Company: QLYS
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001107843-25-000017
Chunk: 147

Company: QUALYS, INC.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 147
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esFair ValueGross Unrealized LossesFair ValueGross Unrealized Losses(in thousands)Commercial paper$1,992 $(1)$— $— $1,992 $(1)Corporate bonds26,613 (56)— — 26,613 (56)U.S. Treasury and government agencies112,453 (92)— — 112,453 (92)Total$141,058 $(149)$— $— $141,058 $(149)December 31, 2024Less than 12 months12 months or longerTotalFair ValueGross Unrealized LossesFair ValueGross Unrealized LossesFair ValueGross Unrealized Losses(in thousands)Commercial paper$4,464 $(2)$— $— $4,464 $(2)Corporate bonds27,154 (171)672 (3)27,826 (174)U.S. Treasury and government agencies64,517 (221)— — 64,517 (221)Total$96,135 $(394)$672 $(3)$96,807 $(397)The Company considered the extent to which any unrealized losses on its marketable securities were driven by credit risk and other factors, including market risk, and if it is more-likely-than-not that the Company would have to sell the security before the recovery of the amortized cost basis. At March 31, 2025 and December 31, 2024, the unrealized losses related to its marketable securities were due to market factors other than credit. The Company does not believe the unrealized losses represent credit risk, and the Company does not intend to sell any of the securities in an unrealized loss position and it is not likely that the Company would be required to sell these securities before recovery of their amortized cost basis, which may be at maturity. Thus, no credit loss was recognized for the Company's marketable securities for the three months ended March 31, 2025 and 2024.The following summarizes the fair value of marketable securities by contractual maturity:March 31, 2025Amortized CostFair Value(in thousands)Due within One Year$204,634 $204,877 Due after One Year through Five Years192,766 193,350 Asset-backed securities5,575 5,640 Total$402,975 $403,867 Non-Marketable SecuritiesDuring