Fastly, Inc.

Listed Company

FSLYCIK 0001517413NasdaqLarge AcceleratedServices-Prepackaged SoftwareDelawareFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$-121.68M

Total Assets

$1.50B

Equity

$929.58M

Shares Out

151.80M

Op. Cash Flow

$94.44M

Business

Fastly, Inc. delivers an edge cloud platform that enables developers to build, secure, and deliver fast, safe, and engaging digital experiences at the edge of the Internet. Its main products and services include programmable CDN and network services, serverless compute (Fastly Compute), security solutions (Next‑Gen WAF, DDoS protection, bot management), observability tools, image and video streaming optimizations, and professional and managed services. The company organizes offerings across Network Services, Security, Compute, Observability, and Services segments. Fastly serves enterprises, mid‑market and developer‑led organizations worldwide through direct sales, cloud marketplaces, and channel, integration, and cloud partnerships.

Summary from filing dated 2025-02-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	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

As of · In millions, except per-share amounts

Concept	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

Year Ended · In millions, except per-share amounts

Concept	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

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