科力斯 2025年季度报告

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.o TABLE OF CONTENTS Page Risk Factor Summary PART I – FINANCIAL INFORMATION Item 1.Financial Statements Condensed Consolidated Balance Sheets PART II – OTHER INFORMATION Item 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 3.Defaults upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5.Other InformationItem 6.ExhibitsSignatures RISK FACTOR SUMMARY Our business is subject to significant risks and uncertainties that make an investment in us speculative and risky. Below wesummarize what we believe are the principal risk factors but these risks are not the only ones we face, and you should carefully reviewand consider the full discussion of our risk factors in the section titled "Risk Factors," together with the other information in thisQuarterly Report on Form 10-Q. If any of the following risks actually occurs (or if any of those listed elsewhere in this QuarterlyReport on Form 10-Q occur), our business, reputation, financial condition, results of operations, revenue, and future prospects could •Our quarterly and annual operating results may vary from period to period, which could result in our failure tomeet expectations with respect to operating results and cause the trading price of our stock to decline.•If we do not successfully anticipate market needs and opportunities or are unable to enhance our solutions anddevelop new solutions that meet those needs and opportunities on a timely or cost-effective basis, we may not beable to compete effectively and our business and financial condition may be harmed.•If we fail to continue to effectively scale and adapt our platform to meet the performance and other requirementsof our customers, our operating results and our business would be harmed.•If we are unable to renew existing subscriptions for our IT, security and compliance solutions, sell additionalsubscriptions for our solutions and attract new customers, our operating results would be harmed.•Our current research and development efforts may not produce successful products or enhancements to ourplatform that result in significant revenue, cost savings or other benefits in the near future.•Our platform, products, website and internal systems may be subject to intentional disruption or other securityincidents that could result in liability and adversely impact our reputation and future sales.•Our sales cycle can be long and unpredictable, and our sales efforts require considerable time and expense. As aresult, revenues may vary from period to period, which may cause our operating results to fluctuate and couldharm our business.•Adverse economic conditions or reduced IT spending may adversely impact our business.•Our IT, security and compliance solutions are delivered from 14 shared cloud platforms, and any disruption ofservice at these facilities would interrupt or delay our ability to deliver our solutions to our customers which couldreduce our revenues and harm our operating results.•We face competition in our markets, and we may lack sufficient financial or other resources to maintain orimprove our competitive position.•The sales prices of our solutions are subject to competitive pressures and may decrease, which may reduce ourgross profits and adversely impact our financial results.•If our solutions fail to detect vulnerabilities or incorrectly detect vulnerabilities, our brand and reputation could be •Failure to protect our proprietary technology and intellectual property rights could substantially harm our businessand operating results.•Assertions by third parties of infringement or other violations by us of their intellectual property rights could Table of Contents Qualys, Inc.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS Description of Business and Summary of Significant Accounting Policies NOTE 1. Description of Business Qualys, Inc. (the "Company", "we", "us", "our") was incorporated in the state of Delaware on December 30, 1999. TheCompany is headquartered in Foster City, California and has wholly-owned subsidiaries throughout the world. The Company is aleading provider of cloud-based information technology ("IT"), security and compliance solutions