Fastly (FSLY) Financials

$7.20 -0.24 (-3.28%)

Closing price 05/23/2025 03:59 PM Eastern

Extended Trading

$7.20 0.00 (0.00%)

As of 05/23/2025 08:00 PM Eastern

Annual Income Statements for Fastly

This table shows Fastly's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	-158	-133	-191
Consolidated Net Income / (Loss)	-158	-133	-191
Net Income / (Loss) Continuing Operations	-158	-133	-191
Total Pre-Tax Income	-155	-133	-191
Total Operating Income	-168	-198	-246
Total Gross Profit	296	266	210
Total Revenue	544	506	433
Operating Revenue	544	506	433
Total Cost of Revenue	248	240	223
Operating Cost of Revenue	248	240	223
Total Operating Expenses	464	464	456
Selling, General & Admin Expense	113	116	121
Marketing Expense	199	192	180
Research & Development Expense	138	152	155
Restructuring Charge	9.72	0.00	0.00
Total Other Income / (Expense), net	12	65	56
Interest Expense	1.38	-48	-49
Interest & Investment Income	15	18	7.04
Other Income / (Expense), net	-1.03	-1.83	-0.03
Income Tax Expense	2.60	-0.22	0.09
Basic Earnings per Share	($1.14)	($1.03)	($1.57)
Weighted Average Basic Shares Outstanding	138.10M	128.77M	121.72M
Diluted Earnings per Share	($1.14)	($1.03)	($1.57)
Weighted Average Diluted Shares Outstanding	138.10M	128.77M	121.72M
Weighted Average Basic & Diluted Shares Outstanding	142.30M	134.20M	125.40M

This table shows Fastly's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-39	-33	-38	-44	-43	-23	-54	-11	-45	-47	-63
Consolidated Net Income / (Loss)	-39	-33	-38	-44	-43	-23	-54	-11	-45	-47	-63
Net Income / (Loss) Continuing Operations	-39	-33	-38	-44	-43	-23	-54	-11	-45	-47	-63
Total Pre-Tax Income	-38	-32	-38	-43	-43	-24	-54	-11	-45	-47	-63
Total Operating Income	-38	-34	-41	-47	-46	-43	-58	-50	-47	-48	-66
Total Gross Profit	77	75	75	73	73	76	66	64	60	63	53
Total Revenue	144	141	137	132	134	138	128	123	118	119	109
Operating Revenue	144	141	137	132	134	138	128	123	118	119	109
Total Cost of Revenue	68	66	62	59	60	62	62	59	57	57	56
Operating Cost of Revenue	68	66	62	59	60	62	62	59	57	57	56
Total Operating Expenses	115	109	115	120	119	118	124	114	108	111	118
Selling, General & Admin Expense	28	26	27	28	32	31	30	29	26	29	32
Marketing Expense	49	50	46	53	50	49	51	48	44	45	47
Research & Development Expense	37	33	32	35	38	38	39	37	37	37	39
Total Other Income / (Expense), net	-0.28	2.59	3.03	3.67	3.18	19	4.03	39	2.72	1.59	2.46
Interest Expense	3.17	-0.13	0.47	0.46	0.58	-15	0.86	-36	1.21	1.35	1.38
Interest & Investment Income	2.98	3.27	3.82	3.94	3.85	4.58	4.91	4.51	4.19	2.89	1.97
Other Income / (Expense), net	-0.08	-0.82	-0.32	0.19	-0.09	-0.76	-0.02	-0.80	-0.25	0.05	1.88
Income Tax Expense	0.69	1.14	0.46	0.66	0.35	-0.47	-0.00	0.11	0.14	-0.22	0.12
Basic Earnings per Share	($0.27)	($0.23)	($0.27)	($0.32)	($0.32)	($0.17)	($0.42)	($0.08)	($0.36)	($0.37)	($0.52)
Weighted Average Basic Shares Outstanding	143.28M	138.10M	139.24M	137.44M	134.59M	128.77M	129.87M	127.86M	125.42M	121.72M	122.34M
Diluted Earnings per Share	($0.27)	($0.23)	($0.27)	($0.32)	($0.32)	($0.17)	($0.42)	($0.08)	($0.36)	($0.37)	($0.52)
Weighted Average Diluted Shares Outstanding	143.28M	138.10M	139.24M	137.44M	134.59M	128.77M	129.87M	127.86M	125.42M	121.72M	122.34M
Weighted Average Basic & Diluted Shares Outstanding	144.80M	142.30M	140.30M	138.60M	136.60M	134.20M	130.80M	129.20M	127M	125.40M	123M

