Fastly, Inc.
Business
Fastly is an edge cloud infrastructure-as-a-service platform that enables organizations to build, secure, and deliver digital experiences at the edge of the internet. The company provides integrated content delivery, edge computing, unified application security, and observability capabilities through a single programmable platform. Fastly serves enterprises across ecommerce, streaming media, gaming, financial services, and other industries through its global network of points of presence and cloud-native architecture.
Summary from 10-K filed 2026-02-25
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenue | 624 | 544 | 506 | 433 | 354 | |
| Cost of revenue | 268 | 248 | 240 | 223 | 167 | |
| Gross profit | 356 | 296 | 266 | 210 | 187 | |
| Research and development | 163 | 138 | 152 | 155 | 127 | |
| Sales and marketing | 201 | 199 | 192 | 180 | 153 | |
| General and administrative | 111 | 113 | 116 | 121 | 127 | |
| Impairment expense | 415,000 | 4 | 4 | 0 | 0 | |
| Restructuring charges | 0 | 10 | 0 | 0 | — | |
| Total operating expenses | 475 | 464 | 464 | 456 | 406 | |
| Loss from operations | −119 | −168 | −198 | −246 | −219 | |
| Net gain on extinguishment of debt | 941,000 | 1 | 52 | 54 | 0 | |
| Interest income | 12 | 15 | 18 | 7 | 1 | |
| Interest expense | −13 | −3 | −4 | −6 | — | |
| Other expense, net | −721,000 | −1 | −2 | −29,000 | 356,000 | |
| Loss before income tax expense (benefit) | −119 | −155 | −133 | −191 | −223 | |
| Income tax expense (benefit) | 3 | 3 | −200,000 | 100,000 | 100,000 | |
| Net loss | −122 | −158 | −133 | −191 | −223 | |
| Net loss per share attributable to common stockholders, basic (in dollars per share) | −0.83 | −1.14 | −1.03 | −1.57 | −1.92 | |
| Net loss per share attributable to common stockholders, diluted (in dollars per share) | −0.83 | −1.14 | −1.03 | −1.57 | −1.92 | |
| Weighted-average shares used in computing net loss per share attributable to common stockholders, basic (in shares) | 147 | 138 | 129 | 122 | 116 | |
| Weighted-average shares used in computing net loss per share attributable to common stockholders, diluted (in shares) | 147 | 138 | 129 | 122 | 116 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 181 | 286 | 108 | 143 | 166 | |
| Marketable securities, current | 181 | 10 | 215 | 375 | — | |
| Accounts receivable, net of allowance for credit losses of $6,262 and $8,254 as of December 31, 2025 and December 31, 2024, respectively | 118 | 116 | 120 | 90 | 65 | |
| Prepaid expenses and other current assets | 27 | 28 | 20 | 29 | 32 | |
| Total current assets | 507 | 440 | 464 | 636 | 625 | |
| Property and equipment, net | 187 | 179 | 177 | 180 | 167 | |
| Operating lease right-of-use assets, net | 52 | 50 | 55 | 68 | 70 | |
| Goodwill | 670 | 670 | 670 | 670 | 637 | |
| Intangible assets, net | 26 | 43 | 62 | 83 | 103 | |
| Other assets | 58 | 68 | 91 | 93 | 29 | |
| Total assets | 1,499 | 1,451 | 1,525 | 1,896 | 2,159 | |
| Accounts payable | 18 | 6 | 6 | 5 | 9 | |
| Accrued expenses | 71 | 42 | 62 | 61 | 36 | |
| Long-term debt, current | 39 | 0 | — | — | — | |
| Finance lease liabilities, current | 0 | 2 | 16 | 29 | 21 | |
| Operating lease liabilities, current | 24 | 25 | 24 | 23 | 20 | |
| Deferred revenue | 35 | 27 | — | — | — | |
| Other current liabilities | 7 | 3 | 41 | 34 | 45 | |
| Total current liabilities | 194 | 104 | 148 | 152 | 132 | |
| Long-term debt, net | 323 | 338 | 344 | 705 | 933 | |
| Operating lease liabilities, non-current | 44 | 40 | 48 | 61 | 55 | |
| Other long-term liabilities | 9 | 4 | 4 | 7 | 3 | |
| Total liabilities | 570 | 486 | 546 | 941 | 1,145 | |
| Commitments and contingencies (Note 9) | — | — | — | — | — | |
| Additional paid-in capital | 2,044 | 1,958 | 1,815 | 1,666 | 1,527 | |
| Accumulated other comprehensive loss | −41,000 | −100,000 | −1 | −9 | −3 | |
| Accumulated deficit | −1,114 | −993 | −835 | −702 | −511 | |
| Total stockholders equity | 930 | 965 | 979 | 955 | 1,014 | |
| Total liabilities and stockholders equity | 1,499 | 1,451 | 1,525 | 1,896 | 2,159 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation expense | 61 | 54 | 52 | 43 | 29 | |
| Amortization of intangible assets | 17 | 20 | 20 | 22 | 21 | |
| Non-cash lease expense | 22 | 22 | 23 | 25 | 23 | |
