Filing Flows › Qualys (QLYS) › Q1 2026 › vs Q4 2025
Qualys (QLYS) Q1 2026 vs Q4 2025 (quarter over quarter)
Qualys's revenue rose $356K (+0.2%) from $175M in Q4 2025 to $176M in Q1 2026. Gross margin 82.9% against 83.4% (-0.4 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 Q4 2025, the increases inside each band.
Margins
| Q1 2026 | Q4 2025 | Change | |
|---|---|---|---|
| Gross margin | 82.9% | 83.4% | -0.4 pts |
| Operating margin | 34.7% | 33.6% | +1.1 pts |
| Net margin | 28.8% | 30.3% | -1.5 pts |
| Free cash flow margin | 53.3% | 42.8% | +10.6 pts |
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $176M | $175M | $356K | +0.2% |
| Gross profit | $146M | $146M | −$467K | -0.3% |
| Cost of revenue | $30.0M | $29.2M | $823K | +3% |
| Other income, net | $4.1M | $5.6M | −$1.5M | -27% |
| Operating profit | $60.9M | $58.8M | $2.0M | +3% |
| Operating expenses | $84.8M | $87.3M | −$2.5M | -3% |
| Pre-tax earnings | $65.0M | $64.4M | $564K | +0.9% |
| Research & development | $29.0M | $29.0M | $66K | +0.2% |
| Sales & marketing | $38.8M | $39.8M | −$995K | -3% |
| General & admin | $17.0M | $18.6M | −$1.6M | -9% |
| Net earnings | $50.6M | $53.1M | −$2.5M | -5% |
| Income tax | $14.3M | $11.3M | $3.1M | +27% |
| Depreciation & amortization | $3.0M | $3.1M | −$95K | -3% |
| Share-based compensation | $19.3M | $20.7M | −$1.3M | -6% |
| Working capital & other | $22.3M | −$1.3M | $23.6M | — |
| Operating cash flow | $95.3M | $75.7M | $19.6M | +26% |
| Free cash flow (OCF − capex) | $93.6M | $74.9M | $18.7M | +25% |
| Capital expenditures | $1.7M | $724K | $943K | +130% |
Questions
How much did Qualys's revenue grow quarter over quarter in Q1 2026?
Qualys's revenue rose $356K (+0.2%) from $175M in Q4 2025 to $176M in Q1 2026. Gross margin 82.9% against 83.4% (-0.4 pts).