Company: FSLY
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001517413-25-000299
Chunk: 318

Company: Fastly, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 318
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 related to equipment and an internal-use software project that the Company does not plan to continue with and therefore abandoned. Depreciation on property and equipment for the three months ended September 30, 2025 and 2024 was approximately $15.6 million and $13.7 million, respectively. Included in these amounts was amortization expense for capitalized internal-use software costs of approximately $5.8 million and $4.5 million for the three months ended September 30, 2025 and 2024, respectively. Depreciation on property and equipment for the nine months ended September 30, 2025 and 2024 was approximately $45.8 million and $40.3 million, respectively. Included in these amounts was amortization expense for capitalized internal-use software costs of approximately $16.8 million and $12.3 million for the nine months ended September 30, 2025 and 2024, respectively. As of September 30, 2025 and December 31, 2024, the unamortized balance of capitalized internal-use software costs on the Company’s condensed consolidated balance sheets was approximately $82.1 million and $79.5 million, respectively. Other AssetsOther assets consisted of the following:As of September 30, 2025As of December 31, 2024(in thousands)Deferred contract costs, net$47,173 $52,583 Advance payment for purchase of property and equipment— 9,837 Other assets9,288 5,982 Total other assets$56,461 $68,402 

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Accrued ExpensesAccrued expenses consisted of the following:As of September 30, 2025As of December 31, 2024(in thousands)Accrued compensation and related benefits$36,084 $19,266 Accrued colocation and bandwidth costs16,243 15,317 Other tax liabilities4,548 4,266 Other accrued expenses3,546 2,773 Total accrued expenses$60,421 $41,622 Other Current LiabilitiesOther current liabilities consisted of the following:As of September 30, 2025As of December 31, 2024(in thousands)Deferred revenue$34,640 $26,511 Accrued computer and networking equipment1,633 743 Other current liabilities9,484 2,053 Total other current liabilities$45,757