Tue, May 6, 9:16 PM (6 days ago)
**Qualys, Inc. (QLYS) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $159.9M, up 10% YoY, driven by existing customer demand (96%) and new customers (4%). - **Gross Profit Margin:** 82%, stable YoY. - **Operating Expenses:** $79.2M, up 7% YoY, with R&D and sales & marketing expenses increasing by 6% and 11% respectively. - **Net Income:** $47.5M, up 19% YoY, with an effective tax rate of 18.5%. - **EPS:** $1.30 basic, $1.29 diluted. - **Cash Flow from Operations:** $109.6M, up 28% YoY. **Key Metrics:** - **Net Dollar Expansion Rate:** 103%, indicating strong customer retention and upselling. - **Adjusted EBITDA:** $74.8M, up 8% YoY, representing 47% of revenues. **Trends & Uncertainties:** - **Revenue Growth:** Expected to continue from new and existing customers. - **Operating Expenses:** Anticipated to increase due to investments in sales, marketing, R&D, and infrastructure. - **Cash Flow:** Positive trend expected to continue, supporting operations and growth. - **Uncertainties:** Macroeconomic factors, competition, and customer spending patterns may impact future performance. **Future Operations Impact:** - **Investments:** Continued focus on R&D, sales, marketing, and infrastructure. - **Share Repurchases:** $303.8M remaining under the share repurchase program. - **Lease Obligations:** $57.1M in fixed operating lease payments, with $14.0M due within the next 12 months. **Ticker:** QLYS **Note:** Amounts in thousands, except per share data.