Fastly (FSLY) Financials

$5.86 +0.01 (+0.09%)

As of 11:38 AM 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	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-191	-133	-158
Consolidated Net Income / (Loss)	-191	-133	-158
Net Income / (Loss) Continuing Operations	-191	-133	-158
Total Pre-Tax Income	-191	-133	-155
Total Operating Income	-246	-198	-168
Total Gross Profit	210	266	296
Total Revenue	433	506	544
Operating Revenue	433	506	544
Total Cost of Revenue	223	240	248
Operating Cost of Revenue	223	240	248
Total Operating Expenses	456	464	464
Selling, General & Admin Expense	121	116	113
Marketing Expense	180	192	199
Research & Development Expense	155	152	138
Restructuring Charge	0.00	0.00	9.72
Total Other Income / (Expense), net	56	65	12
Interest Expense	-49	-48	1.38
Interest & Investment Income	7.04	18	15
Other Income / (Expense), net	-0.03	-1.83	-1.03
Income Tax Expense	0.09	-0.22	2.60
Basic Earnings per Share	($1.57)	($1.03)	($1.14)
Weighted Average Basic Shares Outstanding	121.72M	128.77M	138.10M
Diluted Earnings per Share	($1.57)	($1.03)	($1.14)
Weighted Average Diluted Shares Outstanding	121.72M	128.77M	138.10M
Weighted Average Basic & Diluted Shares Outstanding	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
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
Net Income / (Loss) Attributable to Common Shareholders	-63	-47	-45	-11	-54	-23	-43	-44	-38	-33
Consolidated Net Income / (Loss)	-63	-47	-45	-11	-54	-23	-43	-44	-38	-33
Net Income / (Loss) Continuing Operations	-63	-47	-45	-11	-54	-23	-43	-44	-38	-33
Total Pre-Tax Income	-63	-47	-45	-11	-54	-24	-43	-43	-38	-32
Total Operating Income	-66	-48	-47	-50	-58	-43	-46	-47	-41	-34
Total Gross Profit	53	63	60	64	66	76	73	73	75	75
Total Revenue	109	119	118	123	128	138	134	132	137	141
Operating Revenue	109	119	118	123	128	138	134	132	137	141
Total Cost of Revenue	56	57	57	59	62	62	60	59	62	66
Operating Cost of Revenue	56	57	57	59	62	62	60	59	62	66
Total Operating Expenses	118	111	108	114	124	118	119	120	115	109
Selling, General & Admin Expense	32	29	26	29	30	31	32	28	27	26
Marketing Expense	47	45	44	48	51	49	50	53	46	50
Research & Development Expense	39	37	37	37	39	38	38	35	32	33
Total Other Income / (Expense), net	2.46	1.59	2.72	39	4.03	19	3.18	3.67	3.03	2.59
Interest Expense	1.38	1.35	1.21	-36	0.86	-15	0.58	0.46	0.47	-0.13
Interest & Investment Income	1.97	2.89	4.19	4.51	4.91	4.58	3.85	3.94	3.82	3.27
Other Income / (Expense), net	1.88	0.05	-0.25	-0.80	-0.02	-0.76	-0.09	0.19	-0.32	-0.82
Income Tax Expense	0.12	-0.22	0.14	0.11	-0.00	-0.47	0.35	0.66	0.46	1.14
Basic Earnings per Share	($0.52)	($0.37)	($0.36)	($0.08)	($0.42)	($0.17)	($0.32)	($0.32)	($0.27)	($0.23)
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
Diluted Earnings per Share	($0.52)	($0.37)	($0.36)	($0.08)	($0.42)	($0.17)	($0.32)	($0.32)	($0.27)	($0.23)
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
Weighted Average Basic & Diluted Shares Outstanding	123M	125.40M	127M	129.20M	130.80M	134.20M	136.60M	138.60M	140.30M	142.30M

