Qualys, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $198.3M | $173.7M | $151.6M | $108.0M | $71.0M | $91.6M | $69.3M | $57.3M |
| Depreciation & Amortization | $14.5M | $18.5M | $27.0M | $34.6M | $35.9M | $32.8M | $31.2M | $28.9M |
| Depreciation | — | — | — | — | — | — | $24.9M | $25.1M |
| Amortization | $2.6M | $2.9M | $3.1M | $5.7M | $6.7M | $6.3M | $6.1M | $3.7M |
| Stock-Based Compensation | $77.0M | $77.1M | $69.1M | $53.4M | $67.6M | $40.0M | $34.9M | $30.1M |
| Net Cash from Operating Activities | $309.4M | $244.1M | $244.6M | $198.9M | $200.6M | $180.1M | $160.6M | $125.5M |
| Investing Activities | ||||||||
| Capital Expenditures | $5.0M | $12.3M | $8.8M | $15.4M | $24.4M | $30.0M | $27.6M | $22.8M |
| Business Acquisitions | — | $0 | $0 | $8.6M | $1.2M | $1.5M | $4.1M | $13.6M |
| Net Cash from Investing Activities | $-105.9M | $-71.4M | $-73.2M | $145.1M | $-29.5M | $-80.9M | $-35.0M | $-93.5M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $183.4M | $139.9M | $170.8M | $317.3M | $130.0M | $126.7M | $86.4M | $85.0M |
| Net Cash from Financing Activities | $-185.4M | $-145.7M | $-141.5M | $-306.0M | $-107.9M | $-112.6M | $-79.0M | $-77.5M |
| Net Change in Cash | $18.1M | $27.0M | $29.9M | $37.9M | $63.2M | $-13.4M | $46.5M | $-45.6M |
| Free Cash Flow | $304.4M | $231.8M | $235.8M | $183.5M | $176.2M | $150.0M | $133.0M | $102.7M |