← Fastly, Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net loss | ($32.5m) | ($30.9m) | ($51.5m) | ($95.9m) | ($222.7m) | ($190.8m) | ($133.1m) | ($158.1m) | ($121.7m) | — | |
| Depreciation expense | — | — | — | $20.0m | $28.8m | $42.6m | $51.6m | $54.0m | $61.0m | $67.1m | |
| Amortization of intangible assets | — | — | — | $5.1m | $21.2m | $21.7m | $20.4m | $19.6m | $16.8m | — | |
| Amortization of debt discount and issuance costs | — | — | — | $219k | $3.2m | $3.2m | $2.5m | $1.4m | $906k | — | |
| Amortization of deferred contract costs | — | $0 | $2.3m | $3.5m | $6.3m | $8.9m | $15.5m | $18.6m | $19.4m | — | |
| Deferred income taxes | — | — | — | — | $0 | $0 | ($900k) | $1.8m | $1.4m | ($3.7m) | |
| Stock-based compensation | $2.8m | $4.1m | $12.1m | $64.4m | $140.5m | $145.8m | $136.3m | $107.9m | $117.3m | $135.6m | |
| Capitalized stock-based compensation | — | — | — | — | — | $8.0m | $10.0m | $9.7m | $7.3m | — | |
| Impairment of operating lease right-of-use assets | — | — | — | $0 | $0 | $2.1m | $744k | $371k | $0 | — | |
| Impairment expense | — | — | — | — | $0 | $0 | $4.3m | $4.1m | $415k | — | |
| Accounts receivable, net | ($6.0m) | ($6.2m) | ($12.8m) | ($9.3m) | ($14.6m) | ($27.4m) | ($32.9m) | $676k | ($6.2m) | ($1.6m) | |
| Accounts payable | $1.1m | ($372k) | $2.4m | $4.1m | $146k | ($4.7m) | $382k | $611k | $4.5m | $6.8m | |
| Accrued expenses | $1.0m | $3.9m | $4.4m | $13.0m | $4.3m | $8.3m | ($7.9m) | ($2.9m) | ($447k) | $2.2m | |
| Prepaid expenses and other current assets | ($3.5m) | ($2.3m) | ($2.1m) | ($5.5m) | ($4.8m) | ($6.8m) | $8.7m | ($7.6m) | $1.6m | — | |
| Other assets | ($94k) | $10k | ($2.2m) | ($17.2m) | ($10.4m) | ($35.4m) | ($23.1m) | ($11.9m) | ($19.5m) | — | |
| Other liabilities | $78k | $1.2m | ($1.3m) | $4.9m | $8.8m | $6.8m | $7.1m | ($6.4m) | $18.0m | — | |
| Net cash provided by operating activities | ($25.9m) |
($17.0m)
+34.32%
|
($31.3m)
-84.30%
|
($19.9m)
+36.38%
|
($38.5m)
-93.22%
|
($69.6m)
-80.95%
|
$362k
+100.52%
|
$16.4m
+4432.04%
|
$94.4m
+475.67%
|
$119.6m
+26.59%
|
|
| Loss on disposals of property and equipment | $113k | $0 | $108k | $653k | ($300k) | $854k | $505k | $540k | $186k | — | |
| Advance payment for purchase of property and equipment | $1.8m | $133k | $7.1m | $0 | $0 | ($42.2m) | $0 | ($790k) | $0 | — | |
| Purchases of property and equipment | ($12.1m) | ($16.7m) | ($14.6m) | ($29.6m) | ($34.8m) | ($20.0m) | ($11.0m) | ($10.3m) | ($28.7m) | ($85.1m) | |
| Proceeds from sale of property and equipment | $113k | $0 | $0 | $575k | $588k | $492k | $49k | $24k | $44k | — | |
| Property and equipment additions not yet paid in cash or financed | $1.8m | $133k | $7.1m | $3.2m | $18.3m | $1.5m | $640k | $983k | $7.7m | — | |
| Deployments of prepaid capital equipment | — | — | — | $0 | $0 | $5.2m | $8.7m | $14.6m | $9.2m | — | |
| Accretion of discounts on investments | — | — | — | $345k | $2.2m | $3.1m | ($646k) | ($4.0m) | ($4.7m) | — | |
| Purchases of marketable securities | ($46.1m) | ($62.7m) | ($191.0m) | ($269.1m) | ($928.2m) | ($355.5m) | ($132.2m) | ($155.1m) | ($389.8m) | — | |
| Sales of marketable securities | $0 | $0 | $52.6m | $143.2m | $66.5m | $161.9m | $25.6m | $0 | $25.9m | — | |
| Maturities of marketable securities | $43.5m | $35.2m | $70.8m | $88.7m | $118.1m | $535.0m | $433.8m | $371.2m | $197.2m | — | |
| Payment of deferred consideration for business acquisitions | — | — | — | — | $0 | $0 | ($4.4m) | ($3.8m) | $0 | — | |
