Company: FSLY
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001517413-25-000299
Chunk: 321

Company: Fastly, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 321
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(2,841)2,143 4,984 (2,468)2,516 Total intangible assets$126,884 $(98,829)$28,055 $128,884 $(86,008)$42,876 The Company’s customer relationships, developed technology, trade names, and internet protocol addresses represent intangible assets subject to amortization. Amortization expense was $4.8 million and $4.9 million for the three months ended September 30, 2025 and 2024, respectively. Amortization expense was $14.5 million and $14.7 million for the nine months ended September 30, 2025 and 2024, respectively.The Company did not purchase any intangible assets during either of the three or nine months ended September 30, 2025 and 2024. The Company recorded an impairment charge of $0.3 million for the nine months ended September 30, 2025 related to the write-off of intangible assets no longer in use. The Company did not record an impairment charge on its intangible assets for the three months ended September 30, 2025 or either of the three and nine months ended September 30, 2024.The expected amortization expense of intangible assets subject to amortization as of September 30, 2025 is as follows:As of September 30, 2025(in thousands)Remainder of 2025$2,284 20269,064 20279,051 20286,891 2029378 Thereafter387 Total$28,055 

8.     Debt Instruments

Senior Secured Credit Facilities AgreementOn February 16, 2021, the Company entered into a Senior Secured Credit Facilities Agreement (as amended by thatcertain First Amendment to Credit Agreement, the “Credit Agreement”) with the lenders from time to time party thereto (the “Lenders”) and Silicon Valley Bank, a division of First-Citizens Bank & Trust Company, as administrative agent, issuing lender and swingline lender ("SVB First-Citizens"), which provides for a $100.0 million senior secured revolving credit facility, 

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with a maturity date of February 16, 2024. Loans under the Credit Agreement bear interest at a rate per annum equal to, at the Company's option, the ABR (as defined in the Credit Agreement) or