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Side-by-side financial comparison of QUALYS, INC. (QLYS) and VIRTUS INVESTMENT PARTNERS, INC. (VRTS). Click either name above to swap in a different company.
VIRTUS INVESTMENT PARTNERS, INC. is the larger business by last-quarter revenue ($199.5M vs $175.3M, roughly 1.1× QUALYS, INC.). QUALYS, INC. runs the higher net margin — 30.3% vs 3.6%, a 26.8% gap on every dollar of revenue. On growth, QUALYS, INC. posted the faster year-over-year revenue change (10.1% vs -4.1%). Over the past eight quarters, QUALYS, INC.'s revenue compounded faster (9.6% CAGR vs -5.7%).
Qualys, Inc. is an American technology firm based in Foster City, California, specializing in cloud security, compliance and related services.
VIRTUS INVESTMENT PARTNERS, INC.VRTSEarnings & Financial Report
Virtus Investment Partners, Inc. is an American company which operates as a multi-manager asset management business, comprising a number of individual affiliated managers, each having its own investment process and brand, and the services of unaffiliated sub advisers.
QLYS vs VRTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $175.3M | $199.5M |
| Net Profit | $53.1M | $7.1M |
| Gross Margin | 83.4% | — |
| Operating Margin | 33.6% | 7.7% |
| Net Margin | 30.3% | 3.6% |
| Revenue YoY | 10.1% | -4.1% |
| Net Profit YoY | 20.9% | -78.1% |
| EPS (diluted) | $1.47 | $1.05 |
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.
| Q1 26 | — | $199.5M | ||
| Q4 25 | $175.3M | $208.0M | ||
| Q3 25 | $169.9M | $216.4M | ||
| Q2 25 | $164.1M | $210.5M | ||
| Q1 25 | $159.9M | $217.9M | ||
| Q4 24 | $159.2M | $233.5M | ||
| Q3 24 | $153.9M | $227.0M | ||
| Q2 24 | $148.7M | $224.4M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | $53.1M | $33.9M | ||
| Q3 25 | $50.3M | $31.3M | ||
| Q2 25 | $47.3M | $42.7M | ||
| Q1 25 | $47.5M | $28.1M | ||
| Q4 24 | $44.0M | $39.5M | ||
| Q3 24 | $46.2M | $49.1M | ||
| Q2 24 | $43.8M | $26.0M |
| Q1 26 | — | — | ||
| Q4 25 | 83.4% | — | ||
| Q3 25 | 83.6% | — | ||
| Q2 25 | 82.4% | — | ||
| Q1 25 | 81.9% | — | ||
| Q4 24 | 81.8% | — | ||
| Q3 24 | 81.3% | — | ||
| Q2 24 | 82.2% | — |
| Q1 26 | — | 7.7% | ||
| Q4 25 | 33.6% | 19.1% | ||
| Q3 25 | 35.3% | 21.7% | ||
| Q2 25 | 31.3% | 21.5% | ||
| Q1 25 | 32.4% | 16.8% | ||
| Q4 24 | 31.0% | 21.7% | ||
| Q3 24 | 29.2% | 24.3% | ||
| Q2 24 | 32.3% | 19.7% |
| Q1 26 | — | 3.6% | ||
| Q4 25 | 30.3% | 16.3% | ||
| Q3 25 | 29.6% | 14.5% | ||
| Q2 25 | 28.8% | 20.3% | ||
| Q1 25 | 29.7% | 12.9% | ||
| Q4 24 | 27.6% | 16.9% | ||
| Q3 24 | 30.0% | 21.6% | ||
| Q2 24 | 29.4% | 11.6% |
| Q1 26 | — | $1.05 | ||
| Q4 25 | $1.47 | $5.15 | ||
| Q3 25 | $1.39 | $4.65 | ||
| Q2 25 | $1.29 | $6.12 | ||
| Q1 25 | $1.29 | $4.05 | ||
| Q4 24 | $1.19 | $4.65 | ||
| Q3 24 | $1.24 | $5.71 | ||
| Q2 24 | $1.17 | $2.43 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $250.3M | $136.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $561.2M | $93.6B |
