Company: QLYS
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001107843-25-000031
Chunk: 168

Company: QUALYS, INC.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 168
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 increase of $15.4 million in revenues, 95% was from revenues from customers existing prior to April 1, 2025, and the remaining 5% was from new customers added in the three months ended June 30, 2025. Of the total increase of $15.4 million, 38% was from customers in the United States and the remaining 62% was from customers in foreign countries. Of the total increase of $15.4 million, 23% was from direct customers and the remaining 77% was from partners. In the three months ended June 30, 2025, 51% of total revenue was direct and the remaining 49% was from partners.

Revenues increased by $29.4 million for the six months ended June 30, 2025 compared to the same period in 2024, driven by increased demand for our subscription services by our end customers. Of the total increase of $29.4 million in revenues, 90% was from revenues from customers existing prior to January 1, 2025, and the remaining 10% was from new customers added in the six months ended June 30, 2025. Of the total increase of $29.4 million, 36% was from customers in the United States and the remaining 64% was from customers in foreign countries. Of the total increase of $29.4 million, 17% was from direct customers and the remaining 83% was from partners. In the six months ended June 30, 2025, 51% of total revenue was direct and the remaining 49% was from partners.

With our strong market position driving further demand for our solutions, we expect revenue growth from new and existing customers to continue.

Cost of Revenues

Three Months EndedJune 30,ChangeSix Months EndedJune 30,Change20252024$%20252024$%(in thousands, except percentages)(in thousands, except percentages)Cost of revenues$28,877 $26,415 $2,462 9%$57,803 $53,613 $4,190 8%

Cost of revenues increased by $2.5 million for the three months ended June 30, 2025 compared to the same period in 2024, primarily due to an increase in personnel costs, including stock-based compensation, of $1.8 million, driven by additional employees hired to support the growth of our business, an increase in