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	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-23	-35	178
Net Cash From Operating Activities	-70	0.36	16
Net Cash From Continuing Operating Activities	-70	0.36	16
Net Income / (Loss) Continuing Operations	-191	-133	-158
Consolidated Net Income / (Loss)	-191	-133	-158
Depreciation Expense	43	52	54
Amortization Expense	37	38	36
Non-Cash Adjustments To Reconcile Net Income	126	115	137
Changes in Operating Assets and Liabilities, net	-84	-71	-52
Net Cash From Investing Activities	236	295	179
Net Cash From Continuing Investing Activities	236	295	179
Purchase of Property, Plant & Equipment	-80	-32	-37
Acquisitions	-26	0.00	0.00
Purchase of Investments	-355	-132	-155
Sale of Property, Plant & Equipment	0.49	0.05	0.02
Sale and/or Maturity of Investments	697	459	371
Net Cash From Financing Activities	-189	-331	-17
Net Cash From Continuing Financing Activities	-189	-331	-17
Repayment of Debt	-200	-338	-21
Issuance of Common Equity	4.78	8.56	6.24
Other Financing Activities, net	5.69	-2.22	-2.66
Effect of Exchange Rate Changes	-0.39	0.61	-0.10
Cash Interest Paid	5.04	2.90	0.91
Cash Income Taxes Paid	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
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
Net Change in Cash & Equivalents	25	55	205	-75	-3.44	-162	43	-3.76	70	69
Net Cash From Operating Activities	-28	-12	-8.86	25	-8.39	-7.38	11	-4.95	5.00	5.22
Net Cash From Continuing Operating Activities	-28	-12	-8.86	25	-8.39	-7.38	11	-4.95	5.00	5.22
Net Income / (Loss) Continuing Operations	-63	-47	-45	-11	-54	-23	-43	-44	-38	-33
Consolidated Net Income / (Loss)	-63	-47	-45	-11	-54	-23	-43	-44	-38	-33
Depreciation Expense	11	11	12	13	13	14	13	13	14	14
Amortization Expense	9.01	9.71	9.77	10	9.36	8.66	8.67	8.54	8.97	9.46
Non-Cash Adjustments To Reconcile Net Income	48	44	35	6.85	46	27	38	35	33	30
Changes in Operating Assets and Liabilities, net	-32	-30	-21	5.91	-23	-33	-5.86	-18	-13	-15
Net Cash From Investing Activities	62	73	220	105	7.68	-37	34	7.99	66	71
Net Cash From Continuing Investing Activities	62	73	220	105	7.68	-37	34	7.99	66	71
Purchase of Property, Plant & Equipment	-9.72	-24	-7.70	-11	-5.28	-8.60	-8.45	-9.38	-8.81	-11
Sale and/or Maturity of Investments	73	94	227	116	86	30	99	78	113	81
Net Cash From Financing Activities	-8.39	-5.01	-5.71	-205	-2.68	-118	-1.88	-6.79	-1.11	-7.32
Net Cash From Continuing Financing Activities	-8.39	-5.01	-5.71	-205	-2.68	-118	-1.88	-6.79	-1.11	-7.32
Repayment of Debt	-7.08	-4.43	-8.65	-203	-6.04	-120	-4.87	-4.24	-3.30	-8.28
Issuance of Common Equity	1.75	-0.95	2.60	2.19	2.22	1.55	2.88	1.03	2.17	0.16
Other Financing Activities, net	-3.06	0.36	0.34	-3.86	1.14	0.16	0.11	-3.59	0.02	0.81
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
Cash Interest Paid	0.67	3.07	1.13	0.60	0.66	0.51	0.39	0.22	0.19	0.11
Cash Income Taxes Paid	0.05	0.03	0.18	0.27	-0.08	-0.04	0.29	0.23	0.21	0.07

