Company: FSLY
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001517413-25-000299
Chunk: 249

Company: Fastly, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 249
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 months ended September 30, 2025 and 2024. As of both September 30, 2025 and December 31, 2024, no customer accounted for more than 10% of the Company's accounts receivable. 

Affiliated customers that are business units of a single company generated an aggregate of 10% of the Company's revenue for the three months ended September 30, 2025 and less than 10% of the Company's revenue for the nine months ended September 30, 2025. Affiliated customers that are business units of a single company in the streaming entertainment space generated an aggregate of less than 10% of the Company's revenue for the three months ended September 30, 2024 and 10% of the Company's revenue for the nine months ended September 30, 2024. No affiliated customers that are business units of a single company accounted for more than 10% of the Company's accounts receivable balance as of September 30, 2025. The same affiliated customers that accounted for 10% of the Company's revenue for the nine months ended September 30, 2024 also accounted for an aggregate of 11% of the Company’s accounts receivable balance as of December 31, 2024. 

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3.     Revenue

Revenue by geography is based on the billing address of the customer. Aside from the United States, no other single country accounted for more than 10% of revenue for both the three and nine months ended September 30, 2025 and 2024. The following table presents the Company’s net revenue by geographic region:Three months ended September 30,Nine months ended September 30,2025202420252024(in thousands)United States$114,168 $104,454 $337,469 $300,921 Asia Pacific21,805 14,609 52,974 51,030 Europe16,520 13,015 45,729 36,364 All other5,730 5,128 15,234 14,782 Total revenue$158,223 $137,206 $451,406 $403,097 The majority of the Company’s revenue is derived from enterprise customers, which are defined as customers with annualized current quarter revenue in excess of $100,000. This is calculated by taking the sum of revenue for each customer within the quarter and multiplying it by four.