Company: FSLY
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001517413-25-000218
Chunk: 300

Company: Fastly, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 300
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 the six months ended June 30, 2024, an increase of $6.3 million, or 9%. The increase was primarily due to a $4.4 million decrease in capitalized software development costs, a $2.3 million increase in stock-based compensation expenses and a $1.2 million increase in software costs. The increase was partially offset by a $0.8 million decrease in personnel-related costs, a $0.3 million decrease in write-offs of internal-use software and a $0.2 million decrease in professional service fees.

Sales and marketing

Sales and marketing expenses were $51.1 million for the three months ended June 30, 2025 compared to $53.0 million for the three months ended June 30, 2024, a decrease of $1.9 million, or 4%. The decrease was primarily due to a $2.5 million decrease in personnel-related costs including commission expense. The decrease was partially offset by a $1.1 million increase in stock-based compensation expenses.

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Sales and marketing expenses were $100.4 million for the six months ended June 30, 2025 compared to $102.6 million for the six months ended June 30, 2024, a decrease of $2.2 million, or 2%. The decrease was primarily due to a $2.5 million decrease in personnel-related costs including commission expense, as well as a $0.3 million decrease in third-party commissions costs. The decrease was partially offset by a $0.9 million increase in travel and entertainment expenses.

General and administrative

General and administrative costs were $24.3 million for the three months ended June 30, 2025 compared to $28.4 million for the three months ended June 30, 2024, a decrease of $4.1 million, or 14%. The decrease was primarily due to a $5.2 million decrease in stock-based compensation expenses as well as a $0.6 million decrease in personnel-related costs. The decrease was partially offset by a $1.1 million increase in professional services fees as well as a $0.6 million increase in credit losses.

General and administrative costs were $52.6 million for the six months ended June 30, 2025 compared to $60.1 million for the six months ended June 30, 2024, a decrease of $7.5 million, or 13%. The decrease was primarily due to a $8