Company: FSLY
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001517413-25-000299
Chunk: 339

Company: Fastly, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 339
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5 and 2024, the Company capitalized $5.8 million and $8.0 million of stock-based compensation expense, respectively. The Company recognized $11.7 million and $1.5 million of stock-based compensation expense associated with liability classified awards related to the Bonus Programs in the three months ended September 30, 2025 and 2024, respectively. For the nine months ended September 30, 2025 and 2024, the Company recognized $24.0 million and $8.0 million of stock-based compensation expense associated with liability-classified awards related to the Bonus Programs, respectively.

11.     Net Loss Per Share Attributable to Common Stockholders

Basic net loss per share is computed by dividing net loss by basic weighted-average shares outstanding during the period. Diluted net loss per share is computed by dividing net loss by diluted weighted-average shares outstanding, including potentially dilutive securities. 

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The following table presents the computation of basic and diluted net loss per share of common stock:Three months ended September 30,Nine months ended September 30,2025202420252024(in thousands, except per share amounts)Net loss attributable to common stockholders$(29,483)$(38,016)$(106,172)$(125,172)Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted148,129 139,237 145,749 137,097 Net loss per share attributable to common stockholders, basic and diluted$(0.20)$(0.27)$(0.73)$(0.91)The following securities were excluded from the computation of diluted net loss per share of common stock for the periods presented as their effect would have been antidilutive:Number of SharesAs of September 30,20252024(in thousands)Stock options1,785 2,552 RSUs15,244 13,761 PSUs1,554 1,132 MPSUs335 1,313 rTSR PSUs263 — Shares issuable pursuant to the ESPP627 579 Convertible senior notes (if-converted)9,433 3,370 Total29,241 22,707 The dilution table above excludes RSUs to be awarded under the Company’s 2025 Bonus Program, which is expected to have an impact on its outstanding awards in the first quarter of 2026