Companies /Technology

Qualys Inc

NASDAQ: QLYS Software - Infrastructure
$184.56
▼ $4.04 (−2.14%) today
Markets open · 10:47am ET

Q2 2025 Earnings

Reported Aug 5, 2025, 4:07pm ET · SEC source
$1.68
Beat +13.34%
EPS · est. $1.48
$164.1M
Beat +0.23%
Revenue · est. $163.7M
+1.2%
Beating market
QLYS vs S&P since report
5 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−4%0+4%+8%Aug 5Aug 6report 4:07pm ETearnings+0.7%−0.5%
−4%0+4%+8%Aug 5Aug 6earnings+0.7%−0.5%
QLYS −0.5%S&P 500 +0.7%
−4%0+4%+8%Aug 5Aug 6report 4:07pm ETearnings+1.3%−0.5%
−4%0+4%+8%Aug 5Aug 6earnings+1.3%−0.5%
QLYS −0.5%NASDAQ +1.3%
−8%−4%0Aug 4Aug 13report 4:07pm ETearnings+2.7%−6.2%
−8%−4%0Aug 4Aug 13earnings+2.7%−6.2%
QLYS −6.2%S&P 500 +2.7%
−8%−4%0+4%Aug 4Aug 13report 4:07pm ETearnings+3.8%−6.2%
−8%−4%0+4%Aug 4Aug 13earnings+3.8%−6.2%
QLYS −6.2%NASDAQ +3.8%
−0.21%
Day of report
−1.30%
Next session
+1.42%
One week
+3.71%
30 days

S&P 500 over the same 30 days: +2.54%.

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 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

“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.”

Qualys CEO, on the earnings call

Forward Guidance & Outlook

For Q3 2025, Qualys expects revenue of $164.5–$167.5 million (7–9% YoY growth), GAAP EPS of $1.00–$1.10, and non-GAAP EPS of $1.50–$1.60 based on approximately 36.3 million weighted average diluted shares. For full year 2025, the company raised revenue guidance to $656.0–$662.0 million (8–9% growth, up from prior $648.0–$657.0 million), raised GAAP EPS guidance to $4.47–$4.77 (from $4.27–$4.57), and raised non-GAAP EPS guidance to $6.20–$6.50 (from $6.00–$6.30), based on approximately 36.4 million weighted average diluted shares.

QLYS YoY Financials

Q2 2025 vs Q2 2024 · SEC filings Q2 2024 Q2 2025
$0$50.0M$100.0M$150.0M$148.7M$164.1MRevenue$122.3M$135.2MGross Profit$48.1M$51.4MOperating Income$43.8M$47.3MNet Income
$0$50.0M$100.0M$150.0MRevenueGross ProfitOperating IncomeNet Income

Figures from SEC filings and company reports. Not investment advice.