Company: FSLY
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001517413-25-000218
Chunk: 316

Company: Fastly, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 316
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 of December 31, 2024(in thousands)Contract assets$2,042 $1,072 Contract liabilities$41,546 $29,585 The following table presents revenue recognized during the three and six months ended June 30, 2025 and 2024 from amounts included in the contract liability at the beginning of the period:Three months ended June 30,Six months ended June 30,2025202420252024(in thousands)Revenue recognized in the period from amounts included in contract liability at the beginning of the period$13,473 $14,254 $20,696 $23,652 Remaining performance obligationsAs of June 30, 2025, the aggregate amount of the transaction price in our contracts allocated to remaining performance obligations that are unsatisfied or partially unsatisfied was $315.1 million. This amount includes future committed revenue for periods within current contracts with customers, as well as deferred revenue arising from consideration invoiced for which the related performance obligations have not been satisfied. The Company has elected to not provide certain information about its remaining performance obligations for service contracts with an original contract duration of one year or less. As of June 30, 2025, the Company expects to recognize approximately 72% of its remaining performance obligations over the next 12 months. The Company’s typical contractual term with its customers is one year, although terms may vary by contract. 

14

Costs to obtain a contractAs of June 30, 2025 and December 31, 2024, the Company's costs to obtain contracts were as follows:As of June 30, 2025As of December 31, 2024(in thousands)Deferred contract costs, net$47,932 $52,583 

During the three months ended June 30, 2025 and 2024, the Company recognized $4.8 million and $4.5 million of amortization related to deferred contract costs, respectively. During the six months ended June 30, 2025 and 2024, the Company recognized $9.7 million and $9.1 million of amortization related to deferred contract costs, respectively. These costs are recorded within sales and marketing expenses on the accompanying condensed consolidated statements of operations. 

4.     Investments and Fair Value Measurements

The Company's total cash, cash equivalents and marketable securities consisted of the following:As of June 30, 2025As of December