Company: FSLY
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001517413-25-000299
Chunk: 257

Company: Fastly, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 257
---
 and 2024, respectively. The components of lease cost were as follows:Three months ended September 30,Nine months ended September 30,2025202420252024(in thousands)Operating lease costs:Operating lease cost$6,687 $6,466 $19,988 $19,904 Variable lease cost5,269 4,183 15,397 12,411 Total operating lease costs$11,956 $10,649 $35,385 $32,315 Finance lease costs:Amortization of assets under finance lease$2,952 $3,294 $8,945 $10,329 Interest— 70 15 342 Total finance lease costs$2,952 $3,364 $8,960 $10,671 The short-term lease costs were not material for either of the three and nine months ended September 30, 2025 and 2024. 

20

The Company did not recognize any material impairment on its operating lease right-of-use assets for either of the three and nine months ended September 30, 2025. During the three months ended September 30, 2024 the Company recognized an impairment charge of $0.4 million related to right-of-use assets upon the termination of a sublease. During the nine months ended September 30, 2024, the Company recognized an impairment charge of $1.7 million related to right-of-use assets, of which $1.3 million was related to the Company exiting a certain office facility and is included within the impairment expense line in the Company's condensed consolidated statements of operations.As of September 30, 2025As of December 31, 2024Weighted Average Remaining Lease Term (in years):Operating leases4.532.84Finance leases0.000.32Weighted Average Discount Rate:Operating leases7.16 %6.36 %Finance leases— %4.67 %Future minimum lease payments under non-cancellable leases as of September 30, 2025 were as follows:Operating Leases(in thousands)Remaining 2025$8,327 202624,767 202718,285 20289,205 20296,018 Thereafter19,892 Total future minimum lease payments$86,494 Less: imputed interest(14,454)Total liability$72,040 As of September 30,