Filing Flows › Comparisons › BL vs QLYS
Blackline vs Qualys: BL and QLYS compared
Blackline is the larger company: $193M of revenue in its latest quarter (Q3 2026) against $188M for Qualys (Q3 2026). Qualys is growing faster (+11% against +8% a year earlier). Qualys is more profitable, with an operating margin of 35.3% against 8.6%.
Where the money goes: BL and QLYS
Blackline (BL) · Q3 2026
Blackline, Q3 2026: revenue $193M (+8% year over year), operating margin 8.6%, net earnings $10.6M, operating cash flow $67.1M. The chart follows the revenue to costs, profit and cash.
Qualys (QLYS) · Q3 2026
Qualys, Q3 2026: revenue $188M (+11% year over year), operating margin 35.3%, net earnings $57.2M, operating cash flow $102M. The chart follows the revenue to costs, profit and cash.
| Blackline (BL) | Qualys (QLYS) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $193M | $188M |
| Revenue growth, Y/Y | +8% | +11% |
| Gross margin | 75.7% | 83.3% |
| Operating margin | 8.6% | 35.3% |
| Net earnings | $10.6M | $57.2M |
| Net margin | 5.5% | 30.4% |
| Operating cash flow | $67.1M | $102M |
| Free cash flow | $57.5M | $100M |
| Market value | $2.0B | $6.9B |
| P/E | 45.8× | 33.4× |
| Analysts’ mean target | $37.60 | $187.59 |
Where the revenue comes from
Blackline
- Subscription and support: $183M (95%)
- Professional services: $10.3M (5%)
Questions
Which is bigger, Blackline or Qualys?
Blackline is the larger company: $193M of revenue in its latest quarter (Q3 2026) against $188M for Qualys (Q3 2026).
Is Blackline or Qualys growing faster?
Qualys is growing faster (+11% against +8% a year earlier).
Which is more profitable, Blackline or Qualys?
Qualys is more profitable, with an operating margin of 35.3% against 8.6%.
More: Blackline earnings · how Blackline makes money · Qualys earnings · how Qualys makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Nov 9, 2026). Fiscal quarters can end on different dates. Not investment advice.