QLYS FY 2020 Earnings Report — Qualys, Inc. Revenue & Financial Results | Market Cap Arena

Qualys, Inc.QLYS

FY 2020 Earnings

Reported February 22, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$363M	—	$322M	—	12.9%
Op. Income	$97M	—	$72M	—	33.8%
Gross Margin	78.2%	—	78.4%	—	-0.2pp
Net Margin	25.2%	—	21.6%	—	3.7pp
EPS (Diluted)	$2.24	—	$1.68	—	33.3%
Free Cash Flow	$150M	—	$129M	—	16.3%

Revenue Flow

Item	Amount
REVENUE	$363M
Cost of Revenue	$79M
GROSS PROFIT	$284M
R&D Expenses	$73M
Selling & Marketing	$68M
General & Administrative	$47M
SG&A Expenses	$115M
Other Expenses	$0
Operating Expenses	$187M
Cost & Expenses	$266M
OPERATING INCOME	$97M
Interest Income	$5M
Interest Expense	$9.0K
Other Income/Expenses	$5M
INCOME BEFORE TAX	$102M
Income Tax Expense	$10M
Net Income from Continuing Ops	$92M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$92M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$92M
D&A	$33M
EBIT	$102M
EBITDA	$135M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$363M
Cost of Revenue	$79M
GROSS PROFIT	$284M
R&D Expenses	$73M
Selling & Marketing	$68M
General & Administrative	$47M
SG&A Expenses	$115M
Other Expenses	$0
Operating Expenses	$187M
Cost & Expenses	$266M
OPERATING INCOME	$97M
Interest Income	$5M
Interest Expense	$9.0K
Other Income/Expenses	$5M
INCOME BEFORE TAX	$102M
Income Tax Expense	$10M
Net Income from Continuing Ops	$92M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$92M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$92M
D&A	$33M
EBIT	$102M
EBITDA	$135M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$92M
Depreciation & Amortization	$33M
Stock-Based Compensation	$40M
Deferred Income Tax	$4M
Other Non-Cash Items	$1M
Change in Working Capital	$11M
OPERATING CASH FLOW	$180M
Capital Expenditure	-$30M
Acquisitions (Net)	-$2M
Purchases of Investments	-$392M
Sales/Maturities of Investments	$342M
Other Investing Activities	$419.0K
NET CASH FROM INVESTING	-$81M
Net Debt Issuance	-$114.0K
Common Stock Repurchased	-$127M
Common Dividends Paid	$0
Other Financing Activities	$14M
NET CASH FROM FINANCING	-$113M
FREE CASH FLOW	$150M
Net Change in Cash	-$13M

Balance Sheet

Item	Amount
Cash & Equivalents	$74M
Short-Term Investments	$282M
Net Receivables	$100M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$475M
PP&E (Net)	$110M
Goodwill	$7M
Intangible Assets	$12M
Long-Term Investments	$98M
Tax Assets	$16M
Other Non-Current Assets	$18M
TOTAL NON-CURRENT ASSETS	$261M
TOTAL ASSETS	$737M
Account Payables	$731.0K
Short-Term Debt	$0
Deferred Revenue	$213M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$256M
Long-Term Debt	$0
Deferred Revenue NC	$31M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$367.0K
TOTAL NON-CURRENT LIABILITIES	$77M
TOTAL LIABILITIES	$332M
Common Stock	$39.0K
Additional Paid-In Capital	$401M
Retained Earnings	$4M
Treasury Stock	$0
Accum. Other Comp. Income	-$484.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$404M
Minority Interest	$0
TOTAL EQUITY	$404M
TOTAL LIABILITIES & EQUITY	$737M
Total Debt	$57M
Net Debt	-$17M