Company: QLYS
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001107843-25-000038
Chunk: 171

Company: QUALYS, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 171
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 165 thousand PRSUs granted to certain executive officers in 2025, 2024, 2023 and 2022. Stock-based CompensationThe following table shows a summary of the stock-based compensation expenses included in the condensed consolidated statements of operations:Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024(in thousands)(in thousands)Cost of revenues$2,172 $2,081 $6,242 $5,967 Research and development5,207 5,448 15,274 15,911 Sales and marketing3,490 3,649 9,773 11,020 General and administrative8,578 9,159 25,024 23,556 Total stock-based compensation, net of amounts capitalized (1)$19,447 $20,337 $56,313 $56,454 (1)Total stock-based compensation expense capitalized was de minimis during the three and nine months ended September 30, 2025 and 2024.Of the total stock-based compensation expense in the table above, the Company recognized stock-based compensation expenses related to all PRSUs of $3.5 million and $3.9 million during the three months ended September 30, 2025 and 2024, respectively, and $9.7 million and $8.0 million for the nine months ended September 30, 2025 and 2024, respectively.As of September 30, 2025, the Company had unrecognized stock-based compensation expenses of $16.7 million, $79.9 million, $5.3 million, and $0.9 million related to options, RSUs, PRSUs, and ESPP purchase rights, respectively, which are expected to be recognized over weighted-average periods of 2.4 years, 2.7 years, 0.7 years, and 0.4 years, respectively.

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Share Repurchase ProgramThe Company's share repurchase program was authorized by the board of directors as follows: Announcement DateAuthorized Dollar Value(in millions)February 12, 2018$100.0 October 30, 2018100.0 October 30, 2019100.0 May 7, 2020100.0 February 10, 2021100.0 November 3, 2021200.0 May 4, 2022200