Qualys, Inc. (QLYS) 10-Year Financial Performance & Capital Metrics

QLYS •

TechnologyInfrastructure SoftwareCybersecurity and identity management

AboutQualys, Inc. provides cloud-based information technology (IT), security, and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Vulnerability Management; Vulnerability Management, Detection and Response; Threat Protection; Continuous Monitoring; Patch Management; Multi-Vector Endpoint Detection and Response; Certificate Assessment; SaaS Detection and Response; Secure Enterprise Mobility; Policy Compliance; Security Configuration Assessment; PCI Compliance; File Integrity Monitoring; Security Assessment Questionnaire; Out of-Band Configuration Assessment; Web Application Scanning; Web Application Firewall; Global Asset Inventory; Cybersecurity Asset Management; Certificate Inventory; Cloud Inventory; Cloud Security Assessment; and Container Security. Its integrated suite of IT, security, and compliance solutions delivered on its Qualys Cloud Platform enables customers to identify and manage IT assets, collect and analyze IT security data, discover and prioritize vulnerabilities, recommend and implement remediation actions, and verify the implementation of such actions. The company also provides asset tagging and management, reporting and dashboards, questionnaires and collaboration, remediation and workflow, big data correlation and analytics engine, and alerts and notifications, which enable integrated workflows, management and real-time analysis, and reporting across IT, security, and compliance solutions. The company offers its solutions through its sales teams, as well as through its network of channel partners, such as security consulting organizations, managed service providers, resellers, and consulting firms. It serves enterprises, government entities, and small and medium-sized businesses in various industries, including education, financial services, government, healthcare, insurance, manufacturing, media, retail, technology, and utilities. The company was incorporated in 1999 and is headquartered in Foster City, California.Show more

Revenue $608M +9.6%
EBITDA $206M +8.2%
Net Income $174M +14.6%
EPS (Diluted) 4.65 +15.4%
Gross Margin 81.65% +1.3%
EBITDA Margin 33.86% -1.2%
Operating Margin 30.81% +4.8%
Net Margin 28.59% +4.6%
ROE 41.09% -10.9%
ROIC 57.85% -17.0%
Debt/Equity 0.10 +26.8%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Excellent 3Y average ROE of 39.0%
✓Strong 5Y profit CAGR of 20.2%
✓FCF machine: 38.1% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 13.6%

✗Weaknesses

✗Weak momentum: RS Rating 15 (bottom 15%)
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y16.36%

5Y13.57%

3Y13.9%

TTM10.13%

Profit (Net Income) CAGR

10Y19.1%

5Y20.16%

3Y34.77%

TTM11.05%

EPS CAGR

10Y19.1%

5Y22.58%

3Y37.98%

TTM13.66%

ROCE

10Y Avg21.72%

5Y Avg29.94%

3Y Avg37.1%

Latest38.65%

Peer Comparison

Cybersecurity and identity management

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
OKTAOkta, Inc.	563.4M	72.50	1208.33	15.33%	6.87%	2.83%	100%	0.15
PANWPalo Alto Networks, Inc.	104.69B	148.92	93.08	14.87%	12.96%	13.65%	3.31%	0.04
ALLTAllot Ltd.	250.63M	6.34	79.05	10.63%	3.63%	3.27%	6.18%	0.10
FTNTFortinet, Inc.	58.77B	79.03	32.52	14.17%	27.26%	149.77%	3.79%	0.81
GENGen Digital Inc.	13.93B	22.57	21.91	3.55%	12.76%	25.86%	8.66%	3.66
CHKPCheck Point Software Technologies Ltd.	16.48B	152.07	20.38	6.22%	37.62%	32.79%	6.24%	0.01
QLYSQualys, Inc.	3.32B	92.47	19.89	9.58%	28.96%	35.73%	6.98%	0.10
RPDRapid7, Inc.	394.95M	6.22	15.55	8.53%	1.44%	2.04%	42.6%	57.49

