Company: FSLY
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001517413-25-000299
Chunk: 251

Company: Fastly, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 251
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 to 90 days. The following table presents the Company’s contract assets and contract liabilities as of September 30, 2025 and as of December 31, 2024:As of September 30, 2025As of December 31, 2024(in thousands)Contract assets$833 $1,072 Contract liabilities$39,994 $29,585 The following table presents revenue recognized during the three and nine months ended September 30, 2025 and 2024 from amounts included in the contract liability at the beginning of the period:Three months ended September 30,Nine months ended September 30,2025202420252024(in thousands)Revenue recognized in the period from amounts included in contract liability at the beginning of the period$16,249 $14,748 $25,741 $30,149 Remaining Performance Obligations (“RPO”)Revenue allocated to remaining performance obligations represents deferred revenue and amounts that were and will be invoiced and recognized as revenue in future periods for non-cancelable subscription arrangements and usage commitments. The Company’s RPO excludes performance obligations from on-demand arrangements when there are no minimum purchase commitments associated with these arrangements.As of September 30, 2025, the aggregate amount of the transaction price in our contracts allocated to remaining performance obligations that are unsatisfied or partially unsatisfied was $268.0 million. This amount includes future committed revenue for periods within current contracts with customers, as well as deferred revenue arising from consideration invoiced for which the related performance obligations have not been satisfied. As of September 30, 2025, the Company expects to recognize approximately 77% of its remaining performance obligations over the next 12 months. The Company’s typical contractual term with its customers is one year, although terms may vary by contract. Costs to Obtain a ContractAs of September 30, 2025 and December 31, 2024, the Company's costs to obtain contracts were as follows:As of September 30, 2025As of December 31, 2024(in thousands)Deferred contract costs, net$47,173 $52,583 

During the three months ended September 30, 2025 and 2024, the Company recognized $4.9 million and $4.8 million of amortization related to deferred contract costs, respectively. During the nine months ended September 30, 2025 and 2024, the Company recognized $14.6 million and