A Business at a Glance
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Fastly, Inc.
FSLY
$3.0B
Mkt Cap
$20.24
+4.17%
Fastly, Inc. (FSLY) has a 5-year average return on invested capital (ROIC) of -10.9%. This is below average and may indicate limited pricing power.
Fastly, Inc. (FSLY) has a market capitalization of $3.0B. It is classified as a mid-cap stock.
Fastly, Inc. (FSLY) does not currently pay a regular dividend.
Fastly, Inc. (FSLY) operates in the Services-Prepackaged Software industry, within the Technology sector.
Fastly, Inc. (FSLY) reported annual revenue of $624 million in its most recent fiscal year, based on SEC EDGAR filings.
Fastly, Inc. (FSLY) has a net profit margin of -19.5%. The company is currently unprofitable.
Fastly, Inc. (FSLY) generated $66 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Organizations around the world are more dependent on the quality of digital experiences they provide than ever before. As the internet approaches an inflection point where automated, artificial intelligence (“AI”)-driven traffic increases demands on infrastructure, Fastly is the essential platform to deliver resilient, highly performant, always-on software and services at global scale. The edge cloud is a category of Infrastructure as a Service (“IaaS”) that enables software engineers to build, secure, and deliver digital experiences at the edge of the Internet. Our platform represents the convergence of the Content Delivery Network (“CDN”) with functionality that has traditionally been delivered by hardware-centric appliances such as Application Delivery Controllers (“ADC”), Web Application Firewalls (“WAF”), API Management, Bot Detection, Distributed Denial of Service (“DDoS”), Web Application and API Protection (“WAAP”), and infrastructure protection.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 624M | 624M | 544M | 506M | 433M | 354M |
| Net Income | -122M | -122M | -158M | -133M | -191M | -223M |
| EPS | $-0.83 | $-0.83 | $-1.14 | $-1.03 | $-1.57 | $-1.92 |
| Free Cash Flow | 66M | 66M | 6.1M | -11M | -90M | -73M |
| ROIC | -7.7% | -9.5% | -12.1% | -10.1% | -11.5% | -11.4% |
| Gross Margin | 57.1% | 57.1% | 54.4% | 52.6% | 48.5% | 52.9% |
| Debt/Equity | 0.50 | 0.50 | 0.42 | 0.46 | 0.89 | 1.04 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -119M | -119M | -168M | -198M | -246M | -219M |
| Operating Margin | -19.1% | -19.1% | -30.9% | -39.1% | -56.9% | -61.8% |
| ROE | -13.1% | -12.8% | -16.4% | -13.6% | -20.0% | -22.0% |
| Shares Outstanding | 147M | 147M | 139M | 129M | 122M | 116M |
| Metric | 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||
| Revenue | 145M | 200M | 291M | 354M | 433M | 506M | 544M | 624M | 624M |
| Gross Margin | 54.7% | 55.9% | 58.7% | 52.9% | 48.5% | 52.6% | 54.4% | 57.1% | 57.1% |
| R&D | 35M | 46M | 75M | 127M | 155M | 152M | 138M | 163M | 163M |
| SG&A | 23M | 41M | 102M | 127M | 121M | 116M | 113M | 111M | 111M |
| EBIT | -29M | -47M | -107M | -219M | -246M | -198M | -168M | -119M | -119M |
| Op. Margin | -20.2% | -23.2% | -36.9% | -61.8% | -56.9% | -39.1% | -30.9% | -19.1% | -19.1% |
| Net Income | -31M | -52M | -96M | -223M | -191M | -133M | -158M | -122M | -122M |
| Net Margin | -21.4% | -25.7% | -33.0% | -62.9% | -44.1% | -26.3% | -29.1% | -19.5% | -19.5% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 4.3M | 14M | 415K | 415K |
| Returns on Capital | |||||||||
| ROIC | -17.9% | -18.6% | -9.0% | -11.4% | -11.5% | -10.1% | -12.1% | -9.5% | -7.7% |
| ROE | N/A | -20.0% | -9.0% | -22.0% | -20.0% | -13.6% | -16.4% | -12.8% | -13.1% |
| ROA | -19.0% | -16.1% | -7.9% | -10.3% | -10.1% | -8.7% | -10.9% | -8.2% | -8.1% |
| Cash Flow | |||||||||
| Op. Cash Flow | -17M | -31M | -20M | -38M | -70M | 362K | 16M | 94M | 94M |
