Company: FSLY
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001517413-25-000111
Chunk: 247

Company: Fastly, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 247
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,639 — 6,639 Municipal securities— 1,880 — 1,880 Corporate notes and bonds— 2,695 — 2,695 Total cash equivalents60,205 23,468 — 83,673 Marketable securities:U.S. Treasury securities— 51,706 — 51,706 Corporate notes and bonds— 62,131 — 62,131 Commercial paper— 67,571 — 67,571 Certificates of deposit400 — — 400 Total marketable securities400 181,408 — 181,808 Total financial assets$60,605 $204,876 $— $265,481 As of December 31, 2024Level 1Level 2Level 3Total(in thousands)Cash equivalents:Money market funds$233,224 $— $— $233,224 Total cash equivalents233,224 — — 233,224 Marketable securities:Corporate notes and bonds— 6,008 — 6,008 Commercial paper— 3,699 — 3,699 Total marketable securities— 9,707 — 9,707 Total financial assets$233,224 $9,707 $— $242,931 

16

The Company had no restricted cash as of either March 31, 2025 and December 31, 2024. There were no transfers of assets and liabilities measured at fair value between Level 1 and Level 2, or between Level 2 and Level 3, during the three months ended March 31, 2025 and 2024.

5.     Balance Sheet Information

Property and Equipment, NetProperty and equipment, net consisted of the following:As of March 31, 2025As of December 31, 2024(in thousands)Computer and networking equipment$244,466 $237,148 Leasehold improvements8,181 8,139 Furniture and fixtures2,211 2,153 Office equipment1,219 1,218 Internal-use software130,223 123,849 Property and equipment, gross$386,300 $372,507 Accumulated depreciation and amortization(208,424)(193,410)Property and equipment, net$177,876 $179,097