Company: FSLY
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001517413-25-000299
Chunk: 467

Company: Fastly, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 2
Chunk 467
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 thousands)(in thousands)Interest expense$3,161 $473 568 %$9,498 $1,516 527 %

Interest expense was $3.2 million for the three months ended September 30, 2025 compared to $0.5 million for the three months ended September 30, 2024, an increase of $2.7 million, or 568%. Interest expense increased primarily due to the coupon interest of the 2028 Notes issued in December 2024.

Interest expense was $9.5 million for the nine months ended September 30, 2025 compared to $1.5 million for the nine months ended September 30, 2024, an increase of $8.0 million, or 527%. Interest expense increased primarily due to the coupon interest of the 2028 Notes issued in December 2024.

Other Expense, Net

Three months ended September 30,Nine months ended September 30,20252024% Change20252024% Change(in thousands)(in thousands)Other expense, net$55 $317 (83)%$96 $213 (55)%

Other expense was less than $0.1 million for the three months ended September 30, 2025 compared to $0.3 million for the three months ended September 30, 2024, a decrease of $0.3 million. The change was mainly driven by our foreign currency transaction gains and losses between the periods.

Other expense was less than $0.1 million for the nine months ended September 30, 2025 compared to $0.2 million for the nine months ended September 30, 2024, a decrease of $0.1 million. The change was mainly driven by our foreign currency transaction gains and losses between the periods.

Income Taxes

Three months ended September 30,Nine months ended September 30,20252024% Change20252024% Change(in thousands)(in thousands)Income tax expense $559 $455 23 %$1,807 $1,463 24 %

Income tax expense was $0.6 million for the three months ended September 30, 2025 compared to $0.5 million for the three months ended September 30, 2024, an increase of $0.1 million. The Company continues to maintain a full valuation allowance in the U.S. and the tax