Company: QLYS
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001107843-25-000038
Chunk: 149

Company: QUALYS, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 149
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 an integral part of these Condensed Consolidated Financial Statements.

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Table of Contents

Qualys, Inc.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(unaudited)

(in thousands)

Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024Net income$50,346 $46,212 $145,170 $129,715 Other comprehensive income (loss), net of taxNet change in unrealized gains on available-for-sale debt securities, net of tax317 2,256 584 1,628 Net change in unrealized losses on cash flow hedges, net of tax(441)(2,015)(6,211)(217)Other comprehensive income (loss), net of tax(124)241 (5,627)1,411 Comprehensive income$50,222 $46,453 $139,543 $131,126 

The accompanying notes are an integral part of these Condensed Consolidated Financial Statements.

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Qualys, Inc.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited)

(in thousands)

Nine Months EndedSeptember 30,20252024Cash flow from operating activities:Net income$145,170 $129,715 Adjustments to reconcile net income to net cash provided by operating activities:  Depreciation and amortization expense11,353 14,410 Provision for credit losses1,110 411 Stock-based compensation, net of amounts capitalized56,313 56,454 Accretion of discount on marketable securities, net(2,799)(5,231)Deferred income taxes6,724 (15,374)Changes in operating assets and liabilities:  Accounts receivable35,023 30,848 Prepaid expenses and other assets(13,402)(9,900)Accounts payable591 391 Accrued liabilities and other noncurrent liabilities1,568 (1,351)Deferred revenues(7,910)(4,001)Net cash provided by operating activities233,741 196,372 Cash flow from investing activities:Purchases of marketable securities(275,379)(305,952)Sales and maturities of marketable securities182,322 252,940 Purchases of property and equipment(4,266)(6,497)Net cash used in investing activities(97,323)(59