Short answer
QUALYS, INC. (QLYS) filed its Q1 2026 10-Q quarterly report on May 5, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $176M (up 9.8% year over year) with net income of $51M.
Q1 2026 key financials · XBRL
- Revenue
- $176M
- +9.8% YoY
- Net income
- $51M
- +6.5% YoY
- Operating margin
- 34.7%
- Gross margin
- 82.9%
- EPS (diluted)
- $1.42
- +10.1% YoY
Source: XBRL data from the QUALYS, INC. (QLYS) Q1 2026 10-Q on SEC EDGAR. USD.
QUALYS, INC. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $175.638M, up 10% YoY from $159.899M
- Gross margin 83% vs 82%; operating margin 35% vs 32%; net margin 29% vs 30%
- Best-performing channel: partner revenue, 52% of total; 86% of revenue growth
- Cash, equivalents and marketable securities $729.3M; operating cash flow $95.294M vs $109.588M
- Share repurchases $53.5M; macroeconomic uncertainty, reduced spending and extended sales cycles as headwinds
Risk Factors
- New competitive trigger: Wiz acquisition by Google in March 2026 intensifying competition in security markets
- Cybersecurity compliance risk: Security incidents could trigger regulatory investigations, litigation, and loss of FedRAMP authorization
- Operational risk: Solutions delivered across 15 shared cloud platforms vulnerable to outages, attacks, and facility failures
- Market risk: Sales cycles typically six to twelve months and may exceed eighteen months, delaying revenue
- Financial risk: Fixed operating expenses limit near-term margin protection during revenue shortfalls
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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