Fastly (FSLY) Financials

$7.13 +0.28 (+4.09%)

Closing price 07/18/2025 03:59 PM Eastern

Extended Trading

$7.10 -0.02 (-0.35%)

As of 07/18/2025 07:59 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	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-32	-31	-52	-96	-223	-191	-133	-158
Consolidated Net Income / (Loss)	-32	-31	-52	-96	-223	-191	-133	-158
Net Income / (Loss) Continuing Operations	-32	-31	-52	-96	-223	-191	-133	-158
Total Pre-Tax Income	-32	-31	-51	-107	-223	-191	-133	-155
Total Operating Income	-31	-29	-47	-107	-219	-246	-198	-168
Total Gross Profit	56	79	112	171	187	210	266	296
Total Revenue	105	145	200	291	354	433	506	544
Operating Revenue	105	145	200	291	354	433	506	544
Total Cost of Revenue	49	65	88	120	167	223	240	248
Operating Cost of Revenue	49	65	88	120	167	223	240	248
Total Operating Expenses	87	108	159	278	406	456	464	464
Selling, General & Admin Expense	17	23	41	102	127	121	116	113
Marketing Expense	41	50	71	101	153	180	192	199
Research & Development Expense	29	35	46	75	127	155	152	138
Restructuring Charge	-	-	-	-	-	0.00	0.00	9.72
Total Other Income / (Expense), net	-1.21	-1.61	-4.51	-0.20	-3.61	56	65	12
Interest Expense	1.12	1.81	5.24	1.55	5.25	-49	-48	1.38
Interest & Investment Income	0.44	0.94	3.29	1.63	1.28	7.04	18	15
Other Income / (Expense), net	-0.54	-0.74	-2.56	-0.28	0.36	-0.03	-1.83	-1.03
Income Tax Expense	0.21	0.19	0.49	-11	0.07	0.09	-0.22	2.60
Basic Earnings per Share	($1.39)	($1.27)	($0.75)	($0.93)	($1.92)	($1.57)	($1.03)	($1.14)
Weighted Average Basic Shares Outstanding	23.40M	24.38M	68.35M	103.55M	116.05M	121.72M	128.77M	138.10M
Diluted Earnings per Share	($1.39)	($1.27)	($0.75)	($0.93)	($1.92)	($1.57)	($1.03)	($1.14)
Weighted Average Diluted Shares Outstanding	23.40M	24.38M	68.35M	103.55M	116.05M	121.72M	128.77M	138.10M
Weighted Average Basic & Diluted Shares Outstanding	23.40M	24.38M	68.35M	103.55M	120.30M	125.40M	134.20M	142.30M

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

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

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	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	14	5.55	49	-22	103	-23	-35	178
Net Cash From Operating Activities	-26	-17	-31	-20	-38	-70	0.36	16
Net Cash From Continuing Operating Activities	-26	-17	-31	-12	-38	-70	0.36	16
Net Income / (Loss) Continuing Operations	-32	-31	-52	-96	-223	-191	-133	-158
Consolidated Net Income / (Loss)	-32	-31	-52	-96	-223	-191	-133	-158
Depreciation Expense	9.64	13	17	20	29	43	52	54
Amortization Expense	0.43	-0.34	3.49	26	56	37	38	36
Non-Cash Adjustments To Reconcile Net Income	4.00	4.73	14	67	140	126	115	137
Changes in Operating Assets and Liabilities, net	-7.48	-3.84	-14	-28	-41	-84	-71	-52
Net Cash From Investing Activities	-16	-47	-88	-275	-795	236	295	179
Net Cash From Continuing Investing Activities	-16	-47	-88	-275	-795	236	295	179
Purchase of Property, Plant & Equipment	-13	-20	-19	-36	-48	-80	-32	-37
Acquisitions	0.00	0.00	-0.64	-203	-3.26	-26	0.00	0.00
Purchase of Investments	-46	-63	-191	-269	-928	-355	-132	-155
Sale of Property, Plant & Equipment	-	0.00	0.00	0.58	0.59	0.49	0.05	0.02
Sale and/or Maturity of Investments	44	35	123	232	185	697	459	371
Net Cash From Financing Activities	55	70	168	273	937	-189	-331	-17
Net Cash From Continuing Financing Activities	56	70	168	273	935	-189	-331	-17
Repayment of Debt	-7.85	-1.09	-49	-20	-1.35	-200	-338	-21
Issuance of Common Equity	0.00	0.12	198	284	8.07	4.78	8.56	6.24
Other Financing Activities, net	0.62	1.44	4.80	9.50	-2.70	5.69	-2.22	-2.66
Effect of Exchange Rate Changes	-	-	-	-0.15	-0.48	-0.39	0.61	-0.10
Cash Interest Paid	1.00	1.83	5.42	1.59	1.94	5.04	2.90	0.91
Cash Income Taxes Paid	0.17	0.06	0.36	1.22	0.27	0.25	0.33	0.81