This table details how cash moves in and out of Fastly's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	178	-35	-23
Net Cash From Operating Activities	16	0.36	-70
Net Cash From Continuing Operating Activities	16	0.36	-70
Net Income / (Loss) Continuing Operations	-158	-133	-191
Consolidated Net Income / (Loss)	-158	-133	-191
Depreciation Expense	54	52	43
Amortization Expense	36	38	37
Non-Cash Adjustments To Reconcile Net Income	137	115	126
Changes in Operating Assets and Liabilities, net	-52	-71	-84
Net Cash From Investing Activities	179	295	236
Net Cash From Continuing Investing Activities	179	295	236
Purchase of Property, Plant & Equipment	-37	-32	-80
Acquisitions	0.00	0.00	-26
Purchase of Investments	-155	-132	-355
Sale of Property, Plant & Equipment	0.02	0.05	0.49
Sale and/or Maturity of Investments	371	459	697
Net Cash From Financing Activities	-17	-331	-189
Net Cash From Continuing Financing Activities	-17	-331	-189
Repayment of Debt	-21	-338	-200
Issuance of Common Equity	6.24	8.56	4.78
Other Financing Activities, net	-2.66	-2.22	5.69
Effect of Exchange Rate Changes	-0.10	0.61	-0.39
Cash Interest Paid	0.91	2.90	5.04
Cash Income Taxes Paid	0.81	0.33	0.25

This table details how cash moves in and out of Fastly's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-161	69	70	-3.76	43	-162	-3.44	-75	205	55	25
Net Cash From Operating Activities	17	5.22	5.00	-4.95	11	-7.38	-8.39	25	-8.86	-12	-28
Net Cash From Continuing Operating Activities	17	5.22	5.00	-4.95	11	-7.38	-8.39	25	-8.86	-12	-28
Net Income / (Loss) Continuing Operations	-39	-33	-38	-44	-43	-23	-54	-11	-45	-47	-63
Consolidated Net Income / (Loss)	-39	-33	-38	-44	-43	-23	-54	-11	-45	-47	-63
Depreciation Expense	15	14	14	13	13	14	13	13	12	11	11
Amortization Expense	9.34	9.46	8.97	8.54	8.67	8.66	9.36	10	9.77	9.71	9.01
Non-Cash Adjustments To Reconcile Net Income	33	30	33	35	38	27	46	6.85	35	44	48
Changes in Operating Assets and Liabilities, net	-0.63	-15	-13	-18	-5.86	-33	-23	5.91	-21	-30	-32
Net Cash From Investing Activities	-179	71	66	7.99	34	-37	7.68	105	220	73	62
Net Cash From Continuing Investing Activities	-179	71	66	7.99	34	-37	7.68	105	220	73	62
Purchase of Property, Plant & Equipment	-7.37	-11	-8.81	-9.38	-8.45	-8.60	-5.28	-11	-7.70	-24	-9.72
Purchase of Investments	-179	-	-38	-60	-57	-59	-73	-	0.00	-	-
Sale and/or Maturity of Investments	7.97	81	113	78	99	30	86	116	227	94	73
Net Cash From Financing Activities	0.83	-7.32	-1.11	-6.79	-1.88	-118	-2.68	-205	-5.71	-5.01	-8.39
Net Cash From Continuing Financing Activities	0.83	-7.32	-1.11	-6.79	-1.88	-118	-2.68	-205	-5.71	-5.01	-8.39
Repayment of Debt	-1.71	-8.28	-3.30	-4.24	-4.87	-120	-6.04	-203	-8.65	-4.43	-7.08
Issuance of Common Equity	2.13	0.16	2.17	1.03	2.88	1.55	2.22	2.19	2.60	-0.95	1.75
Other Financing Activities, net	0.41	0.81	0.02	-3.59	0.11	0.16	1.14	-3.86	0.34	0.36	-3.06
Effect of Exchange Rate Changes	0.08	-0.15	0.11	-0.01	-0.05	0.07	-0.05	0.47	0.12	0.04	-0.11
Cash Interest Paid	0.06	0.11	0.19	0.22	0.39	0.51	0.66	0.60	1.13	3.07	0.67
Cash Income Taxes Paid	0.45	0.07	0.21	0.23	0.29	-0.04	-0.08	0.27	0.18	0.03	0.05

This table presents Fastly's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	1,451	1,525	1,896
Total Current Assets	440	464	636
Cash & Equivalents	286	108	143
Short-Term Investments	9.71	215	375
Accounts Receivable	116	120	90
Prepaid Expenses	28	20	29
Plant, Property, & Equipment, net	179	177	180
Total Noncurrent Assets	832	885	1,079
Long-Term Investments	0.00	6.09	165
Goodwill	670	670	670
Intangible Assets	43	62	83
Other Noncurrent Operating Assets	119	146	161
Total Liabilities & Shareholders' Equity	1,451	1,525	1,896
Total Liabilities	486	546	941
Total Current Liabilities	104	148	152
Accounts Payable	6.04	5.61	4.79
Accrued Expenses	42	62	61
Other Current Liabilities	57	80	86
Total Noncurrent Liabilities	382	398	789
Long-Term Debt	338	344	705
Other Noncurrent Operating Liabilities	44	55	84
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	965	979	955
Total Preferred & Common Equity	965	979	955
Total Common Equity	965	979	955
Common Stock	1,958	1,815	1,666
Retained Earnings	-993	-835	-702
Accumulated Other Comprehensive Income / (Loss)	-0.10	-1.01	-9.29

