Company: FSLY
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001517413-25-000111
Chunk: 244

Company: Fastly, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 244
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 contract liability at the beginning of the period$11,594 $12,760 Remaining performance obligationsAs of March 31, 2025, the aggregate amount of the transaction price in our contracts allocated to remaining performance obligations that are unsatisfied or partially unsatisfied was $303.0 million. This amount includes future committed revenue for periods within current contracts with customers, as well as deferred revenue arising from consideration invoiced for which the related performance obligations have not been satisfied. The Company has elected to not provide certain information about its remaining performance obligations for service contracts with an original contract duration of one year or less. As of March 31, 2025, the Company expects to recognize approximately 77% of its remaining performance obligations over the next 12 months. The Company’s typical contractual term with its customers is one year, although terms may vary by contract. 

13

Costs to obtain a contractAs of March 31, 2025 and December 31, 2024, the Company's costs to obtain contracts were as follows:As of March 31, 2025As of December 31, 2024(in thousands)Deferred contract costs, net$49,870 $52,583 

During the three months ended March 31, 2025 and 2024, the Company recognized $4.9 million and $4.6 million of amortization related to deferred contract costs, respectively. These costs are recorded within sales and marketing expenses on the accompanying condensed consolidated statements of operations. 

4.     Investments and Fair Value Measurements

The Company's total cash, cash equivalents and marketable securities consisted of the following:As of March 31, 2025As of December 31, 2024(in thousands)Cash and cash equivalents:Cash$41,811 $52,951 U.S. Treasury securities12,254 — Money market funds60,205 233,224 Municipal securities1,880 — Commercial paper6,639 — Corporate notes and bonds2,695 — Total cash and cash equivalents(1)$125,484 $286,175 Marketable securities:U.S. Treasury securities$51,706 $— Corporate notes and bonds62,131 6,008 Commercial paper67,571 3,699 Certificates of deposit400 — Total marketable securities, current(2)$181,808 $9,707 Total cash