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	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Total Assets	1,896	1,525	1,451
Total Current Assets	636	464	440
Cash & Equivalents	143	108	286
Short-Term Investments	375	215	9.71
Accounts Receivable	90	120	116
Prepaid Expenses	29	20	28
Plant, Property, & Equipment, net	180	177	179
Total Noncurrent Assets	1,079	885	832
Long-Term Investments	165	6.09	0.00
Goodwill	670	670	670
Intangible Assets	83	62	43
Other Noncurrent Operating Assets	161	146	119
Total Liabilities & Shareholders' Equity	1,896	1,525	1,451
Total Liabilities	941	546	486
Total Current Liabilities	152	148	104
Accounts Payable	4.79	5.61	6.04
Accrued Expenses	61	62	42
Other Current Liabilities	86	80	57
Total Noncurrent Liabilities	789	398	382
Long-Term Debt	705	344	338
Other Noncurrent Operating Liabilities	84	55	44
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	955	979	965
Total Preferred & Common Equity	955	979	965
Total Common Equity	955	979	965
Common Stock	1,666	1,815	1,958
Retained Earnings	-702	-835	-993
Accumulated Other Comprehensive Income / (Loss)	-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	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	1,907	1,862	1,657	1,641	1,506	1,483	1,472
Total Current Assets	637	662	505	551	460	451	453
Cash & Equivalents	88	348	274	270	151	147	218
Short-Term Investments	445	198	124	158	179	165	91
Accounts Receivable	73	85	78	99	108	114	117
Prepaid Expenses	31	30	30	24	23	25	28
Plant, Property, & Equipment, net	179	180	179	172	178	177	180
Total Noncurrent Assets	1,090	1,021	973	917	868	855	838
Long-Term Investments	186	118	78	32	1.74	0.00	0.00
Goodwill	670	670	670	670	670	670	670
Intangible Assets	88	78	73	67	58	53	48
Other Noncurrent Operating Assets	146	155	152	147	138	132	120
Total Liabilities & Shareholders' Equity	1,907	1,862	1,657	1,641	1,506	1,483	1,472
Total Liabilities	940	904	670	672	514	501	502
Total Current Liabilities	145	125	132	143	120	109	114
Accounts Payable	8.27	4.67	5.56	5.72	5.49	5.53	11
Accrued Expenses	54	42	47	57	36	34	41
Other Current Liabilities	82	78	79	81	79	69	62
Total Noncurrent Liabilities	795	779	538	529	394	392	388
Long-Term Debt	704	705	472	473	344	344	344
Other Noncurrent Operating Liabilities	91	73	66	56	50	48	44
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	967	959	988	969	992	981	969
Total Preferred & Common Equity	967	959	988	969	992	981	969
Total Common Equity	967	959	988	969	992	981	969
Common Stock	1,635	1,711	1,748	1,782	1,871	1,903	1,929
Retained Earnings	-655	-746	-757	-811	-878	-922	-960
Accumulated Other Comprehensive Income / (Loss)	-13	-5.59	-3.15	-1.93	-0.52	-0.28	-0.02

