Qualys, Inc. income statement
In fiscal 2025, Qualys, Inc. reported revenue of $669m, up 10.1% on the year before, operating income of $222m (a 33.2% margin) and net income of $198m, or $5.44 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 65 | 76 | 91 | 108 | 134 | 198 | 198 | 231 | 279 | 322 | 363 | 411 | 490 | 554 | 608 | 669 | 703 |
| Cost of revenue | 11 | 13 | 18 | 25 | 29 | 34 | 43 | 52 | 66 | 70 | 79 | 89 | 103 | 107 | 111 | 115 | 117 |
| Gross profit | 54 | 63 | 73 | 83 | 105 | 130 | 155 | 179 | 213 | 252 | 284 | 322 | 387 | 447 | 496 | 554 | 586 |
| Research and development | 16 | 20 | 20 | 22 | 26 | 30 | 37 | 43 | 53 | 68 | 73 | 81 | 101 | 110 | 112 | 117 | 118 |
| Selling and marketing | 29 | 32 | 38 | 43 | 48 | 50 | 59 | 64 | 70 | 71 | 68 | 76 | 97 | 112 | 128 | 144 | 155 |
| General and administrative | 8 | 9 | 12 | 17 | 21 | 24 | 29 | 35 | 39 | 41 | 47 | 76 | 58 | 62 | 69 | 72 | 72 |
| Operating income | 1 | 3 | 3 | 2 | 9 | 25 | 30 | 37 | 50 | 72 | 97 | 88 | 131 | 163 | 187 | 222 | 242 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | — | — | — |
| Income before tax | 1 | 2 | 3 | 2 | 9 | 25 | 30 | 39 | 55 | 80 | 102 | 89 | 134 | 179 | 210 | 247 | 262 |
| Income tax | −0 | 0 | 0 | 1 | −22 | 9 | 11 | −1 | −2 | 11 | 10 | 18 | 26 | 27 | 36 | 49 | 55 |
| Net income | 1 | 2 | 2 | 2 | 30 | 19 | 19 | 40 | 57 | 69 | 92 | 71 | 108 | 152 | 174 | 198 | 207 |
| Diluted EPS | $0.04 | $0.08 | $0.08 | $0.04 | $0.81 | $0.50 | $0.50 | $1.01 | $1.37 | $1.68 | $2.25 | $1.77 | $2.74 | $4.03 | $4.65 | $5.44 | $5.77 |
| Diluted shares (average) | 24m | 24m | 28m | 36m | 37m | 38m | 38m | 40m | 42m | 41m | 41m | 40m | 39m | 38m | 37m | 36m | 36m |
| EBITDA | 6 | 8 | 10 | 12 | 21 | 39 | 47 | 58 | 79 | 103 | 129 | 124 | 165 | 190 | 206 | 236 | 254 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 154 | 159 | 160 | 164 | 170 | 175 | 176 | 182 |
| Cost of revenue | 29 | 29 | 29 | 29 | 28 | 29 | 30 | 30 |
| Gross profit | 125 | 130 | 131 | 135 | 142 | 146 | 146 | 152 |
| Research and development | 29 | 28 | 29 | 30 | 29 | 29 | 29 | 31 |
| Selling and marketing | 33 | 34 | 33 | 36 | 35 | 40 | 39 | 41 |
| General and administrative | 18 | 18 | 17 | 18 | 18 | 19 | 17 | 18 |
| Operating income | 45 | 49 | 52 | 51 | 60 | 59 | 61 | 62 |
| Income before tax | 52 | 54 | 58 | 59 | 65 | 64 | 65 | 67 |
| Income tax | 6 | 10 | 11 | 12 | 15 | 11 | 14 | 15 |
| Net income | 46 | 44 | 48 | 47 | 50 | 53 | 51 | 52 |
| Diluted EPS | $1.24 | $1.19 | $1.29 | $1.29 | $1.39 | $1.47 | $1.42 | $1.50 |
| EBITDA | 49 | 54 | 56 | 55 | 63 | 62 | 64 | 65 |
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