Company: FSLY
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001517413-25-000299
Chunk: 314

Company: Fastly, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 314
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 the related performance obligations have not been satisfied. As of September 30, 2025, the Company expects to recognize approximately 77% of its remaining performance obligations over the next 12 months. The Company’s typical contractual term with its customers is one year, although terms may vary by contract. Costs to Obtain a ContractAs of September 30, 2025 and December 31, 2024, the Company's costs to obtain contracts were as follows:As of September 30, 2025As of December 31, 2024(in thousands)Deferred contract costs, net$47,173 $52,583 

During the three months ended September 30, 2025 and 2024, the Company recognized $4.9 million and $4.8 million of amortization related to deferred contract costs, respectively. During the nine months ended September 30, 2025 and 2024, the Company recognized $14.6 million and $13.9 million of amortization related to deferred contract costs, respectively. These costs are recorded within sales and marketing expenses on the accompanying condensed consolidated statements of operations. 

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4.     Investments and Fair Value Measurements

The Company's total cash, cash equivalents and marketable securities consisted of the following:As of September 30, 2025As of December 31, 2024(in thousands)Cash and cash equivalents:Cash$71,771 $52,951 U.S. Treasury securities998 — Money market funds26,133 233,224 Municipal securities1,400 — Commercial paper12,829 — Total cash and cash equivalents(1)$113,131 $286,175 Marketable securities:U.S. Treasury securities$74,062 $— Corporate notes and bonds66,334 6,008 Commercial paper86,195 3,699 Certificates of deposit2,189 — Agency bonds1,000 — Total marketable securities, current(2)$229,780 $9,707 Total cash and cash equivalents and marketable securities$342,911 $295,882 (1) The Company’s cash equivalents include investments with an original maturity date of three months or less.(2) The Company classifies its marketable securities as current, where it intends to hold the securities for less than 12 months.

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The following table summarizes adjusted cost, gross unrealized