Company: FSLY
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001517413-25-000111
Chunk: 284

Company: Fastly, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 284
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 (1)%General and administrative28,235 31,639 (11)%Total operating expenses$114,977 $119,494 (4)%Percentage of revenue:Research and development26 %29 %(3)%Sales and marketing34 %37 %(3)%General and administrative20 %24 %(4)%

40

Research and development

Research and development expenses were $37.4 million for the three months ended March 31, 2025 compared to $38.2 million for the three months ended March 31, 2024, a decrease of $0.8 million, or 2%. The decrease is primarily due to a $1.4 million decrease in stock-based compensation expenses and a $1.4 million decrease in personnel-related costs. The decrease was partially offset by a $1.9 million decrease in capitalized software development costs.

Sales and marketing

Sales and marketing expenses were $49.3 million for the three months ended March 31, 2025 compared to $49.6 million for the three months ended March 31, 2024, a decrease of $0.3 million, or 1%. The decrease is primarily due to $1.2 million decrease in stock-based compensation expenses as well as a $1.2 million decrease in salary expenses partially offset by a $1.2 million increase in commission expenses and a $0.9 million increase in travel and entertainment expenses.

General and administrative

General and administrative costs were $28.2 million for the three months ended March 31, 2025 compared to $31.6 million for the three months ended March 31, 2024, a decrease of $3.4 million, or 11%. The decrease was primarily due to a $2.8 million decrease in stock-based compensation expenses, as well as a $1.3 million decrease in personnel-related costs. The decrease was partially offset by a $0.7 million increase in professional services fees.

Other Income and Expense

Interest income

Three months ended March 31,20252024% Change(in thousands)Interest income$2,975 $3,848 (23)%

Interest income was $3.0 million for the three months ended March 31, 2025 compared to $3.8 million for the three months ended March 31, 2024, a decrease of $0.8 million, or 23%. This decrease was primarily driven by a decrease