This table presents Fastly's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	1,449	1,472	1,483	1,506	1,641	1,657	1,862	1,907
Total Current Assets	453	453	451	460	551	505	662	637
Cash & Equivalents	125	218	147	151	270	274	348	88
Short-Term Investments	182	91	165	179	158	124	198	445
Accounts Receivable	119	117	114	108	99	78	85	73
Prepaid Expenses	26	28	25	23	24	30	30	31
Plant, Property, & Equipment, net	178	180	177	178	172	179	180	179
Total Noncurrent Assets	819	838	855	868	917	973	1,021	1,090
Goodwill	670	670	670	670	670	670	670	670
Intangible Assets	38	48	53	58	67	73	78	88
Other Noncurrent Operating Assets	110	120	132	138	147	152	155	146
Total Liabilities & Shareholders' Equity	1,449	1,472	1,483	1,506	1,641	1,657	1,862	1,907
Total Liabilities	492	502	501	514	672	670	904	940
Total Current Liabilities	301	114	109	120	143	132	125	145
Short-Term Debt	188	-	-	-	-	-	-	-
Accounts Payable	9.80	11	5.53	5.49	5.72	5.56	4.67	8.27
Accrued Expenses	37	41	34	36	57	47	42	54
Other Current Liabilities	66	62	69	79	81	79	78	82
Total Noncurrent Liabilities	191	388	392	394	529	538	779	795
Long-Term Debt	150	344	344	344	473	472	705	704
Other Noncurrent Operating Liabilities	41	44	48	50	56	66	73	91
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	957	969	981	992	969	988	959	967
Total Preferred & Common Equity	957	969	981	992	969	988	959	967
Total Common Equity	957	969	981	992	969	988	959	967
Common Stock	1,989	1,929	1,903	1,871	1,782	1,748	1,711	1,635
Retained Earnings	-1,032	-960	-922	-878	-811	-757	-746	-655
Accumulated Other Comprehensive Income / (Loss)	-0.13	-0.02	-0.28	-0.52	-1.93	-3.15	-5.59	-13

