Qualys, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $669.1M | $607.6M | $554.5M | $489.7M | $411.2M | $363.0M | $321.6M | $278.9M |
| Cost of Revenue | $114.8M | $111.5M | $107.5M | $102.8M | $89.4M | $79.2M | $69.5M | $66.2M |
| Gross Profit | $554.4M | $496.1M | $447.0M | $386.9M | $321.7M | $283.7M | $252.1M | $212.7M |
| Gross Margin | 82.8% | 81.7% | 80.6% | 79.0% | 78.2% | 78.2% | 78.4% | 76.3% |
| Operating Expenses | ||||||||
| Research & Development | $117.3M | $111.9M | $110.5M | $101.2M | $81.3M | $72.5M | $68.2M | $53.3M |
| SG&A Expense | $71.6M | $68.7M | $61.7M | $58.0M | $76.3M | $46.6M | $40.8M | $39.0M |
| Operating Income | $222.0M | $187.2M | $163.1M | $130.5M | $87.7M | $96.7M | $72.3M | $50.4M |
| Operating Margin | 33.2% | 30.8% | 29.4% | 26.7% | 21.3% | 26.6% | 22.5% | 18.1% |
| Interest Expense | — | — | — | $0 | $0 | $9.0K | $106.0K | $172.0K |
| Pretax Income | $246.8M | $209.8M | $178.7M | $133.7M | $89.4M | $102.0M | $80.0M | $55.5M |
| Income Tax Expense | $48.5M | $36.1M | $27.1M | $25.7M | $18.4M | $10.5M | $10.6M | $-1.8M |
| Net Income | $198.3M | $173.7M | $151.6M | $108.0M | $71.0M | $91.6M | $69.3M | $57.3M |
| Net Margin | 29.6% | 28.6% | 27.3% | 22.1% | 17.3% | 25.2% | 21.6% | 20.5% |
| EPS (Basic) | $5.49 | $4.72 | $4.11 | $2.81 | $1.82 | $2.34 | $1.77 | $1.47 |
| EPS (Diluted) | $5.44 | $4.65 | $4.03 | $2.74 | $1.77 | $2.25 | $1.68 | $1.37 |
| Shares Outstanding (Basic) | 36.1M | 36.8M | 36.9M | 38.5M | 39.0M | 39.2M | 39.1M | 38.9M |
| Shares Outstanding (Diluted) | 36.5M | 37.4M | 37.6M | 39.3M | 40.1M | 40.7M | 41.3M | 41.9M |
| Dividends Per Share | — | — | — | — | — | — | — | — |