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

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-
Revenue Growth	22.12%	16.93%	7.45%
EBITDA Growth	-24.52%	33.74%	28.22%
EBIT Growth	-12.61%	18.83%	15.47%
NOPAT Growth	-12.41%	19.57%	15.21%
Net Income Growth	14.33%	30.24%	-18.76%
EPS Growth	18.23%	34.39%	-10.68%
Operating Cash Flow Growth	-80.95%	100.52%	4,432.04%
Free Cash Flow Firm Growth	-31.64%	39.70%	16.46%
Invested Capital Growth	9.70%	1.78%	1.29%
Revenue Q/Q Growth	5.25%	3.79%	0.52%
EBITDA Q/Q Growth	4.35%	5.34%	10.39%
EBIT Q/Q Growth	3.16%	2.47%	4.63%
NOPAT Q/Q Growth	3.22%	2.88%	4.68%
Net Income Q/Q Growth	5.39%	14.88%	-6.39%
EPS Q/Q Growth	7.10%	16.26%	-5.56%
Operating Cash Flow Q/Q Growth	-6.45%	108.25%	330.72%
Free Cash Flow Firm Q/Q Growth	-1.42%	9.02%	12.09%
Invested Capital Q/Q Growth	2.60%	1.37%	0.13%
Profitability Metrics	-	-	-
Gross Margin	48.48%	52.64%	54.43%
EBITDA Margin	-38.52%	-21.83%	-14.58%
Operating Margin	-56.90%	-39.14%	-30.89%
EBIT Margin	-56.90%	-39.50%	-31.07%
Profit (Net Income) Margin	-44.09%	-26.30%	-29.07%
Tax Burden Percent	100.05%	99.83%	101.68%
Interest Burden Percent	77.44%	66.70%	92.02%
Effective Tax Rate	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-18.46%	-14.07%	-11.75%
ROIC Less NNEP Spread (ROIC-NNEP)	17.71%	16.38%	-155.35%
Return on Net Nonoperating Assets (RNNOA)	-0.92%	0.31%	-4.51%
Return on Equity (ROE)	-19.38%	-13.76%	-16.25%
Cash Return on Invested Capital (CROIC)	-27.72%	-15.83%	-13.03%
Operating Return on Assets (OROA)	-12.14%	-11.68%	-11.35%
Return on Assets (ROA)	-9.41%	-7.78%	-10.62%
Return on Common Equity (ROCE)	-19.38%	-13.76%	-16.25%
Return on Equity Simple (ROE_SIMPLE)	-19.97%	-13.59%	-16.37%
Net Operating Profit after Tax (NOPAT)	-172	-139	-118
NOPAT Margin	-39.83%	-27.40%	-21.62%
Net Nonoperating Expense Percent (NNEP)	-36.17%	-30.45%	143.60%
Return On Investment Capital (ROIC_SIMPLE)	-10.38%	-10.48%	-9.02%
Cost of Revenue to Revenue	51.52%	47.36%	45.57%
SG&A Expenses to Revenue	27.92%	22.94%	20.86%
R&D to Revenue	35.89%	30.08%	25.38%
Operating Expenses to Revenue	105.37%	91.77%	85.32%
Earnings before Interest and Taxes (EBIT)	-246	-200	-169
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-167	-110	-79
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.05	2.38	1.37
Price to Tangible Book Value (P/TBV)	4.99	9.44	5.26
Price to Revenue (P/Rev)	2.33	4.60	2.44
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)	1.05	2.36	1.36
Enterprise Value to Revenue (EV/Rev)	2.38	4.63	2.51
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)	0.00	6,472.21	83.27
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.74	0.35	0.35
Long-Term Debt to Equity	0.74	0.35	0.35
Financial Leverage	-0.05	0.02	0.03
Leverage Ratio	2.06	1.77	1.53
Compound Leverage Factor	1.59	1.18	1.41
Debt to Total Capital	42.46%	25.96%	25.91%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	42.46%	25.96%	25.91%
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	57.54%	74.04%	74.09%
Debt to EBITDA	-4.23	-3.11	-4.26
Net Debt to EBITDA	-0.13	-0.13	-0.53
Long-Term Debt to EBITDA	-4.23	-3.11	-4.26
Debt to NOPAT	-4.09	-2.48	-2.87
Net Debt to NOPAT	-0.13	-0.11	-0.36
Long-Term Debt to NOPAT	-4.09	-2.48	-2.87
Altman Z-Score	0.23	1.94	0.95
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	4.18	3.14	4.21
Quick Ratio	3.99	3.00	3.94
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-259	-156	-130
Operating Cash Flow to CapEx	-87.23%	1.12%	44.11%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	-94.31
Operating Cash Flow to Interest Expense	0.00	0.00	11.87
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	-15.04
Efficiency Ratios	-	-	-
Asset Turnover	0.21	0.30	0.37
Accounts Receivable Turnover	5.61	4.82	4.60
Inventory Turnover	0.00	0.00	0.00
Fixed Asset Turnover	2.49	2.83	3.06
Accounts Payable Turnover	31.75	46.10	42.51
Days Sales Outstanding (DSO)	65.03	75.77	79.38
Days Inventory Outstanding (DIO)	0.00	0.00	0.00
