Better-than-Expected Revenue Growth
Qualys reported a 10% increase in revenue to $159.9 million, surpassing expectations for the quarter.
Increased Channel Contribution
The channel contributed 49% of total revenues, up from 45% a year ago, with channel partner revenue growing by 19%.
Strong Profitability and Cash Flow
Adjusted EBITDA for Q1 2025 was $74.8 million, representing a 47% margin, in line with last year. Free cash flow was $107.6 million, representing a 67% margin, up from 57% in the prior year.
New Product Innovations
Qualys expanded its TotalAI and TruRisk capabilities and launched new solutions like Policy Audit and Audit Fix to streamline audit operations.
High-Value Customer Wins
Qualys secured a seven-figure annual booking deal with a Global 100 media company and a Global 50 financial services company.