This table displays calculated financial ratios and metrics derived from Fastly's official financial filings.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	7.45%	16.93%	22.12%
EBITDA Growth	28.22%	33.74%	-24.52%
EBIT Growth	15.47%	18.83%	-12.61%
NOPAT Growth	15.21%	19.57%	-12.41%
Net Income Growth	-18.76%	30.24%	14.33%
EPS Growth	-10.68%	34.39%	18.23%
Operating Cash Flow Growth	4,432.04%	100.52%	-80.95%
Free Cash Flow Firm Growth	16.46%	39.70%	-31.64%
Invested Capital Growth	1.29%	1.78%	9.70%
Revenue Q/Q Growth	0.52%	3.79%	5.25%
EBITDA Q/Q Growth	10.39%	5.34%	4.35%
EBIT Q/Q Growth	4.63%	2.47%	3.16%
NOPAT Q/Q Growth	4.68%	2.88%	3.22%
Net Income Q/Q Growth	-6.39%	14.88%	5.39%
EPS Q/Q Growth	-5.56%	16.26%	7.10%
Operating Cash Flow Q/Q Growth	330.72%	108.25%	-6.45%
Free Cash Flow Firm Q/Q Growth	12.09%	9.02%	-1.42%
Invested Capital Q/Q Growth	0.13%	1.37%	2.60%
Profitability Metrics	-	-	-
Gross Margin	54.43%	52.64%	48.48%
EBITDA Margin	-14.58%	-21.83%	-38.52%
Operating Margin	-30.89%	-39.14%	-56.90%
EBIT Margin	-31.07%	-39.50%	-56.90%
Profit (Net Income) Margin	-29.07%	-26.30%	-44.09%
Tax Burden Percent	101.68%	99.83%	100.05%
Interest Burden Percent	92.02%	66.70%	77.44%
Effective Tax Rate	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-11.75%	-14.07%	-18.46%
ROIC Less NNEP Spread (ROIC-NNEP)	-155.35%	16.38%	17.71%
Return on Net Nonoperating Assets (RNNOA)	-4.51%	0.31%	-0.92%
Return on Equity (ROE)	-16.25%	-13.76%	-19.38%
Cash Return on Invested Capital (CROIC)	-13.03%	-15.83%	-27.72%
Operating Return on Assets (OROA)	-11.35%	-11.68%	-12.14%
Return on Assets (ROA)	-10.62%	-7.78%	-9.41%
Return on Common Equity (ROCE)	-16.25%	-13.76%	-19.38%
Return on Equity Simple (ROE_SIMPLE)	-16.37%	-13.59%	-19.97%
Net Operating Profit after Tax (NOPAT)	-118	-139	-172
NOPAT Margin	-21.62%	-27.40%	-39.83%
Net Nonoperating Expense Percent (NNEP)	143.60%	-30.45%	-36.17%
Return On Investment Capital (ROIC_SIMPLE)	-9.02%	-10.48%	-10.38%
Cost of Revenue to Revenue	45.57%	47.36%	51.52%
SG&A Expenses to Revenue	20.86%	22.94%	27.92%
R&D to Revenue	25.38%	30.08%	35.89%
Operating Expenses to Revenue	85.32%	91.77%	105.37%
Earnings before Interest and Taxes (EBIT)	-169	-200	-246
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-79	-110	-167
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.37	2.38	1.05
Price to Tangible Book Value (P/TBV)	5.26	9.44	4.99
Price to Revenue (P/Rev)	2.44	4.60	2.33
Price to Earnings (P/E)	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.36	2.36	1.05
Enterprise Value to Revenue (EV/Rev)	2.51	4.63	2.38
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	83.27	6,472.21	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.35	0.35	0.74
Long-Term Debt to Equity	0.35	0.35	0.74
Financial Leverage	0.03	0.02	-0.05
Leverage Ratio	1.53	1.77	2.06
Compound Leverage Factor	1.41	1.18	1.59
Debt to Total Capital	25.91%	25.96%	42.46%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	25.91%	25.96%	42.46%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	74.09%	74.04%	57.54%
Debt to EBITDA	-4.26	-3.11	-4.23
Net Debt to EBITDA	-0.53	-0.13	-0.13
Long-Term Debt to EBITDA	-4.26	-3.11	-4.23
Debt to NOPAT	-2.87	-2.48	-4.09
Net Debt to NOPAT	-0.36	-0.11	-0.13
Long-Term Debt to NOPAT	-2.87	-2.48	-4.09
Altman Z-Score	0.95	1.94	0.23
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	4.21	3.14	4.18
Quick Ratio	3.94	3.00	3.99
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-130	-156	-259
Operating Cash Flow to CapEx	44.11%	1.12%	-87.23%
Free Cash Flow to Firm to Interest Expense	-94.31	0.00	0.00
Operating Cash Flow to Interest Expense	11.87	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-15.04	0.00	0.00
Efficiency Ratios	-	-	-
Asset Turnover	0.37	0.30	0.21
Accounts Receivable Turnover	4.60	4.82	5.61
Inventory Turnover	0.00	0.00	0.00
Fixed Asset Turnover	3.06	2.83	2.49
Accounts Payable Turnover	42.51	46.10	31.75
Days Sales Outstanding (DSO)	79.38	75.77	65.03
Days Inventory Outstanding (DIO)	0.00	0.00	0.00
Days Payable Outstanding (DPO)	8.59	7.92	11.50
Cash Conversion Cycle (CCC)	70.80	67.85	53.54
Capital & Investment Metrics	-	-	-
Invested Capital	1,007	994	977
Invested Capital Turnover	0.54	0.51	0.46
Increase / (Decrease) in Invested Capital	13	17	86
Enterprise Value (EV)	1,366	2,343	1,029
