Company: QLYS
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001107843-25-000017
Chunk: 150

Company: QUALYS, INC.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 150
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 foreign currency transactions in other income (expense), net in the condensed consolidated statements of operations:Three Months EndedMarch 31,20252024(in thousands)Net gains (losses) from non-designated forward contracts$(1,617)$512 Other foreign currency transactions gains (losses)1,877 (1,941)Total foreign exchange gains (losses), net$260 $(1,429)

NOTE 3.                              Accumulated Other Comprehensive Income (Loss)

The components and changes in accumulated other comprehensive income (loss) for the three months ended March 31, 2025 and 2024 were as follows:Available-for-Sale Debt SecuritiesCash Flow HedgesTotal(in thousands)Balances at December 31, 2024$391 $1,026 $1,417 Change in unrealized gains (losses) during the period366 (2,230)(1,864)Amount reclassified into income during the period20 170 190 Tax effect(90)483 393 Net change during the period296 (1,577)(1,281)Balances at March 31, 2025$687 $(551)$136 Balances at December 31, 2023$108 $(1,812)$(1,704)Change in unrealized gains (losses) during the period(436)1,222 786 Amount reclassified into income during the period— 218 218 Tax effect29 (336)(307)Net change during the period(407)1,104 697 Balances at March 31, 2024$(299)$(708)$(1,007)

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The effects on income before income taxes of amounts reclassified from AOCI to the condensed consolidated statements of operations were as follows:Three Months EndedMarch 31,20252024(in thousands)Reclassification of AOCI - Cash flow hedgesRevenues$179 $(279)Cost of revenues(82)15 Research and development(217)37 Sales and marketing(20)3 General and administrative(30)6 Total$(170)$(218)The Company reclassified an immaterial amount from AOCI to other income (expense), net related to available-for-sale debt securities during the three months ended March 31, 2025 and none during the same period in 2024.

NOTE 4.                              Property and