Business
Qualys Announces First Quarter 2025 Financial Results
Revenue Growth of 10% Year-Over-Year Raises 2025 Revenue Guidance to $648-$657 million FOSTER CITY, Calif., May 6, 2025 /PRNewswire/ -- Qualys, Inc. (NASDAQ:
About this update from Qualys, Inc.
[{"type":"text","content":"Revenue Growth of 10% Year-Over-Year\nRaises 2025 Revenue Guidance to $648-$657 million\nFOSTER CITY, Calif., May 6, 2025 /PRNewswire/ -- Qualys, Inc. (NASDAQ: QLYS), a leading provider of disruptive cloud-based IT, security and compliance solutions, today announced financial results for the first quarter ended March 31, 2025. For the quarter, the Company reported revenues of $159.9 million, net income under United States Generally Accepted Accounting Principles (\"U.S. GAAP\") of $47.5 million, non-GAAP net income of $61.4 million, Adjusted EBITDA of $74.8 million, GAAP net income per diluted share of $1.29, and non-GAAP net income per diluted share of $1.67.\n\n\"Our Q1 results reflect the success of new product initiatives and demonstrate customer demand for natively-integrated cybersecurity risk management solutions,\" said Sumedh Thakar, Qualys' president and CEO. \"We believe our cloud-native architecture and rapid innovation engine underpin our leadership in cybersecurity transformation, extend our competitive differentiation, and provide multiple paths to drive durable long-term growth. As we enter a new paradigm of cyber risk management powered by real-time data, automation, and AI, our Enterprise TruRisk Management solution fosters enduring customer engagements, redefines and empowers real cybersecurity stack consolidation, and strategically positions Qualys as a foundational risk management platform of the future.\"\nFirst Quarter 2025 Financial Highlights\nRevenues: Revenues for the first quarter of 2025 increased by 10% to $159.9 million compared to $145.8 million for the same quarter in 2024.\nGross Profit: GAAP gross profit for the first quarter of 2025 increased by 10% to $131.0 million compared to $118.6 million for the same quarter in 2024. GAAP gross margin was 82% for the first quarter of 2025 compared to 81% for the same quarter in 2024. Non-GAAP gross profit for the first quarter of 2025 increased by 10% to $133.7 million compared to $121.4 million for the same quarter in 2024. Non-GAAP gross margin was 84% for the first quarter of 2025 compared to 83% for the same quarter in 2024.\nOperating Income: GAAP operating income for the first quarter of 2025 increased by 16% to $51.8 million compared to $44.8 million for the same quarter in 2024. As a percentage of revenues, GAAP operating income was 32% for the f...