Market Capitalization	1,324	2,328	1,007
Book Value per Share	$6.88	$7.49	$7.77
Tangible Book Value per Share	$1.80	$1.89	$1.64
Total Capital	1,303	1,323	1,660
Total Debt	338	344	705
Total Long-Term Debt	338	344	705
Net Debt	42	15	22
Capital Expenditures (CapEx)	37	32	80
Debt-free, Cash-free Net Working Capital (DFCFNWC)	40	-6.74	-34
Debt-free Net Working Capital (DFNWC)	336	316	484
Net Working Capital (NWC)	336	316	484
Net Nonoperating Expense (NNE)	41	-5.53	18
Net Nonoperating Obligations (NNO)	42	15	22
Total Depreciation and Amortization (D&A)	90	89	80
Debt-free, Cash-free Net Working Capital to Revenue	7.33%	-1.33%	-7.81%
Debt-free Net Working Capital to Revenue	61.75%	62.45%	111.89%
Net Working Capital to Revenue	61.75%	62.45%	111.89%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($1.14)	($1.03)	($1.57)
Adjusted Weighted Average Basic Shares Outstanding	138.10M	128.77M	121.72M
Adjusted Diluted Earnings per Share	($1.14)	($1.03)	($1.57)
Adjusted Weighted Average Diluted Shares Outstanding	138.10M	128.77M	121.72M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	142.30M	134.20M	125.40M
Normalized Net Operating Profit after Tax (NOPAT)	-111	-139	-172
Normalized NOPAT Margin	-20.37%	-27.40%	-39.83%
Pre Tax Income Margin	-28.59%	-26.35%	-44.06%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	-122.25	0.00	0.00
NOPAT to Interest Expense	-85.05	0.00	0.00
EBIT Less CapEx to Interest Expense	-149.16	0.00	0.00
NOPAT Less CapEx to Interest Expense	-111.96	0.00	0.00
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Fastly's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	8.20%	2.03%	7.35%	7.77%	13.57%	15.47%	17.80%	19.81%	14.83%	22.11%	25.10%
EBITDA Growth	43.65%	43.58%	49.14%	10.84%	5.12%	22.82%	18.69%	45.48%	42.01%	21.70%	-36.14%
EBIT Growth	17.45%	18.92%	29.90%	8.08%	2.47%	10.47%	8.66%	28.33%	24.90%	14.24%	-16.39%
NOPAT Growth	17.47%	19.38%	30.43%	6.21%	2.15%	12.13%	11.29%	27.75%	24.97%	14.46%	-19.72%
Net Income Growth	9.85%	-40.62%	30.00%	-308.53%	2.82%	49.87%	14.36%	34.88%	30.46%	18.89%	-12.85%
EPS Growth	15.63%	-35.29%	35.71%	-300.00%	11.11%	54.05%	19.23%	42.86%	33.33%	24.49%	-8.33%
Operating Cash Flow Growth	55.30%	170.76%	159.62%	-119.80%	225.63%	39.17%	69.64%	249.82%	32.82%	-53.36%	-926.90%
Free Cash Flow Firm Growth	73.52%	21.99%	23.32%	31.49%	76.35%	60.77%	43.46%	25.48%	-271.45%	-45.16%	84.97%
Invested Capital Growth	-1.69%	1.29%	2.54%	2.93%	0.46%	1.78%	3.02%	5.91%	14.05%	9.70%	8.80%
Revenue Q/Q Growth	2.77%	2.46%	3.65%	-0.86%	-3.09%	7.79%	4.06%	4.48%	-1.47%	9.97%	5.84%
EBITDA Q/Q Growth	-15.51%	34.89%	25.94%	-1.16%	-15.66%	41.30%	-29.83%	-7.65%	5.92%	38.17%	12.95%
EBIT Q/Q Growth	-8.86%	14.08%	12.11%	-0.41%	-6.93%	25.72%	-15.26%	-6.53%	1.84%	24.22%	9.56%
NOPAT Q/Q Growth	-11.21%	15.42%	13.15%	-1.02%	-8.63%	27.01%	-17.09%	-5.40%	2.45%	26.31%	4.64%
Net Income Q/Q Growth	-19.04%	13.49%	13.06%	-0.70%	-85.70%	56.94%	-407.39%	76.05%	4.21%	26.44%	-285.84%
EPS Q/Q Growth	-17.39%	14.81%	15.63%	0.00%	-88.24%	59.52%	-425.00%	77.78%	2.70%	28.85%	-271.43%
Operating Cash Flow Q/Q Growth	231.19%	4.36%	201.09%	-144.45%	250.90%	12.07%	-133.57%	382.02%	26.94%	56.11%	-65.67%
Free Cash Flow Firm Q/Q Growth	73.42%	30.98%	13.34%	-66.58%	21.70%	32.17%	22.56%	42.50%	-29.89%	2.23%	-2.05%
Invested Capital Q/Q Growth	-1.94%	0.13%	-0.78%	0.91%	1.03%	1.37%	-0.40%	-1.51%	2.36%	2.60%	2.39%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	53.16%	53.40%	54.47%	55.07%	54.85%	55.00%	51.70%	52.28%	51.25%	52.45%	48.55%
EBITDA Margin	-9.52%	-8.47%	-13.33%	-18.65%	-18.28%	-15.31%	-28.12%	-22.54%	-21.88%	-22.91%	-40.75%
Operating Margin	-26.43%	-24.42%	-29.58%	-35.31%	-34.65%	-30.91%	-45.65%	-40.57%	-40.21%	-40.61%	-60.61%
EBIT Margin	-26.48%	-25.00%	-29.81%	-35.16%	-34.71%	-31.46%	-45.66%	-41.22%	-40.42%	-40.58%	-58.88%
Profit (Net Income) Margin	-27.10%	-23.39%	-27.71%	-33.04%	-32.52%	-16.97%	-42.49%	-8.71%	-38.01%	-39.10%	-58.45%
Tax Burden Percent	101.80%	103.59%	101.21%	101.53%	100.81%	98.05%	100.00%	101.04%	100.30%	99.52%	100.19%
Interest Burden Percent	100.52%	90.32%	91.82%	92.54%	92.95%	55.02%	93.07%	20.92%	93.74%	96.82%	99.08%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-10.30%	-9.29%	-11.28%	-13.15%	-12.63%	-11.11%	-16.12%	-13.89%	-13.44%	-13.18%	-19.09%