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

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	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	163	321	1,220	2,159	1,896	1,525	1,451
Total Current Assets	117	249	261	625	636	464	440
Cash & Equivalents	37	16	63	166	143	108	286
Short-Term Investments	47	115	131	362	375	215	9.71
Accounts Receivable	25	37	50	65	90	120	116
Prepaid Expenses	8.90	11	17	32	29	20	28
Plant, Property, & Equipment, net	42	0.00	0.00	167	180	177	179
Total Noncurrent Assets	3.13	72	959	1,367	1,079	885	832
Goodwill	0.36	0.37	636	637	670	670	670
Intangible Assets	0.61	1.13	122	103	83	62	43
Other Noncurrent Operating Assets	2.16	70	181	99	161	146	119
Total Liabilities & Shareholders' Equity	163	321	1,220	2,159	1,896	1,525	1,451
Total Liabilities	75	63	158	1,145	941	546	486
Total Current Liabilities	32	37	94	132	152	148	104
Short-Term Debt	11	-	-	-	-	-	0.00
Accounts Payable	2.33	4.60	9.15	9.26	4.79	5.61	6.04
Accrued Expenses	16	20	34	36	61	62	42
Other Current Liabilities	2.51	13	51	87	86	80	57
Total Noncurrent Liabilities	43	26	64	1,013	789	398	382
Long-Term Debt	39	20	0.00	933	705	344	338
Other Noncurrent Operating Liabilities	0.65	6.12	64	80	84	55	44
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-132	258	1,062	1,014	955	979	965
Total Preferred & Common Equity	-132	258	1,062	1,014	955	979	965
Total Common Equity	-132	258	1,062	1,014	955	979	965
Common Stock	16	449	1,350	1,527	1,666	1,815	1,958
Retained Earnings	-146	-192	-288	-511	-702	-835	-993
Accumulated Other Comprehensive Income / (Loss)	-0.04	0.20	0.01	-2.63	-9.29	-1.01	-0.10

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	Q2 2022	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	6/30/2022	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	1,933	1,907	1,862	1,657	1,641	1,506	1,483	1,472	1,449
Total Current Assets	580	637	662	505	551	460	451	453	453
Cash & Equivalents	63	88	348	274	270	151	147	218	125
Short-Term Investments	420	445	198	124	158	179	165	91	182
Accounts Receivable	68	73	85	78	99	108	114	117	119
Prepaid Expenses	29	31	30	30	24	23	25	28	26
Plant, Property, & Equipment, net	174	179	180	179	172	178	177	180	178
Total Noncurrent Assets	1,179	1,090	1,021	973	917	868	855	838	819
Goodwill	670	670	670	670	670	670	670	670	670
Intangible Assets	94	88	78	73	67	58	53	48	38
Other Noncurrent Operating Assets	130	146	155	152	147	138	132	120	110
Total Liabilities & Shareholders' Equity	1,933	1,907	1,862	1,657	1,641	1,506	1,483	1,472	1,449
Total Liabilities	939	940	904	670	672	514	501	502	492
Total Current Liabilities	141	145	125	132	143	120	109	114	301
Short-Term Debt	-	-	-	-	-	-	-	-	188
Accounts Payable	10	8.27	4.67	5.56	5.72	5.49	5.53	11	9.80
Accrued Expenses	50	54	42	47	57	36	34	41	37
Other Current Liabilities	81	82	78	79	81	79	69	62	66
Total Noncurrent Liabilities	798	795	779	538	529	394	392	388	191
Long-Term Debt	703	704	705	472	473	344	344	344	150
Other Noncurrent Operating Liabilities	95	91	73	66	56	50	48	44	41
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	994	967	959	988	969	992	981	969	957
Total Preferred & Common Equity	994	967	959	988	969	992	981	969	957
Total Common Equity	994	967	959	988	969	992	981	969	957
Common Stock	1,598	1,635	1,711	1,748	1,782	1,871	1,903	1,929	1,989
Retained Earnings	-592	-655	-746	-757	-811	-878	-922	-960	-1,032
Accumulated Other Comprehensive Income / (Loss)	-13	-13	-5.59	-3.15	-1.93	-0.52	-0.28	-0.02	-0.13

