Company: QLYS
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001107843-25-000031
Chunk: 268

Company: QUALYS, INC.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 2
Chunk 268
---
-based compensation, of $2.6 million, driven by additional employees hired to support the growth of our business, and an increase in shared cloud platform cost of $0.5 million.

Research and development expenses increased by $4.8 million for the six months ended June 30, 2025 compared to the same period in 2024, primarily due to an increase in personnel costs, including stock-based compensation, of $3.9 million, driven by additional employees hired to support the growth of our business, and an increase in shared cloud platform cost of $0.9 million.

Sales and Marketing Expenses

Three Months EndedJune 30,ChangeSix Months EndedJune 30,Change20252024$%20252024$%(in thousands, except percentages)(in thousands, except percentages)Sales and marketing$35,810 $32,146 $3,664 11%$68,470 $61,554 $6,916 11%

Sales and marketing expenses increased by $3.7 million for the three months ended June 30, 2025 compared to the same period in 2024, primarily due to an increase in personnel costs, driven by increased headcount and an increase in sales commissions, of $1.9 million, and an increase in marketing expenses, primarily related to digital advertising, partner event and sponsorship, of $1.5 million, and travel expenses of $0.3 million.

Sales and marketing expenses increased by $6.9 million for the six months ended June 30, 2025 compared to the same period in 2024, primarily due to an increase in personnel costs, driven by increased headcount and an increase in sales commissions, of $3.4 million, and an increase in marketing expenses, primarily related to digital advertising, partner event and sponsorship, of $2.7 million, and travel expenses of $0.8 million.

General and Administrative Expenses

Three Months EndedJune 30,ChangeSix Months EndedJune 30,Change20252024$%20252024$%(in thousands, except percentages)(in thousands, except percentages)General and administrative$17,719 $14,960 $2,759 18%$35,123 $31,868 $3,255 10%

General and administrative expenses increased by $2.8 million for the three months ended June 30, 2025 compared to the same period in 2024, primarily due to an increase in personnel