ROIC Less NNEP Spread (ROIC-NNEP)	-68.00%	-40.67%	-50.93%	-88.13%	-53.62%	24.25%	952.71%	-86.04%	26.00%	11.80%	3.25%
Return on Net Nonoperating Assets (RNNOA)	-1.50%	-1.18%	-1.27%	-1.32%	-1.48%	0.46%	-1.37%	2.91%	-0.79%	-0.61%	-0.26%
Return on Equity (ROE)	-11.80%	-10.47%	-12.55%	-14.46%	-14.11%	-10.65%	-17.49%	-10.98%	-14.23%	-13.79%	-19.35%
Cash Return on Invested Capital (CROIC)	-9.53%	-13.03%	-14.93%	-16.47%	-14.22%	-15.83%	-17.74%	-21.20%	-30.33%	-27.72%	-27.93%
Operating Return on Assets (OROA)	-9.94%	-9.13%	-10.36%	-11.90%	-10.76%	-9.31%	-12.55%	-10.75%	-9.06%	-8.66%	-11.97%
Return on Assets (ROA)	-10.17%	-8.55%	-9.63%	-11.18%	-10.08%	-5.02%	-11.68%	-2.27%	-8.52%	-8.34%	-11.88%
Return on Common Equity (ROCE)	-11.80%	-10.47%	-12.55%	-14.46%	-14.11%	-10.65%	-17.49%	-10.98%	-14.23%	-13.79%	-19.35%
Return on Equity Simple (ROE_SIMPLE)	-16.07%	0.00%	-15.32%	-16.80%	-13.29%	0.00%	-16.14%	-16.75%	-17.86%	0.00%	-20.85%
Net Operating Profit after Tax (NOPAT)	-27	-24	-28	-33	-32	-30	-41	-35	-33	-34	-46
NOPAT Margin	-18.50%	-17.09%	-20.71%	-24.71%	-24.25%	-21.64%	-31.95%	-28.40%	-28.15%	-28.43%	-42.43%
Net Nonoperating Expense Percent (NNEP)	57.70%	31.38%	39.65%	74.98%	40.99%	-35.36%	-968.83%	72.15%	-39.43%	-24.98%	-22.35%
Return On Investment Capital (ROIC_SIMPLE)	-2.06%	-1.84%	-	-	-	-2.25%	-	-	-	-2.04%	-
Cost of Revenue to Revenue	46.84%	46.60%	45.53%	44.93%	45.15%	45.00%	48.30%	47.72%	48.75%	47.55%	51.45%
SG&A Expenses to Revenue	19.54%	18.60%	19.80%	21.48%	23.70%	22.81%	23.47%	23.47%	21.97%	24.49%	29.94%
R&D to Revenue	25.91%	23.29%	23.24%	26.52%	28.65%	27.78%	30.57%	30.47%	31.84%	31.17%	35.90%
Operating Expenses to Revenue	79.58%	77.82%	84.06%	90.38%	89.50%	85.91%	97.35%	92.84%	91.46%	93.06%	109.16%
Earnings before Interest and Taxes (EBIT)	-38	-35	-41	-47	-46	-43	-58	-51	-48	-48	-64
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-14	-12	-18	-25	-24	-21	-36	-28	-26	-27	-44
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.94	1.37	1.08	1.03	1.71	2.38	2.56	2.03	2.32	1.05	1.16
Price to Tangible Book Value (P/TBV)	3.62	5.26	4.17	3.90	6.43	9.44	10.73	8.18	10.57	4.99	5.36
Price to Revenue (P/Rev)	1.62	2.44	1.94	1.89	3.25	4.60	5.08	4.28	4.97	2.33	2.72
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.94	1.36	1.08	1.03	1.70	2.36	2.54	2.03	2.27	1.05	1.16
Enterprise Value to Revenue (EV/Rev)	1.68	2.51	2.01	1.96	3.27	4.63	5.11	4.27	5.06	2.38	2.68
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	41.27	83.27	284.97	0.00	83.96	6,472.21	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.35	0.35	0.36	0.35	0.35	0.35	0.49	0.48	0.74	0.74	0.73
Long-Term Debt to Equity	0.16	0.35	0.36	0.35	0.35	0.35	0.49	0.48	0.74	0.74	0.73
Financial Leverage	0.02	0.03	0.03	0.01	0.03	0.02	0.00	-0.03	-0.03	-0.05	-0.08
Leverage Ratio	1.52	1.53	1.61	1.59	1.73	1.77	1.83	1.81	2.07	2.06	2.04
Compound Leverage Factor	1.52	1.38	1.47	1.48	1.61	0.97	1.71	0.38	1.94	1.99	2.02
Debt to Total Capital	26.09%	25.91%	26.22%	25.97%	25.74%	25.96%	32.80%	32.35%	42.39%	42.46%	42.13%
Short-Term Debt to Total Capital	14.51%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	11.58%	25.91%	26.22%	25.97%	25.74%	25.96%	32.80%	32.35%	42.39%	42.46%	42.13%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	73.91%	74.09%	73.78%	74.03%	74.26%	74.04%	67.20%	67.65%	57.61%	57.54%	57.87%
Debt to EBITDA	-4.92	-4.26	-3.89	-3.24	-3.15	-3.11	-4.05	-3.78	-4.76	-4.23	-4.04
Net Debt to EBITDA	-0.44	-0.53	-0.41	-0.31	-0.12	-0.13	-0.10	0.02	-0.28	-0.13	0.09
Long-Term Debt to EBITDA	-2.18	-4.26	-3.89	-3.24	-3.15	-3.11	-4.05	-3.78	-4.76	-4.23	-4.04
Debt to NOPAT	-3.02	-2.87	-2.79	-2.54	-2.49	-2.48	-3.31	-3.19	-4.37	-4.09	-3.95
Net Debt to NOPAT	-0.27	-0.36	-0.29	-0.24	-0.09	-0.11	-0.09	0.02	-0.26	-0.13	0.08
Long-Term Debt to NOPAT	-1.34	-2.87	-2.79	-2.54	-2.49	-2.48	-3.31	-3.19	-4.37	-4.09	-3.95
Altman Z-Score	0.52	1.25	0.89	0.87	1.68	2.28	2.00	1.61	1.42	0.57	0.65
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.50	4.21	3.97	4.13	3.83	3.14	3.85	3.84	5.28	4.18	4.41
Quick Ratio	1.42	3.94	3.72	3.89	3.63	3.00	3.68	3.61	5.05	3.99	4.19
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-9.79	-37	-53	-62	-37	-47	-70	-90	-156	-120	-123
Operating Cash Flow to CapEx	234.64%	49.38%	56.75%	-52.88%	131.77%	-85.83%	-159.41%	233.99%	-115.36%	-51.36%	-288.15%
