Company: FSLY
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001517413-25-000218
Chunk: 254

Company: Fastly, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 254
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 gains and losses, and fair value related to cash equivalents and available-for-sale securities on the accompanying condensed consolidated balance sheets as of June 30, 2025 and December 31, 2024:As of June 30, 2025AmortizedCostGrossUnrealizedGainGrossUnrealizedLossFairValue(in thousands)Cash equivalents:Money market funds$25,663 $— $— $25,663 U.S. Treasury securities2,479 — — 2,479 Commercial paper3,449 — — 3,449 Municipal Securities1,100 — — 1,100 Marketable securities:U.S. Treasury securities82,385 2 (31)82,356 Corporate notes and bonds74,182 2 (28)74,156 Commercial paper80,841 1 (32)80,810 Certificates of deposit400 — — 400 Agency bond999 — — 999 Total available-for-sale investments$271,498 $5 $(91)$271,412 As of December 31, 2024AmortizedCostGrossUnrealizedGainGrossUnrealizedLossFairValue(in thousands)Cash equivalents:Money market funds$233,224 $— $— $233,224 Marketable securities:Corporate notes and bonds6,005 3 — 6,008 Commercial paper3,699 — — 3,699 Total available-for-sale investments$242,928 $3 $— $242,931 There were no material realized gains or losses from sales of marketable securities that were reclassified out of accumulated other comprehensive loss into other income (expense), net as of June 30, 2025 and December 31, 2024. For the three and six months ended June 30, 2025 and 2024, the Company did not record any impairment charges for its marketable debt securities in its condensed consolidated statements of operations. No impairment loss has been recorded on the securities as the Company does not intend to sell any impaired securities, nor is it more likely than not that the Company would be required to sell impaired securities before recovery of amortized cost basis.Fair Value of Financial InstrumentsFor certain of the Company's financial instruments, including cash held in banks, accounts receivable, and accounts payable, the carrying amounts approximate fair value