Company: QLYS
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001107843-25-000031
Chunk: 160

Company: QUALYS, INC.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 160
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 thousands)Revenues$164,062 $148,708 $323,961 $294,513 Less: Significant segment expensesCost of revenues (exclusive of stock-based compensation and amortization of intangible assets)26,258 23,803 52,454 48,234 Research and development (exclusive of stock-based compensation and amortization of intangible assets)25,286 21,934 49,336 44,136 Sales and marketing (exclusive of stock-based compensation)32,727 28,514 62,187 54,183 General and administrative (exclusive of stock-based compensation)9,699 8,532 18,677 17,471 Add: Other segment items (1)999 (587)1,316 (1,986)Less: Stock-based compensation18,046 17,086 36,866 36,117 Less: Amortization of intangible assets639 771 1,279 1,543 Add: Interest income6,407 6,703 12,642 12,826 Less: Income tax provision11,523 10,412 22,296 20,166 Condensed consolidated net income$47,290 $43,772 $94,824 $83,503 (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 EndedJune 30,Six Months EndedJune 30,2025202420252024(in thousands)(in thousands)United States$92,793 $86,940 $184,020 $173,376 Foreign71,269 61,768 139,941 121,137 Total revenues$164,062 $148,708 $323,961 $294,513 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:June 30,2025December 31,2024(in thousands)United States$53,452 $47,916 India18,883 21,076 Rest of world2,505 2,325 Total long-lived assets$74,840 $71,