Company: QLYS
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001107843-25-000017
Chunk: 161

Company: QUALYS, INC.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 161
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Revenues$159,899 $145,805 Less: Significant segment expensesCost of revenues (exclusive of stock-based compensation and amortization of intangible assets)26,196 24,431 Research and development (exclusive of stock-based compensation and amortization of intangible assets)24,050 22,202 Sales and marketing (exclusive of stock-based compensation)29,460 25,669 General and administrative (exclusive of stock-based compensation)8,978 8,939 Add: Other segment items (1)317 (1,399)Less: Stock-based compensation18,820 19,031 Less: Amortization of intangible assets640 772 Add: Interest income6,235 6,123 Less: Income tax provision10,773 9,754 Condensed consolidated net income$47,534 $39,731 (1)Other segment items included in segment net income includes interest expense, realized and unrealized gain/loss on foreign exchange transactions.Revenue by geographic area, based on the customer's billing address, is as follows:Three Months EndedMarch 31,20252024(in thousands)United States$91,227 $86,436 Foreign68,672 59,369 Total revenues$159,899 $145,805 The measure of segment assets is reported on the balance sheet as total consolidated assets. Long-lived assets, which consist of Property and equipment, net and Operating leases - right of use asset, by geographic area, are as follows:March 31,2025December 31,2024(in thousands)United States$46,947 $47,916 India20,458 21,076 Rest of world2,174 2,325 Total long-lived assets$69,579 $71,317 

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NOTE 12.                            Net Income Per Share

The computations for basic and diluted net income per share are as follows: Three Months EndedMarch 31,20252024(in thousands, except per share data)Numerator:Net income$47,534 $39,731 Denominator:Basic weighted average shares36,466 36,955 Effect of potentially dilutive shares:Stock options210 471 Restricted stock units103 292 Employee stock purchase plan5 5 Diluted weighted average shares36,784 37,723 Net income per share:Basic$1.30