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	164.28M	197.93M	230.83M	278.89M	321.61M	362.96M	411.17M	489.72M	554.46M	607.57M
Revenue Growth %	22.99%	20.48%	16.62%	20.82%	15.32%	12.86%	13.28%	19.1%	13.22%	9.58%
Cost of Goods Sold+	33.88M	42.47M	51.58M	66.19M	69.52M	79.23M	89.44M	102.79M	107.48M	111.48M
COGS % of Revenue	20.63%	21.46%	22.35%	23.73%	21.62%	21.83%	21.75%	20.99%	19.39%	18.35%
Gross Profit+	130.4M	155.45M	179.25M	212.7M	252.09M	283.74M	321.73M	386.94M	446.97M	496.09M
Gross Margin %	79.37%	78.54%	77.65%	76.27%	78.38%	78.17%	78.25%	79.01%	80.61%	81.65%
Gross Profit Growth %	24.65%	19.21%	15.31%	18.66%	18.52%	12.55%	13.39%	20.27%	15.52%	10.99%
Operating Expenses+	105.59M	125.34M	142M	162.34M	179.84M	187.08M	234.05M	256.39M	283.9M	308.89M
OpEx % of Revenue	64.27%	63.33%	61.52%	58.21%	55.92%	51.54%	56.92%	52.35%	51.2%	50.84%
Selling, General & Admin	76.14M	90.08M	99.19M	109.09M	111.6M	114.53M	152.76M	155.2M	173.43M	197.04M
SG&A % of Revenue	46.35%	45.51%	42.97%	39.12%	34.7%	31.56%	37.15%	31.69%	31.28%	32.43%
Research & Development	29.45M	35.27M	42.82M	53.26M	68.24M	72.55M	81.29M	101.19M	110.47M	111.85M
R&D % of Revenue	17.93%	17.82%	18.55%	19.1%	21.22%	19.99%	19.77%	20.66%	19.92%	18.41%
Other Operating Expenses	-850K	-972K	-536K	-801K	0	0	0	0	0	0
Operating Income+	24.81M	30.11M	37.24M	50.36M	72.25M	96.65M	87.68M	130.55M	163.07M	187.2M
Operating Margin %	15.1%	15.21%	16.13%	18.06%	22.47%	26.63%	21.33%	26.66%	29.41%	30.81%
Operating Income Growth %	168.26%	21.37%	23.7%	35.22%	43.47%	33.77%	-9.28%	48.89%	24.91%	14.8%
EBITDA+	39.17M	47.1M	57.88M	79.27M	103.45M	129.5M	123.58M	165.17M	190.06M	205.71M
EBITDA Margin %	23.84%	23.8%	25.07%	28.42%	32.17%	35.68%	30.06%	33.73%	34.28%	33.86%
EBITDA Growth %	85.23%	20.26%	22.88%	36.95%	30.52%	25.18%	-4.57%	33.65%	15.07%	8.23%
D&A (Non-Cash Add-back)	14.36M	16.99M	20.64M	28.9M	31.2M	32.84M	35.9M	34.62M	26.99M	18.51M
EBIT	24.53M	30.45M	39.38M	50.36M	80.09M	102.05M	87.68M	130.55M	163.07M	187.2M
Net Interest Income+	564K	1.29M	2.67M	5.91M	8.34M	5.38M	2.29M	5.19M	16.91M	25.78M
Interest Income	570K	1.32M	2.67M	6.08M	8.44M	5.38M	2.29M	5.19M	16.91M	25.78M
Interest Expense	6K	26K	3K	172K	106K	9K	0	0	0	0
Other Income/Expense	-286K	322K	2.13M	5.11M	7.73M	5.38M	1.71M	3.15M	15.58M	22.63M
Pretax Income+	24.52M	30.43M	39.38M	55.47M	79.98M	102.04M	89.4M	133.7M	178.65M	209.82M
Pretax Margin %	14.93%	15.37%	17.06%	19.89%	24.87%	28.11%	21.74%	27.3%	32.22%	34.53%
Income Tax+	8.65M	11.21M	-1.06M	-1.84M	10.65M	10.46M	18.44M	25.71M	27.06M	36.14M
Effective Tax Rate %	64.7%	63.18%	102.7%	103.31%	86.69%	89.74%	79.38%	80.77%	84.86%	82.77%
Net Income+	15.87M	19.22M	40.44M	57.3M	69.34M	91.57M	70.96M	107.99M	151.59M	173.68M
Net Margin %	9.66%	9.71%	17.52%	20.55%	21.56%	25.23%	17.26%	22.05%	27.34%	28.59%
Net Income Growth %	-47.54%	21.17%	110.36%	41.7%	21%	32.07%	-22.51%	52.19%	40.38%	14.57%
Net Income (Continuing)	15.87M	19.22M	40.44M	57.3M	69.34M	91.57M	70.96M	107.99M	151.59M	173.68M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.42	0.50	1.01	1.37	1.68	2.24	1.77	2.74	4.03	4.65
EPS Growth %	-48.15%	19.05%	102%	35.64%	22.63%	33.33%	-20.98%	54.8%	47.08%	15.38%
EPS (Basic)	0.47	0.55	1.08	1.37	1.77	2.34	1.82	2.81	4.11	4.72
Diluted Shares Outstanding	38.18M	38.37M	40.07M	41.9M	41.34M	40.82M	40.12M	39.34M	37.6M	37.35M
Basic Shares Outstanding	34.05M	35.25M	37.44M	41.83M	39.08M	39.17M	39.03M	38.45M	36.88M	36.8M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	229.24M	300.69M	369.35M	378.96M	395.62M	475.35M	546.4M	473.34M	600M	585.69M
