Company: QLYS
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001107843-25-000031
Chunk: 147

Company: QUALYS, INC.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 147
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 to these derivatives are large, global financial institutions that the Company believes are creditworthy, and therefore, it does not consider the risk of counterparty nonperformance to be material.The following summarizes the gains (losses) recognized from forward contracts and other foreign currency transactions in other income (expense), net in the condensed consolidated statements of operations:Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024(in thousands)(in thousands)Net gains (losses) from non-designated forward contracts$(2,867)$(73)$(4,484)$439 Other foreign currency transactions gains (losses)3,867 (518)5,744 (2,459)Total foreign exchange gains (losses), net$1,000 $(591)$1,260 $(2,020)

NOTE 3.                              Accumulated Other Comprehensive Income (Loss)

The components and changes in accumulated other comprehensive income (loss) for the three and six months ended June 30, 2025 and 2024 were as follows:Available-for-Sale Debt SecuritiesCash Flow HedgesTotal(in thousands)Balances at December 31, 2024$391 $1,026 $1,417 Change in unrealized gains (losses) during the period366 (2,230)(1,864)Amount reclassified into income during the period20 170 190 Tax effect(90)483 393 Net change during the period296 (1,577)(1,281)Balances at March 31, 2025$687 $(551)$136 Change in unrealized gains (losses) during the period(41)(5,426)(5,467)Amount reclassified into income during the period— (2)(2)Tax effect12 1,235 1,247 Net change during the period(29)(4,193)(4,222)Balances at June 30, 2025$658 $(4,744)$(4,086)Balances at December 31, 2023$108 $(1,812)$(1,704)Change in unrealized gains (losses) during the period(436)1,222 786 Amount reclassified into income during the period— 218 218 Tax effect29 (336)(307)Net change during the period(407)1,104 697 Bal