Company: FSLY
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001517413-25-000218
Chunk: 243

Company: Fastly, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 243
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Item 1. Financial Statements

FASTLY, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

(unaudited)

As of June 30, 2025As of December 31, 2024ASSETSCurrent assets:Cash and cash equivalents$82,487 $286,175 Marketable securities, current238,721 9,707 Accounts receivable, net of allowance for credit losses of $6,493 and $8,254 as of June 30, 2025 and December 31, 2024, respectively117,318 115,988 Prepaid expenses and other current assets26,137 28,325 Total current assets464,663 440,195 Property and equipment, net181,770 179,097 Operating lease right-of-use assets, net54,001 50,433 Goodwill670,356 670,356 Intangible assets, net32,814 42,876 Other assets59,573 68,402 Total assets$1,463,177 $1,451,359 LIABILITIES AND STOCKHOLDERS’ EQUITYCurrent liabilities:Accounts payable$13,344 $6,044 Accrued expenses45,282 41,622 Current debt188,051 — Finance lease liabilities, current80 2,328 Operating lease liabilities, current23,673 25,155 Other current liabilities42,373 29,307 Total current liabilities312,803 104,456 Long-term debt149,883 337,614 Operating lease liabilities, non-current48,577 39,561 Other long-term liabilities9,267 4,478 Total liabilities520,530 486,109 Commitments and contingencies (Note 9)Stockholders’ equity:Common stock3 3 Additional paid-in capital2,012,312 1,958,157 Accumulated other comprehensive loss(169)(100)Accumulated deficit(1,069,499)(992,810)Total stockholders’ equity 942,647 965,250 Total liabilities and stockholders’ equity $1,463,177 $1,451,359 

The accompanying notes are an integral part of the condensed consolidated financial statements.

5

 FASTLY, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share data)