Qualys Q1 Revenue Grows 10%, Raises Full-Year Guidance to $721–727M
Qualys reported Q1 revenues of $175.6 million, up 10% year-over-year, and raised 2026 revenue guidance to $721.0–727.0 million. GAAP net income rose to $50.6 million ($1.42/share) while non-GAAP net profit was $69.6 million ($1.95/share), with Adjusted EBITDA improving 11% to $83.3 million.
1. Q1 Financial Results
Qualys delivered Q1 revenue of $175.6 million, up 10% year-over-year, with GAAP net income of $50.6 million ($1.42/share) and non-GAAP net income of $69.6 million ($1.95/share). Adjusted EBITDA reached $83.3 million, an 11% increase, while GAAP gross margin improved to 83%.
2. Guidance and Outlook
The company raised full-year 2026 revenue guidance to $721.0–727.0 million and issued Q2 revenue outlook of $177.5–179.5 million, projecting growth of 8%–9% over Q2 2025, citing strong AI-driven solution adoption across its customer base.
3. Innovation and Partnerships
Qualys launched Agent Val for automated risk validation within its Enterprise TruRisk Management suite and expanded its AI-native Risk Operations Center, with early engagement for QFlex. TotalCloud earned awards and was named a leader in CNAPP and CIEM market evaluations.
4. Cash Flow and Efficiency
Operating cash flow declined 13% to $95.3 million due to elevated investments in product development and go-to-market activities, though cash flow as a percentage of revenue remained robust at 54%.