Company: FSLY
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001517413-25-000299
Chunk: 256

Company: Fastly, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 256
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 and December 31, 2024, the unamortized balance of capitalized internal-use software costs on the Company’s condensed consolidated balance sheets was approximately $82.1 million and $79.5 million, respectively. Other AssetsOther assets consisted of the following:As of September 30, 2025As of December 31, 2024(in thousands)Deferred contract costs, net$47,173 $52,583 Advance payment for purchase of property and equipment— 9,837 Other assets9,288 5,982 Total other assets$56,461 $68,402 

19

Accrued ExpensesAccrued expenses consisted of the following:As of September 30, 2025As of December 31, 2024(in thousands)Accrued compensation and related benefits$36,084 $19,266 Accrued colocation and bandwidth costs16,243 15,317 Other tax liabilities4,548 4,266 Other accrued expenses3,546 2,773 Total accrued expenses$60,421 $41,622 Other Current LiabilitiesOther current liabilities consisted of the following:As of September 30, 2025As of December 31, 2024(in thousands)Deferred revenue$34,640 $26,511 Accrued computer and networking equipment1,633 743 Other current liabilities9,484 2,053 Total other current liabilities$45,757 $29,307 

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 9 years, some of which include options to extend the leases. During the nine months ended September 30, 2025, the Company extended the lease term of its corporate headquarters to July of 2034. 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 September 30, 2025 and 2024, respectively. The Company’s sublease income was $0.6 million and $1.1 million for the nine months ended September 30, 2025