Company: QLYS
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001107843-25-000009
Chunk: 96

Company: QUALYS, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 96
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,080)Total stockholders’ equity477,116 368,174 Total liabilities and stockholders’ equity$973,537 $812,618 

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

55

Qualys, Inc.

CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share data)

Year Ended December 31,202420232022Revenues$607,571 $554,458 $489,723 Cost of revenues111,482 107,485 102,788 Gross profit496,089 446,973 386,935 Operating expenses:Research and development111,852 110,472 101,186 Sales and marketing128,303 111,691 97,221 General and administrative68,738 61,741 57,981 Total operating expenses308,893 283,904 256,388 Income from operations187,196 163,069 130,547 Other income (expense), net:Interest income25,784 16,905 5,191 Other expense, net(3,158)(1,323)(2,038)Total other income, net22,626 15,582 3,153 Income before income taxes209,822 178,651 133,700 Income tax provision36,142 27,056 25,708 Net income$173,680 $151,595 $107,992 Net income per share:Basic$4.72 $4.11 $2.81 Diluted$4.65 $4.03 $2.74 Weighted average shares used in computing net income per share:Basic36,79936,87938,453Diluted37,35337,60239,344

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

56

Qualys, Inc.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(in thousands)

Year Ended December 31,202420232022Net income$173,680 $151,595 $107,992 Other comprehensive income (loss), net of taxNet change in unrealized gains (losses) on available-for-sale debt securities, net of tax283 2,813 (2,520)Net change in unrealized gains (losses) on cash flow hedges, net of tax2,838