Company: QLYS
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001107843-25-000031
Chunk: 269

Company: QUALYS, INC.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 2
Chunk 269
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 costs, including stock-based compensation, of $2.8 million, primarily driven by increase in incentive compensation compared to the same period in 2024, and an increase in license expenses and professional service expenses of $0.5 million, partially offset by a decrease in overhead allocations of $0.5 million.

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General and administrative expenses increased by $3.3 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 $3.4 million, primarily driven by increase in headcount and increase in incentive compensation compared to the same period in 2024, an increase in license expenses and professional service expenses of $0.7 million, and an increase in depreciation of $0.5 million due to office renovations, partially offset by a decrease in overhead allocations of $1.3 million.

Total other income, net

Three Months EndedJune 30,ChangeSix Months EndedJune 30,Change20252024$%20252024$%(in thousands, except percentages)(in thousands, except percentages)Total other income, net$7,406 $6,116 $1,290 21 %$13,958 $10,840 $3,118 29 %

Total other income, net increased by $1.3 million for the three months ended June 30, 2025, compared to the same periods in 2024, primarily due to favorable changes in foreign currency of $1.6 million, partially offset by a decrease in interest income of $0.3 million.

Total other income, net increased by $3.1 million for the six months ended June 30, 2025, compared to the same periods in 2024, primarily due to favorable changes in foreign currency of $3.3 million, partially offset by a decrease in interest income of $0.2 million.

Income tax provision

Three Months EndedJune 30,ChangeSix Months EndedJune 30,Change20252024$%20252024$%(in thousands, except percentages)(in thousands, except percentages)Income tax provision$11,523 $10,412 $1,111 11%$22,296 $20,166 $2,130 11%

Income tax provision increased by $1.1 million for the three months ended June 30, 2025 compared to the same period in 202