Company: FSLY
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001517413-25-000218
Chunk: 319

Company: Fastly, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 319
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 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 June 30, 2025Level 1Level 2Level 3Total(in thousands)Cash equivalents:Money market funds$25,663 $— $— $25,663 U.S. Treasury securities— 2,479 — 2,479 Commercial paper— 3,449 — 3,449 Municipal securities— 1,100 — 1,100 Total cash equivalents25,663 7,028 — 32,691 Marketable securities:U.S. Treasury securities— 82,356 — 82,356 Corporate notes and bonds— 74,156 — 74,156 Commercial paper— 80,810 — 80,810 Certificates of deposit— 400 — 400 Agency bonds— 999 — 999 Total marketable securities— 238,721 — 238,721 Total financial assets$25,663 $245,749 $— $271,412 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 

17

The Company had no restricted cash as of either June 30, 2025 and December 31, 2024. There were no transfers of assets and liabilities measured at fair value between Level 1 and Level 2, or between Level 2 and Level 3, during the three and six months ended June 30, 2025 and 2024.

5.     Balance Sheet Information

Property and Equipment, Net