Company: FSLY
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001517413-25-000218
Chunk: 301

Company: Fastly, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 301
---
.1 million decrease in stock-based compensation expenses as well as a $1.9 million decrease in personnel-related costs. The decrease was partially offset by a $1.8 million increase in professional services fees as well as a $0.6 million increase in credit losses.

Impairment expense

During the three and six months ended June 30, 2025, the Company recognized an impairment expense of $0.4 million. The impairment expense related to non-recurring write-off charges for intangible assets no longer in use as well as an abandoned internal-use software project. 

During the three and six months ended June 30, 2024, the Company recognized an impairment expense of $3.1 million. The impairment expense related to non-recurring write-off charges for an abandoned internal-use software project as well as right-of-use assets which we no longer need. 

Other Income and Expense

Interest income

Three months ended June 30,Six months ended June 30,20252024% Change20252024% Change(in thousands)(in thousands)Interest income$3,084 $3,937 (22)%$6,059 $7,785 (22)%

Interest income was $3.1 million for the three months ended June 30, 2025 compared to $3.9 million for the three months ended June 30, 2024, a decrease of $0.8 million, or 22%. This decrease was primarily driven by a decrease in interest rates and investment balance.

Interest income was $6.1 million for the six months ended June 30, 2025 compared to $7.8 million for the six months ended June 30, 2024, a decrease of $1.7 million, or 22%. This decrease was primarily driven by a decrease in interest rates and investment balance.

Interest expense

Three months ended June 30,Six months ended June 30,20252024% Change20252024% Change(in thousands)(in thousands)Interest expense$3,164 $464 582 %$6,337 $1,043 508 %

Interest expense was $3.2 million for the three months ended June 30, 2025 compared to $0.5 million for the three months ended June 30, 2024, an increase of $2.7 million, or 582%. Interest expense increased primarily due to the coupon interest