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

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	37.81%	38.67%	45.10%	21.82%	22.12%	16.93%	7.45%
EBITDA Growth	0.00%	21.78%	-72.80%	-113.36%	-115.87%	-24.52%	33.74%	28.22%
EBIT Growth	0.00%	5.35%	-64.36%	-118.88%	-103.43%	-12.61%	18.83%	15.47%
NOPAT Growth	0.00%	6.10%	-59.75%	-130.33%	-104.29%	-12.41%	19.57%	15.21%
Net Income Growth	0.00%	4.67%	-66.64%	-86.10%	-132.14%	14.33%	30.24%	-18.76%
EPS Growth	0.00%	8.63%	40.94%	-24.00%	-106.45%	18.23%	34.39%	-10.68%
Operating Cash Flow Growth	0.00%	34.32%	-84.30%	36.38%	-93.22%	-80.95%	100.52%	4,432.04%
Free Cash Flow Firm Growth	0.00%	0.00%	34.97%	-1,557.00%	76.76%	-31.64%	39.70%	16.46%
Invested Capital Growth	0.00%	0.00%	31.77%	1,006.85%	5.10%	9.70%	1.78%	1.29%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	8.88%	4.44%	5.25%	3.79%	0.52%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	-97.40%	7.16%	4.35%	5.34%	10.39%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	-68.80%	0.72%	3.16%	2.47%	4.63%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	-67.78%	0.31%	3.22%	2.88%	4.68%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	-49.19%	-5.60%	5.39%	14.88%	-6.39%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-97.87%	-2.67%	7.10%	16.26%	-5.56%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	-7.83%	-343.68%	37.65%	-6.45%	108.25%	330.72%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	78.95%	-1.42%	9.02%	12.09%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	793.33%	1.76%	2.60%	1.37%	0.13%
Profitability Metrics	-	-	-	-	-	-	-	-
Gross Margin	53.60%	54.69%	55.94%	58.74%	52.87%	48.48%	52.64%	54.43%
EBITDA Margin	-20.50%	-11.63%	-14.50%	-21.32%	-37.78%	-38.52%	-21.83%	-14.58%
Operating Margin	-29.58%	-20.16%	-23.22%	-36.86%	-61.81%	-56.90%	-39.14%	-30.89%
EBIT Margin	-30.09%	-20.67%	-24.50%	-36.95%	-61.71%	-56.90%	-39.50%	-31.07%
Profit (Net Income) Margin	-30.93%	-21.40%	-25.72%	-32.98%	-62.85%	-44.09%	-26.30%	-29.07%
Tax Burden Percent	100.65%	100.60%	100.96%	89.31%	100.03%	100.05%	99.83%	101.68%
Interest Burden Percent	102.13%	102.92%	103.97%	99.93%	101.81%	77.44%	66.70%	92.02%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	-70.23%	-48.41%	-16.25%	-17.65%	-18.46%	-14.07%	-11.75%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	1.04%	-30.40%	-5.70%	23.37%	17.71%	16.38%	-155.35%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-0.35%	18.55%	1.71%	-3.81%	-0.92%	0.31%	-4.51%
Return on Equity (ROE)	0.00%	-70.58%	-29.86%	-14.54%	-21.46%	-19.38%	-13.76%	-16.25%
Cash Return on Invested Capital (CROIC)	0.00%	-270.23%	-75.82%	-183.11%	-22.62%	-27.72%	-15.83%	-13.03%
Operating Return on Assets (OROA)	0.00%	-18.36%	-20.30%	-13.95%	-12.94%	-12.14%	-11.68%	-11.35%
Return on Assets (ROA)	0.00%	-19.01%	-21.31%	-12.45%	-13.18%	-9.41%	-7.78%	-10.62%
Return on Common Equity (ROCE)	0.00%	106.23%	-10.87%	-14.54%	-21.46%	-19.38%	-13.76%	-16.25%
Return on Equity Simple (ROE_SIMPLE)	0.00%	23.45%	-20.01%	-9.03%	-21.96%	-19.97%	-13.59%	-16.37%
Net Operating Profit after Tax (NOPAT)	-22	-20	-33	-75	-153	-172	-139	-118
NOPAT Margin	-20.71%	-14.11%	-16.25%	-25.80%	-43.27%	-39.83%	-27.40%	-21.62%
Net Nonoperating Expense Percent (NNEP)	0.00%	-71.27%	-18.00%	-10.55%	-41.02%	-36.17%	-30.45%	143.60%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-10.38%	-10.48%	-9.02%
