Company: FSLY
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001517413-25-000111
Chunk: 245

Company: Fastly, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 245
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 and cash equivalents and marketable securities$307,292 $295,882 (1) The Company’s cash equivalents include investments with an original maturity date of three months or less.(2) The Company classifies its marketable securities as current, where it intends to hold the securities for less than 12 months.

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The following table summarizes adjusted cost, gross unrealized gains and losses, and fair value related to cash equivalents and available-for-sale securities on the accompanying condensed consolidated balance sheets as of March 31, 2025 and December 31, 2024:As of March 31, 2025AmortizedCostGrossUnrealizedGainGrossUnrealizedLossFairValue(in thousands)Cash equivalents:Money market funds$60,205 $— $— $60,205 U.S. Treasury securities12,254 — — 12,254 Corporate notes and bonds2,696 — (1)2,695 Commercial paper6,640 — (1)6,639 Municipal Securities1,880 — — 1,880 Marketable securities:U.S. Treasury securities51,706 3 (3)51,706 Corporate notes and bonds62,154 8 (31)62,131 Commercial paper67,585 4 (18)67,571 Certificates of deposit400 — — 400 Total available-for-sale investments$265,520 $15 $(54)$265,481 As of December 31, 2024AmortizedCostGrossUnrealizedGainGrossUnrealizedLossFairValue(in thousands)Cash equivalents:Money market funds$233,224 $— $— $233,224 Marketable securities:Corporate notes and bonds6,005 3 — 6,008 Commercial paper3,699 — — 3,699 Total available-for-sale investments$242,928 $3 $— $242,931 There were no material realized gains or losses from sales of marketable securities that were reclassified out of accumulated other comprehensive income (loss) into other expense, net as of March 31, 2025 and December 31, 2024. For the three months ended March 31, 2025 and 2024, the Company did not record any impairment charges for its marketable debt securities in its condensed consolidated