Company: FSLY
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001517413-25-000218
Chunk: 253

Company: Fastly, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 253
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 contract duration of one year or less. As of June 30, 2025, the Company expects to recognize approximately 72% 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. 

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Costs to obtain a contractAs of June 30, 2025 and December 31, 2024, the Company's costs to obtain contracts were as follows:As of June 30, 2025As of December 31, 2024(in thousands)Deferred contract costs, net$47,932 $52,583 

During the three months ended June 30, 2025 and 2024, the Company recognized $4.8 million and $4.5 million of amortization related to deferred contract costs, respectively. During the six months ended June 30, 2025 and 2024, the Company recognized $9.7 million and $9.1 million of amortization related to deferred contract costs, respectively. These costs are recorded within sales and marketing expenses on the accompanying condensed consolidated statements of operations. 

4.     Investments and Fair Value Measurements

The Company's total cash, cash equivalents and marketable securities consisted of the following:As of June 30, 2025As of December 31, 2024(in thousands)Cash and cash equivalents:Cash$49,796 $52,951 U.S. Treasury securities2,479 — Money market funds25,663 233,224 Municipal securities1,100 — Commercial paper3,449 — Total cash and cash equivalents(1)$82,487 $286,175 Marketable securities:U.S. Treasury securities$82,356 $— Corporate notes and bonds74,156 6,008 Commercial paper80,810 3,699 Certificates of deposit400 — Agency bonds999 — Total marketable securities, current(2)$238,721 $9,707 Total cash and cash equivalents and marketable securities$321,208 $295,882 (1) The Company’s cash equivalents include investments with an original maturity date of three months or less.(2) The Company classifies its marketable securities as current, where it intends to hold the securities for less than 12 months.

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The following table summarizes adjusted cost, gross unrealized