Company: QLYS
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001107843-25-000031
Chunk: 191

Company: QUALYS, INC.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 191
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Years)CostAccumulated AmortizationNet Book ValueDeveloped technology4.6$40,141 $(34,648)$5,493 Total intangibles subject to amortization$40,141 $(34,648)$5,493 Intangible assets not subject to amortization40 Total intangible assets, net$5,533  December 31, 2024(in thousands)Weighted Average Life (Years)CostAccumulated AmortizationNet Book ValueDeveloped technology4.6$40,141 $(33,369)$6,772 Total intangibles subject to amortization$40,141 $(33,369)$6,772 Intangible assets not subject to amortization40 Total intangible assets, net$6,812 Intangible asset amortization expense was $0.7 million and $0.8 million for the three months ended June 30, 2025 and 2024, respectively, and $1.3 million and $1.5 million for the six months ended June 30, 2025 and 2024, respectively. Intangible asset amortization expenses were primarily recorded in cost of revenues in the condensed consolidated statements of operations.

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As of June 30, 2025, the Company expects amortization expense in future periods to be as follows:(in thousands)2025 (remaining six months)$1,278 20262,477 20271,738 Total expected future amortization expense$5,493 

NOTE 7.                              Leases

The Company leases certain offices, computer equipment and its shared cloud platform facilities under non-cancelable operating leases for varying periods through 2034. While under the Company's lease agreements the Company has options to extend its certain leases, the Company has not included renewal options in determining the lease terms for calculating its lease liabilities, as these options are not reasonably certain of being exercised. Lease expense was $4.5 million and $3.8 million for the three months ended June 30, 2025 and 2024, respectively, and $8.7 million and $7.6 million for the six months ended June 30, 2025 and 2024, respectively.On May 1, 2025, the Company entered into a second amendment (the "Amendment") to early renew the lease of its headquarters in Foster City, California, which was scheduled to expire in April 202