Fastly, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $624.0M | $543.7M | $506.0M | $432.7M | $354.3M | $290.9M | $200.5M | $144.6M |
| Cost of Revenue | $267.8M | $247.7M | $239.7M | $222.9M | $167.0M | $120.0M | $88.3M | $65.5M |
| Gross Profit | $356.2M | $295.9M | $266.3M | $209.8M | $187.3M | $170.9M | $112.1M | $79.1M |
| Gross Margin | 57.1% | 54.4% | 52.6% | 48.5% | 52.9% | 58.7% | 55.9% | 54.7% |
| Operating Expenses | ||||||||
| Research & Development | $162.7M | $138.0M | $152.2M | $155.3M | $126.9M | $74.8M | $46.5M | $34.6M |
| SG&A Expense | $110.7M | $113.4M | $116.1M | $120.8M | $126.8M | $102.1M | $41.1M | $23.5M |
| Operating Income | $-119.0M | $-167.9M | $-198.0M | $-246.2M | $-219.0M | $-107.2M | $-46.5M | $-29.1M |
| Operating Margin | -19.1% | -30.9% | -39.1% | -56.9% | -61.8% | -36.9% | -23.2% | -20.2% |
| Interest Expense | $12.6M | $2.3M | $4.1M | $5.9M | $5.2M | $1.5M | $5.2M | $1.8M |
| Pretax Income | $-119.2M | $-155.5M | $-133.3M | $-190.7M | $-222.6M | $-107.4M | $-51.1M | $-30.8M |
| Income Tax Expense | $2.5M | $2.6M | $-221.0K | $94.0K | $69.0K | $-11.5M | $492.0K | $185.0K |
| Net Income | $-121.7M | $-158.1M | $-133.1M | $-190.8M | $-222.7M | $-95.9M | $-51.6M | $-30.9M |
| Net Margin | -19.5% | -29.1% | -26.3% | -44.1% | -62.9% | -33.0% | -25.7% | -21.4% |
| EPS (Basic) | $-0.83 | $-1.14 | $-1.03 | $-1.57 | $-1.92 | $-0.93 | $-0.75 | $-1.27 |
| EPS (Diluted) | $-0.83 | $-1.14 | $-1.03 | $-1.57 | $-1.92 | $-0.93 | $-0.75 | $-1.27 |
| Shares Outstanding (Basic) | 146.9M | 138.1M | 128.8M | 121.7M | 116.1M | 103.6M | 68.4M | 25.0M |
| Shares Outstanding (Diluted) | 146.9M | 138.1M | 128.8M | 121.7M | 116.1M | 103.6M | 68.4M | 25.0M |
| Dividends Per Share | — | — | — | — | — | — | — | — |