Company: FSLY
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001517413-25-000218
Chunk: 323

Company: Fastly, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 323
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,974 $3,440 $5,992 $7,035 Interest3 110 15 272 Total finance lease costs$2,977 $3,550 $6,007 $7,307 The short-term lease costs were not material for either of the three and six months ended June 30, 2025 and 2024. During both the three and six months ended June 30, 2024, the Company recognized a non-recurring impairment charge of $1.3 million related to right-of-use assets mainly due to the Company exiting a certain office facility. This impairment charge is included within the impairment expense line in the Company's condensed consolidated statements of operations. The Company did not recognize any material impairment on its operating lease right-of-use assets for either of the three and six months ended June 30, 2025. As of June 30, 2025As of December 31, 2024Weighted Average Remaining Lease Term (in years):Operating leases4.612.84Finance leases0.100.32Weighted Average Discount Rate:Operating leases7.11 %6.36 %Finance leases4.62 %4.67 %Future minimum lease payments under non-cancellable leases as of June 30, 2025 were as follows:Operating LeasesFinance Leases(in thousands)Remaining 2025$15,247 $80 202623,380 — 202717,265 — 20288,555 — 20295,795 — Thereafter19,757 — Total future minimum lease payments$89,999 $80 Less: imputed interest(15,120)— Total liability$74,879 $80 As of June 30, 2025, the Company has undiscounted commitments of $2.6 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 third quarter of 2025 with lease terms of up to 3 years.

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7.     Goodwill and Intangible Assets

GoodwillAs of June 30, 2025 and December 31, 2024, the Company’s goodwill was $670.4 million. During the three months ended June 30, 2025, the Company identified certain triggering events, including a decrease in its stock price and