Qualys, Inc.

Filing receipts

“In addition, we also generated $18.2 million of cash from changes in working capital during the three months ended March 31, 2026, of which $27.8 million was related to a net favorable change in accounts receivable and deferred revenue due to the timing of billings and collections, partially offset by an $9.6 million net unfavorable change in prepaid expenses and payables and accrued liabilities primarily due to the timing of payments.”

“During the three months ended March 31, 2025, we generated $44.3 million of cash from changes in working capital, of which $36.0 million was attributed to a net favorable change in accounts receivable and deferred revenue due to the timing of collections and billings, and a $8.3 million net favorable change in payables and accrued liabilities primarily driven by the timing of payments.”

“Cost of Revenues Three Months Ended March 31, Change 2026 2025 $ % (in thousands, except percentages) Cost of revenues $ 29,990 $ 28,926 $ 1,064 4 % Cost of revenues increased by $1.1 million for the three months ended March 31, 2026 compared to the same period in 2025, primarily due to an increase in personnel costs of $0.9 million, driven by additional employees hired to support the growth of our business, an impairment of our property and equipment of $0.6 million, an increase in shared cloud platform cost of $0.2 million, partially offset by a decrease in depreciation and amortization expense of $0.6 million resulting from certain of our assets that became fully depreciated or amortized.”