Company: FSLY
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001517413-25-000299
Chunk: 315

Company: Fastly, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 315
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 gains and losses, and fair value related to cash equivalents and available-for-sale securities on the accompanying condensed consolidated balance sheets as of September 30, 2025 and December 31, 2024:As of September 30, 2025AmortizedCostGrossUnrealizedGainGrossUnrealizedLossFairValue(in thousands)Cash equivalents:Money market funds$26,133 $— $— $26,133 U.S. Treasury securities998 — — 998 Commercial paper12,829 — — 12,829 Municipal Securities1,400 — — 1,400 Marketable securities:U.S. Treasury securities74,032 30 — 74,062 Corporate notes and bonds66,303 32 (1)66,334 Commercial paper86,180 23 (8)86,195 Certificates of deposit2,188 1 — 2,189 Agency bond1,000 — — 1,000 Total available-for-sale investments$271,063 $86 $(9)$271,140 As of December 31, 2024AmortizedCostGrossUnrealizedGainGrossUnrealizedLossFairValue(in thousands)Cash equivalents:Money market funds$233,224 $— $— $233,224 Marketable securities:Corporate notes and bonds6,005 3 — 6,008 Commercial paper3,699 — — 3,699 Total available-for-sale investments$242,928 $3 $— $242,931 There were no material realized gains or losses from sales of marketable securities that were reclassified out of accumulated other comprehensive loss into other expense, net as of September 30, 2025 and December 31, 2024. For the three and nine months ended September 30, 2025 and 2024, the Company did not record any impairment charges for its marketable debt securities in its condensed consolidated statements of operations. No impairment loss has been recorded on the securities as the Company does not intend to sell any impaired securities, nor is it more likely than not that the Company would be required to sell impaired securities before recovery of amortized cost basis.Fair Value of Financial InstrumentsFor certain of the Company's financial instruments, including cash held in banks, accounts receivable, and accounts payable, the carrying amounts approximate fair