NASDAQ : FSLY
Fastly, Inc. — Financial statements
Technology · Software - Application · United States
Last price 23.115 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 3.68B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Fastly, Inc. (FSLY) reported revenue of 687.17M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 687.17M | 624.02M | 543.68M | 505.99M | 432.73M | 354.33M |
| Cost of Revenue | 264.75M | 267.81M | 247.74M | 239.66M | 222.94M | 167.00M |
| Gross Profit | 422.42M | 356.20M | 295.94M | 266.33M | 209.78M | 187.33M |
| Selling, General & Admin | 337.57M | 312.13M | 312.01M | 307.85M | 298.67M | 279.49M |
| Research & Development | 167.06M | 162.66M | 137.98M | 152.19M | 155.31M | 126.86M |
| Operating Expenses | 504.63M | 474.79M | 449.99M | 460.04M | 453.98M | 406.35M |
| Operating Income | -82.21M | -118.58M | -154.05M | -193.71M | -244.20M | -219.02M |
| Interest Expense | -13.02M | -12.70M | -2.75M | -4.05M | -5.89M | -5.25M |
| Interest & Investment Income | 12.00M | 12.29M | 14.87M | 18.19M | 7.04M | 1.28M |
| Currency Exchange Gain (Loss) | -1.46M | -721.00K | -1.03M | -1.83M | -29.00K | 356.00K |
| Other Non Operating Income (Expenses) | -1.30M | |||||
| EBT Excluding Unusual Items | -84.68M | -119.72M | -142.96M | -182.71M | -243.07M | -222.63M |
| Merger & Restructuring Charges | -9.72M | -2.00M | ||||
| Asset Writedown | -415.00K | -4.14M | -3.02M | |||
| Other Unusual Items | 941.00K | 941.00K | 1.36M | 52.42M | 54.39M | |
| Pretax Income | -83.74M | -119.19M | -155.45M | -133.31M | -190.68M | -222.63M |
| Income Tax Expense | -2.64M | 2.49M | 2.60M | -221.00K | 94.00K | 69.00K |
| Net Income | -81.10M | -121.68M | -158.06M | -133.09M | -190.77M | -222.70M |
| Net Income to Common | -81.10M | -121.68M | -158.06M | -133.09M | -190.77M | -222.70M |
| Shares Outstanding (Basic) | 152.43M | 146.90M | 138.10M | 128.77M | 121.72M | 116.05M |
| Shares Outstanding (Diluted) | 152.43M | 146.90M | 138.10M | 128.77M | 121.72M | 116.05M |
| EPS (Basic) | -0.53 | -0.83 | -1.14 | -1.03 | -1.57 | -1.92 |
| EPS (Diluted) | -0.53 | -0.83 | -1.14 | -1.03 | -1.57 | -1.92 |
| Free Cash Flow | 50.68M | 65.75M | 5.29M | -10.61M | -131.80M | -73.30M |
| Free Cash Flow Per Share | 0.33 | 0.45 | 0.04 | -0.08 | -1.08 | -0.63 |
| Gross Margin | 61.47% | 57.08% | 54.43% | 52.63% | 48.48% | 52.87% |
| Operating Margin | -11.96% | -19.00% | -28.34% | -38.28% | -56.43% | -61.81% |
| Profit Margin | -11.80% | -19.50% | -29.07% | -26.30% | -44.09% | -62.85% |
| Free Cash Flow Margin | 7.38% | 10.54% | 0.97% | -2.10% | -30.46% | -20.69% |
| EBITDA | -38.51M | -63.33M | -97.42M | -135.69M | -188.48M | -173.58M |
| EBITDA Margin | -5.60% | -10.15% | -17.92% | -26.82% | -43.56% | -48.99% |
| D&A For EBITDA | 43.70M | 55.25M | 56.64M | 58.03M | 55.72M | 45.44M |
| EBIT | -82.21M | -118.58M | -154.05M | -193.71M | -244.20M | -219.02M |
| EBIT Margin | -11.96% | -19.00% | -28.34% | -38.28% | -56.43% | -61.81% |
| Advertising Expenses | 5.10M | 5.80M | 4.60M | 2.50M | 2.30M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 89.80M | 180.56M | 286.18M | 107.92M | 143.39M | 166.07M |
| Short-Term Investments | 247.70M | 181.20M | 9.71M | 214.80M | 374.58M | 361.80M |
| Cash & Short-Term Investments | 337.50M | 361.76M | 295.88M | 322.72M | 517.97M | 527.86M |
| Receivables | 114.22M | 118.03M | 115.99M | 120.50M | 89.58M | 64.62M |
| Prepaid Expenses | 27.33M | 16.74M | 22.45M | 20.30M | 28.78M | 32.16M |
| Restricted Cash | 150.00K | 150.00K | ||||
| Other Current Assets | 10.18M | 5.87M | ||||
| Total Current Assets | 479.05M | 506.71M | 440.19M | 463.67M | 636.48M | 624.65M |
| Property, Plant & Equipment | 278.57M | 238.85M | 229.53M | 169.22M | 203.32M | 208.69M |
| Long-Term Investments | 6.09M | 165.10M | 528.91M | |||
| Goodwill | 670.36M | 670.36M | 670.36M | 670.36M | 670.18M | 636.80M |
| Other Intangible Assets | 21.23M | 25.77M | 42.88M | 125.08M | 128.40M | 130.50M |
| Long-Term Deferred Charges | 42.89M | 47.59M | 52.58M | 61.98M | 50.52M | 23.83M |
| Other Long-Term Assets | 11.55M | 10.20M | 15.82M | 28.80M | 42.10M | 5.64M |
| Total Assets | 1.50B | 1.50B | 1.45B | 1.53B | 1.90B | 2.16B |
| Accounts Payable | 20.12M | 17.61M | 6.04M | 5.61M | 4.79M | 9.26M |
| Accrued Expenses | 48.37M | 65.87M | 37.36M | 57.47M | 52.46M | 28.04M |
| Current Portion of Long-Term Debt | 38.56M | |||||
| Current Portion of Leases | 30.10M | 24.43M | 27.48M | 39.73M | 51.98M | 41.40M |
| Current Income Taxes Payable | 4.57M | 4.80M | 4.27M | 4.34M | 8.70M | 8.07M |
| Current Unearned Revenue | 34.27M | 35.23M | 26.51M | 33.82M | 28.05M | 26.42M |
| Other Current Liabilities | 5.10M | 7.50M | 2.80M | 6.71M | 6.35M | 18.69M |
| Total Current Liabilities | 142.52M | 194.00M | 104.46M | 147.69M | 152.32M | 131.87M |
| Long-Term Debt | 323.96M | 323.28M | 337.61M | 343.51M | 704.71M | 933.21M |
| Long-Term Leases | 44.23M | 43.92M | 39.56M | 50.09M | 76.85M | 77.41M |
| Long-Term Unearned Revenue | 1.98M | 5.58M | 3.07M | 4.33M | 2.50M | 2.49M |
| Other Long-Term Liabilities | 133.00K | 3.11M | 1.40M | 90.00K | 4.58M | 97.00K |
| Total Liabilities | 512.83M | 569.90M | 486.11M | 545.70M | 940.96M | 1.15B |
| Common Stock | 3.00K | 3.00K | 3.00K | 3.00K | 2.00K | 2.00K |
| Additional Paid-In Capital | 2.14B | 2.04B | 1.96B | 1.82B | 1.67B | 1.53B |
| Retained Earnings | -1.15B | -1.11B | -992.81M | -834.75M | -701.66M | -510.89M |
| Comprehensive Income & Other | -493.00K | -41.00K | -100.00K | -1.01M | -9.29M | -2.63M |
| Total Common Equity | 990.82M | 929.58M | 965.25M | 979.49M | 955.16M | 1.01B |
| Shareholders' Equity | 990.82M | 929.58M | 965.25M | 979.49M | 955.16M | 1.01B |
| Total Liabilities & Equity | 1.50B | 1.50B | 1.45B | 1.53B | 1.90B | 2.16B |
| Total Debt | 398.29M | 430.19M | 404.66M | 433.32M | 833.54M | 1.05B |
| Net Cash (Debt) | -60.79M | -68.43M | -108.78M | -104.51M | -150.46M | 4.77M |
| Net Cash Per Share | -0.40 | -0.47 | -0.79 | -0.81 | -1.24 | 0.04 |
| Filing Date Shares Outstanding | 159.30M | 151.80M | 142.30M | 134.20M | 125.40M | 120.30M |
| Total Common Shares Outstanding | 159.07M | 151.54M | 142.09M | 132.99M | 124.34M | 104.18M |
| Working Capital | 336.52M | 312.71M | 335.74M | 315.98M | 484.16M | 492.78M |
| Book Value Per Share | 6.23 | 6.13 | 6.79 | 7.37 | 7.68 | 9.73 |
| Tangible Book Value | 299.23M | 233.45M | 252.02M | 184.06M | 156.57M | 246.65M |
| Tangible Book Value Per Share | 1.88 | 1.54 | 1.77 | 1.38 | 1.26 | 2.37 |
| Machinery | 328.96M | 281.84M | 240.52M | 152.98M | 150.68M | 142.03M |
| Leasehold Improvements | 8.17M | 8.18M | 8.14M | 8.61M | 8.37M | 4.63M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -81.10M | -121.68M | -158.06M | -133.09M | -190.77M | -222.70M |
| Depreciation & Amortization | 43.70M | 55.25M | 56.64M | 58.03M | 55.72M | 45.44M |
| Other Amortization | 43.80M | 42.88M | 37.00M | 32.02M | 20.68M | 14.08M |
| Loss (Gain) From Sale of Assets | 496.00K | 186.00K | 540.00K | 505.00K | 854.00K | -300.00K |
| Asset Writedown & Restructuring Costs | 415.00K | 4.51M | 5.06M | 2.08M | ||
| Loss (Gain) From Sale of Investments | -4.54M | -4.70M | -3.97M | -646.00K | 3.14M | 2.22M |
| Stock-Based Compensation | 135.56M | 117.32M | 107.93M | 136.30M | 145.80M | 140.49M |
| Provision & Write-off of Bad Debts | 4.72M | 4.18M | 3.83M | 2.02M | 2.41M | 196.00K |
| Other Operating Activities | 19.55M | 23.49M | 22.09M | -29.99M | -25.25M | 23.07M |
| Change in Accounts Receivable | -1.62M | -6.22M | 676.00K | -32.95M | -27.36M | -14.56M |
| Change in Accounts Payable | 6.78M | 4.49M | 611.00K | 382.00K | -4.72M | 146.00K |
| Change in Other Net Operating Assets | -47.79M | -21.16M | -55.39M | -37.29M | -52.20M | -26.56M |
| Operating Cash Flow | 119.56M | 94.44M | 16.41M | 362.00K | -69.63M | -38.48M |
| Capital Expenditures | -68.88M | -28.69M | -11.12M | -10.98M | -62.17M | -34.82M |
| Sale of Property, Plant & Equipment | 10.00K | 44.00K | 24.00K | 49.00K | 492.00K | 588.00K |
| Cash Acquisitions | -25.90M | -1.17M | ||||
| Sale (Purchase) of Intangibles | -16.24M | -17.66M | -26.09M | -21.29M | -18.15M | -15.57M |
| Investment in Securities | -4.73M | -166.72M | 216.09M | 327.16M | 341.48M | -743.54M |
| Investing Cash Flow | -89.84M | -213.03M | 178.90M | 294.94M | 235.75M | -794.51M |
| Long-Term Debt Issued | 180.00M | 930.77M | ||||
| Long-Term Debt Repaid | -2.33M | -14.96M | -27.18M | -22.53M | -13.57M | |
| Net Debt Issued (Repaid) | 141.33M | 177.67M | -14.96M | -27.18M | -22.53M | 917.21M |
| Issuance of Common Stock | 9.80M | 8.05M | 7.36M | 10.73M | 21.12M | 20.70M |
| Other Financing Activities | -173.46M | -172.96M | -9.50M | -314.93M | -187.74M | -1.35M |
| Financing Cash Flow | -22.33M | 12.76M | -17.10M | -331.38M | -189.15M | 936.55M |
| Foreign Exchange Rate Adjustments | -73.00K | 215.00K | -103.00K | 608.00K | -390.00K | -477.00K |
| Net Cash Flow | 7.31M | -105.61M | 178.10M | -35.47M | -23.42M | 103.08M |
| Free Cash Flow | 50.68M | 65.75M | 5.29M | -10.61M | -131.80M | -73.30M |
| Free Cash Flow Margin | 7.38% | 10.54% | 0.97% | -2.10% | -30.46% | -20.69% |
| Free Cash Flow Per Share | 0.33 | 0.45 | 0.04 | -0.08 | -1.08 | -0.63 |
| Levered Free Cash Flow | 86.97M | 140.45M | 32.00M | 55.67M | -26.29M | 7.05M |
| Unlevered Free Cash Flow | 93.87M | 147.48M | 32.34M | 55.72M | -25.78M | 7.15M |
| Cash Interest Paid | 11.75M | 11.57M | 527.00K | 1.57M | 2.66M | 1.94M |
| Cash Income Tax Paid | 1.19M | 1.34M | 809.00K | 331.00K | 250.00K | 267.00K |
| Change in Working Capital | -42.63M | -22.89M | -54.11M | -69.86M | -84.28M | -40.98M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.68B | 1.52B | 1.32B | 2.33B | 989.83M | 4.17B |
| Enterprise Value | 3.74B | 1.59B | 1.43B | 2.43B | 1.11B | 4.14B |
| Last Close Price | 23.11 | 10.18 | 9.44 | 17.80 | 8.19 | 35.45 |
| Forward PE | 43.20 | 74.74 | ||||
| PS Ratio | 5.36 | 2.44 | 2.44 | 4.60 | 2.29 | 11.76 |
| PB Ratio | 3.71 | 1.64 | 1.37 | 2.38 | 1.04 | 4.11 |
| P/TBV Ratio | 12.31 | 6.51 | 5.25 | 12.65 | 6.32 | 16.89 |
| P/FCF Ratio | 72.66 | 23.13 | 250.56 | |||
| P/OCF Ratio | 30.80 | 16.10 | 80.73 | 6,431.60 | ||
| EV/Sales Ratio | 5.45 | 2.54 | 2.63 | 4.81 | 2.56 | 11.69 |
| EV/FCF Ratio | 73.86 | 24.14 | 270.52 | |||
| Debt / Equity Ratio | 0.40 | 0.46 | 0.42 | 0.44 | 0.87 | 1.04 |
| Debt / FCF Ratio | 7.86 | 6.54 | 76.55 | |||
| Net Debt / Equity Ratio | 0.06 | 0.07 | 0.11 | 0.11 | 0.16 | -0.01 |
| Net Debt / EBITDA Ratio | -1.58 | -1.08 | -1.12 | -0.77 | -0.80 | 0.03 |
| Net Debt / FCF Ratio | 1.20 | 1.04 | 20.58 | -9.85 | -1.14 | 0.07 |
| Asset Turnover | 0.46 | 0.42 | 0.36 | 0.30 | 0.21 | 0.21 |
| Quick Ratio | 3.17 | 2.47 | 3.94 | 3.00 | 3.99 | 4.49 |
| Current Ratio | 3.36 | 2.61 | 4.21 | 3.14 | 4.18 | 4.74 |
| Return on Equity (ROE) | -8.39% | -12.84% | -16.25% | -13.76% | -19.38% | -21.46% |
| Return on Assets (ROA) | -3.46% | -5.02% | -6.47% | -7.08% | -7.53% | -8.10% |
| Return on Capital Employed (ROCE) | -6.00% | -9.10% | -11.40% | -14.10% | -14.00% | -10.80% |
| Earnings Yield | -2.30% | -8.00% | -11.93% | -5.72% | -19.27% | -5.35% |
| FCF Yield | 1.38% | 4.32% | 0.40% | -0.46% | -13.32% | -1.76% |
| Buyback Yield / Dilution | -7.07% | -6.37% | -7.25% | -5.79% | -4.89% | -12.07% |