Company: FSLY
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001517413-25-000299
Chunk: 319

Company: Fastly, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 319
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 $29,307 

6.     Leases

The Company has operating leases for corporate offices and data centers (“colocation” leases), and finance leases for networking equipment. The Company’s operating leases have remaining lease terms ranging from less than 1 year to 9 years, some of which include options to extend the leases. During the nine months ended September 30, 2025, the Company extended the lease term of its corporate headquarters to July of 2034. The Company also subleases a portion of its corporate office spaces. The Company’s subleases have remaining lease terms ranging from less than 1 year to 5 years. The Company’s sublease income was $0.2 million and $0.4 million for the three months ended September 30, 2025 and 2024, respectively. The Company’s sublease income was $0.6 million and $1.1 million for the nine months ended September 30, 2025 and 2024, respectively. The components of lease cost were as follows:Three months ended September 30,Nine months ended September 30,2025202420252024(in thousands)Operating lease costs:Operating lease cost$6,687 $6,466 $19,988 $19,904 Variable lease cost5,269 4,183 15,397 12,411 Total operating lease costs$11,956 $10,649 $35,385 $32,315 Finance lease costs:Amortization of assets under finance lease$2,952 $3,294 $8,945 $10,329 Interest— 70 15 342 Total finance lease costs$2,952 $3,364 $8,960 $10,671 The short-term lease costs were not material for either of the three and nine months ended September 30, 2025 and 2024. 

20

The Company did not recognize any material impairment on its operating lease right-of-use assets for either of the three and nine months ended September 30, 2025. During the three months ended September 30, 2024 the Company recognized an impairment charge of $0.4 million related to right-of-use assets upon the termination of a sublease. During the nine months ended September 30, 2024, the Company recognized an impairment charge of $1.7 million related to right-of-use assets,