Company: FSLY
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001517413-25-000299
Chunk: 250

Company: Fastly, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 250
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 The following table presents the Company's net revenue for enterprise and non-enterprise customers:Three months ended September 30,Nine months ended September 30,2025202420252024(in thousands)Enterprise customers$148,516 $126,660 $422,665 $369,451 Non-enterprise customers9,707 10,546 28,741 33,646 Total revenue$158,223 $137,206 $451,406 $403,097 The Company reports its revenue by three product lines: Network Services, Security, and Other. Network Services include solutions designed to improve performance of websites, apps, application programming interfaces (“APIs”), and digital media. Security includes products designed to protect websites, apps, APIs, and users. Other includes Compute solutions that allow developers to build and deploy modern web applications on Fastly's edge cloud platform and Observability solutions that provide real-time logs, data, and metrics streamed from Fastly's edge platform for actionable insights. The following table presents the Company’s revenue by product line:Three months ended September 30,Nine months ended September 30,2025202420252024(in thousands)Network Services$118,828 $107,431 $346,934 $317,585 Security33,959 26,184 89,661 76,152 Other5,436 3,591 14,811 9,360 Total revenue$158,223 $137,206 $451,406 $403,097 Contract BalancesThe timing of revenue recognition may differ from the timing of invoicing to customers. The Company has an unconditional right to consideration when it invoices its customers and records a receivable. The Company records a contract asset, or unbilled receivable, when revenue is recognized prior to invoicing. The Company records a contract liability, or deferred revenue, when a contract is billed in advance of revenue being recognized.Deferred revenue pertains to amounts billed to customers for which revenue has not been recognized, which primarily consists of the unearned portions of billings for the Company’s security subscription services and the unearned portion of committed edge cloud platform usage. Amounts that have been invoiced for annual subscriptions, but not collected, are 

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recorded in accounts receivable and in unearned revenue or in revenue depending on whether services have been delivered to the customer. The Company’s payment terms and conditions vary by contract type, and generally range from 30