Company: FSLY
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001517413-25-000218
Chunk: 257

Company: Fastly, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 257
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30, 2025. Depreciation on property and equipment for the three months ended June 30, 2025 and 2024 was approximately $15.0 million and $13.3 million, respectively. Included in these amounts was amortization expense for capitalized internal-use software costs of approximately $5.4 million and $4.0 million for the three months ended June 30, 2025 and 2024, respectively. Depreciation on property and equipment for the six months ended June 30, 2025 and 2024 was approximately $30.1 million and $26.6 million, respectively. Included in these amounts was amortization expense for capitalized internal-use software costs of approximately $11.0 million and $7.9 million for the six months ended June 30, 2025 and 2024, respectively. As of June 30, 2025 and December 31, 2024, the unamortized balance of capitalized internal-use software costs on the Company’s condensed consolidated balance sheets was approximately $81.1 million and $79.5 million, respectively. The Company leases certain networking equipment from various third parties through equipment finance leases. The Company’s networking equipment assets as of both June 30, 2025 and December 31, 2024 included a total of $73.2 million acquired under finance lease agreements. These leases are capitalized in property and equipment, and the related amortization of assets under finance leases is included in depreciation and amortization expense. The accumulated depreciation of the associated networking equipment assets under finance leases totaled $58.2 million and $52.2 million as of June 30, 2025 and December 31, 2024, respectively.

18

Other AssetsOther assets consisted of the following:As of June 30, 2025As of December 31, 2024(in thousands)Deferred contract costs, net$47,932 $52,583 Advance payment for purchase of property and equipment2,700 9,837 Other assets8,941 5,982 Total other assets$59,573 $68,402 Accrued ExpensesAccrued expenses consisted of the following:As of June 30, 2025As of December 31, 2024(in thousands)Accrued compensation and related benefits$9,505 $12,700 Accrued bonus12,247 6,566 Accru