Filing Flows › Qualys (QLYS) › Q2 2025
Qualys (QLYS) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
Qualys (QLYS) reported revenue of $164M for the second quarter 2025 (Q2 2025), +10% from a year earlier and +3% from the quarter before. Operating margin was 31.3%, net earnings $47.3M (28.8% of revenue).
Qualys, Q2 2025: revenue $164M (+10% year over year), operating margin 31.3%, net earnings $47.3M, operating cash flow $33.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $164M | +3% | +10% |
| Gross profit | $135M | +3% | +11% |
| Operating profit | $51.4M | -0.7% | +7% |
| Net earnings | $47.3M | -0.5% | +8% |
| Operating cash flow | $33.8M | -69% | -32% |
| Free cash flow | $32.4M | -70% | -34% |
What changed
Revenue was $164.1M in Q2 2025, up 10% year over year and up 3% from the previous quarter.
Gross margin was 82.4%, up 0.2 points from a year earlier. Operating profit was $51.4M, a 31.3% margin (down 1.0 points year over year). Of the extra revenue versus a year earlier, 22% reached operating profit, below the 32% margin then. Operating expenses grew 13% against revenue growth of 10%. The fastest-growing cost line was General & admin (+18%). Net earnings were $47.3M, up 8% year over year. The effective tax rate was 19.6%.
Operating cash flow was $33.8M (down 32% year over year), 71% of net earnings. Non-cash charges added back $4.0M of depreciation and amortization and $18.0M of share-based compensation. Working capital and other items used $35.5M. Capital expenditures of $1.3M left free cash flow of $32.4M.
Questions
What was Qualys' revenue in the second quarter 2025?
Qualys (QLYS) reported revenue of $164M for the second quarter 2025 (Q2 2025), +10% from a year earlier and +3% from the quarter before.
Was Qualys profitable in the second quarter 2025?
Operating profit was $51.4M (31.3% of revenue) and net earnings $47.3M.
Source: Qualys 10-Q on SEC EDGAR.