Company: FSLY
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001517413-25-000299
Chunk: 254

Company: Fastly, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 254
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.The Company measures its cash equivalents and marketable securities at fair value. The Company classifies its cash equivalents and marketable securities within Level 1 or Level 2 because the Company values these investments using quoted market prices or alternative pricing sources and models utilizing market observable inputs.The Company classifies its investments, which are comprised of corporate notes and bonds, U.S. treasury securities, foreign government and supranational securities, and asset-backed securities within Level 2 of the fair value hierarchy because the fair value of these securities is priced by using inputs based on non-binding market consensus prices that are primarily corroborated by observable market data or quoted market prices for similar instruments. Financial assets and liabilities measured and recorded at fair value on a recurring basis consisted of the following types of instruments:As of September 30, 2025Level 1Level 2Level 3Total(in thousands)Cash equivalents:Money market funds$26,133 $— $— $26,133 U.S. Treasury securities— 998 — 998 Commercial paper— 12,829 — 12,829 Municipal securities— 1,400 — 1,400 Total cash equivalents26,133 15,227 — 41,360 Marketable securities:U.S. Treasury securities— 74,062 — 74,062 Corporate notes and bonds— 66,334 — 66,334 Commercial paper— 86,195 — 86,195 Certificates of deposit— 2,189 — 2,189 Agency bonds— 1,000 — 1,000 Total marketable securities— 229,780 — 229,780 Total financial assets$26,133 $245,007 $— $271,140 As of December 31, 2024Level 1Level 2Level 3Total(in thousands)Cash equivalents:Money market funds$233,224 $— $— $233,224 Total cash equivalents233,224 — — 233,224 Marketable securities:Corporate notes and bonds— 6,008 — 6,008 Commercial paper— 3,699 — 3,699 Total marketable securities— 9,707 — 9,707 Total financial assets$233,224 $9,707 $— $242,931 

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The Company had no