Company: FSLY
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001517413-25-000111
Chunk: 237

Company: Fastly, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 237
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(unaudited)

Three months endedMarch 31,20252024Revenue$144,474 $133,520 Cost of revenue67,676 60,286 Gross profit76,798 73,234 Operating expenses:Research and development37,429 38,248 Sales and marketing49,313 49,607 General and administrative28,235 31,639 Total operating expenses114,977 119,494 Loss from operations(38,179)(46,260)Interest income2,975 3,848 Interest expense(3,173)(579)Other expense, net(80)(89)Loss before income tax expense(38,457)(43,080)Income tax expense 691 347 Net loss$(39,148)$(43,427)Net loss per share attributable to common stockholders, basic and diluted$(0.27)$(0.32)Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted143,284 134,587 

The accompanying notes are an integral part of the condensed consolidated financial statements.

6

FASTLY, INC.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

(in thousands)

(unaudited)

Three months endedMarch 31,20252024Net loss$(39,148)$(43,427)Other comprehensive income:Unrealized gain (loss) on investments in available-for-sale-securities(30)487 Total other comprehensive income (loss)$(30)$487 Comprehensive loss$(39,178)$(42,940)

The accompanying notes are an integral part of the condensed consolidated financial statements.

7

FASTLY, INC.

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY

(in thousands; unaudited)

Three months ended March 31, 2025Common StockAdditional Paid-in CapitalAccumulated Other Comprehensive LossAccumulated DeficitTotal Stockholders’ EquitySharesAmountBalance at December 31, 2024142,086 $3 $1,958,157 $(100)$(992,810)$965,250 Exercise of vested stock options168 — 408 — — 408 Vesting of restricted stock units1,481 — — — — — Shares issued under bonus program951 — 6,898 — — 6,898 Stock-based compensation—