Company: QLYS
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001107843-25-000031
Chunk: 136

Company: QUALYS, INC.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 136
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 part of these Condensed Consolidated Financial Statements.

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Table of Contents

Qualys, Inc.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(unaudited)

(in thousands)

Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024Net income$47,290 $43,772 $94,824 $83,503 Other comprehensive income (loss), net of taxNet change in unrealized gains (losses) on available-for-sale debt securities, net of tax(29)(221)267 (628)Net change in unrealized gains (losses) on cash flow hedges, net of tax(4,193)694 (5,770)1,798 Other comprehensive income (loss), net of tax(4,222)473 (5,503)1,170 Comprehensive income$43,068 $44,245 $89,321 $84,673 

The accompanying notes are an integral part of these Condensed Consolidated Financial Statements.

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Qualys, Inc.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited)

(in thousands)

Six Months EndedJune 30,20252024Cash flow from operating activities:Net income$94,824 $83,503 Adjustments to reconcile net income to net cash provided by operating activities:  Depreciation and amortization expense8,155 10,019 Provision for credit losses850 277 Stock-based compensation, net of amounts capitalized36,866 36,117 Accretion of discount on marketable securities, net(2,008)(3,520)Deferred income taxes(8,605)(8,165)Changes in operating assets and liabilities:  Accounts receivable35,026 36,365 Prepaid expenses and other assets(4,609)(4,489)Accounts payable699 229 Accrued liabilities and other noncurrent liabilities3,683 (3,215)Deferred revenues(21,522)(11,792)Net cash provided by operating activities143,359 135,329 Cash flow from investing activities:Purchases of marketable securities(183,545)(191,812)Sales and maturities of marketable securities100,770 198,250 Purchases of property and equipment(3,365)(3,077)Net cash provided by (