Cost of Revenue to Revenue	46.40%	45.31%	44.06%	41.26%	47.13%	51.52%	47.36%	45.57%
SG&A Expenses to Revenue	16.64%	16.22%	20.50%	35.10%	35.80%	27.92%	22.94%	20.86%
R&D to Revenue	27.63%	23.95%	23.19%	25.72%	35.80%	35.89%	30.08%	25.38%
Operating Expenses to Revenue	83.18%	74.85%	79.16%	95.60%	114.68%	105.37%	91.77%	85.32%
Earnings before Interest and Taxes (EBIT)	-32	-30	-49	-107	-219	-246	-200	-169
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-22	-17	-29	-62	-134	-167	-110	-79
Valuation Ratios	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	7.30	9.34	4.11	1.05	2.38	1.37
Price to Tangible Book Value (P/TBV)	0.00	0.00	7.34	32.56	15.17	4.99	9.44	5.26
Price to Revenue (P/Rev)	1.72	1.25	9.38	34.09	11.76	2.33	4.60	2.44
Price to Earnings (P/E)	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%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	6.31	22.19	11.45	4.54	1.05	2.36	1.36
Enterprise Value to Revenue (EV/Rev)	0.00	2.54	8.47	33.35	11.41	2.38	4.63	2.51
Enterprise Value to EBITDA (EV/EBITDA)	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
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	6,472.21	83.27
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.58	0.08	0.00	0.92	0.74	0.35	0.35
Long-Term Debt to Equity	0.00	0.45	0.08	0.00	0.92	0.74	0.35	0.35
Financial Leverage	0.00	-0.34	-0.61	-0.30	-0.16	-0.05	0.02	0.03
Leverage Ratio	0.00	1.86	1.40	1.17	1.63	2.06	1.77	1.53
Compound Leverage Factor	0.00	1.91	1.46	1.17	1.66	1.59	1.18	1.41
Debt to Total Capital	0.00%	36.69%	7.23%	0.00%	47.93%	42.46%	25.96%	25.91%
Short-Term Debt to Total Capital	0.00%	8.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	28.48%	7.23%	0.00%	47.93%	42.46%	25.96%	25.91%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	158.58%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	-95.28%	92.77%	100.00%	52.07%	57.54%	74.04%	74.09%
Debt to EBITDA	0.00	-3.02	-0.69	0.00	-6.97	-4.23	-3.11	-4.26
Net Debt to EBITDA	0.00	1.95	6.23	0.00	0.92	-0.13	-0.13	-0.53
Long-Term Debt to EBITDA	0.00	-2.34	-0.69	0.00	-6.97	-4.23	-3.11	-4.26
Debt to NOPAT	0.00	-2.49	-0.62	0.00	-6.09	-4.09	-2.48	-2.87
Net Debt to NOPAT	0.00	1.61	5.56	0.00	0.81	-0.13	-0.11	-0.36
Long-Term Debt to NOPAT	0.00	-1.93	-0.62	0.00	-6.09	-4.09	-2.48	-2.87
Altman Z-Score	0.00	1.09	17.89	37.42	1.96	0.23	1.94	0.95
Noncontrolling Interest Sharing Ratio	0.00%	250.50%	63.59%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-
Current Ratio	0.00	3.69	6.72	2.78	4.74	4.18	3.14	4.21
Quick Ratio	0.00	3.41	4.53	2.60	4.49	3.99	3.00	3.94
Cash Flow Metrics	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-78	-51	-846	-197	-259	-156	-130
Operating Cash Flow to CapEx	-195.21%	-86.41%	-160.82%	-56.70%	-80.66%	-87.23%	1.12%	44.11%
Free Cash Flow to Firm to Interest Expense	0.00	-43.36	-9.75	-545.94	-37.47	0.00	0.00	-94.31
Operating Cash Flow to Interest Expense	-23.17	-9.38	-5.98	-12.86	-7.34	0.00	0.00	11.87
Operating Cash Flow Less CapEx to Interest Expense	-35.04	-20.24	-9.70	-35.53	-16.43	0.00	0.00	-15.04
Efficiency Ratios	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.89	0.83	0.38	0.21	0.21	0.30	0.37
Accounts Receivable Turnover	0.00	5.85	6.48	6.66	6.17	5.61	4.82	4.60