Days Payable Outstanding (DPO)	11.50	7.92	8.59
Cash Conversion Cycle (CCC)	53.54	67.85	70.80
Capital & Investment Metrics	-	-	-
Invested Capital	977	994	1,007
Invested Capital Turnover	0.46	0.51	0.54
Increase / (Decrease) in Invested Capital	86	17	13
Enterprise Value (EV)	1,029	2,343	1,366
Market Capitalization	1,007	2,328	1,324
Book Value per Share	$7.77	$7.49	$6.88
Tangible Book Value per Share	$1.64	$1.89	$1.80
Total Capital	1,660	1,323	1,303
Total Debt	705	344	338
Total Long-Term Debt	705	344	338
Net Debt	22	15	42
Capital Expenditures (CapEx)	80	32	37
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-34	-6.74	40
Debt-free Net Working Capital (DFNWC)	484	316	336
Net Working Capital (NWC)	484	316	336
Net Nonoperating Expense (NNE)	18	-5.53	41
Net Nonoperating Obligations (NNO)	22	15	42
Total Depreciation and Amortization (D&A)	80	89	90
Debt-free, Cash-free Net Working Capital to Revenue	-7.81%	-1.33%	7.33%
Debt-free Net Working Capital to Revenue	111.89%	62.45%	61.75%
Net Working Capital to Revenue	111.89%	62.45%	61.75%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($1.57)	($1.03)	($1.14)
Adjusted Weighted Average Basic Shares Outstanding	121.72M	128.77M	138.10M
Adjusted Diluted Earnings per Share	($1.57)	($1.03)	($1.14)
Adjusted Weighted Average Diluted Shares Outstanding	121.72M	128.77M	138.10M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	125.40M	134.20M	142.30M
Normalized Net Operating Profit after Tax (NOPAT)	-172	-139	-111
Normalized NOPAT Margin	-39.83%	-27.40%	-20.37%
Pre Tax Income Margin	-44.06%	-26.35%	-28.59%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.00	0.00	-122.25
NOPAT to Interest Expense	0.00	0.00	-85.05
EBIT Less CapEx to Interest Expense	0.00	0.00	-149.16
NOPAT Less CapEx to Interest Expense	0.00	0.00	-111.96
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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
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
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	25.10%	22.11%	14.83%	19.81%	17.80%	15.47%	13.57%	7.77%	7.35%	2.03%
EBITDA Growth	-36.14%	21.70%	42.01%	45.48%	18.69%	22.82%	5.12%	10.84%	49.14%	43.58%
EBIT Growth	-16.39%	14.24%	24.90%	28.33%	8.66%	10.47%	2.47%	8.08%	29.90%	18.92%
NOPAT Growth	-19.72%	14.46%	24.97%	27.75%	11.29%	12.13%	2.15%	6.21%	30.43%	19.38%
Net Income Growth	-12.85%	18.89%	30.46%	34.88%	14.36%	49.87%	2.82%	-308.53%	30.00%	-40.62%
EPS Growth	-8.33%	24.49%	33.33%	42.86%	19.23%	54.05%	11.11%	-300.00%	35.71%	-35.29%
Operating Cash Flow Growth	-926.90%	-53.36%	32.82%	249.82%	69.64%	39.17%	225.63%	-119.80%	159.62%	170.76%
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%
Invested Capital Growth	8.80%	9.70%	14.05%	5.91%	3.02%	1.78%	0.46%	2.93%	2.54%	1.29%
Revenue Q/Q Growth	5.84%	9.97%	-1.47%	4.48%	4.06%	7.79%	-3.09%	-0.86%	3.65%	2.46%
EBITDA Q/Q Growth	12.95%	38.17%	5.92%	-7.65%	-29.83%	41.30%	-15.66%	-1.16%	25.94%	34.89%
EBIT Q/Q Growth	9.56%	24.22%	1.84%	-6.53%	-15.26%	25.72%	-6.93%	-0.41%	12.11%	14.08%
NOPAT Q/Q Growth	4.64%	26.31%	2.45%	-5.40%	-17.09%	27.01%	-8.63%	-1.02%	13.15%	15.42%
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%
EPS Q/Q Growth	-271.43%	28.85%	2.70%	77.78%	-425.00%	59.52%	-88.24%	0.00%	15.63%	14.81%
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%
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%
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%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	48.55%	52.45%	51.25%	52.28%	51.70%	55.00%	54.85%	55.07%	54.47%	53.40%
EBITDA Margin	-40.75%	-22.91%	-21.88%	-22.54%	-28.12%	-15.31%	-18.28%	-18.65%	-13.33%	-8.47%
Operating Margin	-60.61%	-40.61%	-40.21%	-40.57%	-45.65%	-30.91%	-34.65%	-35.31%	-29.58%	-24.42%
EBIT Margin	-58.88%	-40.58%	-40.42%	-41.22%	-45.66%	-31.46%	-34.71%	-35.16%	-29.81%	-25.00%
Profit (Net Income) Margin	-58.45%	-39.10%	-38.01%	-8.71%	-42.49%	-16.97%	-32.52%	-33.04%	-27.71%	-23.39%
