Fastly, Inc.
Description
Fastly, Inc. operates an edge cloud platform for processing, serving, and securing its customer's applications in the United States, the Asia Pacific, Europe, and internationally. The edge cloud is a category of Infrastructure as a Service that enables developers to build, secure, and deliver digital experiences at the edge of the internet. The company offers network services to speed up and optimize the delivery of web and application traffic; device detection and geolocation; content delivery network, such as dynamic site acceleration, origin shield, instant purge, surrogate keys, programmatic control, content compression, reliability features, fanout, domainr, privacy, and modern protocols and performance services; and video/ streaming solutions and services, including live streaming, video on demand, and media shield. It also provides security solutions, such as DDoS protection, next-gen WAF, bot management, API and ATO protection, advanced rate limiting, and compliance services; load balancing; image optimization; transport layer security (TLS), platform TLS, and certainly; and origin connect. It serves customers operating in digital publishing, media and entertainment, technology, online education, travel and hospitality, and financial services industries. The company was formerly known as SkyCache, Inc. and changed its name to Fastly, Inc. in May 2012. Fastly, Inc. was incorporated in 2011 and is headquartered in San Francisco, California.
About
CEO
Mr. Todd Nightingale
Employees
1,207
Instrument type
Common Stock
Sector
Technology
Industry
Software - Application
MIC code
XNYS
Address
475 Brannan Street, San Francisco, CA 94107, United States
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Oscillators
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Summary
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 5, 2025 | — | — | — | — |
| Aug 6, 2025 | — | — | — | — |
| Apr 29, 2025 | — | — | — | — |
| Feb 12, 2025 | 0.01 | — | — | — |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 8 | — | 11 |
| Average estimate | — | -0.01 | — | 0.03 |
| Low estimate | — | -0.06 | — | -0.05 |
| High estimate | — | 0.02 | — | 0.16 |
| Last year EPS | — | -0.05 | — | -0.10 |
[stock_revenue_estimate]
Growth estimates
Current qtr
-141.900%
Next qtr. (Mar 2025)
77.780%
Current year
40.880%
Next year (Dec 2025)
130.740%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 505.99M | 432.73M | 354.33M | 290.87M | 200.46M |
| Cost of revenue | 239.66M | 222.94M | 167.00M | 120.01M | 88.32M |
| Gross profit | 266.33M | 209.78M | 187.33M | 170.87M | 112.14M |
| Operating expense | |||||
| Research & development | 152.19M | 155.31M | 126.86M | 74.81M | 46.49M |
| Selling general and admin | 307.85M | 300.67M | 279.49M | 203.27M | 112.20M |
| Other operating expenses | — | — | — | — | — |
| Operating income | -193.71M | -246.20M | -219.02M | -107.21M | -46.55M |
| Non operating interest income | |||||
| Income | 18.19M | 7.04M | 1.28M | 1.63M | 3.29M |
| Expense | 4.05M | 5.89M | 5.25M | 1.55M | 5.24M |
| Other income expense | 46.27M | 54.36M | 356,000 | -279,000 | -2.56M |
| Pretax income | -133.31M | -190.68M | -222.63M | -107.41M | -51.06M |
| Tax provision | -221,000 | 94,000 | 69,000 | -11.48M | 492,000 |
| Net income | -133.09M | -190.77M | -222.70M | -95.93M | -51.55M |
| Basic EPS | -1.03 | -1.57 | -1.92 | -0.93 | -0.75 |
| Diluted EPS | -1.03 | -1.57 | -1.92 | -0.93 | -0.75 |
| Basic average shares | 128.77M | 121.72M | 116.05M | 103.55M | 68.35M |
| Diluted average shares | 128.77M | 121.72M | 116.05M | 103.55M | 68.35M |
