Company: FSLY
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001517413-25-000299
Chunk: 246

Company: Fastly, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 246
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used in) financing activities3,907 (9,782)Effects of exchange rate changes on cash and cash equivalents222 48 Net increase (decrease) in cash and cash equivalents(173,044)109,443 Cash and cash equivalents at beginning of period286,175 108,071 Cash and cash equivalents at end of period$113,131 $217,514 

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

10

FASTLY, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS—Continued

(in thousands)

(unaudited)

Nine months ended September 30,20252024Supplemental disclosure of cash flow information:Cash paid for interest$5,771 $453 Cash paid for income taxes, net of refunds received$1,103 $739 Cash paid for finance lease interest $15 $342 Noncash investing and financing activities:Property and equipment additions not yet paid in cash or financed$3,347 $1,278 Capitalized stock-based compensation$5,599 $7,952 Assets obtained in exchange for operating lease obligations$6,180 $5,827 Net non-cash change in operating lease assets and liabilities associated with modifications and terminations$12,505 $4,762 Deployments of prepaid capital equipment$9,247 $11,912 

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

11

1.     Nature of Business

Fastly, Inc. has built an edge cloud platform that can process, serve, and secure its customers' applications as close to their end users as possible. The Company was incorporated in Delaware in 2011 and is headquartered in San Francisco, California.As used herein, “Fastly,” “the Company,” “its,” and similar terms include Fastly, Inc. and its subsidiaries, unless the context indicates otherwise.

2.     Summary of Significant Accounting Policies

Basis of Presentation and ConsolidationThe accompanying condensed consolidated financial statements and footnotes have been prepared in conformity with U.S. generally accepted accounting principles (“GAAP”), consistent in all material respects with those applied in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, filed with the Securities and Exchange Commission (“SEC”) on February 26, 2025. The Company’s condensed consolidated financial statements include its accounts and its wholly