| Net cash (used in) provided by investing activities | ($15.8m) | ($47.1m) | ($87.7m) | ($275.0m) | ($794.5m) | $235.8m | $294.9m | $178.9m | ($213.0m) | — | |
| Net gain on extinguishment of debt | — | — | — | $0 | $0 | ($54.4m) | ($52.4m) | ($1.4m) | ($941k) | — | |
| Cash paid for debt extinguishment | — | — | — | — | $0 | ($177.1m) | ($310.5m) | $0 | ($148.9m) | — | |
| Debt issued in exchange for extinguishment of existing notes | — | — | — | — | — | $0 | $0 | $155.7m | $0 | — | |
| Debt retired in exchange for issuance of new notes | — | — | — | — | — | $0 | $0 | ($157.1m) | $0 | — | |
| Net cash (used in) provided by financing activities | $55.4m |
$69.6m
+25.68%
|
$168.1m
+141.46%
|
$272.7m
+62.20%
|
$936.6m
+243.39%
|
($189.1m)
-120.20%
|
($331.4m)
-75.20%
|
($17.1m)
+94.84%
|
$12.8m
+174.63%
|
— | |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | $13.7m | $5.6m | $49.3m | ($22.3m) | $103.1m | ($23.4m) | ($35.5m) | $178.1m | ($105.6m) | — | |
| Cash, cash equivalents, and restricted cash at beginning of period | $31.4m | $37.0m | $86.2m | $63.9m | $167.0m | $143.5m | $108.1m | $286.2m | $180.6m | — | |
| Effects of exchange rate changes on cash, cash equivalents, and restricted cash | ($32k) | $22k | $99k | ($149k) | ($477k) | ($390k) | $608k | ($103k) | $215k | — | |
| Restricted cash | $87k | $0 | $70.1m | $87k | $0 | $150k | $150k | $0 | $0 | — | |
| Additional Supplementary Disclosures | |||||||||||
| Additional Supplementary Disclosures | |||||||||||
| Non-cash lease expense | — | — | — | $21.8m | $26.9m | $29.7m | $22.7m | $22.5m | $22.4m | — | |
| Provision for credit losses | $1.0m | $599k | $360k | $1.7m | $196k | $2.4m | $2.0m | $3.8m | $4.2m | — | |
| Other adjustments | ($18k) | ($354k) | ($591k) | $624k | $2.2m | $3.7m | $648k | ($814k) | $549k | — | |
| Operating lease liabilities | — | $0 | $0 | ($18.3m) | ($26.4m) | ($27.0m) | ($22.1m) | ($26.5m) | ($20.7m) | — | |
| Capitalized internal-use software | ($1.1m) | ($3.0m) | ($4.9m) | ($6.1m) | ($13.5m) | ($18.1m) | ($21.3m) | ($26.1m) | ($17.7m) | — | |
| Proceeds from issuance of convertible notes | — | — | $0 | $0 | $930.8m | $0 | $0 | $0 | $180.0m | — | |
| Payments of issuance costs for convertible notes | — | ($257k) | ($231k) | $0 | ($1.4m) | $0 | $0 | ($5.7m) | ($5.9m) | — | |
| Payments for purchase of capped calls | — | — | — | — | — | — | $0 | $0 | ($18.2m) | — | |
| Repayments of finance lease liabilities | — | ($1.2m) | ($1.4m) | ($5.8m) | ($13.6m) | ($22.5m) | ($27.2m) | ($15.0m) | ($2.3m) | — | |
| Proceeds from exercise of vested stock options | $611k | $1.6m | $5.6m | $15.3m | $12.6m | $5.7m | $2.2m | $1.1m | $1.0m | — | |
| Proceeds from employee stock purchase plan | $0 | $0 | $5.4m | $9.3m | $8.1m | $4.8m | $8.6m | $6.2m | $7.0m | — | |
| Cash paid for interest | $996k | $1.8m | $5.4m | $1.6m | $1.9m | $2.7m | $1.6m | $527k | $11.6m | — | |
| Cash paid for income taxes, net of refunds received | $166k | $55k | $361k | $1.2m | $267k | $250k | $331k | $809k | $1.3m | — | |
| Cash paid for finance lease interest | $996k | $1.8m | $5.4m | ($688k) | ($1.8m) | ($2.4m) | $1.3m | $378k | $15k | — | |
| Assets obtained in exchange for operating lease obligations | — | $0 | $0 | $23.8m | $32.5m | $29.6m | $5.8m | $8.5m | $7.1m | — | |
| Net noncash change in operating lease assets and liabilities associated with modifications and terminations | ($25.9m) | ($17.0m) | ($31.3m) | $0 | $0 | $3.1m | ($4.4m) | $10.4m | $16.2m | $119.6m | |
| Cash and cash equivalents | $31.3m | $37.0m | $16.1m | $62.9m | $166.1m | $143.4m | $107.9m | $286.2m | $180.6m | $82.5m |