Company: QLYS
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001107843-25-000031
Chunk: 170

Company: QUALYS, INC.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 170
---
%

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 costs, including stock-based compensation, of $2.8 million, primarily driven by increase in incentive compensation compared to the same period in 2024, and an increase in license expenses and professional service expenses of $0.5 million, partially offset by a decrease in overhead allocations of $0.5 million.

32

General and administrative expenses increased by $3.3 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 $3.4 million, primarily driven by increase in headcount and increase in incentive compensation compared to the same period in 2024, an increase in license expenses and professional service expenses of $0.7 million, and an increase in depreciation of $0.5 million due to office renovations, partially offset by a decrease in overhead allocations of $1.3 million.

Total other income, net

Three Months EndedJune