Company: FSLY
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001517413-25-000299
Chunk: 317

Company: Fastly, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 317
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 deposit— 2,189 — 2,189 Agency bonds— 1,000 — 1,000 Total marketable securities— 229,780 — 229,780 Total financial assets$26,133 $245,007 $— $271,140 As of December 31, 2024Level 1Level 2Level 3Total(in thousands)Cash equivalents:Money market funds$233,224 $— $— $233,224 Total cash equivalents233,224 — — 233,224 Marketable securities:Corporate notes and bonds— 6,008 — 6,008 Commercial paper— 3,699 — 3,699 Total marketable securities— 9,707 — 9,707 Total financial assets$233,224 $9,707 $— $242,931 

18

The Company had no restricted cash as of either September 30, 2025 and December 31, 2024. There were no transfers of assets and liabilities measured at fair value between Level 1 and Level 2, or between Level 2 and Level 3, during the three and nine months ended September 30, 2025 and 2024.

5.     Balance Sheet Information

Property and Equipment, NetProperty and equipment, net consisted of the following:As of September 30, 2025As of December 31, 2024(in thousands)Computer and networking equipment$264,717 $237,148 Leasehold improvements8,181 8,139 Furniture and fixtures2,430 2,153 Office equipment1,232 1,218 Internal-use software143,328 123,849 Property and equipment, gross$419,888 $372,507 Accumulated depreciation and amortization(236,992)(193,410)Property and equipment, net$182,896 $179,097 The Company did not recognize any material impairment for either of the three and nine months ended September 30, 2025. During the three months ended September 30, 2024, the Company recognized an impairment charge of $0.6 million related to equipment deemed no longer usable in its planned future network. During the nine months ended September 30, 2024, the Company recognized an impairment charge of $2.4 million