Company: FSLY
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001517413-25-000299
Chunk: 252

Company: Fastly, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 252
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 $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 gains and losses, and fair value related to cash equivalents and available-for-sale securities on the accompanying condensed consolidated balance sheets as of September 30, 2025 and December 31, 2024:As of September 30, 2025AmortizedCostGrossUnrealizedGainGrossUnrealizedLossFairValue(in thousands)Cash equivalents:Money market funds$26,133 $— $— $26,133 U.S. Treasury securities998 — — 998 Commercial paper12,829 — — 12,829 Municipal Securities1,400 — — 1,400 Marketable securities:U.S. Treasury securities74,032 30 — 74,062 Corporate notes and bonds66,303 32 (1)66,334 Commercial paper86,180 23 (8)86,195 Certificates of deposit2,188 1 — 2