Cash & Short-Term Investments	178.97M	243.86M	288.41M	289.17M	298.89M	356.02M	405.29M	321.33M	425.56M	381.42M
Cash Only	91.7M	86.74M	86.59M	41.03M	87.56M	74.13M	137.33M	173.72M	203.66M	232.18M
Short-Term Investments	87.27M	157.12M	201.82M	248.14M	211.33M	281.89M	267.96M	147.61M	221.89M	149.24M
Accounts Receivable	42.33M	47.02M	64.41M	75.83M	78.03M	100.18M	109M	121.8M	146.23M	164.55M
Days Sales Outstanding	94.04	86.72	101.85	99.24	88.56	100.74	96.76	90.78	96.26	98.85
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	0	9.81M	16.52M	13.97M	0	0	0	30.22M	28.21M	39.72M
Total Non-Current Assets+	94.28M	106.32M	168.18M	206.72M	279.99M	261.47M	268.16M	227.6M	212.62M	387.85M
Property, Plant & Equipment	31.33M	39.4M	58.56M	61.44M	101.13M	109.69M	98.87M	81.18M	54.99M	71.32M
Fixed Asset Turnover	5.24x	5.02x	3.94x	4.54x	3.18x	3.31x	4.16x	6.03x	10.08x	8.52x
Goodwill	317K	317K	1.55M	7.22M	7.45M	7.45M	7.45M	7.45M	7.45M	7.45M
Intangible Assets	1.36M	987K	12.4M	21.98M	16.8M	12.01M	6.54M	12.8M	9.71M	6.81M
Long-Term Investments	43.28M	45.73M	67.22M	79.21M	119.51M	98.46M	111.2M	59.21M	56.64M	193.89M
Other Non-Current Assets	1.92M	3.3M	3.38M	10.47M	16.28M	18.06M	19.01M	21.56M	21.06M	27.08M
Total Assets+	323.51M	407M	537.52M	585.68M	675.61M	736.82M	814.56M	700.94M	812.62M	973.54M
Asset Turnover	0.51x	0.49x	0.43x	0.48x	0.48x	0.49x	0.50x	0.70x	0.68x	0.62x
Asset Growth %	24.42%	25.81%	32.07%	8.96%	15.35%	9.06%	10.55%	-13.95%	15.93%	19.8%
Total Current Liabilities+	112.18M	130.33M	165.77M	196.91M	223.47M	255.73M	304.28M	352.19M	389.21M	428.39M
Accounts Payable	2.37M	2.05M	1.14M	5.59M	848K	731K	1.3M	2.81M	988K	1.27M
Days Payables Outstanding	25.51	17.63	8.1	30.82	4.45	3.37	5.29	9.97	3.36	4.16
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Deferred Revenue (Current)	98.03M	114.96M	143.19M	164.62M	192.17M	213.49M	257.87M	293.73M	333.27M	371.46M
Other Current Liabilities	0	0	0	0	0	0	0	0	0	0
Current Ratio	2.04x	2.31x	2.23x	1.92x	1.77x	1.86x	1.80x	1.34x	1.54x	1.37x
Quick Ratio	2.04x	2.31x	2.23x	1.92x	1.77x	1.86x	1.80x	1.34x	1.54x	1.37x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	15.77M	18.26M	28.21M	30.78M	65.34M	76.61M	73.56M	59.62M	55.24M	68.03M
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	44.02M	45.7M	35.91M	29.12M	16.89M	37.5M
Deferred Tax Liabilities	0	0	3.38M	8.95M	0	0	0	0	0	0
Other Non-Current Liabilities	1.21M	2.73M	11.07M	10.36M	388K	367K	4.9M	7.01M	6.68M	6.27M
Total Liabilities	127.95M	148.59M	193.98M	227.69M	288.81M	332.34M	377.85M	411.81M	444.44M	496.42M
Total Debt+	0	0	0	1.56M	51.68M	57.37M	48.52M	42.18M	28.74M	47.22M
Net Debt	-91.7M	-86.74M	-86.59M	-39.46M	-35.88M	-16.76M	-88.81M	-131.54M	-174.92M	-184.96M
Debt / Equity	-	-	-	0.00x	0.13x	0.14x	0.11x	0.15x	0.08x	0.10x
Debt / EBITDA	-	-	-	0.02x	0.50x	0.44x	0.39x	0.26x	0.15x	0.23x
Net Debt / EBITDA	-2.34x	-1.84x	-1.50x	-0.50x	-0.35x	-0.13x	-0.72x	-0.80x	-0.92x	-0.90x
Interest Coverage	4134.33x	1157.96x	12414.33x	292.80x	681.63x	10739.33x	-	-	-	-
Total Equity+	195.57M	258.41M	343.54M	357.99M	386.8M	404.48M	436.71M	289.13M	368.17M	477.12M
Equity Growth %	28.81%	32.14%	32.94%	4.2%	8.05%	4.57%	7.97%	-33.79%	27.34%	29.59%
Book Value per Share	5.12	6.73	8.57	8.54	9.36	9.91	10.89	7.35	9.79	12.77
Total Shareholders' Equity	195.57M	258.41M	343.54M	357.99M	386.8M	404.48M	436.71M	289.13M	368.17M	477.12M
Common Stock	34K	36K	39K	39K	39K	39K	39K	37K	37K	37K
