Qualys Inc
NASDAQ:QLYS
Qualys Inc
In the early days of the internet boom, Qualys Inc., founded in 1999, emerged as a pivotal player in the realm of cybersecurity. Born in the heart of Silicon Valley, this company was founded by Philippe Courtot, a visionary who saw the internet not just as a network of opportunity but also a potential minefield of vulnerabilities. Qualys carved a niche in crafting cloud-based solutions that enable businesses to proactively manage their IT security risks. Through its innovative platform, Qualys provides a comprehensive suite of services that includes vulnerability assessment, compliance management, and web application security. Importantly, their solutions are designed to be scalable and flexible, aligning with the dynamic needs of enterprises, from fledgling startups to multinational corporations, thus ensuring their IT infrastructures remain secure and compliant.
Qualys generates revenue primarily through a subscription-based model, offering its extensive lineup of security services to clients who wish to safeguard their digital environments. The recurring revenue from this model is augmented by the value Qualys brings through constant innovation and upgrades, ensuring they remain ahead in the fast-evolving tech landscape. Rather than relying on static software installations, Qualys leverages cloud-based delivery, providing continuous updates and improvements without the need for time-consuming and costly deployment processes. This approach not only facilitates a seamless customer experience but also solidifies Qualys' position as a trusted ally in an ever-changing cybersecurity landscape, where the stakes are perpetually high and the need for reliable, agile solutions is more critical than ever.
In the early days of the internet boom, Qualys Inc., founded in 1999, emerged as a pivotal player in the realm of cybersecurity. Born in the heart of Silicon Valley, this company was founded by Philippe Courtot, a visionary who saw the internet not just as a network of opportunity but also a potential minefield of vulnerabilities. Qualys carved a niche in crafting cloud-based solutions that enable businesses to proactively manage their IT security risks. Through its innovative platform, Qualys provides a comprehensive suite of services that includes vulnerability assessment, compliance management, and web application security. Importantly, their solutions are designed to be scalable and flexible, aligning with the dynamic needs of enterprises, from fledgling startups to multinational corporations, thus ensuring their IT infrastructures remain secure and compliant.
Qualys generates revenue primarily through a subscription-based model, offering its extensive lineup of security services to clients who wish to safeguard their digital environments. The recurring revenue from this model is augmented by the value Qualys brings through constant innovation and upgrades, ensuring they remain ahead in the fast-evolving tech landscape. Rather than relying on static software installations, Qualys leverages cloud-based delivery, providing continuous updates and improvements without the need for time-consuming and costly deployment processes. This approach not only facilitates a seamless customer experience but also solidifies Qualys' position as a trusted ally in an ever-changing cybersecurity landscape, where the stakes are perpetually high and the need for reliable, agile solutions is more critical than ever.
Revenue Growth: Qualys delivered strong Q4 and full-year 2025 results, with revenue up 10% for both periods, reaching $669.1 million for the year and $175.3 million in Q4.
Profitability: The company maintained high margins, achieving a 47% adjusted EBITDA margin for both Q4 and the full year, and EPS grew to $7.07 per share in 2025.
Channel Momentum: Channel partners accounted for 51% of total revenue in Q4, with channel revenue up 17% versus 4% growth in direct sales.
AI & Platform Innovation: Qualys expanded its Agentic AI capabilities, launching new orchestration features and an AI agent marketplace to provide rapid, autonomous risk assessment and remediation.
Solid Guidance: For 2026, Qualys projects revenue growth of 7% to 8%, with guidance for $717–$725 million in revenue and EPS of $7.17–$7.45.
Shareholder Returns: The board authorized a $200 million increase to the share repurchase program, bringing total available repurchases to $360.5 million.
Net Expansion Rate: The net dollar expansion rate declined slightly to 103% in Q4 (from 104% last quarter), with guidance assuming stability at this level.