| EBITDA | -105.33M | -174.87M | -167.35M | -80.81M | -29.27M |
| Net income from continuing op. | -133.09M | -190.77M | -222.70M | -95.93M | -51.55M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 1.53B | 1.90B | 2.16B | 1.22B | 320.97M |
| Current assets | |||||
| Cash | 21.27M | 46.52M | 134.77M | 21.27M | 11.62M |
| Cash equivalents | 86.65M | 96.88M | 31.29M | 41.63M | 4.52M |
| Cash and cash equivalents | 107.92M | 143.39M | 166.07M | 62.90M | 16.14M |
| Other short term investments | 214.80M | 374.58M | 361.80M | 131.28M | 114.97M |
| Accounts receivable | 120.50M | 89.58M | 64.63M | 50.26M | 37.14M |
| Other receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | — | — | 32.16M | 16.73M | 10.99M |
| Restricted cash | — | — | — | 87,000 | 70.09M |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 20.46M | 28.93M | 32.16M | 16.73M | 10.99M |
| Non current assets | |||||
| Properties | 55.21M | 68.44M | 69.63M | 60.02M | — |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | 325.31M | 294.47M | 250.18M | 153.82M | 104.99M |
| Construction in progress | 24.51M | 37.01M | — | — | — |
| Leases | 8.61M | 8.37M | 4.63M | 3.82M | 3.29M |
| Accumulated depreciation | -157.30M | -122.46M | -87.85M | -61.65M | -48.24M |
| Goodwill | 1.40B | 1.42B | 1.38B | 1.39B | 1.87M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 62.48M | 82.90M | 102.60M | 121.74M | 1.13M |
| Investments and advances | 6.09M | 165.11M | 528.91M | 20.45M | — |
| Other non current assets | 66.27M | 55.61M | 29.47M | 24.92M | 10.11M |
| Total liabilities | 545.70M | 940.96M | 1.15B | 158.09M | 63.32M |
| Current liabilities | |||||
| Accounts payable | 5.61M | 4.79M | 9.26M | 9.15M | 4.60M |
| Accrued expenses | 19.62M | 17.91M | 32.58M | 11.14M | 14.27M |
| Short term debt | 39.73M | 51.98M | 41.40M | 30.93M | 4.47M |
| Deferred revenue | 33.82M | 28.05M | 26.42M | 15.92M | 317,000 |
| Tax payable | 4.34M | 8.70M | 8.07M | 6.27M | 3.94M |
| Pensions | 39.53M | 36.02M | 13.54M | 20.30M | 9.20M |
| Other current liabilities | 1.27M | 867,000 | 605,000 | 380,000 | 325,000 |
| Non current liabilities | |||||
| Long term debt | 393.59M | 781.56M | 1.01B | 59.60M | 25.16M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | 1.68M | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 4.42M | 7.08M | 2.58M | 4.40M | 404,000 |
| Shareholders equity | |||||
| Common stock | 3,000 | 2,000 | 2,000 | 2,000 | 2,000 |
| Retained earnings | -834.75M | -701.66M | -510.89M | -288.19M | -192.01M |
| Other shareholders equity | -1.01M | -9.29M | -2.63M | 6,000 | 196,000 |
| Total shareholders equity | 979.49M | 955.16M | 1.01B | 1.06B | 257.65M |
| Additional paid in capital | 1.82B | 1.67B | 1.53B | 1.35B | 449.46M |
| Treasury stock | — | — | — | — | — |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | -133.09M | -190.77M | -222.70M | -95.93M | -51.55M | -30.94M | -32.45M |
| Depreciation | 72.03M | 64.32M | 50.04M | 25.06M | 16.55M | 13.40M | 9.64M |
| Deferred Taxes | -900,000 | — | — | -12.95M | — | — | — |
| Stock-Based Compensation | 136.30M | 145.80M | 140.49M | 64.43M | 12.15M | 4.08M | 2.81M |
| Other Non-Cash Items | 41.35M | 41.22M | 32.55M | 25.78M | 2.90M | -694,000 | 408,000 |
| Accounts Receivable | -32.95M | -27.36M | -14.56M | -9.26M | -12.77M | -6.23M | -6.04M |
| Accounts Payable | 382,000 | -4.72M | 146,000 | 4.06M | 2.39M | -372,000 | 1.11M |
| Other Assets & Liabilities | -38.15M | -53.73M | -26.04M | -47.73M | -9.16M | 1.20M | -110,000 |
| Operating Cash Flow | 44.98M | -25.25M | -40.08M | -46.55M | -39.49M | -19.55M | -24.64M |
| Investing Activities | |||||||
