Company: FSLY
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001517413-25-000218
Chunk: 470

Company: Fastly, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 2
Chunk 470
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4 million for the three months ended June 30, 2024, a decrease of $4.1 million, or 14%. The decrease was primarily due to a $5.2 million decrease in stock-based compensation expenses as well as a $0.6 million decrease in personnel-related costs. The decrease was partially offset by a $1.1 million increase in professional services fees as well as a $0.6 million increase in credit losses.

General and administrative costs were $52.6 million for the six months ended June 30, 2025 compared to $60.1 million for the six months ended June 30, 2024, a decrease of $7.5 million, or 13%. The decrease was primarily due to a $8.1 million decrease in stock-based compensation expenses as well as a $1.9 million decrease in personnel-related costs. The decrease was partially offset by a $1.8 million increase in professional services fees as well as a $0.6 million increase in credit losses.

Impairment expense

During the three and six months ended June 30, 2025, the Company recognized an impairment expense of $0.4 million. The impairment expense related to non-recurring write-off charges for intangible assets no longer in use as well as an abandoned internal-use software project. 

During the three and six months ended June 30, 2024, the Company recognized an impairment expense of $3.1 million. The impairment expense related to non-recurring write-off charges for an abandoned internal-use software project as well as right-of-use assets which we no longer need. 

Other Income and Expense

Interest income

Three months ended June 30,Six months ended June 30,20252024% Change20252024% Change(in thousands)(in thousands)Interest income$3,084 $3,937 (22)%$6,059 $7,785 (22)%

Interest income was $3.1 million for the three months ended June 30, 2025 compared to $3.9 million for the three months ended June 30, 2024, a decrease of $0.8 million, or 22%. This decrease was primarily driven by a decrease in interest rates and investment balance.

Interest income was $6.1 million for the six months ended June 30, 2025 compared to $7.8 million for the six months ended June 30,