Company: FSLY
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001517413-25-000218
Chunk: 278

Company: Fastly, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 278
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 day of the offering period or on the date of purchase. During the three months ended June 30, 2025 and 2024 the Company recognized $0.4 million and $0.7 million in stock-based compensation expense related to the ESPP, respectively. During the six months ended June 30, 2025 and 2024 the Company recognized $0.5 million and $2.0 million in stock-based compensation expense related to the ESPP, respectively.During each of the three and six months ended June 30, 2025 and June 30, 2024, 0.5 million shares of the Company’s common stock was purchased under the offering period that commenced in November of the previous year. Stock-Based Compensation ExpenseThe following table summarizes the components of total stock-based compensation expense included in the accompanying condensed consolidated statements of operations:Three months ended June 30,Six months ended June 30,2025202420252024(in thousands)Cost of revenue$2,573 $2,044 $4,512 $4,823 Research and development11,755 7,983 20,648 18,306 Sales and marketing8,176 7,058 14,869 14,901 General and administrative3,831 9,063 11,888 19,939 Total stock-based compensation expense$26,335 $26,148 $51,917 $57,969 For the three months ended June 30, 2025 and 2024, the Company capitalized $1.9 million and $2.5 million of stock-based compensation expense, respectively. For the six months ended June 30, 2025 and 2024, the Company capitalized $3.6 million and $5.4 million of stock-based compensation expense, respectively. The Company recognized $8.6 million of stock-based compensation expense associated with liability classified awards related to the Bonus Programs in the three months ended June 30, 2025. The Company did not recognize any stock-based compensation expense associated with the liability classified awards related to the Bonus Programs in the three months ended June 30, 2024. For the six months ended June 30, 2025 and 2024, the Company recognized $12.3 million and $6.5 million of stock-based compensation expense associated with liability-classified awards related to the