Company: FSLY
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001517413-25-000218
Chunk: 280

Company: Fastly, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 280
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 the three and six months ended June 30, 2025 and 2024 was primarily due to foreign tax expense. In the three months ended June 30, 2025 and 2024, the Company recorded income tax expense of $0.6 million and $0.7 million, respectively. In the six months ended June 30, 2025 and 2024, the Company recorded income tax expense of $1.2 million and $1.0 million, respectively.

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13.     Segment and Geographic Information 

Segment The Company operates as one single operating and reportable segment. The Chief Operating Decision Maker is the Company's Chief Executive Officer, who reviews financial information presented on a consolidated basis, accompanied by disaggregated information about its revenue, for purposes of making operating decisions, assessing financial performance and allocating resources.Net loss is the Company's primary measure of profit or loss, and all costs and expense categories on the Company's condensed consolidated statements of operations, as well as stock-based compensation, depreciation and amortization expenses, are significant. Refer to Note 10 — Stockholders' Equity for additional information about the Company's stock-based compensation expense. Refer to Note 5 — Balance Sheet Information for additional information about the Company's depreciation and amortization expenses. The Company's other segment items include interest income, interest expense, other expense, and net and income tax expense on the Company's condensed consolidated statements of operations. RevenueRevenue by geography is based on the billing address of the customer. Refer to Note 3—Revenue for more information on net revenue by geographic area.Long-Lived AssetsThe Company’s property and equipment and operating lease right-of-use assets, each net, by geographic area were as follows:As of June 30, 2025As of December 31, 2024(in thousands)United States$171,022 $169,285 All other countries64,749 60,245 Total long-lived assets$235,771 $229,530 

14.     Subsequent Events

On August 6, 2025, the Company announced that it had appointed Richard Wong as Chief Financial Officer, effective as of August 11, 2025 (the “CFO Transition Date”). The Company has hired Mr. Wong as Senior Advisor to the Chief Executive Officer, effective as of August 7, 2025, and Mr. Wong will serve in that role until the CFO Transition Date. In connection with Mr. Wong’s