Retained Earnings	-27.48M	-8.26M	39.92M	27.96M	23.19M	3.57M	-41.66M	-221.45M	-228.08M	-189.22M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-211K	-156K	-574K	-586K	1.16M	-484K	1.01M	-1.95M	-1.7M	1.42M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	65.96M	68.11M	107.65M	127.8M	160.61M	180.09M	200.62M	198.85M	244.6M	244.09M
Operating CF Margin %	40.15%	34.41%	46.63%	45.83%	49.94%	49.62%	48.79%	40.61%	44.12%	40.18%
Operating CF Growth %	59.44%	3.26%	58.05%	18.72%	25.67%	12.13%	11.4%	-0.88%	23.01%	-0.21%
Net Income	15.87M	19.22M	40.44M	57.3M	69.34M	91.57M	70.96M	107.99M	151.59M	173.68M
Depreciation & Amortization	14.36M	16.99M	20.64M	28.91M	31.2M	32.84M	35.9M	34.62M	26.99M	18.51M
Stock-Based Compensation	17.49M	20.15M	26.96M	30.09M	34.89M	40.03M	67.58M	53.41M	69.08M	77.13M
Deferred Taxes	6.56M	-440K	-10.41M	-4.14M	7.09M	3.51M	-9.72M	-20.25M	-16.64M	-19.46M
Other Non-Cash Items	1.22M	-7.45M	9.84M	-1.02M	-1.15M	1.42M	4.91M	1.43M	-4.63M	-5.97M
Working Capital Changes	10.46M	19.63M	20.18M	16.67M	19.23M	10.7M	30.99M	21.65M	18.21M	204K
Change in Receivables	-10.18M	-4.9M	-17.97M	-11.5M	-2.46M	-22.63M	-9.22M	-13.39M	-24.98M	-19.09M
Change in Inventory	2.33M	7.59M	1.43M	-3.54M	0	2.8M	-6.34M	0	0	0
Change in Payables	-3.29M	-1.22M	-454K	656K	-1.08M	-389K	-32K	2.11M	-1.58M	219K
Cash from Investing+	-61.35M	-96.49M	-118.19M	-95.88M	-35.03M	-80.93M	-29.53M	145.07M	-73.17M	-71.43M
Capital Expenditures	-20.15M	-23.25M	-37.82M	-25.11M	-27.57M	-30.04M	-25.65M	-23.98M	-8.79M	-12.33M
CapEx % of Revenue	12.27%	11.74%	16.38%	9%	8.57%	8.28%	6.24%	4.9%	1.58%	2.03%
Acquisitions	99K	0	-12.48M	-13.63M	-4.05M	-1.5M	-1.22M	-145.07M	0	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-99K	-73.25M	-67.89M	-57.14M	-625K	419K	1.85M	145.07M	0	0
Cash from Financing+	10.58M	23.42M	10.4M	-77.48M	-79.05M	-112.58M	-107.89M	-306.03M	-141.49M	-145.65M
Debt Issued (Net)	0	0	0	-1.62M	-1.71M	-114K	-90K	0	0	0
Equity Issued (Net)	0	0	0	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	0	-438K	-20.92M	-85.04M	-86.42M	-126.73M	-129.98M	-317.34M	-170.8M	-139.88M
Other Financing	10.58M	23.42M	10.4M	9.17M	9.09M	14.26M	22.18M	-17.61M	29.31M	-5.78M
Net Change in Cash	15.19M	-4.96M	-146K	-45.56M	46.53M	-13.43M	63.2M	37.89M	29.95M	27.02M
Free Cash Flow+	45.81M	44.87M	69.83M	102.69M	128.98M	150.05M	174.96M	174.87M	235.82M	231.76M
FCF Margin %	27.88%	22.67%	30.25%	36.82%	40.11%	41.34%	42.55%	35.71%	42.53%	38.15%
FCF Growth %	67.44%	-2.06%	55.64%	47.06%	25.61%	16.33%	16.6%	-0.05%	34.85%	-1.72%
FCF per Share	1.20	1.17	1.74	2.45	3.12	3.68	4.36	4.44	6.27	6.20
FCF Conversion (FCF/Net Income)	4.16x	3.54x	2.66x	2.23x	2.32x	1.97x	2.83x	1.84x	1.61x	1.41x
Interest Paid	6K	27K	3K	168K	107K	9K	0	0	0	0
Taxes Paid	995K	856K	1.58M	2.69M	3.03M	8.06M	35.08M	39.74M	34.92M	60.55M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	9.13%	8.47%	13.44%	16.34%	18.62%	23.15%	16.87%	29.76%	46.13%	41.09%
Return on Invested Capital (ROIC)	20.77%	16.39%	13.03%	13.13%	16.19%	19.63%	17.88%	38.74%	69.72%	57.85%
Gross Margin	79.37%	78.54%	77.65%	76.27%	78.38%	78.17%	78.25%	79.01%	80.61%	81.65%
Net Margin	9.66%	9.71%	17.52%	20.55%	21.56%	25.23%	17.26%	22.05%	27.34%	28.59%
Debt / Equity	-	-	-	0.00x	0.13x	0.14x	0.11x	0.15x	0.08x	0.10x
Interest Coverage	4134.33x	1157.96x	12414.33x	292.80x	681.63x	10739.33x	-	-	-	-
FCF Conversion	4.16x	3.54x	2.66x	2.23x	2.32x	1.97x	2.83x	1.84x	1.61x	1.41x
Revenue Growth	22.99%	20.48%	16.62%	20.82%	15.32%	12.86%	13.28%	19.1%	13.22%	9.58%

