Company: QLYS
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001107843-25-000031
Chunk: 156

Company: QUALYS, INC.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 156
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 thousand PRSUs granted to certain executive officers in 2024, 2023, 2022 and 2021.(4)Included 70 thousand PRSUs granted to certain executive officers in 2024, 2023, 2022 and 2021.(5)Included 165 thousand PRSUs granted to certain executive officers in 2025, 2024, 2023, 2022 and 2021. Stock-based CompensationThe following table shows a summary of the stock-based compensation expenses included in the condensed consolidated statements of operations:Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024(in thousands)(in thousands)Cost of revenues$1,980 $1,866 $4,070 $3,886 Research and development4,963 5,160 10,067 10,463 Sales and marketing3,083 3,632 6,283 7,371 General and administrative8,020 6,428 16,446 14,397 Total stock-based compensation, net of amounts capitalized (1)$18,046 $17,086 $36,866 $36,117 (1)Total stock-based compensation expense capitalized was de minimis during the three and six months ended June 30, 2025 and 2024.Of the total stock-based compensation expense in the table above, the Company recognized stock-based compensation expenses related to all PRSUs of $2.9 million and $1.3 million during the three months ended June 30, 2025 and 2024, respectively, and $6.2 million and $4.1 million for the six months ended June 30, 2025 and 2024, respectively.As of June 30, 2025, the Company had unrecognized stock-based compensation expenses of $16.7 million, $75.8 million, $7.5 million, and $0.3 million related to options, RSUs, PRSUs, and ESPP purchase rights, respectively, which are expected to be recognized over weighted-average periods of 2.3 years, 2.6 years, 0.7 years, and 0.1 years, respectively.

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Share Repurchase ProgramThe Company's share repurchase program was authorized by the board of directors as follows: Announcement DateAuthorized Dollar Value(in millions)February 12, 2018$100.0