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Qualys, Inc.
NASDAQ: QLYS Technology IT 🔎 Screen
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$5.8B
Market Cap
24.4
P/E
2.13
PEG
114.9%
ROCE
38.2%
ROE
0.09
D/E
33.2%
OPM
-17.5%
% from 52W High
88
α RS
🔍 QLYS is showing a high-conviction setup because it matches 20 of 39 tracked screener presets, Sector RRG has Technology in the Leading quadrant with the trail still strengthening, and RS Rating is 88. Net: Broad signal stack, not a recommendation. ? Conviction RRG RS Rating
Sources
Conviction 20/39 · Technology in Leading quadrant · RS Rating 88
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🌏 Global Investor Returns
Currency-adjusted total returns for QLYS including FX impact
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📈 Price History
Ratio Health
Excellent
Good
Average
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By Category
📊 Sector Averages
About

Qualys, Inc. provides cloud-based platform delivering information technology (IT), security, and compliance solutions in the United States and internationally. The company provides Qualys Cloud Apps, which include cybersecurity asset management; enterprise TruRisk management; vulnerability management, detection, and response; total application security; patch management; custom assessment and remediation; multi-vector endpoint detection and response; policy audit; and file integrity monitoring. It offers TotalCloud, a cloud-native application protection platform, which include cloud workload protection, cloud detection and response, cloud security posture management, infrastructure as code, SaaS security posture management, cloud infrastructure and entitlement management, and Kubernetes and container security. In addition, the company markets and sells IT, security, and compliance solutions; offers Qualys' Enterprise TruRisk platform that enables customers to identify and manage IT and operational technology assets; collect and analyze IT security data; discover and prioritize vulnerabilities; quantify cyber risk exposure; recommend and implement remediation actions; and verify the implementation of such actions. Further, it offers asset tagging and management; reporting and dashboards; questionnaires and collaboration; remediation and workflow; big data correlation and analytics engine; and alerts and notifications. The company offers its solutions to 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 through its sales teams, as well as through security consulting organizations, managed service providers, resellers, cloud providers, and consulting firms. Qualys, Inc. was incorporated in 1999 and is headquartered in Foster City, California.

Key Ratios Snapshot
📈 Growth Pattern
📊 Quick Scorecard
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⭐ Superinvestors Holding QLYS
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Manager Shares Value % of Fund Period
Jim Simons Renaissance Technologies LLC 497.6K $43.7M 0.07% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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3-Statement Financial Model
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📊 MIXED Qualys Q1 2026 revenue $175.6M, up 10% YoY; EBITDA margin 47%.
Revenue & Profitability
Q1 2026 revenue was $175.6 million, up 10% year-over-year. Non-GAAP Adjusted EBITDA was $83.3 million (47% margin). Non-GAAP EPS was $1.95. Free cash flow was $93.6 million (53% margin). Full-year 2026 revenue guidance is $721-$727 million (8-9% growth). Net dollar expansion rate was 104% overall and 107% for the ETM/CSAM cohort.
Outlook
Management believes its pre-breach risk management approach provides insulation amid macro volatility. The guidance assumes no material change in net dollar expansion rate, with moderate growth contribution from new business in 2026. The company is closely monitoring geopolitical conditions and potential AI-driven disruptions that could lengthen sales cycles.
Growth Drivers
Key growth levers include ETM/CSAM (11% of total bookings, 14% of new bookings LTM), Patch Management (8% of total bookings, 15% of new bookings), and TotalCloud (5% of LTM bookings). Channel partner revenue grew 17% year-over-year, outpacing direct growth of 3%. International revenue grew 15% versus 6% in the U.S.
Balance Sheet & CapEx
For full-year 2026, capital expenditures are expected in the range of $8 million to $12 million. Q2 2026 CapEx is guided at $1.2-$3.2 million. No specific capacity or infrastructure expansion plans were discussed.
Margins
Adjusted EBITDA margin was 47% in Q1 2026. Full-year 2026 EBITDA margin is guided to the mid-40s, with free cash flow margin in the low 40s. Operating expenses grew 8% year-over-year in Q1, with sales and marketing expenses up 17%. The company plans to increase investments in sales and marketing more than in R&D or G&A.
Key Risks
Management flagged ongoing macro volatility and geopolitical conditions as potential headwinds. The guidance assumes no material change in net dollar expansion rate, acknowledging that AI-driven announcements from OpenAI or Anthropic could lengthen sales cycles. The company is monitoring customer budget dynamics closely.
Generated by AI · Q1 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-08-04
Q2 2026 saw 11% revenue growth to $182.2M, driven by AI-native risk management innovation and strong channel performance. Full-year guidance was raised, with continued momentum in ETM/CSAM and patch management, and robust free cash flow and margins.
Q1 2026 Q1 2026 2026-05-05
Q1 2026 saw 10% revenue growth, strong profitability, and increased channel contribution. AI-driven risk management and autonomous remediation solutions gained traction, with new product launches and strategic partnerships fueling momentum. FY2026 guidance was raised, reflecting confidence in continued growth.
Q4 2025 Q4 2025 2026-02-05
Delivered 10% revenue growth and 47% EBITDA margin in 2025, driven by innovation in agentic AI-powered risk management and strong partner ecosystem performance. 2026 guidance projects 7%-8% revenue growth, mid-40s EBITDA margin, and continued expansion of differentiated offerings.
Q3 2025 Q3 2025 2025-11-04
Q3 2025 saw 10% revenue growth, strong profitability, and expanding adoption of AI-powered risk management solutions. Guidance for 2025 was raised, with ETM and partner-led sales driving future growth. Free cash flow and margins improved, and customer engagement remains high.
Q2 2025 Q2 2025 2025-08-05
Q2 2025 saw 10% revenue growth, improved profitability, and strong channel momentum, with new AI-driven solutions and flexible pricing models driving adoption. Guidance for 2025 was raised, reflecting confidence despite macroeconomic challenges, and FedRAMP High authorization opens new federal and commercial opportunities.
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📊 Analysis Methodology

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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
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Information Sources:
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