Filing Flows › Qualys (QLYS) › Q1 2026 › vs Q1 2025
Qualys (QLYS) Q1 2026 vs Q1 2025 (year over year)
Qualys's revenue rose $15.7M (+10%) from $160M in Q1 2025 to $176M in Q1 2026. Gross margin 82.9% against 81.9% (+1.0 pts).
Qualys, Q1 2026: revenue $176M (+10% year over year), operating margin 34.7%, net earnings $50.6M, operating cash flow $95.3M. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Gross margin | 82.9% | 81.9% | +1.0 pts |
| Operating margin | 34.7% | 32.4% | +2.3 pts |
| Net margin | 28.8% | 29.7% | -0.9 pts |
| Free cash flow margin | 53.3% | 67.3% | -14.0 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $176M | $160M | $15.7M | +10% |
| Gross profit | $146M | $131M | $14.7M | +11% |
| Cost of revenue | $30.0M | $28.9M | $1.1M | +4% |
| Other income, net | $4.1M | $6.6M | −$2.4M | -37% |
| Operating profit | $60.9M | $51.8M | $9.1M | +18% |
| Operating expenses | $84.8M | $79.2M | $5.5M | +7% |
| Pre-tax earnings | $65.0M | $58.3M | $6.7M | +11% |
| Research & development | $29.0M | $29.2M | −$134K | -0.5% |
| Sales & marketing | $38.8M | $32.7M | $6.1M | +19% |
| General & admin | $17.0M | $17.4M | −$421K | -2% |
| Net earnings | $50.6M | $47.5M | $3.1M | +7% |
| Income tax | $14.3M | $10.8M | $3.6M | +33% |
| Depreciation & amortization | $3.0M | $4.2M | −$1.1M | -27% |
| Share-based compensation | $19.3M | $18.8M | $520K | +3% |
| Working capital & other | $22.3M | $39.1M | −$16.8M | -43% |
| Operating cash flow | $95.3M | $110M | −$14.3M | -13% |
| Free cash flow (OCF − capex) | $93.6M | $108M | −$13.9M | -13% |
| Capital expenditures | $1.7M | $2.0M | −$371K | -18% |
Questions
How much did Qualys's revenue grow year over year in Q1 2026?
Qualys's revenue rose $15.7M (+10%) from $160M in Q1 2025 to $176M in Q1 2026. Gross margin 82.9% against 81.9% (+1.0 pts).