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Qualys, Inc. (QLYS) 10-Year Financial Performance & Capital Metrics

QLYS •

TechnologyInfrastructure SoftwareCybersecurity and identity management

Revenue $608M +9.6%
EBITDA $206M +8.2%
Net Income $174M +14.6%
EPS (Diluted) 4.65 +15.4%
Gross Margin 81.65% +1.3%
EBITDA Margin 33.86% -1.2%
Operating Margin 30.81% +4.8%
Net Margin 28.59% +4.6%
ROE 41.09% -10.9%
ROIC 57.85% -17.0%
Debt/Equity 0.10 +26.8%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Excellent 3Y average ROE of 39.0%
✓Strong 5Y profit CAGR of 20.2%
✓FCF machine: 38.1% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 13.6%

✗Weaknesses

✗Weak momentum: RS Rating 15 (bottom 15%)
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y16.36%

5Y13.57%

3Y13.9%

TTM10.13%

Profit (Net Income) CAGR

10Y19.1%

5Y20.16%

3Y34.77%

TTM11.05%

EPS CAGR

10Y19.1%

5Y22.58%

3Y37.98%

TTM13.66%

ROCE

10Y Avg21.72%

5Y Avg29.94%

3Y Avg37.1%

Latest38.65%

Peer Comparison

Cybersecurity and identity management

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
OKTAOkta, Inc.	563.4M	72.50	1208.33	15.33%	6.87%	2.83%	100%	0.15
PANWPalo Alto Networks, Inc.	104.69B	148.92	93.08	14.87%	12.96%	13.65%	3.31%	0.04
ALLTAllot Ltd.	250.63M	6.34	79.05	10.63%	3.63%	3.27%	6.18%	0.10
FTNTFortinet, Inc.	58.77B	79.03	32.52	14.17%	27.26%	149.77%	3.79%	0.81
GENGen Digital Inc.	13.93B	22.57	21.91	3.55%	12.76%	25.86%	8.66%	3.66
CHKPCheck Point Software Technologies Ltd.	16.48B	152.07	20.38	6.22%	37.62%	32.79%	6.24%	0.01
QLYSQualys, Inc.	3.32B	92.47	19.89	9.58%	28.96%	35.73%	6.98%	0.10
RPDRapid7, Inc.	394.95M	6.22	15.55	8.53%	1.44%	2.04%	42.6%	57.49

