Company: FSLY
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001517413-25-000111
Chunk: 236

Company: Fastly, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 236
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Item 1. Financial Statements

FASTLY, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

(unaudited)

As of March 31, 2025As of December 31, 2024ASSETSCurrent assets:Cash and cash equivalents$125,484 $286,175 Marketable securities, current181,808 9,707 Accounts receivable, net of allowance for credit losses of $8,078 and $8,254 as of March 31, 2025 and December 31, 2024, respectively119,035 115,988 Prepaid expenses and other current assets26,243 28,325 Total current assets452,570 440,195 Property and equipment, net177,876 179,097 Operating lease right-of-use assets, net48,802 50,433 Goodwill670,356 670,356 Intangible assets, net37,976 42,876 Other assets61,665 68,402 Total assets$1,449,245 $1,451,359 LIABILITIES AND STOCKHOLDERS’ EQUITYCurrent liabilities:Accounts payable$9,802 $6,044 Accrued expenses37,165 41,622 Current debt187,871 — Finance lease liabilities, current617 2,328 Operating lease liabilities, current26,988 25,155 Other current liabilities38,442 29,307 Total current liabilities300,885 104,456 Long-term debt149,874 337,614 Operating lease liabilities, non-current36,615 39,561 Other long-term liabilities4,848 4,478 Total liabilities492,222 486,109 Commitments and contingencies (Note 9)Stockholders’ equity:Common stock3 3 Additional paid-in capital1,989,108 1,958,157 Accumulated other comprehensive loss(130)(100)Accumulated deficit(1,031,958)(992,810)Total stockholders’ equity 957,023 965,250 Total liabilities and stockholders’ equity $1,449,245 $1,451,359 

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

5

 FASTLY, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share data)