QLYS FY 2021 Earnings Report — Qualys, Inc. Revenue & Financial Results | Market Cap Arena

Qualys, Inc.QLYS

FY 2021 Earnings

Reported February 22, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$411M	—	$363M	—	13.3%
Op. Income	$88M	—	$97M	—	-9.3%
Gross Margin	78.2%	—	78.2%	—	0.1pp
Net Margin	17.3%	—	25.2%	—	-8.0pp
EPS (Diluted)	$1.77	—	$2.24	—	-21.0%
Free Cash Flow	$175M	—	$150M	—	16.6%

Revenue Flow

Item	Amount
REVENUE	$411M
Cost of Revenue	$89M
GROSS PROFIT	$322M
R&D Expenses	$81M
Selling & Marketing	$76M
General & Administrative	$76M
SG&A Expenses	$153M
Other Expenses	$0
Operating Expenses	$234M
Cost & Expenses	$323M
OPERATING INCOME	$88M
Interest Income	$2M
Interest Expense	$0
Other Income/Expenses	$2M
INCOME BEFORE TAX	$89M
Income Tax Expense	$18M
Net Income from Continuing Ops	$71M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$71M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$71M
D&A	$36M
EBIT	$88M
EBITDA	$124M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$411M
Cost of Revenue	$89M
GROSS PROFIT	$322M
R&D Expenses	$81M
Selling & Marketing	$76M
General & Administrative	$76M
SG&A Expenses	$153M
Other Expenses	$0
Operating Expenses	$234M
Cost & Expenses	$323M
OPERATING INCOME	$88M
Interest Income	$2M
Interest Expense	$0
Other Income/Expenses	$2M
INCOME BEFORE TAX	$89M
Income Tax Expense	$18M
Net Income from Continuing Ops	$71M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$71M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$71M
D&A	$36M
EBIT	$88M
EBITDA	$124M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$71M
Depreciation & Amortization	$36M
Stock-Based Compensation	$68M
Deferred Income Tax	-$10M
Other Non-Cash Items	$5M
Change in Working Capital	$31M
OPERATING CASH FLOW	$201M
Capital Expenditure	-$26M
Acquisitions (Net)	-$1M
Purchases of Investments	-$368M
Sales/Maturities of Investments	$364M
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$30M
Net Debt Issuance	-$90.0K
Common Stock Repurchased	-$130M
Common Dividends Paid	$0
Other Financing Activities	$22M
NET CASH FROM FINANCING	-$108M
FREE CASH FLOW	$175M
Net Change in Cash	$63M

Balance Sheet

Item	Amount
Cash & Equivalents	$137M
Short-Term Investments	$268M
Net Receivables	$109M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$546M
PP&E (Net)	$99M
Goodwill	$7M
Intangible Assets	$7M
Long-Term Investments	$111M
Tax Assets	$25M
Other Non-Current Assets	$19M
TOTAL NON-CURRENT ASSETS	$268M
TOTAL ASSETS	$815M
Account Payables	$1M
Short-Term Debt	$0
Deferred Revenue	$258M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$304M
Long-Term Debt	$0
Deferred Revenue NC	$33M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$5M
TOTAL NON-CURRENT LIABILITIES	$74M
TOTAL LIABILITIES	$378M
Common Stock	$39.0K
Additional Paid-In Capital	$477M
Retained Earnings	-$42M
Treasury Stock	$0
Accum. Other Comp. Income	$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$437M
Minority Interest	$0
TOTAL EQUITY	$437M
TOTAL LIABILITIES & EQUITY	$815M
Total Debt	$49M
Net Debt	-$89M