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	3.41	0.00	0.00	0.00	2.49	2.83	3.06
Accounts Payable Turnover	0.00	28.08	25.47	17.45	18.15	31.75	46.10	42.51
Days Sales Outstanding (DSO)	0.00	62.44	56.32	54.83	59.17	65.03	75.77	79.38
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	13.00	14.33	20.91	20.12	11.50	7.92	8.59
Cash Conversion Cycle (CCC)	0.00	49.44	41.99	33.92	39.06	53.54	67.85	70.80
Capital & Investment Metrics	-	-	-	-	-	-	-	-
Invested Capital	0.00	58	77	847	890	977	994	1,007
Invested Capital Turnover	0.00	4.98	2.98	0.63	0.41	0.46	0.51	0.54
Increase / (Decrease) in Invested Capital	0.00	58	18	771	43	86	17	13
Enterprise Value (EV)	0.00	367	1,699	9,702	4,042	1,029	2,343	1,366
Market Capitalization	180	180	1,880	9,916	4,165	1,007	2,328	1,324
Book Value per Share	$0.00	($5.41)	$2.75	$9.36	$8.63	$7.77	$7.49	$6.88
Tangible Book Value per Share	$0.00	($5.45)	$2.74	$2.68	$2.34	$1.64	$1.89	$1.80
Total Capital	0.00	138	278	1,062	1,947	1,660	1,323	1,303
Total Debt	0.00	51	20	0.00	933	705	344	338
Total Long-Term Debt	0.00	39	20	0.00	933	705	344	338
Net Debt	0.00	-33	-181	-215	-124	22	15	42
Capital Expenditures (CapEx)	13	20	19	35	48	80	32	37
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	13	11	-27	-35	-34	-6.74	40
Debt-free Net Working Capital (DFNWC)	0.00	97	212	167	493	484	316	336
Net Working Capital (NWC)	0.00	86	212	167	493	484	316	336
Net Nonoperating Expense (NNE)	11	11	19	21	69	18	-5.53	41
Net Nonoperating Obligations (NNO)	0.00	-30	-181	-215	-124	22	15	42
Total Depreciation and Amortization (D&A)	10	13	20	45	85	80	89	90
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	9.16%	5.49%	-9.32%	-9.90%	-7.81%	-1.33%	7.33%
Debt-free Net Working Capital to Revenue	0.00%	67.02%	105.86%	57.47%	139.07%	111.89%	62.45%	61.75%
Net Working Capital to Revenue	0.00%	59.16%	105.86%	57.47%	139.07%	111.89%	62.45%	61.75%
Earnings Adjustments	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.39)	($1.27)	($0.75)	($0.93)	($1.92)	($1.57)	($1.03)	($1.14)
Adjusted Weighted Average Basic Shares Outstanding	23.40M	24.38M	95.90M	114.60M	116.05M	121.72M	128.77M	138.10M
Adjusted Diluted Earnings per Share	($1.39)	($1.27)	($0.75)	($0.93)	($1.92)	($1.57)	($1.03)	($1.14)
Adjusted Weighted Average Diluted Shares Outstanding	23.40M	24.38M	95.90M	114.60M	116.05M	121.72M	128.77M	138.10M
Adjusted Basic & Diluted Earnings per Share	($1.39)	($1.27)	($0.75)	($0.93)	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	23.40M	24.38M	68.35M	103.55M	120.30M	125.40M	134.20M	142.30M
Normalized Net Operating Profit after Tax (NOPAT)	-22	-20	-33	-75	-153	-172	-139	-111
Normalized NOPAT Margin	-20.71%	-14.11%	-16.25%	-25.80%	-43.27%	-39.83%	-27.40%	-20.37%
Pre Tax Income Margin	-30.74%	-21.27%	-25.47%	-36.93%	-62.83%	-44.06%	-26.35%	-28.59%
Debt Service Ratios	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-28.29	-16.51	-9.38	-69.39	-41.69	0.00	0.00	-122.25
NOPAT to Interest Expense	-19.46	-11.27	-6.22	-48.45	-29.23	0.00	0.00	-85.05
EBIT Less CapEx to Interest Expense	-40.16	-27.37	-13.10	-92.07	-50.79	0.00	0.00	-149.16
NOPAT Less CapEx to Interest Expense	-31.33	-22.13	-9.94	-71.13	-38.33	0.00	0.00	-111.96
Payout Ratios	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	-10.61%	-0.70%	0.00%	0.00%	0.00%	0.00%

