NASDAQ$QLYS

Qualys Inc. · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Qualys reported strong financial results for the fourth quarter of 2024, with significant increases in revenue, net income, and operating income, driven by the success of its cloud-based IT, security, and compliance solutions.

Qualys, Inc. announced robust financial results for the fourth quarter and full year ended December 31, 2024. The company reported revenues of $159.2 million, a 10% increase year-over-year, with GAAP net income of $44.0 million and non-GAAP net income of $59.4 million. Adjusted EBITDA increased by 13% to $74.2 million, and operating cash flow surged by 41% to $47.7 million.

  • Revenues for Q4 2024 increased by 10% year-over-year to $159.2 million.
  • GAAP net income for Q4 2024 increased by 8% to $44.0 million, or $1.19 per diluted share.
  • Non-GAAP net income for Q4 2024 was $59.4 million, or $1.60 per diluted share.
  • Operating cash flow for Q4 2024 increased by 41% to $47.7 million.

Headline financials

Total Revenue

$159M

Previous: $145M+10.1%
EPS (adj)

$1.60

Previous: $1.40+14.3%
Capital Expenditures

-$5.84M

Previous: -$1.52M-283.3%
Free Cash Flow

$41.9M

No prior period
Net Income

$44M

Previous: $40.6M+8.3%
Operating Income

$49.4M

Previous: $41.5M+19.1%
Gross Profit

$130M

Previous: $117M+10.9%
R&D Expense

$28.3M

No prior period

Revenue & EPS history

Qualys · Revenue · Quarterly

$159M

Q4 2024+10.1%vs Q4 2023
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

Qualys provided financial guidance for the first quarter and full year fiscal 2025, anticipating continued revenue growth and profitability.

Tailwinds

  • First quarter 2025 revenue is expected to be in the range of $155.5 million to $158.5 million, representing 7% to 9% growth over the same quarter in 2024.
  • Full year 2025 revenue is expected to be in the range of $645.0 million to $657.0 million, representing 6% to 8% growth over 2024.
  • First quarter 2025 non-GAAP net income per diluted share is expected to be in the range of $1.40 to $1.50.
  • Full year 2025 non-GAAP net income per diluted share is expected to be in the range of $5.50 to $5.90.
  • The company expects to maintain a non-GAAP effective income tax rate of 21% for both Q1 and FY 2025.

Headwinds

  • GAAP net income per diluted share for Q1 2025 is expected to be lower than non-GAAP, in the range of $0.95 to $1.05.
  • GAAP net income per diluted share for FY 2025 is expected to be lower than non-GAAP, in the range of $3.62 to $4.02.
  • The company does not reconcile non-GAAP net income per diluted share guidance to GAAP due to the unpredictable nature of reconciling items.
  • The actual dollar amount of reconciling items is likely to have a significant impact on GAAP net income per diluted share.
  • The non-GAAP effective income tax rate could be subject to change due to tax legislation, geographic mix of revenues/expenses, or other significant events.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

+0.5%

Avg return

Earnings day

+0.6%

Avg return

5 days after

+2.3%

Avg return

30 days after

56%

33 / 59 earnings

Positive

+27.8%

Q3 2024

Best reaction

-29.0%

Q1 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-3.7%-0.7%+19.3%
Q4 2025-13.3%-13.7%-22.8%
Q3 2025+20.7%+25.4%+20.5%
Q1 2025+0.7%+7.6%+11.9%
Q4 2024-3.7%-1.9%-9.5%
Q3 2024+27.8%+23.6%+25.8%
Q2 2024-5.8%-5.3%-7.0%
Q1 2024-12.0%-11.7%-20.6%
Q4 2023-4.0%-2.9%-4.6%
Q3 2023+11.9%+13.3%+23.7%
Q2 2023+6.2%+6.2%+15.3%
Q1 2023+8.3%+6.2%+20.8%
Q4 2022-1.2%-3.2%-4.2%
Q3 2022-19.6%-20.9%-12.8%
Q2 2022+11.7%+17.0%+17.8%
Q1 2022-3.0%-15.8%-1.9%
Q4 2021-15.4%-10.1%-6.5%
Q3 2021+9.7%+11.7%+2.1%
Q2 2021+7.5%+8.0%+14.8%
Q1 2021+3.5%+6.2%+5.4%
Q4 2020-19.0%-20.2%-22.5%
Q3 2020+3.8%+1.0%+1.3%
Q2 2020-13.0%-14.5%-14.0%
Q1 2020-1.0%-0.6%+3.0%
Q4 2019+0.5%+3.2%-20.4%
Q3 2019+3.3%+2.6%+5.9%
Q2 2019-5.4%-9.2%-10.7%
Q1 2019+1.7%-0.6%-1.8%
Q4 2018-13.1%-14.8%-10.5%
Q3 2018-2.6%+2.4%+5.6%
Q2 2018-3.7%-3.6%+0.8%
Q1 2018-2.5%-3.4%+0.0%
Q4 2017+12.4%+20.6%+28.7%
Q3 2017+6.9%+10.0%+12.9%
Q2 2017+10.7%+11.8%+15.2%
Q1 2017+5.4%+5.4%+10.2%
Q4 2016-4.8%-4.5%-5.0%
Q3 2016-4.9%-1.9%-11.5%
Q2 2016+3.4%+1.4%+14.8%
Q1 2016+2.1%
Q4 2015-27.6%
Q3 2015+0.7%
Q2 2015+5.0%
Q1 2015-29.0%
Q4 2014+16.3%
Q3 2014+8.5%
Q2 2014+23.7%
Q1 2014+8.5%
Q4 2013+1.8%
Q3 2013+2.6%
Q2 2013+13.3%
Q1 2013+1.4%
Q1 2011-1.9%
Q2 2011-1.9%
Q4 2010-1.9%
Q4 2012-4.1%
Q3 2011+1.7%
Q4 2011+1.7%
Q3 2012+2.1%
Q2 2012
Q1 2012

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