FSLY — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-05

• We are focused on continuing to attract new customers and expanding our relationship with existing customers by enhancing our product experience, investing in technology, and leveraging our partner ecosystem. Our customer base ranges from emerging companies to large enterprises undergoing digital tr…

• usage from our existing customers. We will continue to increase our discretionary marketing spend, including account-based, targeted demand generation and brand spend, to drive the effectiveness of our sales teams. As a result, we expect our total operating expenses to increase as we continue to exp…

• Many jurisdictions have enacted laws on data localization, data sovereignty, and cross-border data transfers, and the evolving enforcement and interpretation of such laws has created uncertainty regarding data stored abroad and transferred across borders, which could impact customer growth and acqui…

• In addition, international trade disputes may further disrupt or delay our supply chain for these components or lead to pricing increases. For example, the United States has imposed or indicated an intention to impose tariffs on certain countries which may lead to retaliatory actions such as counter…

• such large customers which generated 94% of the total annualized current quarter revenue for our total customers for the three months ended June 30, 2025.

Text removed vs the prior filing · source: 10-Q · 2026-05-06

• Organizations must keep up with a complex and ever-evolving landscape. We’ve built a powerful unified edge platform designed from the ground up to be programmable and support agile software development, and we continuously drive innovation to meet the ever changing needs of our customers. We believe…

• We generate substantially all of our revenue from charging our customers based on their usage of our platform, and we generate a substantial majority of our revenue from customers that have negotiated contracts with us. Customers typically choose to utilize our platform for Network Services, for whi…

• platform, as measured in gigabytes and requests. Many of our customers generate billings in excess of their minimum commitment. We also generate revenue from Security and Other product lines, including Compute and Observability, as well as professional and other services, such as implementation, acc…

• The majority of our revenue is usage based and changes in usage by our largest customers can create volatility in our revenue. We receive a substantial portion of our revenue from a limited number of customers and within a limited number of industries, such as media and entertainment. The length of …

• For the three months ended March 31, 2026 and 2025, our revenue was $173.0 million and $144.5 million, respectively, an increase of 20%. For the three months ended March 31, 2026 and 2025, we incurred a net loss of $20.5 million and $39.1 million, respectively.

Text added vs the prior filing · source: 10-Q · 2026-08-05

• There have been no material changes in our market risk exposures for the six months ended June 30, 2026, as compared to those disclosed in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025.

Text removed vs the prior filing · source: 10-Q · 2026-05-06

• We are exposed to certain market risks in the ordinary course of our business. These risks primarily include interest rate and currency exchange risks as follows:

• We had cash, cash equivalents, and marketable securities of $330.5 million as of March 31, 2026, which primarily consisted of money market funds, investment-grade commercial paper, corporate notes and bonds, U.S. treasury securities, municipal bonds, agency bonds, and certificates of deposit. The ca…

• The functional currency of our foreign subsidiaries is the U.S. dollar and our results of operations and cash flows are subject to fluctuations due to changes in foreign currency exchange rates relative to the U.S. dollar. The majority of our revenue is denominated in U.S. dollars. Our expenses are …

Text added vs the prior filing · source: 10-Q · 2026-08-05

• We maintain disclosure controls and procedures (as that term is defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) that are designed to ensure that information we are required to disclose in reports that we file or submit under the Exchange Act is recorded, processed, summarized, and r…

Text removed vs the prior filing · source: 10-Q · 2026-05-06

• Our disclosure controls and procedures are designed to ensure that information we are required to disclose in reports that we file or submit under the Exchange Act is recorded, processed, summarized, and reported within the time periods specified in SEC rules and forms, and that such information is …

• An effective internal control system, no matter how well designed, has inherent limitations, including the possibility of human error or overriding of controls, and therefore can provide only reasonable assurance with respect to reliable financial reporting. Because of its inherent limitations, our …

Text added vs the prior filing · source: 10-Q · 2026-08-05

• accounted for 11% of our revenue. For the six months ended June 30, 2026, there was one customer who accounted for 10% of our revenue. It is likely that we will continue to be dependent upon a limited number of customers for a significant portion of our revenues for the foreseeable future and, in so…

• We generated a net loss of $36.1 million for the six months ended June 30, 2026 and we had an accumulated deficit of $1,150.6 million. We will need to generate and sustain increased revenue levels and manage costs in future periods in order to become profitable; even if we achieve profitability, we …

• We are incorporated into the supply chain of a number of companies worldwide and, as a result, if our services are compromised, a significant number or, in some instances, all of our customers and their data could be simultaneously affected.

• In addition, supply-chain attacks have increased in frequency and severity, and we cannot guarantee that third parties’ infrastructure in our supply chain or our third-party partners’ supply chains have not been compromised. The potential liability and associated consequences we could suffer as a re…

• Applicable privacy and data security obligations may require us to notify relevant stakeholders, including affected individuals, customers, regulators, and investors of security incidents. For example, SEC rules require disclosure on Form 8-K of the nature, scope and timing of any material cybersecu…

Text removed vs the prior filing · source: 10-Q · 2026-05-06

• generated an aggregate of 10% and 9% of our revenue for the trailing 12 month periods ended March 31, 2026 and 2025, respectively. In addition, in April 2024, the former U.S. administration signed into law a bill that would effectively ban TikTok in the United States if ByteDance, its China-based pa…

• companies in the technology sector, including the risks described in this Quarterly Report on Form 10-Q. If we do not address these risks successfully, our business may be harmed.

• We are incorporated into the supply chain of a number of companies worldwide and, as a result, if our services are compromised, a significant number or, in some instances, all of our customers and their data could be simultaneously affected. In addition, supply-chain attacks have increased in freque…

• Applicable privacy and data security obligations may require us to notify relevant stakeholders, including affected individuals, customers, regulators, and investors of security incidents. For example, SEC rules require disclosure on Form 8-K of the nature, scope and timing of any material cybersecu…

• to adverse consequences. If we (or a third party upon whom we rely) experience any adverse impact to the availability, integrity, or confidentiality of our IT Systems or Sensitive Information, we may experience adverse consequences, such as government enforcement actions (for example, investigations…

Text added vs the prior filing · source: 10-Q · 2026-08-05

• 924,625, plus any shares awarded under the 2026 Bonus Program

• 215,595, plus any shares awarded under the 2026 Bonus Program

• 539,216, plus any shares awarded under the 2026 Bonus Program and ESPP shares to be purchased

• (1) On June 4, 2026, Artur Bergman, the Company's Chief Technology Officer and member of the Company's Board of Directors, entered into a 10b5-1 Plan, providing for the potential sale of up to 1,917,993 shares of the Company's Common Stock. However, because certain of Mr. Bergman’s planned sale amou…

• (2) On May 11, 2026, Charles Compton, the Company's Chief Executive Officer and member of the Company's Board of Directors, entered into a 10b5-1 Plan, providing for the potential sale of up to 924,625 shares of the Company's Common Stock, plus any shares awarded under the Company’s 2026 Bonus Progr…

Text removed vs the prior filing · source: 10-Q · 2026-05-06

• (1) On February 26, 2026, Christopher B. Paisley, a member of the Company's Board of Directors entered into a 10b5-1 Plan, providing for the potential sale of up to 20,000 shares of the Company's Common Stock. The plan expires on March 31, 2027, or upon the earlier completion of all authorized trans…