QLYS Q2 2025 Earnings
Reported Aug 5, 2025 at 4:07 PM ET · SEC Source
Q2 25 EPS
$1.68
BEAT +13.34%
Est. $1.48
Q2 25 Revenue
$164.1M
BEAT +0.23%
Est. $163.7M
vs S&P Since Q2 25
-36.5%
TRAILING MARKET
QLYS -20.6% vs S&P +15.9%
Market Reaction
Did QLYS Beat Earnings? Q2 2025 Results
Qualys posted a stronger-than-expected second quarter, with non-GAAP earnings per share of $1.68 beating the $1.48 consensus estimate by 13.34% and revenue of $164.06 million edging past forecasts by 0.23% on 10.3% year-over-year growth. The cybersec… Read more Qualys posted a stronger-than-expected second quarter, with non-GAAP earnings per share of $1.68 beating the $1.48 consensus estimate by 13.34% and revenue of $164.06 million edging past forecasts by 0.23% on 10.3% year-over-year growth. The cybersecurity firm's profitability outperformance was a clear highlight, even as margin metrics showed modest compression, with non-GAAP operating margin slipping to 43% from 44% a year ago and adjusted EBITDA margin narrowing to 45% from 47%. A notable bright spot came from calculated current billings, which grew 8% to $152.21 million, a meaningful acceleration from the negative 2% growth recorded in Q2 2024, signaling improving demand momentum. Qualys also expanded strategically, launching its managed Risk Operations Center alliance program and broadening its TotalAI solution with advanced AI security capabilities. Management raised full-year 2025 revenue guidance to $656.00 million to $662.00 million and lifted non-GAAP EPS guidance to $6.20 to $6.50, reflecting continued confidence in the platform's trajectory heading into the second half.
Key Takeaways
- • 10% year-over-year revenue growth driven by subscription customer base
- • Calculated current billings grew 8% YoY to $152.2 million, improving from -2% in Q2 2024
- • Non-GAAP gross margin stable at 84%
- • Strong channel momentum and flexible platform pricing
QLYS YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
“In Q2, we executed well against our strategic agenda, delivering solid revenue growth and profitability. Qualys is well armed with fresh new capabilities, a new agency authorized FedRAMP High solution for government wide use, strong channel momentum, and flexible platform pricing to help customers unify pre-breach cyber risk management workflows, reduce costs, and address today's toughest security challenges. With trusted innovation and early Risk Operations Center (ROC) adoption, we're strengthening our position as the partner of choice for customers ready to centralize their response to cyber risk; and believe we are well positioned to outpace our competitors, extend our thought leadership, and build upon an already strong foundation to drive durable long-term growth in the business.”
— Sumedh Thakar, Q2 2025 Earnings Press Release
QLYS Earnings Trends
QLYS vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
QLYS EPS Trend
Earnings per share: estimate vs actual
QLYS Revenue Trend
Quarterly revenue: estimate vs actual
QLYS Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $1.80 | $1.95 | +8.38% | $175.6M | +1.16% |
| Q4 25 BEAT FY | $1.78 | $1.87 | +4.91% | $175.3M | +1.21% |
| FY Full Year | — | $7.07 | — | $669.1M | — |
| Q3 25 BEAT | $1.56 | $1.86 | +19.17% | $169.9M | +2.15% |
| Q2 25 BEAT | $1.48 | $1.68 | +13.34% | $164.1M | +0.23% |