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	164.28M	197.93M	230.83M	278.89M	321.61M	362.96M	411.17M	489.72M	554.46M	607.57M
Revenue Growth %	22.99%	20.48%	16.62%	20.82%	15.32%	12.86%	13.28%	19.1%	13.22%	9.58%
Cost of Goods Sold+	33.88M	42.47M	51.58M	66.19M	69.52M	79.23M	89.44M	102.79M	107.48M	111.48M
COGS % of Revenue	20.63%	21.46%	22.35%	23.73%	21.62%	21.83%	21.75%	20.99%	19.39%	18.35%
Gross Profit+	130.4M	155.45M	179.25M	212.7M	252.09M	283.74M	321.73M	386.94M	446.97M	496.09M
Gross Margin %	79.37%	78.54%	77.65%	76.27%	78.38%	78.17%	78.25%	79.01%	80.61%	81.65%
Gross Profit Growth %	24.65%	19.21%	15.31%	18.66%	18.52%	12.55%	13.39%	20.27%	15.52%	10.99%
Operating Expenses+	105.59M	125.34M	142M	162.34M	179.84M	187.08M	234.05M	256.39M	283.9M	308.89M
OpEx % of Revenue	64.27%	63.33%	61.52%	58.21%	55.92%	51.54%	56.92%	52.35%	51.2%	50.84%
Selling, General & Admin	76.14M	90.08M	99.19M	109.09M	111.6M	114.53M	152.76M	155.2M	173.43M	197.04M
SG&A % of Revenue	46.35%	45.51%	42.97%	39.12%	34.7%	31.56%	37.15%	31.69%	31.28%	32.43%
Research & Development	29.45M	35.27M	42.82M	53.26M	68.24M	72.55M	81.29M	101.19M	110.47M	111.85M
R&D % of Revenue	17.93%	17.82%	18.55%	19.1%	21.22%	19.99%	19.77%	20.66%	19.92%	18.41%
Other Operating Expenses	-850K	-972K	-536K	-801K	0	0	0	0	0	0
Operating Income+	24.81M	30.11M	37.24M	50.36M	72.25M	96.65M	87.68M	130.55M	163.07M	187.2M
Operating Margin %	15.1%	15.21%	16.13%	18.06%	22.47%	26.63%	21.33%	26.66%	29.41%	30.81%
Operating Income Growth %	168.26%	21.37%	23.7%	35.22%	43.47%	33.77%	-9.28%	48.89%	24.91%	14.8%
EBITDA+	39.17M	47.1M	57.88M	79.27M	103.45M	129.5M	123.58M	165.17M	190.06M	205.71M
EBITDA Margin %	23.84%	23.8%	25.07%	28.42%	32.17%	35.68%	30.06%	33.73%	34.28%	33.86%
EBITDA Growth %	85.23%	20.26%	22.88%	36.95%	30.52%	25.18%	-4.57%	33.65%	15.07%	8.23%
D&A (Non-Cash Add-back)	14.36M	16.99M	20.64M	28.9M	31.2M	32.84M	35.9M	34.62M	26.99M	18.51M
EBIT	24.53M	30.45M	39.38M	50.36M	80.09M	102.05M	87.68M	130.55M	163.07M	187.2M
Net Interest Income+	564K	1.29M	2.67M	5.91M	8.34M	5.38M	2.29M	5.19M	16.91M	25.78M
Interest Income	570K	1.32M	2.67M	6.08M	8.44M	5.38M	2.29M	5.19M	16.91M	25.78M
Interest Expense	6K	26K	3K	172K	106K	9K	0	0	0	0
Other Income/Expense	-286K	322K	2.13M	5.11M	7.73M	5.38M	1.71M	3.15M	15.58M	22.63M
Pretax Income+	24.52M	30.43M	39.38M	55.47M	79.98M	102.04M	89.4M	133.7M	178.65M	209.82M
Pretax Margin %	14.93%	15.37%	17.06%	19.89%	24.87%	28.11%	21.74%	27.3%	32.22%	34.53%
Income Tax+	8.65M	11.21M	-1.06M	-1.84M	10.65M	10.46M	18.44M	25.71M	27.06M	36.14M
Effective Tax Rate %	64.7%	63.18%	102.7%	103.31%	86.69%	89.74%	79.38%	80.77%	84.86%	82.77%
Net Income+	15.87M	19.22M	40.44M	57.3M	69.34M	91.57M	70.96M	107.99M	151.59M	173.68M
Net Margin %	9.66%	9.71%	17.52%	20.55%	21.56%	25.23%	17.26%	22.05%	27.34%	28.59%
Net Income Growth %	-47.54%	21.17%	110.36%	41.7%	21%	32.07%	-22.51%	52.19%	40.38%	14.57%
Net Income (Continuing)	15.87M	19.22M	40.44M	57.3M	69.34M	91.57M	70.96M	107.99M	151.59M	173.68M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.42	0.50	1.01	1.37	1.68	2.24	1.77	2.74	4.03	4.65
EPS Growth %	-48.15%	19.05%	102%	35.64%	22.63%	33.33%	-20.98%	54.8%	47.08%	15.38%
EPS (Basic)	0.47	0.55	1.08	1.37	1.77	2.34	1.82	2.81	4.11	4.72
Diluted Shares Outstanding	38.18M	38.37M	40.07M	41.9M	41.34M	40.82M	40.12M	39.34M	37.6M	37.35M
Basic Shares Outstanding	34.05M	35.25M	37.44M	41.83M	39.08M	39.17M	39.03M	38.45M	36.88M	36.8M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	229.24M	300.69M	369.35M	378.96M	395.62M	475.35M	546.4M	473.34M	600M	585.69M
Cash & Short-Term Investments	178.97M	243.86M	288.41M	289.17M	298.89M	356.02M	405.29M	321.33M	425.56M	381.42M
Cash Only	91.7M	86.74M	86.59M	41.03M	87.56M	74.13M	137.33M	173.72M	203.66M	232.18M
Short-Term Investments	87.27M	157.12M	201.82M	248.14M	211.33M	281.89M	267.96M	147.61M	221.89M	149.24M