| Amortization of debt discount and issuance costs | 906,000 | 1 | 2 | 3 | 3 | |
| Amortization of deferred contract costs | 19 | 19 | 16 | 9 | 6 | |
| Stock-based compensation | 117 | 108 | 136 | 146 | 140 | |
| Deferred income taxes | 1 | 2 | −900,000 | 0 | 0 | |
| Provision for credit losses | 4 | 4 | 2 | 2 | 196,000 | |
| Loss on disposals of property and equipment | 186,000 | 540,000 | 505,000 | 854,000 | −300,000 | |
| Accretion of discounts on investments | −5 | −4 | −646,000 | 3 | 2 | |
| Impairment of operating lease right-of-use assets | 0 | 371,000 | 744,000 | 2 | — | |
| Other adjustments | 549,000 | −814,000 | 648,000 | 4 | 4,000 | |
| Accounts receivable, net | −6 | 676,000 | −33 | −27 | −15 | |
| Prepaid expenses and other current assets | 2 | −8 | 9 | −7 | −5 | |
| Other assets | −20 | −12 | −23 | −35 | −10 | |
| Accounts payable | 4 | 611,000 | 382,000 | −5 | 146,000 | |
| Accrued expenses | −447,000 | −3 | −8 | 8 | 4 | |
| Operating lease liabilities | −21 | −27 | −22 | −23 | −23 | |
| Other liabilities | 18 | −6 | 7 | 4 | 7 | |
| Net cash provided by operating activities | 94 | 16 | 362,000 | −70 | −38 | |
| Purchases of marketable securities | −390 | −155 | −132 | −355 | −928 | |
| Sales of marketable securities | 26 | 0 | 26 | 162 | 67 | |
| Maturities of marketable securities | 197 | 371 | 434 | 535 | 118 | |
| Advance payment for purchase of property and equipment | 0 | −790,000 | 0 | −42 | 0 | |
| Purchases of property and equipment | −29 | −10 | −11 | −20 | −35 | |
| Proceeds from sale of property and equipment | 44,000 | 24,000 | 49,000 | 492,000 | 588,000 | |
| Capitalized internal-use software | −18 | −26 | −21 | −18 | −13 | |
| Net cash (used in) provided by investing activities | −213 | 179 | 295 | 236 | −795 | |
| Proceeds from issuance of convertible notes | 180 | 0 | 0 | 0 | 931 | |
| Payments of issuance costs for convertible notes | −6 | −6 | 0 | 0 | −1 | |
| Cash paid for debt extinguishment | −149 | 0 | −311 | −177 | 0 | |
| Payments for purchase of capped calls | −18 | 0 | 0 | — | — | |
| Repayments of finance lease liabilities | −2 | −15 | −27 | −23 | −14 | |
| Payment of deferred consideration for business acquisitions | 0 | −4 | −4 | 0 | 0 | |
| Proceeds from exercise of vested stock options | 1 | 1 | 2 | 6 | 13 | |
| Proceeds from employee stock purchase plan | 7 | 6 | 9 | 5 | 8 | |
| Net cash (used in) provided by financing activities | 13 | −17 | −331 | −189 | 937 | |
| Effects of exchange rate changes on cash, cash equivalents, and restricted cash | 215,000 | −103,000 | 608,000 | −390,000 | −477,000 | |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | −106 | 178 | −35 | −23 | 103 | |
| Cash paid for interest | 12 | 527,000 | 2 | 3 | 2 | |
| Cash paid for income taxes, net of refunds received | 1 | 809,000 | 331,000 | 250,000 | 267,000 | |
| Cash paid for finance lease interest | 15,000 | 378,000 | 1 | 2 | −2 | |
| Property and equipment additions not yet paid in cash or financed | 8 | 983,000 | 640,000 | 1 | — | |
| Capitalized stock-based compensation | 7 | 10 | 10 | 8 | — | |
| Assets obtained in exchange for operating lease obligations | 7 | 9 | 6 | 30 | 32 | |
| Net noncash change in operating lease assets and liabilities associated with modifications and terminations | 16 | 10 | −4 | 3 | 0 | |
| Deployments of prepaid capital equipment | 9 | 15 | 9 | 5 | 0 | |
| Debt issued in exchange for extinguishment of existing notes | 0 | 156 | 0 | 0 | — | |
| Debt retired in exchange for issuance of new notes | 0 | −157 | 0 | 0 | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Fastly, Inc.'s CIK number?
Fastly, Inc.'s SEC CIK number is 0001517413 (1517413). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Fastly, Inc.'s SEC filings?
All of Fastly, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Fastly, Inc. last report earnings?
Fastly, Inc. (FSLY) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001517413-26-000129). This is Fastly, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Fastly, Inc.'s most recent earnings 8-K?
Fastly, Inc.'s latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0001517413-26-000129. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Fastly, Inc.'s latest earnings 8-K →
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