Company: QLYS
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001107843-25-000031
Chunk: 188

Company: QUALYS, INC.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 188
---
4(in thousands)(in thousands)Reclassification of AOCI - Cash flow hedgesRevenues$180 $(375)$359 $(654)Cost of revenues(42)(9)(124)6 Research and development(111)(24)(328)13 Sales and marketing(11)(2)(31)1 General and administrative(14)(4)(44)2 Total$2 $(414)$(168)$(632)The Company reclassified none and an immaterial amount from AOCI to other income (expense), net related to available-for-sale debt securities during the three and six months ended June 30, 2025, respectively, and none during the same periods in 2024.

NOTE 4.                              Property and Equipment, Net

Property and equipment, net, consists of the following: June 30,2025December 31,2024(in thousands)Computer equipment$189,476 $187,281 Computer software26,237 26,229 Leasehold improvements23,749 23,429 Scanner appliances18,978 18,978 Furniture, fixtures and equipment5,209 5,204 Total property and equipment263,649 261,121 Less: accumulated depreciation and amortization(237,487)(230,772)Property and equipment, net$26,162 $30,349 As of June 30, 2025 and December 31, 2024, physical scanner appliances and other computer equipment that are or will be subject to leases by customers had a net carrying value of $9.8 million and $11.2 million, respectively, including assets that had not been placed in service of $4.2 million and $7.4 million, respectively. Depreciation and amortization expenses relating to property and equipment were $3.4 million and $4.0 million for the three months ended June 30, 2025 and 2024, respectively, and $6.9 million and $8.5 million for the six months ended June 30, 2025 and 2024, respectively, which were mainly recorded in cost of revenues in the condensed consolidated statements of operations.

NOTE 5.                              Revenue from Contracts with Customers

The Company records deferred revenue when cash payments are received or due in advance of its performance obligations offset by revenue recognized in the period. Revenues of $111.4 million and $99.