Filing Flows › Qualys (QLYS) › Q2 2026 › vs Q2 2025
Qualys (QLYS) Q2 2026 vs Q2 2025 (year over year)
Qualys's revenue rose $18.1M (+11%) from $164M in Q2 2025 to $182M in Q2 2026. Gross margin 83.4% against 82.4% (+1.0 pts).
Qualys, Q2 2026: revenue $182M (+11% year over year), operating margin 34.0%, net earnings $52.4M, operating cash flow $59.6M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 83.4% | 82.4% | +1.0 pts |
| Operating margin | 34.0% | 31.3% | +2.6 pts |
| Net margin | 28.8% | 28.8% | -0.1 pts |
| Free cash flow margin | 30.7% | 19.8% | +10.9 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $182M | $164M | $18.1M | +11% |
| Gross profit | $152M | $135M | $16.7M | +12% |
| Cost of revenue | $30.2M | $28.9M | $1.4M | +5% |
| Other income, net | $5.2M | $7.4M | −$2.2M | -30% |
| Operating profit | $61.9M | $51.4M | $10.5M | +20% |
| Operating expenses | $90.0M | $83.8M | $6.3M | +7% |
| Pre-tax earnings | $67.1M | $58.8M | $8.2M | +14% |
| Research & development | $30.7M | $30.2M | $436K | +1% |
| Sales & marketing | $41.0M | $35.8M | $5.2M | +15% |
| General & admin | $18.3M | $17.7M | $601K | +3% |
| Net earnings | $52.4M | $47.3M | $5.1M | +11% |
| Income tax | $14.7M | $11.5M | $3.1M | +27% |
| Depreciation & amortization | $3.1M | $4.0M | −$916K | -23% |
| Share-based compensation | $18.8M | $18.0M | $767K | +4% |
| Working capital & other | $14.7M | $35.5M | −$20.9M | -59% |
| Operating cash flow | $59.6M | $33.8M | $25.8M | +77% |
| Free cash flow (OCF − capex) | $55.9M | $32.4M | $23.5M | +72% |
| Capital expenditures | $3.7M | $1.3M | $2.4M | +179% |
Questions
How much did Qualys's revenue grow year over year in Q2 2026?
Qualys's revenue rose $18.1M (+11%) from $164M in Q2 2025 to $182M in Q2 2026. Gross margin 83.4% against 82.4% (+1.0 pts).