Accounts Receivable	42.33M	47.02M	64.41M	75.83M	78.03M	100.18M	109M	121.8M	146.23M	164.55M
Days Sales Outstanding	94.04	86.72	101.85	99.24	88.56	100.74	96.76	90.78	96.26	98.85
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	0	9.81M	16.52M	13.97M	0	0	0	30.22M	28.21M	39.72M
Total Non-Current Assets+	94.28M	106.32M	168.18M	206.72M	279.99M	261.47M	268.16M	227.6M	212.62M	387.85M
Property, Plant & Equipment	31.33M	39.4M	58.56M	61.44M	101.13M	109.69M	98.87M	81.18M	54.99M	71.32M
Fixed Asset Turnover	5.24x	5.02x	3.94x	4.54x	3.18x	3.31x	4.16x	6.03x	10.08x	8.52x
Goodwill	317K	317K	1.55M	7.22M	7.45M	7.45M	7.45M	7.45M	7.45M	7.45M
Intangible Assets	1.36M	987K	12.4M	21.98M	16.8M	12.01M	6.54M	12.8M	9.71M	6.81M
Long-Term Investments	43.28M	45.73M	67.22M	79.21M	119.51M	98.46M	111.2M	59.21M	56.64M	193.89M
Other Non-Current Assets	1.92M	3.3M	3.38M	10.47M	16.28M	18.06M	19.01M	21.56M	21.06M	27.08M
Total Assets+	323.51M	407M	537.52M	585.68M	675.61M	736.82M	814.56M	700.94M	812.62M	973.54M
Asset Turnover	0.51x	0.49x	0.43x	0.48x	0.48x	0.49x	0.50x	0.70x	0.68x	0.62x
Asset Growth %	24.42%	25.81%	32.07%	8.96%	15.35%	9.06%	10.55%	-13.95%	15.93%	19.8%
Total Current Liabilities+	112.18M	130.33M	165.77M	196.91M	223.47M	255.73M	304.28M	352.19M	389.21M	428.39M
Accounts Payable	2.37M	2.05M	1.14M	5.59M	848K	731K	1.3M	2.81M	988K	1.27M
Days Payables Outstanding	25.51	17.63	8.1	30.82	4.45	3.37	5.29	9.97	3.36	4.16
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Deferred Revenue (Current)	98.03M	114.96M	143.19M	164.62M	192.17M	213.49M	257.87M	293.73M	333.27M	371.46M
Other Current Liabilities	0	0	0	0	0	0	0	0	0	0
Current Ratio	2.04x	2.31x	2.23x	1.92x	1.77x	1.86x	1.80x	1.34x	1.54x	1.37x
Quick Ratio	2.04x	2.31x	2.23x	1.92x	1.77x	1.86x	1.80x	1.34x	1.54x	1.37x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	15.77M	18.26M	28.21M	30.78M	65.34M	76.61M	73.56M	59.62M	55.24M	68.03M
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	44.02M	45.7M	35.91M	29.12M	16.89M	37.5M
Deferred Tax Liabilities	0	0	3.38M	8.95M	0	0	0	0	0	0
Other Non-Current Liabilities	1.21M	2.73M	11.07M	10.36M	388K	367K	4.9M	7.01M	6.68M	6.27M
Total Liabilities	127.95M	148.59M	193.98M	227.69M	288.81M	332.34M	377.85M	411.81M	444.44M	496.42M
Total Debt+	0	0	0	1.56M	51.68M	57.37M	48.52M	42.18M	28.74M	47.22M
Net Debt	-91.7M	-86.74M	-86.59M	-39.46M	-35.88M	-16.76M	-88.81M	-131.54M	-174.92M	-184.96M
Debt / Equity	-	-	-	0.00x	0.13x	0.14x	0.11x	0.15x	0.08x	0.10x
Debt / EBITDA	-	-	-	0.02x	0.50x	0.44x	0.39x	0.26x	0.15x	0.23x
Net Debt / EBITDA	-2.34x	-1.84x	-1.50x	-0.50x	-0.35x	-0.13x	-0.72x	-0.80x	-0.92x	-0.90x
Interest Coverage	4134.33x	1157.96x	12414.33x	292.80x	681.63x	10739.33x	-	-	-	-
Total Equity+	195.57M	258.41M	343.54M	357.99M	386.8M	404.48M	436.71M	289.13M	368.17M	477.12M
Equity Growth %	28.81%	32.14%	32.94%	4.2%	8.05%	4.57%	7.97%	-33.79%	27.34%	29.59%
Book Value per Share	5.12	6.73	8.57	8.54	9.36	9.91	10.89	7.35	9.79	12.77
Total Shareholders' Equity	195.57M	258.41M	343.54M	357.99M	386.8M	404.48M	436.71M	289.13M	368.17M	477.12M
Common Stock	34K	36K	39K	39K	39K	39K	39K	37K	37K	37K
Retained Earnings	-27.48M	-8.26M	39.92M	27.96M	23.19M	3.57M	-41.66M	-221.45M	-228.08M	-189.22M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-211K	-156K	-574K	-586K	1.16M	-484K	1.01M	-1.95M	-1.7M	1.42M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	65.96M	68.11M	107.65M	127.8M	160.61M	180.09M	200.62M	198.85M	244.6M	244.09M
Operating CF Margin %	40.15%	34.41%	46.63%	45.83%	49.94%	49.62%	48.79%	40.61%	44.12%	40.18%
Operating CF Growth %	59.44%	3.26%	58.05%	18.72%	25.67%	12.13%	11.4%	-0.88%	23.01%	-0.21%
Net Income	15.87M	19.22M	40.44M	57.3M	69.34M	91.57M	70.96M	107.99M	151.59M	173.68M
Depreciation & Amortization	14.36M	16.99M	20.64M	28.91M	31.2M	32.84M	35.9M	34.62M	26.99M	18.51M
