Company: FSLY
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001517413-25-000299
Chunk: 338

Company: Fastly, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 338
---
 ended September 30, 2025, the Company recognized $0.5 million of stock-based compensation expense associated with these awards. For the nine months ended September 30, 2025, the Company recognized $0.7 million of stock-based compensation expense associated with these awards. Employee Stock Purchase PlanThe ESPP allows eligible employees to purchase shares of the Company’s common stock through payroll deductions of up to 15% of their eligible compensation. The ESPP provides for six-month offering periods, commencing in May and November of each year. At the end of each offering period employees are able to purchase shares at 85% of the lower of the fair market value of the Company’s common stock on the first trading day of the offering period or on the date of purchase. During the three months ended September 30, 2025 and 2024, the Company recognized $0.8 million and $0.3 million in stock-based compensation expense related to the ESPP, respectively. During the nine months ended September 30, 2025 and 2024 the Company recognized $1.3 million and $2.3 million in stock-based compensation expense related to the ESPP, respectively.During each of the nine months ended September 30, 2025 and September 30, 2024, 0.5 million shares of the Company’s common stock were purchased under the offering period that commenced in November of the previous year. Stock-Based Compensation ExpenseThe following table summarizes the components of total stock-based compensation expense included in the accompanying condensed consolidated statements of operations:Three months ended September 30,Nine months ended September 30,2025202420252024(in thousands)Cost of revenue$2,861 $1,911 $7,373 $6,734 Research and development11,915 7,378 32,563 25,684 Sales and marketing8,754 7,113 23,623 22,014 General and administrative9,599 8,614 21,487 28,553 Total stock-based compensation expense$33,129 $25,016 $85,046 $82,985 For the three months ended September 30, 2025 and 2024, the Company capitalized $2.1 million and $2.5 million of stock-based compensation expense, respectively. For the nine months ended September 30, 202