Company: FSLY
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001517413-25-000299
Chunk: 320

Company: Fastly, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 320
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 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, 2025, the Company has undiscounted commitments of $1.3 million for operating leases that have not yet commenced, and therefore are not included in the right-of-use asset or operating lease liability. These operating leases will commence in the fourth quarter of 2025 with lease terms of up to 3 years.

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7.     Goodwill and Intangible Assets

GoodwillAs of September 30, 2025 and December 31, 2024, the Company’s goodwill was $670.4 million. The Company did not record an impairment charge on goodwill during either of the three and nine months ended September 30, 2025 and 2024. Intangible Assets, net As of September 30, 2025 and December 31, 2024, the Company’s intangible assets consisted of the following:As of September 30, 2025As of December 31, 2024Gross carrying valueAccumulated amortizationNet carrying valueGross carrying valueAccumulated amortizationNet carrying value(in thousands)Intangible assets:Customer relationships$69,100 $(43,188)$25,912 $69,860 $(37,364)$32,496 Developed technology49,500 (49,500)— 50,130 (42,482)7,648 Trade names3,300 (3,300)— 3,910 (3,694)216 Internet protocol addresses4,984