Filing Flows › Qualys (QLYS) › Q4 2025
Qualys (QLYS) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 20, 2026
Qualys (QLYS) reported revenue of $175M for the fourth quarter 2025 (Q4 2025), +10% from a year earlier and +3% from the quarter before. Operating margin was 33.6%, net earnings $53.1M (30.3% of revenue).
Qualys, Q4 2025: revenue $175M (+10% year over year), operating margin 33.6%, net earnings $53.1M, operating cash flow $75.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $175M | +3% | +10% |
| Gross profit | $146M | +3% | +12% |
| Operating profit | $58.8M | -2% | +19% |
| Net earnings | $53.1M | +6% | +21% |
| Operating cash flow | $75.7M | -16% | +59% |
| Free cash flow | $74.9M | -16% | +79% |
What changed
Revenue was $175.3M in Q4 2025, up 10% year over year and up 3% from the previous quarter.
Gross margin was 83.4%, up 1.6 points from Q4 2024. Operating profit was $58.8M, a 33.6% margin (up 2.5 points year over year). Of the extra revenue versus Q4 2024, 59% reached operating profit, above the 31% margin then. Operating expenses grew 8% against revenue growth of 10%. The fastest-growing cost line was Sales & marketing (+17%). Net earnings were $53.1M, up 21% year over year. The effective tax rate was 17.5%.
Operating cash flow was $75.7M (up 59% year over year), 142% of net earnings. Non-cash charges added back $3.1M of depreciation and amortization and $20.7M of share-based compensation. Capital expenditures of $724K left free cash flow of $74.9M.
Questions
What was Qualys' revenue in the fourth quarter 2025?
Qualys (QLYS) reported revenue of $175M for the fourth quarter 2025 (Q4 2025), +10% from a year earlier and +3% from the quarter before.
Was Qualys profitable in the fourth quarter 2025?
Operating profit was $58.8M (33.6% of revenue) and net earnings $53.1M.
Source: Qualys 10-K on SEC EDGAR.