Company: QLYS
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001107843-25-000031
Chunk: 214

Company: QUALYS, INC.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 214
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 we also generated $13.3 million of cash from changes in working capital during the six months ended June 30, 2025, of which $13.5 million was related to the net decrease in accounts receivable and deferred revenue due to the timing of collections and billings, and a $4.4 million increase in payables and accrued liabilities primarily driven by the timing of payments, partially offset by a $4.6 million increase in prepaid expenses primarily driven by the timing of payments. During the six months ended June 30, 2024, we generated $17.1 million of cash from changes in working capital, of which $24.6 million was attributed to a decrease in accounts receivable due to the timing of collections and $8.6 million increase in payables and accrued liabilities, partially offset by a $4.5 million increase in prepaid expenses primarily driven by the timing of payments.

Investing Activities

During the six months ended June 30, 2025, we used $82.8 million of cash for purchases of marketable securities net of sales and maturities, and used $3.4 million of cash in capital expenditures mainly related to purchases of computer 

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equipment to support our growth and development and leasehold improvements for expansion of our office spaces, as compared to $6.4 million of cash generated from sales and maturities of marketable securities net of purchases, partially offset by $3.1 million of cash used in capital expenditures mainly related to purchases of computer equipment to support our growth and development during the six months ended June 30, 2024.

Financing Activities

During the six months ended June 30, 2025, we used $89.5 million of cash for share repurchases, $15.3 million of cash in payment of employee withholding taxes upon vesting of restricted stock units, partially offset by $5.6 million of proceeds from employee exercise of stock options, and $3.8 million of proceeds from issuance of common stock through our ESPP, as compared to $53.0 million of cash used for share repurchases, and $17.7 million of cash used in payment of employee withholding taxes upon vesting of restricted stock units and $1.5 million payment of cash held in escrow as part of the Blue Hexagon acquisition on October 4, 2022, partially offset by $6.0 million of proceeds from employee exercise of stock options, and $3.6 million of proceeds from issuance