Company: QLYS
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001107843-25-000017
Chunk: 185

Company: QUALYS, INC.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 8
Chunk 185
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)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)

15

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 Equipment, Net

Property and equipment, net, consists of the following: March 31,2025December 31,2024(in thousands)Computer equipment$188,413 $187,281 Computer software26,237 26,229 Leasehold improvements23,