Company: FSLY
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001517413-25-000218
Chunk: 269

Company: Fastly, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 269
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2025 and 2024, interest expense related to the Company’s debt obligations was $6.3 million and $0.8 million, respectively. As of June 30, 2025 and December 31, 2024, the total estimated fair value of the Notes was $328.8 million and $327.7 million, respectively.

9.     Commitments and Contingencies

Purchase CommitmentsAs of June 30, 2025, the Company had long-term commitments for cost of revenue related agreements (i.e., bandwidth usage, peering and other managed services with various networks, fixed asset vendors, Internet service providers and other third-party vendors). The Company also has non-cost of revenue long-term commitments for various non-cancelable agreements. Aside from the Company’s finance and operating lease commitments, including its colocation operating commitments, which have been disclosed in Note 6—Leases, the minimum future commitments related to the Company's purchase commitments as of June 30, 2025 were as follows: Cost of Revenue CommitmentsOperating Expense CommitmentsTotal Purchase Commitments(in thousands)Remainder of 2025$34,709 $8,089 $42,798 202637,437 13,378 50,815 202710,663 6,372 17,035 2028120 201 321 202918 — 18 Thereafter— — — Total$82,947 $28,040 $110,987 Sales and Use TaxThe Company conducts its operations in many tax jurisdictions throughout the United States. In some of these jurisdictions the Company is subject to indirect taxes, such as sales and use taxes, and may be subject to certain other taxes. In accordance with GAAP, the Company has recorded a provision for its tax exposure in these jurisdictions when it is both probable that a liability has been incurred and the amount of the exposure can be reasonably estimated. The Company has accrued $4.5 million and $4.3 million as of June 30, 2025 and December 31, 2024, respectively, for sales and use tax. These estimates are based on several key assumptions, including the taxability of the Company’s operations and the jurisdictions in which the Company believes it has nexus. In the event these jurisdictions challenge the Company’s assumptions and analysis, its actual exposure could differ materially from its current estimates.

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Legal Matters From time to time,