Company: FSLY
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001517413-25-000218
Chunk: 314

Company: Fastly, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 314
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 for more than 10% of the Company's accounts receivable. As of December 31, 2024, no customer accounted for more than 10% of the Company's accounts receivable. Affiliated customers that are business units of a single company generated an aggregate of 10% of the Company's revenue for the three months ended June 30, 2025. No affiliated customers that are business units of a single company generated more than 10% of the Company's revenue for the six months ended June 30, 2025. Affiliated customers that are business units of a single company in the streaming entertainment space generated an aggregate of 11% of the Company's revenue for both the three and six months ended June 30, 2024. The same affiliated customers accounted for an aggregate of 11% of the Company’s accounts receivable balance as of December 31, 2024. No affiliated customers that are business units of a single company accounted for more than 10% of the Company's accounts receivable balance as of June 30, 2025. 

3.     Revenue

Revenue by geography is based on the billing address of the customer. Aside from the United States, no other single country accounted for more than 10% of revenue for both the three and six months ended June 30, 2025 and 2024. The following table presents the Company’s net revenue by geographic region:Three months ended June 30,Six months ended June 30,2025202420252024(in thousands)United States$112,770 $97,968 $221,541 $196,466 Asia Pacific16,086 17,322 31,634 36,421 Europe15,220 12,103 30,156 23,349 All other4,633 4,978 9,852 9,655 Total revenue$148,709 $132,371 $293,183 $265,891 The majority of the Company’s revenue is derived from enterprise customers, which are defined as customers with annualized current quarter revenue in excess of $100,000. This is calculated by taking the sum of revenue for each customer within the quarter and multiplying it by four. The following table presents the Company's net revenue for enterprise and non-enterprise customers:Three months ended June 30,Six months ended June 30,2025202420252024(in thousands)Enterprise customers$139