Company: FSLY
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001517413-25-000299
Chunk: 276

Company: Fastly, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 276
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 the ESPP, respectively. During the nine months ended September 30, 2025 and 2024 the Company recognized $1.3 million and $2.3 million in stock-based compensation expense related to the ESPP, respectively.During each of the nine months ended September 30, 2025 and September 30, 2024, 0.5 million shares of the Company’s common stock were purchased under the offering period that commenced in November of the previous year. Stock-Based Compensation ExpenseThe following table summarizes the components of total stock-based compensation expense included in the accompanying condensed consolidated statements of operations:Three months ended September 30,Nine months ended September 30,2025202420252024(in thousands)Cost of revenue$2,861 $1,911 $7,373 $6,734 Research and development11,915 7,378 32,563 25,684 Sales and marketing8,754 7,113 23,623 22,014 General and administrative9,599 8,614 21,487 28,553 Total stock-based compensation expense$33,129 $25,016 $85,046 $82,985 For the three months ended September 30, 2025 and 2024, the Company capitalized $2.1 million and $2.5 million of stock-based compensation expense, respectively. For the nine months ended September 30, 2025 and 2024, the Company capitalized $5.8 million and $8.0 million of stock-based compensation expense, respectively. The Company recognized $11.7 million and $1.5 million of stock-based compensation expense associated with liability classified awards related to the Bonus Programs in the three months ended September 30, 2025 and 2024, respectively. For the nine months ended September 30, 2025 and 2024, the Company recognized $24.0 million and $8.0 million of stock-based compensation expense associated with liability-classified awards related to the Bonus Programs, respectively.

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