Company: FSLY
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001517413-25-000111
Chunk: 238

Company: Fastly, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 238
---
 — 23,645 — — 23,645 Net loss— — — — (39,148)(39,148)Other comprehensive loss— — — (30)— (30)Balance at March 31, 2025144,686 $3 $1,989,108 $(130)$(1,031,958)$957,023 

Three months ended March 31, 2024Common StockAdditional Paid-in CapitalAccumulated Other Comprehensive LossAccumulated DeficitTotal Stockholders’ EquitySharesAmountBalance at December 31, 2023132,992 $3 $1,815,245 $(1,008)$(834,752)$979,488 Exercise of vested stock options71 — 111 — — 111 Vesting of restricted stock units1,532 — — — — — Shares issued under bonus program1,889 — 26,849 — — 26,849 Stock-based compensation— — 28,298 — — 28,298 Net loss— — — — (43,427)(43,427)Other comprehensive income— — — 487 — 487 Balance at March 31, 2024136,484 $3 $1,870,503 $(521)$(878,179)$991,806 

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

8

FASTLY, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands; unaudited)

Three months ended March 31,20252024Cash flows from operating activities:Net loss$(39,148)$(43,427)Adjustments to reconcile net loss to net cash provided by operating activities:Depreciation expense15,167 13,277 Amortization of intangible assets4,900 4,899 Non-cash lease expense5,655 5,556 Amortization of debt discount and issuance costs217 354 Amortization of deferred contract costs4,850 4,573 Stock-based compensation25,582 31,821 Deferred income taxes422 228 Provision for credit losses946 953 Loss on disposals of property and equipment— 399 Amortization of discounts on investments(626)(1,