Company: FSLY
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001517413-25-000111
Chunk: 323

Company: Fastly, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 8
Chunk 323
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 diluted143,284 134,587 Net loss per share attributable to common stockholders, basic and diluted$(0.27)$(0.32)

29

The following securities were excluded from the computation of diluted net loss per share of common stock for the periods presented as their effect would have been antidilutive:Number of SharesAs of March 31,20252024(in thousands)Stock options1,984 2,639 RSUs12,135 11,076 PSUs1,384 1,216 MPSUs1,313 1,313 rTSR PSUs272 — Shares issuable pursuant to the ESPP84 550 Convertible senior notes (if-converted)9,433 3,370 Total26,605 20,164 The dilution table above excludes RSUs to be awarded under the Company’s 2025 Bonus Program, which is expected to have an impact on its outstanding awards in the first quarter of 2026. Refer to Note 10 — Stockholders' Equity for further details on the Company’s 2025 Bonus Program.

12.     Income Taxes 

The Company’s provision for income taxes for interim periods is determined using an estimate of its annual effective tax rate, adjusted for discrete items, if any, that arise during the period. Each quarter, the Company updates its estimate of the annual effective tax rate, and if the estimated annual effective tax rate changes, the Company makes a cumulative adjustment in such period. The Company continues to maintain a full valuation allowance on the Company’s U.S. Federal and state net deferred tax assets. The tax expense for the three months ended March 31, 2025 and 2024 was primarily due to foreign tax expense. In the three months ended March 31, 2025 and 2024, the Company recorded income tax expense of $0.7 million and $0.3 million, respectively.

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