| Free Cash Flow | -34M | -46M | -49M | -73M | -90M | -11M | 6.1M | 66M | 66M |
| Owner Earnings | -34M | -60M | -104M | -208M | -258M | -188M | -146M | -84M | -84M |
| CapEx | 17M | 15M | 30M | 35M | 20M | 11M | 10M | 29M | 29M |
| Maint. CapEx | 13M | 17M | 20M | 29M | 43M | 52M | 54M | 61M | 61M |
| Growth CapEx | 3.3M | 0 | 9.6M | 6.0M | 0 | 0 | 0 | 0 | 0 |
| D&A | 13M | 17M | 20M | 29M | 43M | 52M | 54M | 61M | 61M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | 3032.0% | 63.0% | 30.4% | 30.4% |
| Capital Allocation | |||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 4.1M | 12M | 64M | 140M | 146M | 136M | 108M | 117M | 117M |
| Debt Repayment | 257K | 231K | 0 | 1.4M | 0 | 0 | 5.7M | 5.9M | 5.9M |
| Balance Sheet | |||||||||
| Net Debt | -21M | -102M | -107M | 523M | 329M | 125M | 109M | 107M | 288M |
| Cash & Equiv. | 37M | 16M | 63M | 166M | 143M | 108M | 286M | 181M | 181M |
| Long-Term Debt | 39M | 20M | 0 | 933M | 705M | 344M | 338M | 323M | 323M |
| Debt/Equity | -0.47 | 0.11 | 0.08 | 1.04 | 0.89 | 0.46 | 0.42 | 0.50 | 0.50 |
| Interest Coverage | -16.1 | -8.9 | -69.2 | -41.8 | -41.8 | -3.8 | -123.0 | -9.4 | -9.4 |
| Equity | -132M | 258M | 1.1B | 1.0B | 955M | 979M | 965M | 930M | 930M |
| Total Assets | 163M | 321M | 1.2B | 2.2B | 1.9B | 1.5B | 1.5B | 1.5B | 1.5B |
| Total Liabilities | 75M | 63M | 158M | 1.1B | 941M | 546M | 486M | 570M | 570M |
| Intangibles | 610K | 1.1M | 122M | 103M | 83M | 62M | 43M | 26M | 26M |
| Retained Earnings | -146M | -192M | -288M | -511M | -702M | -835M | -993M | -1.1B | -1.1B |
| Working Capital | 86M | 212M | 167M | 493M | 484M | 316M | 336M | 313M | 313M |
| Current Assets | 117M | 249M | 261M | 625M | 636M | 464M | 440M | 507M | 507M |
| Current Liabilities | 32M | 37M | 94M | 132M | 152M | 148M | 104M | 194M | 194M |
| Per Share Data | |||||||||
| EPS | -1.27 | -0.75 | -0.93 | -1.92 | -1.57 | -1.03 | -1.14 | -0.83 | -0.83 |
| Owner EPS | -0.36 | -0.87 | -1.01 | -1.79 | -2.12 | -1.45 | -1.05 | -0.57 | -0.57 |
| Book Value | -1.38 | 3.75 | 10.29 | 8.74 | 7.86 | 7.58 | 6.96 | 6.34 | 6.34 |
| Cash Flow/Share | -0.18 | -0.46 | -0.19 | -0.33 | -0.57 | 0.00 | 0.12 | 0.64 | -0.41 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 95.9M | 68.7M | 103.2M | 116.0M | 121.5M | 129.2M | 138.6M | 146.6M | 146.6M |
| Valuation | |||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -24.4 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | 219.1 | 22.8 | 45.1 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | 5.5 | 8.8 | 4.1 | 0.9 | 2.4 | 1.4 | 1.6 | 3.2 |
| Price/Sales | N/A | 7.6 | 20.7 | 19.2 | 4.1 | 4.1 | 2.7 | 1.9 | 4.8 |
| FCF Yield | N/A | -3.2% | -0.5% | -1.7% | -9.9% | -0.4% | 0.5% | 4.4% | 2.2% |
| Market Cap | N/A | 1.4B | 9.3B | 4.2B | 905M | 2.4B | 1.3B | 1.5B | 3.0B |
| Avg. Price | N/A | 22.02 | 58.46 | 58.53 | 14.56 | 16.02 | 10.45 | 8.07 | 20.24 |
| Year-End Price | N/A | 20.57 | 90.22 | 36.26 | 7.45 | 18.47 | 9.60 | 10.24 | 20.24 |
Fastly, Inc. passes 3 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 46.7x vs a median of 22.8x. The company's 5-year average gross margin is 53.1%. At current prices, the estimated annualized return to fair value is +175.3%.
Fastly, Inc. (FSLY) has a debt-to-equity ratio of 0.50. This indicates moderate leverage.
Fastly, Inc. (FSLY) reported earnings per share (EPS) of $-0.83 in its most recent fiscal year.
Fastly, Inc. (FSLY) has a return on equity (ROE) of -12.8%. A negative ROE may indicate losses or negative equity.
Fastly, Inc. (FSLY) has a 5-year average gross margin of 53.1%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 8 years of financial data for Fastly, Inc. (FSLY), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Fastly, Inc. (FSLY) has a book value per share of $6.34, based on its most recent annual SEC filing.