Company: FSLY
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001517413-25-000218
Chunk: 256

Company: Fastly, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 256
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 Certificates of deposit— 400 — 400 Agency bonds— 999 — 999 Total marketable securities— 238,721 — 238,721 Total financial assets$25,663 $245,749 $— $271,412 As of December 31, 2024Level 1Level 2Level 3Total(in thousands)Cash equivalents:Money market funds$233,224 $— $— $233,224 Total cash equivalents233,224 — — 233,224 Marketable securities:Corporate notes and bonds— 6,008 — 6,008 Commercial paper— 3,699 — 3,699 Total marketable securities— 9,707 — 9,707 Total financial assets$233,224 $9,707 $— $242,931 

17

The Company had no restricted cash as of either June 30, 2025 and December 31, 2024. There were no transfers of assets and liabilities measured at fair value between Level 1 and Level 2, or between Level 2 and Level 3, during the three and six months ended June 30, 2025 and 2024.

5.     Balance Sheet Information

Property and Equipment, NetProperty and equipment, net consisted of the following:As of June 30, 2025As of December 31, 2024(in thousands)Computer and networking equipment$255,388 $237,148 Leasehold improvements8,181 8,139 Furniture and fixtures2,401 2,153 Office equipment1,219 1,218 Internal-use software136,510 123,849 Property and equipment, gross$403,699 $372,507 Accumulated depreciation and amortization(221,929)(193,410)Property and equipment, net$181,770 $179,097 During both the three and six months ended June 30, 2024, the Company recognized a non-recurring impairment charge of $1.8 million related to an internal-use software project the Company does not plan to continue with and therefore abandoned. These impairment charges are included within the impairment expense line in the Company's condensed consolidated statements of operations. The Company did not recognize any material impairment on its internal-use software for either of the three and six months ended June