Core Insights - Qualys is transitioning from traditional vulnerability detection to a "pre-breach" Risk Operations Center (ROC) that integrates exposure management, exploit validation, risk quantification, and automated remediation [2][3][7] Financial Performance - For FY2025, Qualys reported a revenue increase of 10% to $669.1 million, with an adjusted EBITDA margin of 47% and EPS of $7.07, reflecting a 15% rise [7] - Free cash flow reached $304.4 million, and channel sales accounted for 51% of total revenue, with international growth at 15%, surpassing U.S. growth [7] - Guidance for 2026 indicates projected revenue of $717–725 million, representing a growth rate of 7–8%, with mid-40s EBITDA margins [7] Strategic Initiatives - The company is enhancing its Enterprise TruRisk Management (ETM) platform to incorporate third-party data and has introduced an orchestration layer to unify findings from both Qualys and non-Qualys sources [4][7] - A notable feature is "Agent Val," an agentic AI workflow that validates the exploitability of vulnerabilities in specific environments, aiming to improve remediation efficiency [5][7] - Qualys is promoting a vendor-agnostic approach to unify fragmented security tools into a centralized risk fabric that quantifies risk in business terms [3][7]