,594 5,190 4,777 4,766 3,134
Book Value per Share		 $8.80 $10.01 $10.94 $11.58 $12.21 $13.04 $13.65 $13.99 $14.67 $15.65 $15.97
Tangible Book Value per Share		 $8.31 $9.54 $10.49 $11.16 $11.81 $12.65 $13.28 $13.63 $14.32 $15.32 $15.66
Total Capital		 323 368 404 428 450 477 498 508 529 561 570
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -463 -484 -543 -555 -573 -575 -640 -621 -664 -697 -729
Capital Expenditures (CapEx)		 1.81 1.67 2.05 1.03 3.42 5.84 2.04 1.33 0.90 0.72 1.67
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -237 -216 -239 -231 -238 -224 -271 -244 -254 -256 -274
Debt-free Net Working Capital (DFNWC)		 192 211 214 162 148 157 170 126 165 190 197
Net Working Capital (NWC)		 192 211 214 162 148 157 170 126 165 190 197
Net Nonoperating Expense (NNE)		 -4.29 -5.22 -3.79 -4.94 -6.51 -3.61 -5.34 -5.95 -4.11 -4.61 -3.20
Net Nonoperating Obligations (NNO)		 -464 -485 -545 -556 -574 -577 -641 -622 -665 -698 -731
Total Depreciation and Amortization (D&A)		 4.60 3.64 3.32 3.18 2.68 2.60 3.07 3.08 2.41 2.50 2.52
Debt-free, Cash-free Net Working Capital to Revenue		 -43.87% -39.01% -42.02% -39.75% -40.18% -36.89% -43.59% -38.28% -38.84% -38.21% -40.00%
Debt-free Net Working Capital to Revenue		 35.45% 38.02% 37.63% 27.92% 24.97% 25.89% 27.33% 19.80% 25.26% 28.44% 28.83%
Net Working Capital to Revenue		 35.45% 38.02% 37.63% 27.92% 24.97% 25.89% 27.33% 19.80% 25.26% 28.44% 28.83%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.27 $1.09 $1.08 $1.19 $1.26 $1.19 $1.30 $1.30 $1.40 $1.49 $1.42
Adjusted Weighted Average Basic Shares Outstanding		 36.77M 36.88M 36.96M 36.92M 36.76M 36.80M 36.47M 36.25M 36.04M 36.14M 35.61M
Adjusted Diluted Earnings per Share		 $1.24 $1.07 $1.05 $1.17 $1.24 $1.19 $1.29 $1.29 $1.39 $1.47 $1.42
Adjusted Weighted Average Diluted Shares Outstanding		 37.45M 37.60M 37.72M 37.46M 37.14M 37.35M 36.78M 36.52M 36.29M 36.45M 35.68M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 36.79M 36.98M 36.94M 36.81M 36.59M 36.48M 36.33M 36.10M 35.86M 35.68M 35.22M
Normalized Net Operating Profit after Tax (NOPAT)		 42 35 36 39 40 40 42 41 46 49 47
Normalized NOPAT Margin		 29.74% 24.47% 24.65% 26.11% 25.80% 25.35% 26.39% 25.19% 27.22% 27.69% 27.01%
Pre Tax Income Margin		 33.82% 32.92% 33.94% 36.44% 34.01% 33.81% 36.46% 35.85% 38.43% 36.76% 37.00%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 181.03% 112.67% 75.38% 67.40% 70.62% 80.54% 88.99% 95.35% 95.93% 92.49% 97.94%

Financials Breakdown Chart

Key Financial Trends

Qualys (NASDAQ: QLYS) has shown a clear uptrend in revenue and profitability over the past four years, supported by strong gross margins, growing cash flow from operations, and a solid balance sheet with sizeable equity and growing deferred revenue. The company’s quarterly results continue to reflect a durable software-as-a-service style business with steady cash generation and ongoing reinvestment in growth initiatives.

  • Revenue growth: Operating revenue rose from about $130.8 million in Q4 2022 to about $175.3 million in Q4 2025, roughly a 34% increase over four years.
  • Gross margin expansion: Gross margin improved from about 78.9% in Q4 2022 to about 83.4% in Q4 2025, indicating favorable mix and pricing power.
  • Net income and EPS growth: Net income rose from about $28.3 million in Q4 2022 to $53.15 million in Q4 2025; Basic EPS grew to $1.49 and Diluted EPS to $1.47 in Q4 2025.
  • Operating cash flow strength: Net cash from continuing operating activities reached about $75.7 million in Q4 2025, up from about $47.7 million in Q4 2024.
  • Recurring revenue base: Current deferred revenue was about $371.5 million in 2025 Q3, up from about $355.0 million in 2025 Q2, signaling a durable ARR.
  • Liquidity and capital position: Cash & equivalents remained robust across recent quarters (roughly $225–$290 million), with no obvious debt burden evident in the reported periods; total equity stayed strong relative to liabilities.
  • Equity growth and retention: Total Common Equity rose to about $529.4 million by 2025 Q3, up from about $498.0 million in earlier periods, reflecting retained earnings and measured equity activity.
  • Opex as growth investments: SG&A, Marketing, and R&D totaled about $87.3 million in Q4 2025 (SG&A $18.6m, Marketing $39.8m, R&D $28.9m), roughly half of quarterly revenue, supporting future growth but compressing near-term margins.
  • Financing activity and share repurchases: The company continued notable stock repurchases in 2025, contributing to financing outflows and negative cash flow from financing activities in several quarters.
  • Margin pressure risk if growth slows: The current level of operating expenses and ongoing growth investments could pressure margins if revenue growth decelerates, given the substantial but still choppy quarterly opex base.
05/29/26 10:47 AM ETAI Generated. May Contain Errors.

Qualys Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Qualys' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Qualys' net income appears to be on an upward trend, with a most recent value of $198.32 million in 2025, rising from $15.87 million in 2015. The previous period was $173.68 million in 2024. Check out Qualys' forecast to explore projected trends and price targets.

Qualys' total operating income in 2025 was $221.95 million, based on the following breakdown:
  • Total Gross Profit: $554.36 million
  • Total Operating Expenses: $332.41 million

Over the last 10 years, Qualys' total revenue changed from $164.28 million in 2015 to $669.13 million in 2025, a change of 307.3%.

Qualys' total liabilities were at $533.93 million at the end of 2025, a 7.6% increase from 2024, and a 317.3% increase since 2015.

In the past 10 years, Qualys' cash and equivalents has ranged from $41.03 million in 2018 to $250.26 million in 2025, and is currently $250.26 million as of their latest financial filing in 2025.

Over the last 10 years, Qualys' book value per share changed from 5.72 in 2015 to 15.65 in 2025, a change of 173.6%.


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Financial statements for NASDAQ:QLYS last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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