Company: QLYS
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001107843-25-000017
Chunk: 140

Company: QUALYS, INC.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 140
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 are an integral part of these Condensed Consolidated Financial Statements.

6

Qualys, Inc.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited)

(in thousands)

Three Months EndedMarch 31,20252024Cash flow from operating activities:Net income$47,534 $39,731 Adjustments to reconcile net income to net cash provided by operating activities:  Depreciation and amortization expense4,177 5,239 Provision for credit losses206 193 Stock-based compensation, net of amounts capitalized18,820 19,031 Accretion of discount on marketable securities, net(1,107)(1,915)Deferred income taxes(4,360)(4,111)Changes in operating assets and liabilities:  Accounts receivable42,782 30,404 Prepaid expenses and other assets162 (10,126)Accounts payable(66)(335)Accrued liabilities and other noncurrent liabilities8,265 8,892 Deferred revenues(6,825)(1,498)Net cash provided by operating activities109,588 85,505 Cash flow from investing activities:Purchases of marketable securities(55,525)(61,340)Sales and maturities of marketable securities50,532 71,463 Purchases of property and equipment(2,038)(2,051)Net cash provided by (used in) investing activities(7,031)8,072 Cash flow from financing activities:Repurchase of common stock(39,653)(18,029)Proceeds from exercise of stock options2,599 2,770 Payments for taxes related to net share settlement of equity awards(10,831)(11,808)Proceeds from issuance of common stock through employee stock purchase plan3,817 3,608 Payment of acquisition-related holdback— (1,500)Net cash used in financing activities(44,068)(24,959)Net increase in cash, cash equivalents and restricted cash58,489 68,618 Cash, cash equivalents and restricted cash at beginning of period233,382 206,365 Cash, cash equivalents and restricted cash at end of period$291,871 $274,983 

The accompanying notes are an integral part of these Condensed Consolidated Financial Statements.

7

Qualys, Inc.

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQU