Company: QLYS
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001107843-25-000031
Chunk: 169

Company: QUALYS, INC.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 169
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 shared cloud platform cost of $0.9 million, and an increase in license expenses and professional service expenses of $0.7 million, partially offset by a decrease in depreciation and amortization expense of $0.9 million resulting from certain of our assets becoming fully depreciated or amortized.

Cost of revenues increased by $4.2 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 $3.1 million, driven by additional employees hired to support the growth of our business, an increase in shared cloud platform cost of $1.6 million, and an increase in license expenses and professional service expenses of $1.4 million, partially offset by a decrease in depreciation and amortization expense of $1.9 million resulting from certain of our assets becoming fully depreciated or amortized.

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Research and Development Expenses

Three Months EndedJune 30,ChangeSix Months EndedJune 30,Change20252024$%20252024$%(in thousands, except percentages)(in thousands, except percentages)Research and development$30,249 $27,119 $3,130 12%$59,403 $54,649 $4,754 9%

Research and development expenses increased by $3.1 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 $2.6 million, driven by additional employees hired to support the growth of our business, and an increase in shared cloud platform cost of $0.5 million.

Research and development expenses increased by $4.8 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 $3.9 million, driven by additional employees hired to support the growth of our business, and an increase in shared cloud platform cost of $0.9 million.

Sales and Marketing Expenses

Three Months EndedJune 30,ChangeSix Months EndedJune 30,Change20252024$%20252024$%(in thousands, except percentages)(in thousands, except percentages)Sales and marketing$35,810 $32,146 $3,664 11%$68,470 $61,554 $6,916 11