Stock-Based Compensation	17.49M	20.15M	26.96M	30.09M	34.89M	40.03M	67.58M	53.41M	69.08M	77.13M
Deferred Taxes	6.56M	-440K	-10.41M	-4.14M	7.09M	3.51M	-9.72M	-20.25M	-16.64M	-19.46M
Other Non-Cash Items	1.22M	-7.45M	9.84M	-1.02M	-1.15M	1.42M	4.91M	1.43M	-4.63M	-5.97M
Working Capital Changes	10.46M	19.63M	20.18M	16.67M	19.23M	10.7M	30.99M	21.65M	18.21M	204K
Change in Receivables	-10.18M	-4.9M	-17.97M	-11.5M	-2.46M	-22.63M	-9.22M	-13.39M	-24.98M	-19.09M
Change in Inventory	2.33M	7.59M	1.43M	-3.54M	0	2.8M	-6.34M	0	0	0
Change in Payables	-3.29M	-1.22M	-454K	656K	-1.08M	-389K	-32K	2.11M	-1.58M	219K
Cash from Investing+	-61.35M	-96.49M	-118.19M	-95.88M	-35.03M	-80.93M	-29.53M	145.07M	-73.17M	-71.43M
Capital Expenditures	-20.15M	-23.25M	-37.82M	-25.11M	-27.57M	-30.04M	-25.65M	-23.98M	-8.79M	-12.33M
CapEx % of Revenue	12.27%	11.74%	16.38%	9%	8.57%	8.28%	6.24%	4.9%	1.58%	2.03%
Acquisitions	99K	0	-12.48M	-13.63M	-4.05M	-1.5M	-1.22M	-145.07M	0	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-99K	-73.25M	-67.89M	-57.14M	-625K	419K	1.85M	145.07M	0	0
Cash from Financing+	10.58M	23.42M	10.4M	-77.48M	-79.05M	-112.58M	-107.89M	-306.03M	-141.49M	-145.65M
Debt Issued (Net)	0	0	0	-1.62M	-1.71M	-114K	-90K	0	0	0
Equity Issued (Net)	0	0	0	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	0	-438K	-20.92M	-85.04M	-86.42M	-126.73M	-129.98M	-317.34M	-170.8M	-139.88M
Other Financing	10.58M	23.42M	10.4M	9.17M	9.09M	14.26M	22.18M	-17.61M	29.31M	-5.78M
Net Change in Cash	15.19M	-4.96M	-146K	-45.56M	46.53M	-13.43M	63.2M	37.89M	29.95M	27.02M
Free Cash Flow+	45.81M	44.87M	69.83M	102.69M	128.98M	150.05M	174.96M	174.87M	235.82M	231.76M
FCF Margin %	27.88%	22.67%	30.25%	36.82%	40.11%	41.34%	42.55%	35.71%	42.53%	38.15%
FCF Growth %	67.44%	-2.06%	55.64%	47.06%	25.61%	16.33%	16.6%	-0.05%	34.85%	-1.72%
FCF per Share	1.20	1.17	1.74	2.45	3.12	3.68	4.36	4.44	6.27	6.20
FCF Conversion (FCF/Net Income)	4.16x	3.54x	2.66x	2.23x	2.32x	1.97x	2.83x	1.84x	1.61x	1.41x
Interest Paid	6K	27K	3K	168K	107K	9K	0	0	0	0
Taxes Paid	995K	856K	1.58M	2.69M	3.03M	8.06M	35.08M	39.74M	34.92M	60.55M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	9.13%	8.47%	13.44%	16.34%	18.62%	23.15%	16.87%	29.76%	46.13%	41.09%
Return on Invested Capital (ROIC)	20.77%	16.39%	13.03%	13.13%	16.19%	19.63%	17.88%	38.74%	69.72%	57.85%
Gross Margin	79.37%	78.54%	77.65%	76.27%	78.38%	78.17%	78.25%	79.01%	80.61%	81.65%
Net Margin	9.66%	9.71%	17.52%	20.55%	21.56%	25.23%	17.26%	22.05%	27.34%	28.59%
Debt / Equity	-	-	-	0.00x	0.13x	0.14x	0.11x	0.15x	0.08x	0.10x
Interest Coverage	4134.33x	1157.96x	12414.33x	292.80x	681.63x	10739.33x	-	-	-	-
FCF Conversion	4.16x	3.54x	2.66x	2.23x	2.32x	1.97x	2.83x	1.84x	1.61x	1.41x
Revenue Growth	22.99%	20.48%	16.62%	20.82%	15.32%	12.86%	13.28%	19.1%	13.22%	9.58%

Qualys, Inc. (QLYS) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

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Profit & Loss

Balance Sheet

Cash Flow

Key Ratios

Deep Dive Analysis

Valuation Overview

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Dividend History

Earnings History

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Qualys, Inc. (QLYS) 10-Year Financial Performance & Capital Metrics

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Price & Volume

Growth Metrics

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Profit (Net Income) CAGR

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ROCE

Peer Comparison

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Profit & Loss

Balance Sheet

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Key Ratios

Deep Dive Analysis

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Dividend History

Earnings History

Price History

Revenue History

Financial Ratios