Company: FSLY
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001517413-25-000218
Chunk: 252

Company: Fastly, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 252
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 55,702 49,968 Other4,565 2,845 9,375 5,769 Total revenue$148,709 $132,371 $293,183 $265,891 Contract balancesThe timing of revenue recognition may differ from the timing of invoicing to customers. The Company has an unconditional right to consideration when it invoices its customers and records a receivable. The Company records a contract asset, or unbilled receivable, when revenue is recognized prior to invoicing. The Company records a contract liability, or deferred revenue, when a contract is billed in advance of revenue being recognized.Deferred revenue pertains to amounts billed to customers for which revenue has not been recognized, which primarily consists of the unearned portions of billings for the Company’s security subscription services and the unearned portion of edge cloud platform usage. Amounts that have been invoiced for annual subscriptions, but not collected, are recorded in accounts receivable and in unearned revenue or in revenue depending on whether services have been delivered to the customer. The Company’s payment terms and conditions vary by contract type, and generally range from 30 to 90 days. The following table presents the Company’s contract assets and contract liabilities as of June 30, 2025 and as of December 31, 2024:As of June 30, 2025As of December 31, 2024(in thousands)Contract assets$2,042 $1,072 Contract liabilities$41,546 $29,585 The following table presents revenue recognized during the three and six months ended June 30, 2025 and 2024 from amounts included in the contract liability at the beginning of the period:Three months ended June 30,Six months ended June 30,2025202420252024(in thousands)Revenue recognized in the period from amounts included in contract liability at the beginning of the period$13,473 $14,254 $20,696 $23,652 Remaining performance obligationsAs of June 30, 2025, the aggregate amount of the transaction price in our contracts allocated to remaining performance obligations that are unsatisfied or partially unsatisfied was $315.1 million. This amount includes future committed revenue for periods within current contracts with customers, as well as deferred revenue arising from consideration invoiced for which the related performance obligations have not been satisfied. The Company has elected to not provide certain information about its remaining performance obligations for service contracts with an original