Company: QLYS
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001107843-25-000031
Chunk: 273

Company: QUALYS, INC.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 2
Chunk 273
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 increase in prepaid expenses primarily driven by the timing of payments.

Investing Activities

During the six months ended June 30, 2025, we used $82.8 million of cash for purchases of marketable securities net of sales and maturities, and used $3.4 million of cash in capital expenditures mainly related to purchases of computer 

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equipment to support our growth and development and leasehold improvements for expansion of our office spaces, as compared to $6.4 million of cash generated from sales and maturities of marketable securities net of purchases, partially offset by $3.1 million of cash used in capital expenditures mainly related to purchases of computer equipment to support our growth and development during the six months ended June 30, 2024.

Financing Activities

During the six months ended June 30, 2025, we used $89.5 million of cash for share repurchases, $15.3 million of cash in payment of employee withholding taxes upon vesting of restricted stock units, partially offset by $5.6 million of proceeds from employee exercise of stock options, and $3.8 million of proceeds from issuance of common stock through our ESPP, as compared to $53.0 million of cash used for share repurchases, and $17.7 million of cash used in payment of employee withholding taxes upon vesting of restricted stock units and $1.5 million payment of cash held in escrow as part of the Blue Hexagon acquisition on October 4, 2022, partially offset by $6.0 million of proceeds from employee exercise of stock options, and $3.6 million of proceeds from issuance of common stock through our ESPP, during the six months ended June 30, 2024.

Material Cash Requirements

We believe our existing cash and cash equivalents, marketable securities and our expected cash flow generated from operations will be sufficient to fund our operations for the next twelve months and beyond. If we repatriate funds from our foreign subsidiaries, we could be subject to foreign withholding taxes.

Operating lease obligations

Our material cash requirements include our operating lease obligations to make payments under our non-cancelable lease agreements for our facilities and shared cloud platforms. We had fixed operating lease payment obligations of $70.7 million as of June 30, 2025, with $12.7 million expected to be paid within the next 12 months.

Purchase Commitments

As of June 30, 2025, other than the changes described above in this section