| Capital Expenditures | -10.93M | -61.68M | -34.23M | -28.99M | -14.61M | -16.70M | -12.10M |
| Net Intangibles | — | — | -2.09M | -1.81M | -635,000 | — | — |
| Net Acquisitions | — | -25.90M | -1.17M | -200.99M | — | — | — |
| Purchase of Investments | -132.23M | -355.48M | -928.16M | -269.06M | -190.98M | -62.66M | -46.07M |
| Sale of Investments | 459.39M | 696.96M | 184.61M | 231.96M | 123.40M | 35.21M | 43.54M |
| Investing Cash Flow | 316.23M | 253.90M | -778.94M | -267.08M | -82.19M | -44.07M | -14.63M |
| Financing Activities | |||||||
| Long-Term Debt Issuance | — | — | 930.78M | — | 20.37M | 29.46M | 12.77M |
| Long-Term Debt Payments | -27.18M | -22.53M | -13.57M | -26.07M | -50.54M | -2.05M | -7.85M |
| Other Financing Charges | -314.93M | -177.08M | -1.35M | -675,000 | -5.70M | -378,000 | -137,000 |
| Financing Cash Flow | -342.11M | -210.27M | 915.86M | 248.15M | 156.65M | 67.02M | 54.79M |
| Other Cash Details | |||||||
| End Cash Position | 108.07M | 143.54M | 166.96M | 63.88M | 86.23M | 36.96M | 31.40M |
| Income Tax Paid | 331,000 | 250,000 | 267,000 | 1.22M | 361,000 | 55,000 | 166,000 |
| Interest Paid | 1.57M | 2.66M | 1.94M | 1.59M | 5.42M | 1.83M | 996,000 |
| Free Cash Flow | -31.91M | -149.95M | -88.87M | -57.43M | -51.40M | -36.64M | -39.11M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Amplify ETF Tr-Amplify Cybersecurity ETF | Sep 30, 2024 | 5,068,386 | 51.85M | 3.61% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 3,939,179 | 40.30M | 2.81% |
| iShares Russell 2000 ETF | Nov 30, 2024 | 3,709,939 | 37.95M | 2.64% |
| Vanguard Small-Cap Index Fund | Sep 30, 2024 | 3,114,121 | 31.86M | 2.22% |
| Vanguard Information Technology Index Fund | Nov 30, 2024 | 2,970,854 | 30.39M | 2.12% |
| First Tr Exchange Traded Fd II-First Tr Cloud Computing ETF | Nov 30, 2024 | 2,712,755 | 27.75M | 1.93% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 1,901,762 | 19.46M | 1.36% |
| Vanguard Small-Cap Growth Index Fund | Sep 30, 2024 | 1,720,707 | 17.60M | 1.23% |
| Brighthouse Fds Tr I-Morgan Stanley Discovery Port | Sep 30, 2024 | 1,356,747 | 13.88M | 0.97% |
| Morgan Stanley Insight Fund | Sep 30, 2024 | 1,334,798 | 13.65M | 0.95% |
Article
Countdown to Fastly (FSLY) Q4 Earnings: Wall Street Forecasts for Key Metrics
Beyond analysts' top -and-bottom-line estimates for Fastly (FSLY), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.
Feb 10, 2025
Article
New Research Reveals Critical Gaps in Web App and API Security as Attack Complexity Grows
SAN FRANCISCO--(BUSINESS WIRE)-- #applicationprotection--Fastly, Inc. (NYSE: FSLY), a leader in global edge cloud platforms, in partnership with Informa TechTarget's Enterprise Strategy Group (ESG), released a new study today revealing significant challenges for cybersecurity professionals as they combat the rapidly evolving application security landscape. The report, “Balancing Requirements for Application Protection,” based on insights from 383 cybersecurity and IT professionals in North America, underscores the esca.
Feb 4, 2025
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Fastly to Announce Fourth Quarter 2024 Financial Results
SAN FRANCISCO--(BUSINESS WIRE)--Fastly, Inc. (NYSE: FSLY), a leader in global edge cloud platforms, will release financial results for the fourth quarter of 2024 after market close on Wednesday, February 12, 2025. Fastly will host an investor conference call that day to discuss its results at 1:30 p.m. PT / 4:30 p.m. ET. Date: Wednesday, February 12, 2025 Time: 1:30 p.m. PT / 4:30 p.m. ET Webcast: https://investors.fastly.com Dial-in: 888-330-2022 (US/CA) or 646-960-0690 (Intl.) Conf. ID#: 7543.
Jan 16, 2025