Free Cash Flow to Firm to Interest Expense	-3.08	0.00	-112.81	-132.69	-63.83	0.00	-80.73	0.00	-128.85	-88.87	-89.12
Operating Cash Flow to Interest Expense	5.45	0.00	10.58	-10.66	19.23	0.00	-9.73	0.00	-7.31	-8.96	-20.01
Operating Cash Flow Less CapEx to Interest Expense	3.13	0.00	-8.06	-30.83	4.64	0.00	-15.84	0.00	-13.64	-26.40	-26.95
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.38	0.37	0.35	0.34	0.31	0.30	0.27	0.26	0.22	0.21	0.20
Accounts Receivable Turnover	4.90	4.60	5.02	5.53	5.41	4.82	5.68	6.39	5.63	5.61	6.47
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	3.12	3.06	3.07	2.99	2.92	2.83	2.78	2.65	2.53	2.49	2.52
Accounts Payable Turnover	33.38	42.51	28.60	43.90	47.80	46.10	33.51	29.35	35.05	31.75	26.72
Days Sales Outstanding (DSO)	74.55	79.38	72.69	65.99	67.43	75.77	64.21	57.11	64.81	65.03	56.44
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	10.94	8.59	12.76	8.31	7.64	7.92	10.89	12.44	10.41	11.50	13.66
Cash Conversion Cycle (CCC)	63.61	70.80	59.93	57.67	59.80	67.85	53.32	44.67	54.40	53.54	42.78
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	987	1,007	1,006	1,014	1,004	994	981	985	1,000	977	952
Invested Capital Turnover	0.56	0.54	0.54	0.53	0.52	0.51	0.50	0.49	0.48	0.46	0.45
Increase / (Decrease) in Invested Capital	-17	13	25	29	4.58	17	29	55	123	86	77
Enterprise Value (EV)	931	1,366	1,085	1,039	1,709	2,343	2,489	2,000	2,268	1,029	1,103
Market Capitalization	901	1,324	1,049	1,007	1,696	2,328	2,477	2,003	2,227	1,007	1,118
Book Value per Share	$6.73	$6.88	$6.99	$7.18	$7.37	$7.49	$7.50	$7.78	$7.64	$7.77	$7.93
Tangible Book Value per Share	$1.75	$1.80	$1.81	$1.89	$1.96	$1.89	$1.79	$1.93	$1.68	$1.64	$1.71
Total Capital	1,295	1,303	1,314	1,325	1,336	1,323	1,441	1,460	1,664	1,660	1,671
Total Debt	338	338	344	344	344	344	473	472	705	705	704
Total Long-Term Debt	150	338	344	344	344	344	473	472	705	705	704
Net Debt	30	42	36	32	13	15	12	-3.02	41	22	-15
Capital Expenditures (CapEx)	7.37	11	8.81	9.36	8.45	8.60	5.26	11	7.68	24	9.59
Debt-free, Cash-free Net Working Capital (DFCFNWC)	32	40	31	30	10	-6.74	-20	-24	-10	-34	-40
Debt-free Net Working Capital (DFNWC)	340	336	339	342	340	316	408	374	536	484	493
Net Working Capital (NWC)	152	336	339	342	340	316	408	374	536	484	493
Net Nonoperating Expense (NNE)	12	8.85	9.60	11	11	-6.42	13	-24	12	13	17
Net Nonoperating Obligations (NNO)	30	42	36	32	13	15	12	-3.02	41	22	-15
Total Depreciation and Amortization (D&A)	25	23	23	22	22	22	22	23	22	21	20
Debt-free, Cash-free Net Working Capital to Revenue	5.82%	7.33%	5.66%	5.62%	2.01%	-1.33%	-4.15%	-5.09%	-2.26%	-7.81%	-9.82%
Debt-free Net Working Capital to Revenue	61.22%	61.75%	62.65%	64.28%	65.14%	62.45%	83.71%	79.78%	119.77%	111.89%	119.81%
Net Working Capital to Revenue	27.35%	61.75%	62.65%	64.28%	65.14%	62.45%	83.71%	79.78%	119.77%	111.89%	119.81%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.27)	($0.23)	($0.27)	($0.32)	($0.32)	($0.17)	($0.42)	($0.08)	($0.36)	($0.37)	($0.52)
Adjusted Weighted Average Basic Shares Outstanding	143.28M	138.10M	139.24M	137.44M	134.59M	128.77M	129.87M	127.86M	125.42M	121.72M	122.34M
Adjusted Diluted Earnings per Share	($0.27)	($0.23)	($0.27)	($0.32)	($0.32)	($0.17)	($0.42)	($0.08)	($0.36)	($0.37)	($0.52)
Adjusted Weighted Average Diluted Shares Outstanding	143.28M	138.10M	139.24M	137.44M	134.59M	128.77M	129.87M	127.86M	125.42M	121.72M	122.34M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	144.80M	142.30M	140.30M	138.60M	136.60M	134.20M	130.80M	129.20M	127M	125.40M	123M
Normalized Net Operating Profit after Tax (NOPAT)	-27	-24	-22	-31	-32	-30	-38	-35	-33	-34	-46
Normalized NOPAT Margin	-18.50%	-17.09%	-15.75%	-23.05%	-24.25%	-21.64%	-29.59%	-28.40%	-28.15%	-28.43%	-42.43%
Pre Tax Income Margin	-26.62%	-22.58%	-27.38%	-32.54%	-32.26%	-17.31%	-42.49%	-8.62%	-37.90%	-39.29%	-58.34%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-12.06	0.00	-86.48	-100.30	-80.05	0.00	-67.70	0.00	-39.18	-35.76	-46.26
NOPAT to Interest Expense	-8.42	0.00	-60.07	-70.50	-55.93	0.00	-47.38	0.00	-27.28	-25.05	-33.33
EBIT Less CapEx to Interest Expense	-14.38	0.00	-105.12	-120.47	-94.64	0.00	-73.81	0.00	-45.51	-53.20	-53.21
NOPAT Less CapEx to Interest Expense	-10.74	0.00	-78.70	-90.67	-70.52	0.00	-53.48	0.00	-33.61	-42.50	-40.28
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About Fastly's Financials

