Company: QLYS
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001107843-25-000017
Chunk: 145

Company: QUALYS, INC.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 145
---
 from independent pricing services based on quoted prices of identical instruments in less active or inactive markets, quoted prices of similar instruments in active markets, or industry models using data inputs such as interest rates and prices that can be directly observed or corroborated in active markets. The foreign currency forward contracts are valued using observable inputs, such as quotations on forward foreign exchange points and foreign interest rates.

10

The following table sets forth by level within the fair value hierarchy the fair value of the Company's financial assets and liabilities measured at fair value on a recurring basis:March 31, 2025Level 1Level 2Fair Value(in thousands)Money market funds$508 $— $508 Commercial paper— 1,992 1,992 U.S. Treasury and government agencies— 254,985 254,985 Corporate bonds— 140,742 140,742 Asset-backed securities— 5,640 5,640 Foreign currency forward contracts— 555 555 Total assets$508 $403,914 $404,422 Foreign currency forward contracts$— $2,173 $2,173 Total liabilities$— $2,173 $2,173 December 31, 2024Level 1Level 2Fair Value(in thousands)Money market funds$404 $— $404 Commercial paper— 6,443 6,443 U.S. Treasury and government agencies— 233,279 233,279 Corporate bonds— 131,812 131,812 Asset-backed securities— 7,520 7,520 Foreign currency forward contracts— 2,575 2,575 Total assets$404 $381,629 $382,033 Foreign currency forward contracts$— $1,339 $1,339 Total liabilities$— $1,339 $1,339 There were no transfers between Level 1, Level 2 and Level 3 categories during the three months ended March 31, 2025 and 2024.

11

Cash equivalent and investmentsThe Company's cash equivalents and marketable securities consist of the following:March 31, 2025Amortized CostUnrealized GainsUnrealized LossesFair Value(in thousands)Cash equivalents: (1)Money market funds$508 $— $— $508 U.S. Treasury and government agencies54,166 — (3)