Filing Flows › Qualys (QLYS) › Q3 2025
Qualys (QLYS) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 4, 2025
Qualys (QLYS) reported revenue of $170M for the third quarter 2025 (Q3 2025), +10% from a year earlier and +4% from the quarter before. Operating margin was 35.3%, net earnings $50.3M (29.6% of revenue).
Qualys, Q3 2025: revenue $170M (+10% year over year), operating margin 35.3%, net earnings $50.3M, operating cash flow $90.4M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $170M | +4% | +10% |
| Gross profit | $142M | +5% | +14% |
| Operating profit | $60.0M | +17% | +33% |
| Net earnings | $50.3M | +6% | +9% |
| Operating cash flow | $90.4M | +168% | +48% |
| Free cash flow | $89.5M | +176% | +55% |
What changed
Revenue was $169.9M in Q3 2025, up 10% year over year and up 4% from the previous quarter.
Gross margin was 83.6%, up 2.4 points from a year earlier. Operating profit was $60.0M, a 35.3% margin (up 6.1 points year over year). Of the extra revenue versus a year earlier, 94% reached operating profit, above the 29% margin then. Operating expenses grew 3% against revenue growth of 10%. Net earnings were $50.3M, up 9% year over year. The effective tax rate was 22.9%.
Operating cash flow was $90.4M (up 48% year over year), 180% of net earnings. Non-cash charges added back $3.2M of depreciation and amortization and $19.4M of share-based compensation. Working capital and other items added $17.4M. Capital expenditures of $901K left free cash flow of $89.5M.
Questions
What was Qualys' revenue in the third quarter 2025?
Qualys (QLYS) reported revenue of $170M for the third quarter 2025 (Q3 2025), +10% from a year earlier and +4% from the quarter before.
Was Qualys profitable in the third quarter 2025?
Operating profit was $60.0M (35.3% of revenue) and net earnings $50.3M.
Source: Qualys 10-Q on SEC EDGAR.