Qualys, Inc. (QLYS) shares gained 4% during Monday’s extended trading session after the company reported better-than-expected results for first-quarter 2025. It reported first-quarter non-GAAP earnings of $1.67 per share, which surpassed the Zacks Consensus Estimate of $1.46 and came above management’s guidance of $1.40-$1.50.The bottom line also witnessed a significant improvement from the year-ago quarter’s earnings of $1.45. The robust year-over-year growth was primarily driven by higher revenues, improv ...

Table of Contents (Exact name of registrant as specified in its charter) __________________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Delaware 77-0534145 (State or other jurisdiction of incorporation or organization) Washington, D.C. 20549 __________________ FORM 10-Q __________________ x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended March 31, 2025 o Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Ac ...

Qualys (QLYS) Q1 2025 Earnings Call May 06, 2025 05:00 PM ET Speaker0 Ladies and gentlemen, thank you for standing by, and welcome to Qualys First Quarter twenty twenty five Investors Call. At this time, all participants are in a listen only mode. After the speaker presentation there will be a question and answer session. And to ask a question during this session you would need to press 11 on your telephone. You will then hear an automated message advising your hand is raised. If your question has been answ ...

Qualys (QLYS) Q1 2025 Earnings Call May 06, 2025 05:00 PM ET Company Participants Blair King - Vice President of Investor Relations & Corporate DevelopmentSumedh Thakar - President and CEOJoo Mi Kim - CFOTrevor Walsh - Director - Equity ResearchJoshua Tilton - DirectorYun Kim - Managing DirectorOscar Saavedra - Equity Research Associate - Software Conference Call Participants Jonathan Ho - Research AnalystPatrick Colville - Lead Equity Research AnalystKingsley Crane - Director, Senior AnalystRudy Kessinger ...

Investor Presentation Security and Compliance for the Digital Transformation Sumedh Thakar, President and CEO Joo Mi Kim, CFO May 6, 2025 Safe harbor This presentation includes forward-looking statements within the meaning of the federal securities laws. Forward-looking statements generally relate to future events or our future financial or operating performance. Forward-looking statements in this presentation include, but are not limited to, the following list: Our expectations and beliefs regarding these ...

Exhibit 99.1 Qualys Announces First Quarter 2025 Financial Results Revenue Growth of 10% Year-Over-Year Raises 2025 Revenue Guidance to $648-$657 million FOSTER CITY, Calif., – May 6, 2025 – Qualys, Inc. (NASDAQ: QLYS), a leading provider of disruptive cloud-based IT, security and compliance solutions, today announced financial results for the first quarter ended March 31, 2025. For the quarter, the Company reported revenues of $159.9 million, net income under United States Generally Accepted Accounting Pri ...

Qualys TotalAI is purpose-built for the unique realities of AI risk, going beyond basic infrastructure assessments to directly test models for jailbreak vulnerabilities, bias, sensitive information exposure, and critical risks mapped to the OWASP Top 10 for LLMs. Taking a risk-led approach, TotalAI not only finds AI-specific exposures — it helps teams resolve them faster, protect operational resilience, and maintain brand trust. TotalAI delivers: With the current rush of AI adoption, organizations are movin ...

Core Viewpoint - Qualys, Inc. will report its financial results for Q1 2025 on May 6, 2025, after market close [1] Group 1: Financial Reporting - The financial results for the first quarter of 2025 will be announced after market hours on May 6, 2025 [1] - A conference call and live webcast will be held at 5:00 p.m. Eastern Time on the same day to discuss the results [2] Group 2: Company Overview - Qualys, Inc. is a leading provider of cloud-based security, compliance, and IT solutions with over 10,000 subscription customers globally, including many from the Forbes Global 100 and Fortune 100 [3] - The company offers a platform that automates security and compliance solutions, leading to improved agility and cost savings for organizations [3] Group 3: Product and Technology - The Qualys Enterprise TruRisk Platform utilizes a single agent for continuous security intelligence and automates vulnerability detection and compliance across various IT environments [4] - Qualys has established strategic partnerships with major cloud service providers like Amazon Web Services, Google Cloud Platform, and Microsoft Azure [4]

Industry Overview - The pace of technological change is accelerating, particularly in quantum computing, raising concerns about cybersecurity threats, specifically the potential for quantum-powered attacks to break current encryption methods in seconds, referred to as "Q-Day" [1] - Regulators and privacy watchdogs are urging organizations to adopt quantum-resistant encryption before 2035, indicating that quantum computing is an immediate concern rather than a distant risk [1] - The Post-Quantum Cryptography market is projected to grow at a 41.47% CAGR, reaching approximately US$17.69 billion by 2034, while the Quantum Computing Software market is expected to expand at a 40% CAGR, reaching about US$31.8 billion [2] Company Developments - Scope Technologies Corp. is actively engaging in the quantum security space, recently announcing a $1.5 million private placement financing, which includes a $1 million strategic investment from First Majestic Silver Corp. [3] - The funds will be utilized to repay a prior loan and accelerate the development of Scope's upcoming QSE mobile app, which will offer quantum-resistant messaging and file-sharing capabilities [4] - Scope has secured a master reseller agreement with Coegi Cloud AB in Sweden and a channel partnership with COGITO, expanding its reach across Europe, North America, and Asia [5] - The company launched an upgraded Quantum Preparedness Assessment (QPA) tool that uses AI-driven automation to help businesses assess their exposure to quantum threats, aligning with upcoming updates to the HIPAA Security Rule [6] Competitive Landscape - Qualys, Inc. has launched its Managed Risk Operations Center (mROC) Partner Alliance to help organizations turn risk data into actionable insights, addressing a significant challenge in cybersecurity [9][10] - CyberArk Software Ltd. highlighted the growing issue of machine identity security, reporting that 72% of organizations experienced certificate-related outages, emphasizing the need for comprehensive security strategies [11][12] - Cisco Systems, Inc. and NVIDIA Corporation have introduced the Cisco Secure AI Factory, an infrastructure solution designed to secure AI workloads, integrating security at every layer [13][14]

