Filing Flows › Qualys (QLYS) › Q1 2025
Qualys (QLYS) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Qualys (QLYS) reported revenue of $160M for the first quarter 2025 (Q1 2025), +10% from a year earlier and +0.4% from the quarter before. Operating margin was 32.4%, net earnings $47.5M (29.7% of revenue).
Qualys, Q1 2025: revenue $160M (+10% year over year), operating margin 32.4%, net earnings $47.5M, operating cash flow $110M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $160M | +0.4% | +10% |
| Gross profit | $131M | +0.6% | +10% |
| Operating profit | $51.8M | +5% | +16% |
| Net earnings | $47.5M | +8% | +20% |
| Operating cash flow | $110M | +130% | +28% |
| Free cash flow | $108M | +157% | +29% |
What changed
Revenue was $159.9M in Q1 2025, up 10% year over year and roughly flat from the previous quarter.
Gross margin was 81.9%, up 0.6 points from a year earlier. Operating profit was $51.8M, a 32.4% margin (up 1.7 points year over year). Of the extra revenue versus a year earlier, 50% reached operating profit, above the 31% margin then. Operating expenses grew 7% against revenue growth of 10%. The fastest-growing cost line was Sales & marketing (+11%). Net earnings were $47.5M, up 20% year over year. The effective tax rate was 18.5%.
Operating cash flow was $109.6M (up 28% year over year), 231% of net earnings. Non-cash charges added back $4.2M of depreciation and amortization and $18.8M of share-based compensation. Working capital and other items added $39.1M. Capital expenditures of $2.0M left free cash flow of $107.5M.
Questions
What was Qualys' revenue in the first quarter 2025?
Qualys (QLYS) reported revenue of $160M for the first quarter 2025 (Q1 2025), +10% from a year earlier and +0.4% from the quarter before.
Was Qualys profitable in the first quarter 2025?
Operating profit was $51.8M (32.4% of revenue) and net earnings $47.5M.
Source: Qualys 10-Q on SEC EDGAR.