Company: FSLY
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001517413-25-000299
Chunk: 241

Company: Fastly, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 241
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Item 1. Financial Statements

FASTLY, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

(unaudited)

As of September 30, 2025As of December 31, 2024ASSETSCurrent assets:Cash and cash equivalents$113,131 $286,175 Marketable securities, current229,780 9,707 Accounts receivable, net of allowance for credit losses of $6,189 and $8,254 as of September 30, 2025 and December 31, 2024, respectively109,184 115,988 Prepaid expenses and other current assets27,689 28,325 Total current assets479,784 440,195 Property and equipment, net182,896 179,097 Operating lease right-of-use assets, net53,050 50,433 Goodwill670,356 670,356 Intangible assets, net28,055 42,876 Other assets56,461 68,402 Total assets$1,470,602 $1,451,359 LIABILITIES AND STOCKHOLDERS’ EQUITYCurrent liabilities:Accounts payable$10,829 $6,044 Accrued expenses60,421 41,622 Current debt188,232 — Finance lease liabilities, current— 2,328 Operating lease liabilities, current23,676 25,155 Other current liabilities45,757 29,307 Total current liabilities328,915 104,456 Long-term debt149,893 337,614 Operating lease liabilities, non-current47,106 39,561 Other long-term liabilities7,723 4,478 Total liabilities533,637 486,109 Commitments and contingencies (Note 9)Stockholders’ equity:Common stock3 3 Additional paid-in capital2,035,956 1,958,157 Accumulated other comprehensive loss(12)(100)Accumulated deficit(1,098,982)(992,810)Total stockholders’ equity 936,965 965,250 Total liabilities and stockholders’ equity $1,470,602 $1,451,359  

The accompanying notes are an integral part of the condensed consolidated financial statements.

5

 FASTLY, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share data)