QLYS
QUALYS, INC.
Next earnings Aug 3, 2026 (after close) · consensus $1.82 EPS, $182M rev
Last earnings -0.4% on 2026-05-05
$123.27
▲ +6.09%$123.27▼ -9.18%
over 1Y
L $76.20EODHDH $153.80
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+6.1%
1W+13.6%
1M+25.4%
3M+44.0%
YTD-5.9%
1Y-9.2%
Buy
Conviction
Horizon
Long (>12mo)
12-mo target
$•••
Street · 30 analysts
Hold
High-margin cybersecurity compounder at a reasonable 21x P/E with accelerating cash flow and aggressive buybacks — quality at a fair price.
The read
Quality fundamentals and an attractive price line up (~36% below fair value) — the rarer case where both the business and the entry look good.
Qualys is a textbook quality compounder hiding in plain sight. The fundamentals are pristine: 82.8% gross margins, 33.2% operating margins, and a 35.3% ROE are SaaS-elite, and the five-year trajectory shows revenue growing from $411M (FY2021) to $669M (FY2025) — a ~13% CAGR — with net income nearly tripling from $71M to $198M over the same span. FY2025 operating income grew 18.6% on 10.1% revenue growth, meaning margins are still expanding even as the top line moderates. Operating cash flow of $309M (+26.8% YoY) against just $5M of capex is a near-perfect capital-light model, and management is returning that cash aggressively — $183M in buybacks (+31.1% YoY) shrank the share count 2.2%, juicing the 17% diluted EPS growth.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $411M | $490M | $554M | $608M | $669M |
| Gross profit | $322M | $387M | $447M | $496M | $554M |
| Operating income | $87.7M | $131M | $163M | $187M | $222M |
| Net income | $71.0M | $108M | $152M | $174M | $198M |
| Diluted EPS | $1.77 | $2.74 | $4.03 | $4.65 | $5.44 |
| Net margin | 17.3% | 22.1% | 27.3% | 28.6% | 29.6% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$4.15B
EV / EBITDA17.5
EV / Sales6.2
EV / FCF13.6
P / FCF14.4
PEG (trailing)1.60
Earnings yield4.5%
FCF yield6.9%
Quality & risk
ROIC (est.)31.2%
Free cash flow$304M
Total debt—
Net cash$250M
Altman Z-Score6.22 safe
Piotroski F-Score7/8
Capital returns
Buyback yield4.2%
Dividend yield (est.)—
Shareholder yield4.2%
Shares Δ YoY-2.2%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has been improving.
- 8-K Officer / director change2026-06-11
Annual meeting vote results disclosed alongside an officer/director change
- 8-K Earnings results2026-05-05
Q1 2026 10-Q: subscription model continues compounding revenue and FCF
- 10-Q Quarterly report2026-05-05
Q1 2026 10-Q: subscription model continues compounding revenue and FCF
- DEF 14A Proxy statement2026-04-22
2026 proxy: director slate, exec pay, and auditor ratification up for vote
- 10-K Annual report2026-02-20
FY25 10-K: rev $669M +10%, NI $198M +14%, OCF $309M +27%, $183M buybacks
- 8-K Earnings results2026-02-05
FY25 results: revenue $669M +10%, net income $198M +14%, EPS $5.44
- 8-K Earnings results2025-11-04
Q3 2025 10-Q: margins and FCF strong, supporting accelerated buyback pace
- 10-Q Quarterly report2025-11-04
Q3 2025 10-Q: margins and FCF strong, supporting accelerated buyback pace
- 8-K Earnings results2025-08-05
Q2 2025 10-Q: subscription growth and operating leverage continue
Recent filings
all on EDGAR ↗144Filing2026-06-26open ↗4Period ending 2026-06-222026-06-23open ↗4Period ending 2026-06-222026-06-23open ↗4Period ending 2026-06-152026-06-16open ↗4Period ending 2026-06-122026-06-15open ↗4Period ending 2026-06-112026-06-15open ↗144Filing2026-06-12open ↗4Period ending 2026-06-102026-06-11open ↗4Period ending 2026-06-102026-06-11open ↗4Period ending 2026-06-102026-06-11open ↗4Period ending 2026-06-102026-06-11open ↗4Period ending 2026-06-102026-06-11open ↗
Frequently asked
- Is QUALYS, INC. (QLYS) a buy?
- QLYS currently carries a Buy rating with 4/5 conviction, derived from its latest SEC filings. High-margin cybersecurity compounder at a reasonable 21x P/E with accelerating cash flow and aggressive buybacks — quality at a fair price.
- What is QLYS's fair value?
- A Modified-Graham model based on QLYS's SEC fundamentals estimates a fair value of about $168.00. It is an estimate from reported earnings, not a price target.
- Is QLYS overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, QLYS currently appears undervalued relative to its SEC-grounded earnings power.
- What is QUALYS, INC.'s quality score?
- QLYS scores 78.88235294117646/100 (grade B+) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001107843, latest 10-Q filed 2026-05-05) · EODHD · analysis by claude-code · as of 6/25/2026, 1:08:13 PM.
Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.