Tax Burden Percent	100.19%	99.52%	100.30%	101.04%	100.00%	98.05%	100.81%	101.53%	101.21%	103.59%
Interest Burden Percent	99.08%	96.82%	93.74%	20.92%	93.07%	55.02%	92.95%	92.54%	91.82%	90.32%
Effective Tax Rate	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%
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%
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%
Return on Equity (ROE)	-19.35%	-13.79%	-14.23%	-10.98%	-17.49%	-10.65%	-14.11%	-14.46%	-12.55%	-10.47%
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%
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%
Return on Assets (ROA)	-11.88%	-8.34%	-8.52%	-2.27%	-11.68%	-5.02%	-10.08%	-11.18%	-9.63%	-8.55%
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%
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%
Net Operating Profit after Tax (NOPAT)	-46	-34	-33	-35	-41	-30	-32	-33	-28	-24
NOPAT Margin	-42.43%	-28.43%	-28.15%	-28.40%	-31.95%	-21.64%	-24.25%	-24.71%	-20.71%	-17.09%
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%
Return On Investment Capital (ROIC_SIMPLE)	-	-2.04%	-	-	-	-2.25%	-	-	-	-1.84%
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%
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%
R&D to Revenue	35.90%	31.17%	31.84%	30.47%	30.57%	27.78%	28.65%	26.52%	23.24%	23.29%
Operating Expenses to Revenue	109.16%	93.06%	91.46%	92.84%	97.35%	85.91%	89.50%	90.38%	84.06%	77.82%
Earnings before Interest and Taxes (EBIT)	-64	-48	-48	-51	-58	-43	-46	-47	-41	-35
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-44	-27	-26	-28	-36	-21	-24	-25	-18	-12
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
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
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
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
Dividend Yield	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%
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
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
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
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
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
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
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
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
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
Financial Leverage	-0.08	-0.05	-0.03	-0.03	0.00	0.02	0.03	0.01	0.03	0.03
Leverage Ratio	2.04	2.06	2.07	1.81	1.83	1.77	1.73	1.59	1.61	1.53
Compound Leverage Factor	2.02	1.99	1.94	0.38	1.71	0.97	1.61	1.48	1.47	1.38
Debt to Total Capital	42.13%	42.46%	42.39%	32.35%	32.80%	25.96%	25.74%	25.97%	26.22%	25.91%
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%
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%
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%
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%
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%
Debt to EBITDA	-4.04	-4.23	-4.76	-3.78	-4.05	-3.11	-3.15	-3.24	-3.89	-4.26
Net Debt to EBITDA	0.09	-0.13	-0.28	0.02	-0.10	-0.13	-0.12	-0.31	-0.41	-0.53
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
Debt to NOPAT	-3.95	-4.09	-4.37	-3.19	-3.31	-2.48	-2.49	-2.54	-2.79	-2.87
Net Debt to NOPAT	0.08	-0.13	-0.26	0.02	-0.09	-0.11	-0.09	-0.24	-0.29	-0.36
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
Altman Z-Score	0.65	0.57	1.42	1.61	2.00	2.28	1.68	0.87	0.89	1.25
Noncontrolling Interest Sharing Ratio	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
Quick Ratio	4.19	3.99	5.05	3.61	3.68	3.00	3.63	3.89	3.72	3.94
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-123	-120	-156	-90	-70	-47	-37	-62	-53	-37
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%
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
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
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
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.20	0.21	0.22	0.26	0.27	0.30	0.31	0.34	0.35	0.37
