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How Qualys (QLYS) makes money
Qualys (QLYS) made $182M of revenue in the second quarter 2026 (Q2 2026), +11% from a year earlier. Of every dollar of revenue, 83¢ was left as gross profit, 34¢ was left as operating profit, 29¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q2 2026 | % of revenue |
|---|---|---|
| Revenue | $182M | 100.0% |
| Cost of revenue | $30.2M | 16.6% |
| Gross profit | $152M | 83.4% |
| Operating expenses | $90.0M | 49.4% |
| Operating profit | $61.9M | 34.0% |
| Income tax | $14.7M | 8.0% |
| Net earnings | $52.4M | 28.8% |
| Operating cash flow | $59.6M | 32.7% |
| Free cash flow | $55.9M | 30.7% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 2026 | $182M | +11% |
| Q1 2026 | $176M | +10% |
| Q4 2025 | $175M | +10% |
| Q3 2025 | $170M | +10% |
| Q2 2025 | $164M | +10% |
| Q1 2025 | $160M | +10% |
| Q4 2024 | $159M | +10% |
From Qualys' 10-Q filed Aug 4, 2026 (on EDGAR).
Questions
How does Qualys make money?
Qualys (QLYS) made $182M of revenue in the second quarter 2026 (Q2 2026), +11% from a year earlier. Of every dollar of revenue, 83¢ was left as gross profit, 34¢ was left as operating profit, 29¢ was left as net earnings.
What is Qualys' profit margin?
Net earnings were $52.4M, 28.8% of revenue, in the second quarter 2026; the operating margin was 34.0%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.