Filing Flows › Qualys (QLYS) › Q4 2024
Qualys (QLYS) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 21, 2025
Qualys (QLYS) reported revenue of $159M for the fourth quarter 2024 (Q4 2024), +10% from a year earlier and +3% from the quarter before. Operating margin was 31.0%, net earnings $44.0M (27.6% of revenue).
Qualys, Q4 2024: revenue $159M (+10% year over year), operating margin 31.0%, net earnings $44.0M, operating cash flow $47.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $159M | +3% | +10% |
| Gross profit | $130M | +4% | +11% |
| Operating profit | $49.4M | +10% | +19% |
| Net earnings | $44.0M | -5% | +8% |
| Operating cash flow | $47.7M | -22% | +41% |
| Free cash flow | $41.9M | -27% | +30% |
What changed
Revenue was $159.2M in Q4 2024, up 10% year over year and up 3% from the previous quarter.
Gross margin was 81.8%, up 0.5 points from a year earlier. Operating profit was $49.4M, a 31.0% margin (up 2.4 points year over year). Of the extra revenue versus a year earlier, 54% reached operating profit, above the 29% margin then. Operating expenses grew 6% against revenue growth of 10%. The fastest-growing cost line was General & admin (+11%). Net earnings were $44.0M, up 8% year over year. The effective tax rate was 18.3%.
Operating cash flow was $47.7M (up 41% year over year), 109% of net earnings. Non-cash charges added back $4.1M of depreciation and amortization and $20.7M of share-based compensation. Working capital and other items used $21.0M. Capital expenditures of $5.8M left free cash flow of $41.9M.
Questions
What was Qualys' revenue in the fourth quarter 2024?
Qualys (QLYS) reported revenue of $159M for the fourth quarter 2024 (Q4 2024), +10% from a year earlier and +3% from the quarter before.
Was Qualys profitable in the fourth quarter 2024?
Operating profit was $49.4M (31.0% of revenue) and net earnings $44.0M.
Source: Qualys 10-K on SEC EDGAR.