The cloud-based platform provider QUALYS, INC. has recently released its 10-K report for the fiscal year ended December 31, 2025. The company offers a range of IT, security, and compliance solutions through its Qualys Cloud Apps, including Vulnerability Management, Web Application Scanning, and Cloud Workload Protection. These solutions are delivered on its Qualys' Enterprise TruRisk Platform, enabling customers to identify and manage IT and operational technology assets, analyze IT security data, and quantify cyber risk exposure.
In terms of financial performance, the company reported total revenues of $669.1 million for the year 2025, representing a 10% increase from the previous year. Of the total revenue increase, 76% was from existing customers, and 24% was from new customers added in 2025. Additionally, 51% of the total revenues were direct, and 49% were generated through partners. The company expects revenue growth to continue, driven by strong market demand for its solutions.
Cost of revenues for 2025 amounted to $114.8 million, reflecting a 3% increase from the previous year. This increase was primarily attributed to higher personnel costs and license expenses, partially offset by a decrease in depreciation and amortization expense.
Research and development expenses totaled $117.3 million in 2025, marking a 5% increase from 2024. The rise was mainly driven by higher personnel costs, overhead allocations, and shared cloud platform costs, partially offset by a decrease in stock-based compensation.
The company's net income for the year 2025 was reported at 30% of total revenues, slightly up from 29% in 2024. This positive performance was supported by the increase in demand for subscription services and the company's strong market position.
The market has reacted to these announcements by moving the company's shares 0.58% to a price of $134.57. If you want to know more, read the company's complete 10-K report here.