When does Fastly's financial year end?

According to the most recent income statement we have on file, Fastly's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Fastly's net income changed over the last 2 years?

Fastly's net income appears to be on a downward trend, with a most recent value of -$158.06 million in 2024, falling from -$190.77 million in 2022. The previous period was -$133.09 million in 2023. View Fastly's forecast to see where analysts expect Fastly to go next.

What is Fastly's operating income?

Fastly's total operating income in 2024 was -$167.92 million, based on the following breakdown:

Total Gross Profit: $295.94 million
Total Operating Expenses: $463.85 million

How has Fastly revenue changed over the last 2 years?

Over the last 2 years, Fastly's total revenue changed from $432.73 million in 2022 to $543.68 million in 2024, a change of 25.6%.

How much debt does Fastly have?

Fastly's total liabilities were at $486.11 million at the end of 2024, a 10.9% decrease from 2023, and a 48.3% decrease since 2022.

How much cash does Fastly have?

In the past 2 years, Fastly's cash and equivalents has ranged from $107.92 million in 2023 to $286.18 million in 2024, and is currently $286.18 million as of their latest financial filing in 2024.

How has Fastly's book value per share changed over the last 2 years?

Over the last 2 years, Fastly's book value per share changed from 7.77 in 2022 to 6.88 in 2024, a change of -11.4%.

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This page (NYSE:FSLY) was last updated on 5/25/2025 by MarketBeat.com Staff

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Fastly (FSLY) Financials

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Fastly (FSLY) Financials

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