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Qualys
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Updated Aug 4, 2026
Qualys raises FY2026 guidance after 11% Q2 revenue growth; AI-native Risk Ops adoption accelerating
Qualys delivered Q2 2026 revenue of $182.2 million, up 11% YoY, with non-GAAP operating income of $81.4 million (45% margin) and raised full-year guidance to $732–$738 million (9–10% growth). Management attributes momentum to three distinct vectors: AI-native Risk Operations Center adoption via Enterprise TruRisk Management, growing federal pipeline opportunity, and early traction in QFlex (a new offering category not detailed in this release). Operating cash flow surged 77% to $59.6 million, signaling durable margin expansion. The federal authorization of TotalCloud via FedRAMP High—sponsored by DEA—unlocks CNAPP capabilities for highly regulated customers, a material gateway event. Management's language shifted from cautious to confident on long-term growth reacceleration, a departure from prior quarterly framing.
Tone: bullishRevenue
$669.1M
QLYS 10-K · FY 2025
Employees
2,625
Revenue FY2024
$607.6M
EBITDA margin
46%
Profile
QLYS 10-K Item 1 · Feb 20, 2026Qualys is a cloud-based cybersecurity platform provider offering integrated IT, security, and compliance solutions delivered via a SaaS model. Its Enterprise TruRisk Platform enables customers to discover, assess, prioritize, and remediate cyber risk across on-premises, cloud, endpoint, container, and mobile environments. The company serves over 10,000 customers worldwide, including a majority of the Forbes Global 100.
Read filing description ↓ Collapse description ↑
We are a leading provider of a cloud-based platform delivering information technology (IT), security and compliance solutions. Our integrated suite of IT, security and compliance solutions delivered on Qualys' Enterprise TruRisk Platform enables our customers to: 1) identify and manage their internal and external IT and operational technology (OT) assets across on-premises, endpoints, cloud, containers, and mobile environments; 2) collect and analyze large amounts of IT security data; 3) discover and prioritize vulnerabilities; 4) quantify cyber risk exposure; 5) recommend and implement remediation actions; and 6) verify the implementation of such actions. This helps organizations protect their systems and applications from ever-evolving cyber-attacks and helps achieve compliance with internal policies and external regulations. Our cloud platform addresses the growing IT, security and compliance complexities and risks that are amplified by the dissolving boundaries between IT infrastructures and web environments, the rapid adoption of cloud computing, containers and serverless IT models, and the proliferation of geographically dispersed IT assets. Organizations use our integrated suite of solutions to cost-effectively obtain a unified view of their internal and external IT and OT asset inventory as well as security and compliance posture across globally-distributed IT infrastructures as our solution offers a single platform for IT, information security, application security, endpoint, developer security and cloud teams. We provide our solutions through a software-as-a-service model, primarily with renewable annual subscriptions. Our cloud platform is currently used by over 10,000 customers worldwide, including a majority of the Forbes Global 100.
Primary products
- Cybersecurity Asset Management (CSAM)
- Enterprise TruRisk Management (ETM)
- Vulnerability Management, Detection and Response (VMDR)
- Total Application Security (TotalAppSec, TAS)
- Patch Management (PM)
- Custom Assessment and Remediation (CAR)
End markets
Geographies
Named customers
In each of 2025, 2024 and 2023, no one customer accounted for more than 10% of our revenues.
Named competitors
“We believe that our suite of solutions generally competes favorably with respect to these factors. However, many of our primary competitors have greater name recognition, longer operating histories, more established customer relationships, larger marketing budgets and significantly greater resources than we do.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Revenues increased to $669.1 million in 2025 from $607.6 million in 2024, continuing a multi-year growth trend from $554.5 million in 2023.
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