Financial Performance - Revenues for 2024 reached $607,571 thousand, a 9.6% increase from $554,458 thousand in 2023[317]. - Gross profit for 2024 was $496,089 thousand, up 10.9% from $446,973 thousand in 2023[317]. - Net income for 2024 increased to $173,680 thousand, representing a 14.6% growth compared to $151,595 thousand in 2023[320]. - Basic net income per share rose to $4.72 in 2024, up from $4.11 in 2023, reflecting a 14.8% increase[317]. - Total revenues for the year ended December 31, 2024, reached $607.6 million, up 9.6% from $554.5 million in 2023[403]. - The net income for the year ended December 31, 2024, was $173.7 million, up 14.6% from $151.6 million in 2023[458]. - Revenue from the United States for the year ended December 31, 2024, was $354.6 million, while foreign revenue was $253.0 million[459]. Assets and Liabilities - As of December 31, 2024, Qualys reported total assets of $973.5 million, an increase from $812.6 million in 2023, representing a growth of approximately 20%[313]. - The company had $575.3 million in cash, cash equivalents, and marketable securities as of December 31, 2024, with no material decrease in fair value expected from a hypothetical 100 basis point increase in interest rates[293]. - The company reported a net accumulated deficit of $189.2 million in 2024, reduced from $228.1 million in 2023, indicating an improvement in financial health[313]. - The Company had total long-lived assets of $71.3 million as of December 31, 2024, compared to $55.0 million in 2023[459]. - The total fair value of marketable securities due within one year was $185,571,000, while those due after one year through five years totaled $186,367,000 as of December 31, 2024[385]. Cash Flow and Investments - Cash flow from operating activities for 2024 was $244,094 thousand, slightly down from $244,605 thousand in 2023[323]. - The company repurchased common stock worth $139,875 thousand in 2024, compared to $170,800 thousand in 2023[323]. - The Company has total purchase commitments of $56.4 million as of December 31, 2024, with $25.1 million due in 2025[415]. - The company incurred advertising costs of $2.9 million in 2024, which is a decrease from the previous years[361]. Stock-Based Compensation - The total stock-based compensation expense for the year ended December 31, 2024 was $77.1 million, an increase of 11.8% from $69.1 million in 2023[439]. - The intrinsic value of options exercised in 2024 was $24.0 million, compared to $41.7 million in 2023, indicating a decrease of 42.0%[431]. - The aggregate fair value of RSUs vested in 2024 was $56.2 million, up from $55.7 million in 2023, reflecting a 0.9% increase[435]. - The company recognized stock-based compensation expenses related to PRSUs of $12.4 million in 2024, a significant increase from $7.4 million in 2023[440]. - The number of shares authorized for issuance under the 2021 Employee Stock Purchase Plan was 600 thousand, with 59 thousand shares issued in 2024[428][429]. Research and Development - The company anticipates continued investments in sales and marketing, infrastructure, and research and development to support growth and innovation[290]. - Research and development expenses for 2024 were $111,852 thousand, a slight increase from $110,472 thousand in 2023[317]. Deferred Revenues and Contracts - Deferred revenues increased to $395.7 million in 2024 from $364.9 million in 2023, indicating a growth of approximately 8.4%[313]. - The Company recognizes revenue from subscriptions ratably over the contract terms, which generally last one year, with some contracts extending up to five years[352]. - Deferred revenues as of the balance sheet date consist of customer contracts billed or cash received that will be recognized in the future, with the current portion expected to be recognized within one year[358]. Foreign Currency and Derivatives - Qualys has designated cash flow hedge forward contracts with notional amounts of €51.4 million, £20.3 million, and Rs.4,381.0 million to mitigate foreign currency risks[291]. - The company utilizes derivative financial instruments to reduce foreign currency exchange risks, primarily through foreign currency forward contracts with maturities of 13 months or less[350]. - The total foreign exchange losses, net for the year ended December 31, 2024, were $3,192,000, compared to losses of $697,000 in 2023[393]. Tax and Compliance - The effective tax rate for the Company was 17.2% for the year ended December 31, 2024, compared to 15.1% in 2023[449]. - The Company reported a deferred tax asset of $94.6 million as of December 31, 2024, compared to $72.4 million in 2023[450]. - The unrecognized tax benefits increased to $12.1 million as of December 31, 2024, from $11.9 million in 2023[452].