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Side-by-side financial comparison of QUALYS, INC. (QLYS) and Wheels Up Experience Inc. (UP). Click either name above to swap in a different company.

Wheels Up Experience Inc. is the larger business by last-quarter revenue ($183.8M vs $175.3M, roughly 1.0× QUALYS, INC.). QUALYS, INC. runs the higher net margin — 30.3% vs -15.7%, a 46.0% gap on every dollar of revenue. On growth, QUALYS, INC. posted the faster year-over-year revenue change (10.1% vs -10.2%). QUALYS, INC. produced more free cash flow last quarter ($74.9M vs $-58.3M). Over the past eight quarters, QUALYS, INC.'s revenue compounded faster (9.6% CAGR vs -3.4%).

Qualys, Inc. is an American technology firm based in Foster City, California, specializing in cloud security, compliance and related services.

Wheels Up is a provider of "on demand" private aviation in the United States and one of the largest private aviation companies in the world. It was founded in 2013 by Kenny Dichter, using a membership/on-demand business model. Wheels Up members can book private aircraft from the company fleet and third-party operators using a mobile application.

QLYS vs UP — Head-to-Head

Bigger by revenue
UP
UP
1.0× larger
UP
$183.8M
$175.3M
QLYS
Growing faster (revenue YoY)
QLYS
QLYS
+20.3% gap
QLYS
10.1%
-10.2%
UP
Higher net margin
QLYS
QLYS
46.0% more per $
QLYS
30.3%
-15.7%
UP
More free cash flow
QLYS
QLYS
$133.2M more FCF
QLYS
$74.9M
$-58.3M
UP
Faster 2-yr revenue CAGR
QLYS
QLYS
Annualised
QLYS
9.6%
-3.4%
UP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
QLYS
QLYS
UP
UP
Revenue
$175.3M
$183.8M
Net Profit
$53.1M
$-28.9M
Gross Margin
83.4%
14.3%
Operating Margin
33.6%
-0.9%
Net Margin
30.3%
-15.7%
Revenue YoY
10.1%
-10.2%
Net Profit YoY
20.9%
67.0%
EPS (diluted)
$1.47
$-0.04

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
QLYS
QLYS
UP
UP
Q4 25
$175.3M
$183.8M
Q3 25
$169.9M
$185.5M
Q2 25
$164.1M
$189.6M
Q1 25
$159.9M
$177.5M
Q4 24
$159.2M
$204.8M
Q3 24
$153.9M
$193.9M
Q2 24
$148.7M
$196.3M
Q1 24
$145.8M
$197.1M
Net Profit
QLYS
QLYS
UP
UP
Q4 25
$53.1M
$-28.9M
Q3 25
$50.3M
$-83.7M
Q2 25
$47.3M
$-82.3M
Q1 25
$47.5M
$-99.3M
Q4 24
$44.0M
$-87.5M
Q3 24
$46.2M
$-57.7M
Q2 24
$43.8M
$-97.0M
Q1 24
$39.7M
$-97.4M
Gross Margin
QLYS
QLYS
UP
UP
Q4 25
83.4%
14.3%
Q3 25
83.6%
6.8%
Q2 25
82.4%
8.3%
Q1 25
81.9%
10.8%
Q4 24
81.8%
13.9%
Q3 24
81.3%
13.9%
Q2 24
82.2%
2.3%
Q1 24
81.3%
-0.6%
Operating Margin
QLYS
QLYS
UP
UP
Q4 25
33.6%
-0.9%
Q3 25
35.3%
-33.1%
Q2 25
31.3%
-31.4%
Q1 25
32.4%
-45.5%
Q4 24
31.0%
-26.0%
Q3 24
29.2%
-21.6%
Q2 24
32.3%
-40.3%
Q1 24
30.7%
-42.9%
Net Margin
QLYS
QLYS
UP
UP
Q4 25
30.3%
-15.7%
Q3 25
29.6%
-45.1%
Q2 25
28.8%
-43.4%
Q1 25
29.7%
-55.9%
Q4 24
27.6%
-42.7%
Q3 24
30.0%
-29.8%
Q2 24
29.4%
-49.4%
Q1 24
27.2%
-49.4%
EPS (diluted)
QLYS
QLYS
UP
UP
Q4 25
$1.47
$-0.04
Q3 25
$1.39
$-0.12
Q2 25
$1.29
$-0.12
Q1 25
$1.29
$-0.14
Q4 24
$1.19
$-0.13
Q3 24
$1.24
$-0.08
Q2 24
$1.17
$-0.14
Q1 24
$1.05
$-0.14

