Company: FSLY
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001517413-25-000299
Chunk: 353

Company: Fastly, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 353
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, net, consists primarily of foreign currency transaction gains and losses. 

Income Taxes

Our income tax expense consists primarily of income taxes in certain foreign jurisdictions where we conduct business and state minimum income taxes in the United States. We currently maintain a full valuation allowance on our U.S. Federal and state net deferred tax assets. We expect to maintain this valuation allowance for the foreseeable future.

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Results of Operations

The following tables set forth our results of operations for the period presented:

Three months endedSeptember 30,Nine months endedSeptember 30,2025202420252024(in thousands)Condensed Consolidated Statement of Operations:Revenue$158,223 $137,206 $451,406 $403,097 Cost of revenue65,894 62,466 201,163 182,222 Gross profit92,329 74,740 250,243 220,875 Operating expenses:Research and development41,421 31,884 121,071 105,238 Sales and marketing49,998 45,994 150,411 148,560 General and administrative29,698 27,173 82,256 87,245 Impairment expense— 559 415 3,696 Restructuring charges— 9,720 — 9,720 Total operating expenses121,117 115,330 354,153 354,459 Loss from operations(28,788)(40,590)(103,910)(133,584)Interest income3,080 3,819 9,139 11,604 Interest expense(3,161)(473)(9,498)(1,516)Other expense, net(55)(317)(96)(213)Loss before income tax expense(28,924)(37,561)(104,365)(123,709)Income tax expense 559 455 1,807 1,463 Net loss attributable to common stockholders$(29,483)$(38,016)$(106,172)$(125,172)

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The following tables set forth our results of operations for the period presented as a percentage of our revenue:

Three months endedSeptember 30,Nine months endedSeptember 30,2025202420252024Condensed Consolidated Statements of Operations, as a percentage of revenue:*Revenue100 %100 %100 %100 %Cost of revenue42 46 45 45 Gross