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

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

Key Financial Trends

Fastly reported Q1 2025 results that showed continued revenue growth and cash generation, alongside ongoing investments that weighed on profitability and free cash flow.

Revenue grew 8.2% year-over-year to $144.5 million, marking the sixth consecutive quarter of double-digit annual growth. (revenuegrowth)
EBITDA losses narrowed by 43.7% sequentially to –$13.8 million, reflecting operating leverage improvements. (ebitdagrowth)
Net cash from operating activities was $17.3 million, driven by strong non-cash adjustments and working capital benefits. (netcashfromoperatingactivities)
Liquidity remains robust with $125.5 million in cash & equivalents and $181.8 million in short-term investments against $337.7 million in total debt. (cashandequivalents, shortterminvestments, debt)
Valuation multiples have contracted: P/Rev of 1.62x and EV/Rev of 1.68x versus 2.44x and 2.51x in Q4 2024, potentially offering a better entry point. (pricetorevenue, evtorevenue)
Operating margin was –26.4% and EBITDA margin was –9.5%, consistent with elevated SG&A and R&D spending. (operatingmargin, ebitdamargin)
Free cash flow to firm was –$9.8 million, reflecting sizable capital expenditures of $7.4 million. (freecashflow, capex)
The current ratio of 1.50x and quick ratio of 1.42x indicate adequate short-term liquidity. (currentratio, quickratio)
Net loss widened to –$39.1 million (EPS –$0.27) compared with –$32.9 million in Q4 2024, showing continued unprofitability. (netincome, basiceps)
Investing activities consumed $178.9 million, driven by large purchases of investments, which materially reduced cash balances. (netcashfrominvestmentactivities)

07/19/25 06:11 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Fastly's Financials

When does Fastly's fiscal year end?

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

How has Fastly's net income changed over the last 7 years?

Fastly's net income appears to be on an upward trend, with a most recent value of -$158.06 million in 2024, rising from -$32.45 million in 2017. The previous period was -$133.09 million in 2023. See Fastly's forecast for analyst expectations on what’s next for the company.

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's revenue changed over the last 7 years?

Over the last 7 years, Fastly's total revenue changed from $104.90 million in 2017 to $543.68 million in 2024, a change of 418.3%.

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 547.3% increase since 2018.

How much cash does Fastly have?

In the past 6 years, Fastly's cash and equivalents has ranged from $16.14 million in 2019 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 7 years?

Over the last 7 years, Fastly's book value per share changed from 0.00 in 2017 to 6.88 in 2024, a change of 688.0%.

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This page (NYSE:FSLY) was last updated on 7/19/2025 by MarketBeat.com Staff

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Fastly (FSLY) Financials

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Fastly (FSLY) Financials

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