Filing Flows › Qualys (QLYS) › Q1 2026
Qualys (QLYS) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Qualys (QLYS) reported revenue of $176M for the first quarter 2026 (Q1 2026), +10% from a year earlier and +0.2% from the quarter before. Operating margin was 34.7%, net earnings $50.6M (28.8% of revenue).
Qualys, Q1 2026: revenue $176M (+10% year over year), operating margin 34.7%, net earnings $50.6M, operating cash flow $95.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $176M | +0.2% | +10% |
| Gross profit | $146M | -0.3% | +11% |
| Operating profit | $60.9M | +3% | +18% |
| Net earnings | $50.6M | -5% | +7% |
| Operating cash flow | $95.3M | +26% | -13% |
| Free cash flow | $93.6M | +25% | -13% |
What changed
Revenue was $175.6M in Q1 2026, up 10% year over year and roughly flat from the previous quarter.
Gross margin was 82.9%, up 1.0 points from Q1 2025. Operating profit was $60.9M, a 34.7% margin (up 2.3 points year over year). Of the extra revenue versus Q1 2025, 58% reached operating profit, above the 32% margin then. Operating expenses grew 7% against revenue growth of 10%. The fastest-growing cost line was Sales & marketing (+19%). Net earnings were $50.6M, up 7% year over year. The effective tax rate was 22.1%.
Operating cash flow was $95.3M (down 13% year over year), 188% of net earnings. Non-cash charges added back $3.0M of depreciation and amortization and $19.3M of share-based compensation. Working capital and other items added $22.3M. Capital expenditures of $1.7M left free cash flow of $93.6M.
Questions
What was Qualys' revenue in the first quarter 2026?
Qualys (QLYS) reported revenue of $176M for the first quarter 2026 (Q1 2026), +10% from a year earlier and +0.2% from the quarter before.
Was Qualys profitable in the first quarter 2026?
Operating profit was $60.9M (34.7% of revenue) and net earnings $50.6M.
Source: Qualys 10-Q on SEC EDGAR.