Company: FSLY
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001517413-25-000299
Chunk: 360

Company: Fastly, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 360
---
4.9 million, or 6%. The decrease was primarily due to a $7.1 million decrease in stock-based compensation expenses, a $2.1 million decrease in personnel-related costs, as well as a $0.4 million decrease in equipment purchases. The decrease was partially offset by a $2.2 million increase in professional services fees, a $1.0 million increase in executive transition costs, a $0.6 million increase in corporate costs, a $0.8 million increase in provision for credit losses, as well as a $0.5 million increase in the sales and use tax reserve. 

Impairment Expense

During the nine months ended September 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. The Company did not recognize any expense during the three months ended September 30, 2025.

During the three months ended September 30, 2024, the Company recognized an impairment expense of $0.6 million related to the write-off of certain equipment. During the nine months ended September 30, 2024 we recognized an impairment charge of $3.7 million related to write-offs of certain equipment, an internal-use software project as well as right-of-use assets.

Restructuring Charges

During the three and nine months ended September 30, 2024, in an effort to streamline our organization, we initiated a restructuring plan to reduce expenses including a reduction of our workforce. In connection with this plan, we incurred charges of $9.7 million primarily consisting of employee-related severance and termination benefits. There have been no restructuring activities in 2025.

Other Income and Expense

Interest Income

Three months ended September 30,Nine months ended September 30,20252024% Change20252024% Change(in thousands)(in thousands)Interest income$3,080 $3,819 (19)%$9,139 $11,604 (21)%

Interest income was $3.1 million for the three months ended September 30, 2025 compared to $3.8 million for the three months ended September 30, 2024, a decrease of $0.7 million, or 19%. This decrease was primarily driven by a decrease in interest rates and investment balance.

46

Interest income was $