Accounts Receivable Turnover	6.47	5.61	5.63	6.39	5.68	4.82	5.41	5.53	5.02	4.60
Inventory Turnover	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
Accounts Payable Turnover	26.72	31.75	35.05	29.35	33.51	46.10	47.80	43.90	28.60	42.51
Days Sales Outstanding (DSO)	56.44	65.03	64.81	57.11	64.21	75.77	67.43	65.99	72.69	79.38
Days Inventory Outstanding (DIO)	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
Cash Conversion Cycle (CCC)	42.78	53.54	54.40	44.67	53.32	67.85	59.80	57.67	59.93	70.80
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	952	977	1,000	985	981	994	1,004	1,014	1,006	1,007
Invested Capital Turnover	0.45	0.46	0.48	0.49	0.50	0.51	0.52	0.53	0.54	0.54
Increase / (Decrease) in Invested Capital	77	86	123	55	29	17	4.58	29	25	13
Enterprise Value (EV)	1,103	1,029	2,268	2,000	2,489	2,343	1,709	1,039	1,085	1,366
Market Capitalization	1,118	1,007	2,227	2,003	2,477	2,328	1,696	1,007	1,049	1,324
Book Value per Share	$7.93	$7.77	$7.64	$7.78	$7.50	$7.49	$7.37	$7.18	$6.99	$6.88
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
Total Capital	1,671	1,660	1,664	1,460	1,441	1,323	1,336	1,325	1,314	1,303
Total Debt	704	705	705	472	473	344	344	344	344	338
Total Long-Term Debt	704	705	705	472	473	344	344	344	344	338
Net Debt	-15	22	41	-3.02	12	15	13	32	36	42
Capital Expenditures (CapEx)	9.59	24	7.68	11	5.26	8.60	8.45	9.36	8.81	11
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-40	-34	-10	-24	-20	-6.74	10	30	31	40
Debt-free Net Working Capital (DFNWC)	493	484	536	374	408	316	340	342	339	336
Net Working Capital (NWC)	493	484	536	374	408	316	340	342	339	336
Net Nonoperating Expense (NNE)	17	13	12	-24	13	-6.42	11	11	9.60	8.85
Net Nonoperating Obligations (NNO)	-15	22	41	-3.02	12	15	13	32	36	42
Total Depreciation and Amortization (D&A)	20	21	22	23	22	22	22	22	23	23
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%
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%
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%
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)
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
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)
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
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
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
Normalized Net Operating Profit after Tax (NOPAT)	-46	-34	-33	-35	-38	-30	-32	-31	-22	-24
Normalized NOPAT Margin	-42.43%	-28.43%	-28.15%	-28.40%	-29.59%	-21.64%	-24.25%	-23.05%	-15.75%	-17.09%
Pre Tax Income Margin	-58.34%	-39.29%	-37.90%	-8.62%	-42.49%	-17.31%	-32.26%	-32.54%	-27.38%	-22.58%
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
NOPAT to Interest Expense	-33.33	-25.05	-27.28	0.00	-47.38	0.00	-55.93	-70.50	-60.07	0.00
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
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
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%
Augmented Payout Ratio	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 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 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. 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 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%.

Related Companies

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

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Fastly (FSLY) Financials

Frequently Asked Questions About Fastly's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Fastly (FSLY) Financials

Annual Income Statements for Fastly

Quarterly Income Statements for Fastly

Annual Cash Flow Statements for Fastly

Quarterly Cash Flow Statements for Fastly

Annual Balance Sheets for Fastly

Quarterly Balance Sheets for Fastly

Annual Metrics and Ratios for Fastly

Quarterly Metrics and Ratios for Fastly

Frequently Asked Questions About Fastly's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools