Qualys, Inc. Revenue Jumps 10% in 2025

By Chris Stiles • Monday, February 23 10:42 • Permanent Link

In its recently released 10-K report, Qualys, Inc. describes itself as a leading provider of cloud-based IT, security, and compliance solutions for organizations worldwide. The company offers a range of Qualys Cloud Apps, including Vulnerability Management, Web Application Scanning, and Cloud Workload Protection, among others. These solutions are delivered on the Qualys Enterprise TruRisk Platform, enabling customers to manage IT and operational technology assets, analyze security data, prioritize vulnerabilities, and quantify cyber risk exposure.

In the section "Management's Discussion and Analysis of Financial Condition and Results of Operations," Qualys, Inc. discusses its financial performance for the fiscal year ended December 31, 2025. The company highlights that its revenues increased by 10% from 2024 to 2025, reaching $669.1 million. Of this increase, 76% came from existing customers, with the remaining 24% attributed to new customers added in 2025. Notably, 51% of total revenues were direct, and 49% were generated through partners. The company expects continued revenue growth from both existing and new customers.

Regarding costs, Qualys, Inc. reported a 3% increase in cost of revenues, totaling $114.8 million in 2025. This rise was primarily driven by increased personnel costs and license expenses. Additionally, research and development expenses saw a 5% increase, reaching $117.3 million in 2025. This uptick was attributed to higher personnel costs, increased overhead allocations, and shared cloud platform costs, partially offset by a decrease in stock-based compensation.

The company also mentioned the impacts of the current macroeconomic environment, highlighting factors such as inflationary pressure, high interest rates, and economic and regulatory uncertainty, which could potentially affect its long-term business. Furthermore, Qualys, Inc. discussed its income tax provision and the effects of the One Big Beautiful Bill Act (OBBBA) on its financial results.

The market has reacted to these announcements by moving the company's shares 0.58% to a price of $134.57. Check out the company's full 10-K submission here.

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