Company: FSLY
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001517413-25-000111
Chunk: 300

Company: Fastly, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 8
Chunk 300
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2024:As of March 31, 2025AmortizedCostGrossUnrealizedGainGrossUnrealizedLossFairValue(in thousands)Cash equivalents:Money market funds$60,205 $— $— $60,205 U.S. Treasury securities12,254 — — 12,254 Corporate notes and bonds2,696 — (1)2,695 Commercial paper6,640 — (1)6,639 Municipal Securities1,880 — — 1,880 Marketable securities:U.S. Treasury securities51,706 3 (3)51,706 Corporate notes and bonds62,154 8 (31)62,131 Commercial paper67,585 4 (18)67,571 Certificates of deposit400 — — 400 Total available-for-sale investments$265,520 $15 $(54)$265,481 As of December 31, 2024AmortizedCostGrossUnrealizedGainGrossUnrealizedLossFairValue(in thousands)Cash equivalents:Money market funds$233,224 $— $— $233,224 Marketable securities:Corporate notes and bonds6,005 3 — 6,008 Commercial paper3,699 — — 3,699 Total available-for-sale investments$242,928 $3 $— $242,931 There were no material realized gains or losses from sales of marketable securities that were reclassified out of accumulated other comprehensive income (loss) into other expense, net as of March 31, 2025 and December 31, 2024. For the three months ended March 31, 2025 and 2024, the Company did not record any impairment charges for its marketable debt securities in its condensed consolidated statements of operations. No impairment loss has been recorded on the securities as the Company does not intend to sell any impaired securities, nor is it more likely than not that the Company would be required to sell impaired securities before recovery of amortized cost basis.Fair Value of Financial InstrumentsFor certain of the Company's financial instruments, including cash held in banks, accounts receivable, and accounts payable, the carrying amounts approximate fair value due to their short maturities, and are therefore excluded from the fair value tables below.Fair value is defined as the exchange price that would be received