Company: QLYS
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001107843-25-000017
Chunk: 138

Company: QUALYS, INC.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 138
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Item 1.                                 Financial Statements

Qualys, Inc.

CONDENSED CONSOLIDATED BALANCE SHEETS

(unaudited)

(in thousands, except per share data)

March 31,2025December 31,2024AssetsCurrent assets:Cash and cash equivalents$290,671 $232,182 Short-term marketable securities150,206 149,241 Accounts receivable, net of allowance of $1,184 and $1,064 as of March 31, 2025 and December 31, 2024, respectively121,563 164,551 Prepaid expenses and other current assets39,506 39,717 Total current assets601,946 585,691 Long-term marketable securities198,990 193,887 Property and equipment, net28,250 30,349 Operating leases - right of use asset41,329 40,968 Deferred tax assets, net86,059 81,307 Intangible assets, net6,172 6,812 Goodwill7,447 7,447 Noncurrent restricted cash1,200 1,200 Other noncurrent assets25,078 25,876 Total assets$996,471 $973,537 Liabilities and Stockholders’ EquityCurrent liabilities:Accounts payable$1,292 $1,270 Accrued liabilities52,921 45,942 Deferred revenues, current366,824 371,457 Operating lease liabilities, current10,991 9,721 Total current liabilities432,028 428,390 Deferred revenues, noncurrent22,073 24,265 Operating lease liabilities, noncurrent37,652 37,500 Other noncurrent liabilities6,683 6,266 Total liabilities498,436 496,421 Commitments and contingencies (Note 8)Stockholders’ equity:Preferred stock: $0.001 par value; 20,000 shares authorized, no shares issued and outstanding as of March 31, 2025 and December 31, 2024— — Common stock: $0.001 par value; 1,000,000 shares authorized, 36,398 and 36,503 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively36 37 Additional paid-in capital677,531 664,879 Accum