Company: FSLY
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001517413-25-000218
Chunk: 279

Company: Fastly, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 279
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 Bonus Programs.

11.     Net Loss Per Share Attributable to Common Stockholders

Basic net loss per share is computed by dividing net loss by basic weighted-average shares outstanding during the period. Diluted net loss per share is computed by dividing net loss by diluted weighted-average shares outstanding, including potentially dilutive securities. 

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The following table presents the computation of basic and diluted net loss per share of common stock:Three months ended June 30,Six months ended June 30,2025202420252024(in thousands, except per share amounts)Net loss attributable to common stockholders$(37,541)$(43,729)$(76,689)$(87,156)Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted145,780 137,444 144,539 136,015 Net loss per share attributable to common stockholders, basic and diluted$(0.26)$(0.32)$(0.53)$(0.64)The following securities were excluded from the computation of diluted net loss per share of common stock for the periods presented as their effect would have been antidilutive:Number of SharesAs of June 30,20252024(in thousands)Stock options1,823 2,584 RSUs15,589 13,657 PSUs839 1,174 MPSUs335 1,313 rTSR PSUs163 — Shares issuable pursuant to the ESPP649 594 Convertible senior notes (if-converted)9,433 3,370 Total28,831 22,692 The dilution table above excludes RSUs to be awarded under the Company’s 2025 Bonus Program, which is expected to have an impact on its outstanding awards in the first quarter of 2026. Refer to Note 10 — Stockholders' Equity for further details on the Company’s 2025 Bonus Program.

12.     Income Taxes 

The Company’s provision for income taxes for interim periods is determined using an estimate of its annual effective tax rate, adjusted for discrete items, if any, that arise during the period. Each quarter, the Company updates its estimate of the annual effective tax rate, and if the estimated annual effective tax rate changes, the Company makes a cumulative adjustment in such period. The Company continues to maintain a full valuation allowance on the Company’s U.S. Federal and state net deferred tax assets. The tax expense for