QUALYS, INC.

QUALYS, INC.

QLYSInfrastructure

Qualys is a pioneer in cloud-based IT security and compliance.

Key figures

Data as of Jun 2026 · Pills compare vs Mar 2026
ARR Multiple
9.4x
+2.9x
ARR
$729M
+3.7%
YoY Growth
11.0%
+1.2pp
Market Cap
$6.9B
+44.1%
Revenue (Q)
$182M
+3.7%
Gross Margin
83.4%
+0.5pp
Op. Margin
34.0%
-0.7pp
Rule of 40
45.0
+1.1
Magic Number
0.67
+0.63

Revenue, margins & ratios from SEC filings; market cap & ARR multiple from market data. Market cap & ARR multiple use the close of 13 Oct 2026; their pills compare vs the Jun 2026 quarter-end (6.5x).

Valuation by quarter

Current ARR Multiple: 6.5x· Forward at Q3 FY2026 guidance: 6.4x

Calculated valuation

FRAMEWORK EST.
Valuation data is not available for this company.

Strategy recommendations

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AI Replacement RiskLOW
9/ 100
LowModerateElevatedHigh

Estimated likelihood that general-purpose AI replaces this product.

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Why this rating

From the AI Risk Calculator model

Structural moats (regulation, integration depth, or proprietary data) make AI-only replacement unlikely in the near term.

What's driving the score
SecurityCategory baseline
low base
Workflow complexity5/5
-12 risk
Data moat3/5
-1 risk
Integration depthHigh
-10 risk
SegmentEnterprise
-8 risk
IndustryOther
neutral
Own AI integration2/5
+1.6 risk

Company overview

Qualys is a pioneer in cloud-based IT security and compliance. It provides a unified platform for vulnerability management, policy compliance, web application security, and asset inventory across global IT environments. Philippe Courtot founded it in 1999 in Foster City, California. Qualys was delivering security as a service from the cloud long before SaaS became mainstream.

The Qualys Cloud Platform integrates more than 20 security and compliance apps through a single interface. The flagship is VMDR, Vulnerability Management Detection and Response, which combines asset discovery, vulnerability assessment, threat prioritization, and patch orchestration into a continuous workflow. Policy Compliance automates regulatory assessments against benchmarks like CIS and DISA STIG. Web Application Scanning finds OWASP Top 10 vulnerabilities in web apps and APIs.

The distributed sensor architecture is a strength. Physical scanners, virtual scanners, lightweight cloud agents, passive network analyzers, and container sensors provide coverage across on-premises, cloud, container, and IoT environments. Millions of endpoints run Qualys agents worldwide, feeding real-time telemetry into a large security data lake.

Over 10,000 customers in more than 130 countries use the platform, including a majority of the Forbes Global 100. Qualys is one of the most profitable pure-play cybersecurity SaaS companies around. Gross margins top 80%. Operating margins exceed 34%. Annual revenue is roughly $700 million. The company is debt-free and employs about 2,000 people. The capital-efficient, founder-led approach has been a hallmark throughout its history.

Entity information

Industry7372: Services-Prepackaged Software
Fiscal YearDec 31
IncorporatedDelaware
Phone(650) 801-6100
Address919 E. HILLSDALE BLVD., FOSTER CITY, CA, 94404
Mailing address919 E. HILLSDALE BLVD., FOSTER CITY, CA, 94404
EIN77-0534145
Entity typeoperating
SEC industry framework06 Technology
Former namesQUALYS INC (to 2005-07-20)

SaaS KPIs

Reported in at least 3 quarters

Calculated Current Billings

22 quarters
$176.4M
Q2 FY2026+4.8%

Adjusted EBITDA

20 quarters
$83.8M
Q2 FY2026+0.6%

Non-GAAP Gross Margin

16 quarters
85%
Q2 FY2026+0.0pp

Subscription Customers

13 quarters
~10.0K
Q1 FY2026+0.0%

Non-GAAP Operating Income

12 quarters
$81.4M
Q2 FY2026+0.6%

Calculated Current Billings Growth

11 quarters
16%
Q2 FY2026+8.0pp

Management outlook

Given with Q2 FY2026 results (Jun 2026)
ReportedGuidance

Guided revenue, Q3 FY2026$185.5M – $187.5M
Midpoint$186.5M
Growth vs Q2 FY2026+2.4%
Growth vs Q3 FY2025+9.8%
Q3 2026
GAAP net income per diluted share$1.43 - $1.50
Non-GAAP net income per diluted share$1.91 - $1.98
Full Year 2026
Revenue$732.0 million - $738.0 million
GAAP net income per diluted share$5.76 - $5.90
Non-GAAP net income per diluted share$7.74 - $7.88
2026
Share repurchasesWe expect to continue to use cash to repurchase shares in 2026 under our share repurchase program

Quarterly financials

Left axis in $ (Revenue, Gross profit, Net income, S&M); right axis for ratios (Rule of 40, Magic number). Click a legend item to toggle it.

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