| Total Assets | $1.1B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $136.6M | ||
| Q4 25 | $250.3M | — | ||
| Q3 25 | $225.3M | — | ||
| Q2 25 | $194.0M | — | ||
| Q1 25 | $290.7M | — | ||
| Q4 24 | $232.2M | — | ||
| Q3 24 | $235.4M | — | ||
| Q2 24 | $281.2M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $390.0M | ||
| Q3 25 | — | $390.6M | ||
| Q2 25 | — | $231.3M | ||
| Q1 25 | — | $231.7M | ||
| Q4 24 | — | $232.1M | ||
| Q3 24 | — | $237.5M | ||
| Q2 24 | — | $247.6M |
| Q1 26 | — | $93.6B | ||
| Q4 25 | $561.2M | $934.0M | ||
| Q3 25 | $529.4M | $918.7M | ||
| Q2 25 | $508.2M | $896.4M | ||
| Q1 25 | $498.0M | $893.7M | ||
| Q4 24 | $477.1M | $897.5M | ||
| Q3 24 | $449.6M | $889.0M | ||
| Q2 24 | $427.8M | $868.7M |
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $4.3B | ||
| Q3 25 | $1.0B | $3.9B | ||
| Q2 25 | $999.5M | $3.7B | ||
| Q1 25 | $996.5M | $3.7B | ||
| Q4 24 | $973.5M | $4.0B | ||
| Q3 24 | $908.3M | $3.6B | ||
| Q2 24 | $876.6M | $3.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | — | 0.26× | ||
| Q3 24 | — | 0.27× | ||
| Q2 24 | — | 0.29× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $75.7M | — |
| Free Cash FlowOCF − Capex | $74.9M | — |
| FCF MarginFCF / Revenue | 42.8% | — |
| Capex IntensityCapex / Revenue | 0.4% | — |
| Cash ConversionOCF / Net Profit | 1.42× | — |
| TTM Free Cash FlowTrailing 4 quarters | $304.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $75.7M | $-67.2M | ||
| Q3 25 | $90.4M | $108.3M | ||
| Q2 25 | $33.8M | $75.8M | ||
| Q1 25 | $109.6M | $-3.8M | ||
| Q4 24 | $47.7M | $1.8M | ||
| Q3 24 | $61.0M | $69.1M | ||
| Q2 24 | $49.8M | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | $74.9M | $-74.1M | ||
| Q3 25 | $89.5M | $106.9M | ||
| Q2 25 | $32.4M | $74.2M | ||
| Q1 25 | $107.5M | $-6.8M | ||
| Q4 24 | $41.9M | $-3.8M | ||
| Q3 24 | $57.6M | $68.7M | ||
| Q2 24 | $48.8M | $68.6M |
| Q1 26 | — | — | ||
| Q4 25 | 42.8% | -35.6% | ||
| Q3 25 | 52.7% | 49.4% | ||
| Q2 25 | 19.8% | 35.2% | ||
| Q1 25 | 67.3% | -3.1% | ||
| Q4 24 | 26.3% | -1.6% | ||
| Q3 24 | 37.4% | 30.3% | ||
| Q2 24 | 32.8% | 30.6% |
| Q1 26 | — | — | ||
| Q4 25 | 0.4% | 3.3% | ||
| Q3 25 | 0.5% | 0.7% | ||
| Q2 25 | 0.8% | 0.7% | ||
| Q1 25 | 1.3% | 1.4% | ||
| Q4 24 | 3.7% | 2.4% | ||
| Q3 24 | 2.2% | 0.2% | ||
| Q2 24 | 0.7% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 1.42× | -1.99× | ||
| Q3 25 | 1.80× | 3.45× | ||
| Q2 25 | 0.71× | 1.77× | ||
| Q1 25 | 2.31× | -0.13× | ||
| Q4 24 | 1.09× | 0.04× | ||
| Q3 24 | 1.32× | 1.41× | ||
| Q2 24 | 1.14× | 2.69× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
QLYS
| Sales Channel Through Intermediary | $88.6M | 51% |
| Sales Channel Directly To Consumer | $86.7M | 49% |
VRTS
| Investment management fees | $169.1M | 85% |
| Administration and shareholder service fees | $17.3M | 9% |
| Distribution and service fees | $11.6M | 6% |