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
QLYS
QLYS
UP
UP
Cash + ST InvestmentsLiquidity on hand
$250.3M
$133.9M
Total DebtLower is stronger
$671.3M
Stockholders' EquityBook value
$561.2M
$-392.1M
Total Assets
$1.1B
$968.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
QLYS
QLYS
UP
UP
Q4 25
$250.3M
$133.9M
Q3 25
$225.3M
$125.3M
Q2 25
$194.0M
$107.0M
Q1 25
$290.7M
$171.8M
Q4 24
$232.2M
$216.4M
Q3 24
$235.4M
$115.9M
Q2 24
$281.2M
$141.5M
Q1 24
$273.8M
$180.9M
Total Debt
QLYS
QLYS
UP
UP
Q4 25
$671.3M
Q3 25
$766.5M
Q2 25
$770.5M
Q1 25
$765.8M
Q4 24
$761.3M
Q3 24
$596.9M
Q2 24
$597.4M
Q1 24
$603.2M
Stockholders' Equity
QLYS
QLYS
UP
UP
Q4 25
$561.2M
$-392.1M
Q3 25
$529.4M
$-374.5M
Q2 25
$508.2M
$-347.8M
Q1 25
$498.0M
$-288.1M
Q4 24
$477.1M
$-202.1M
Q3 24
$449.6M
$-117.7M
Q2 24
$427.8M
$-72.2M
Q1 24
$404.2M
$936.0K
Total Assets
QLYS
QLYS
UP
UP
Q4 25
$1.1B
$968.8M
Q3 25
$1.0B
$973.0M
Q2 25
$999.5M
$1.0B
Q1 25
$996.5M
$1.1B
Q4 24
$973.5M
$1.2B
Q3 24
$908.3M
$1.0B
Q2 24
$876.6M
$1.1B
Q1 24
$861.8M
$1.2B
Debt / Equity
QLYS
QLYS
UP
UP
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
644.43×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
QLYS
QLYS
UP
UP
Operating Cash FlowLast quarter
$75.7M
$-18.4M
Free Cash FlowOCF − Capex
$74.9M
$-58.3M
FCF MarginFCF / Revenue
42.8%
-31.7%
Capex IntensityCapex / Revenue
0.4%
21.7%
Cash ConversionOCF / Net Profit
1.42×
TTM Free Cash FlowTrailing 4 quarters
$304.4M
$-259.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
QLYS
QLYS
UP
UP
Q4 25
$75.7M
$-18.4M
Q3 25
$90.4M
$-37.1M
Q2 25
$33.8M
$-62.9M
Q1 25
$109.6M
$-47.9M
Q4 24
$47.7M
$37.9M
Q3 24
$61.0M
$-16.9M
Q2 24
$49.8M
$-25.2M
Q1 24
$85.5M
$-73.8M
Free Cash Flow
QLYS
QLYS
UP
UP
Q4 25
$74.9M
$-58.3M
Q3 25
$89.5M
$-60.4M
Q2 25
$32.4M
$-78.6M
Q1 25
$107.5M
$-62.6M
Q4 24
$41.9M
$-70.2M
Q3 24
$57.6M
$-21.9M
Q2 24
$48.8M
$-30.8M
Q1 24
$83.5M
$-77.8M
FCF Margin
QLYS
QLYS
UP
UP
Q4 25
42.8%
-31.7%
Q3 25
52.7%
-32.6%
Q2 25
19.8%
-41.5%
Q1 25
67.3%
-35.3%
Q4 24
26.3%
-34.3%
Q3 24
37.4%
-11.3%
Q2 24
32.8%
-15.7%
Q1 24
57.2%
-39.5%
Capex Intensity
QLYS
QLYS
UP
UP
Q4 25
0.4%
21.7%
Q3 25
0.5%
12.5%
Q2 25
0.8%
8.3%
Q1 25
1.3%
8.3%
Q4 24
3.7%
52.8%
Q3 24
2.2%
2.6%
Q2 24
0.7%
2.9%
Q1 24
1.4%
2.0%
Cash Conversion
QLYS
QLYS
UP
UP
Q4 25
1.42×
Q3 25
1.80×
Q2 25
0.71×
Q1 25
2.31×
Q4 24
1.09×
Q3 24
1.32×
Q2 24
1.14×
Q1 24
2.15×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

QLYS
QLYS

Sales Channel Through Intermediary$88.6M51%
Sales Channel Directly To Consumer$86.7M49%

UP
UP

Segment breakdown not available.

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