Company: QLYS
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001107843-25-000031
Chunk: 142

Company: QUALYS, INC.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 142
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 2 inputs. Level 1 assets include a highly liquid money market fund, which is valued using unadjusted quoted prices that are available in an active market for an identical asset. Level 2 assets include fixed-income U.S. Treasury and government agency securities, commercial paper, corporate bonds, asset-backed securities and derivative financial instruments consisting of foreign currency forward contracts. The securities, bonds and commercial paper are valued using prices from independent pricing services based on quoted prices of identical instruments in less active or inactive markets, quoted prices of similar instruments in active markets, or industry models using data inputs such as interest rates and prices that can be directly observed or corroborated in active markets. The foreign currency forward contracts are valued using observable inputs, such as quotations on forward foreign exchange points and foreign interest rates.

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The following table sets forth by level within the fair value hierarchy the fair value of the Company's financial assets and liabilities measured at fair value on a recurring basis:June 30, 2025Level 1Level 2Fair Value(in thousands)Money market funds$580 $— $580 U.S. Treasury and government agencies— 318,366 318,366 Corporate bonds— 146,391 146,391 Asset-backed securities— 2,907 2,907 Foreign currency forward contracts— 193 193 Total assets$580 $467,857 $468,437 Foreign currency forward contracts$— $6,636 $6,636 Total liabilities$— $6,636 $6,636 December 31, 2024Level 1Level 2Fair Value(in thousands)Money market funds$404 $— $404 Commercial paper— 6,443 6,443 U.S. Treasury and government agencies— 233,279 233,279 Corporate bonds— 131,812 131,812 Asset-backed securities— 7,520 7,520 Foreign currency forward contracts— 2,575 2,575 Total assets$404 $381,629 $382,033 Foreign currency forward contracts$— $1,339 $1,339 Total liabilities$— $1,339 $1,339 There were no transfers between Level 1, Level 2 and Level 3 categories during the three and six months ended June 30, 2025 and 2024.

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Cash equivalent and investmentsThe Company's cash