Company: FSLY
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001517413-25-000111
Chunk: 249

Company: Fastly, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 249
---
 and networking equipment1,048 743 Other current liabilities6,078 2,053 Total other current liabilities$38,442 $29,307 Accumulated Other Comprehensive LossFor the three months ended March 31, 2025 and 2024, components of accumulated other comprehensive loss, net of taxes, were as follows (in thousands): Foreign Currency Translation Available-for-sale investmentsAccumulated Other Comprehensive Income (Loss)Balance, December 31, 2024$(12)$(88)$(100)Other comprehensive income — (30)(30)Balance, March 31, 2025$(12)$(118)$(130)Foreign Currency Translation Available-for-sale investmentsAccumulated Other Comprehensive Income (Loss)Balance, December 31, 2023$(12)$(996)$(1,008)Other comprehensive income (loss)— 487 487 Balance, March 31, 2024$(12)$(509)$(521)There were no material reclassifications out of accumulated other comprehensive loss during the three months ended March 31, 2025 and 2024. Additionally, there was no material tax impact on the amounts presented.

6.     Leases

The Company has operating leases for corporate offices and data centers (“colocation” leases), and finance leases for networking equipment. The Company’s operating leases have remaining lease terms ranging from less than 1 year to 5 years, some of which include options to extend the leases. The Company’s finance leases have remaining lease terms less than 1 year. The Company also subleases a portion of its corporate office spaces. The Company’s subleases have remaining lease terms ranging from less than 1 year to 5 years. The Company’s sublease income was $0.2 million and $0.4 million for the three months ended March 31, 2025 and 2024, respectively. 

18

The components of lease cost were as follows:Three months ended March 31,20252024(in thousands)Operating lease costs:Operating lease cost$6,582 $6,606 Variable lease cost4,973 4,247 Total operating lease costs$11,555 $10,853 Finance lease costs:Amortization of assets under finance lease$3,018 $3,595 Interest12 162 Total finance lease costs$3,030 $3,757 The short-term lease costs were not material for either