FSLY - Fastly, Inc.
Price:
--
--
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CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$23.43
DETAILS
HIGH:
$32.00
LOW:
$13.00
MEDIAN:
$24.00
CONSENSUS:
$23.43
UPSIDE:
43.57%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||
| Revenue | 624.0 | 543.7 | 506.0 | 432.7 | 354.3 | 290.9 | 200.5 | 144.6 | 104.9 |
| Cost of Revenue | 267.8 | 247.7 | 239.7 | 222.9 | 167.0 | 120.0 | 88.3 | 65.5 | 48.7 |
| Gross Profit | 356.2 | 295.9 | 266.3 | 209.8 | 187.3 | 170.9 | 112.1 | 79.1 | 56.2 |
| Operating Expenses | |||||||||
| R&D Expenses | 162.7 | 138.0 | 152.2 | 155.3 | 126.9 | 74.8 | 46.5 | 34.6 | 29.0 |
| SG&A Expenses | 312.1 | 312.0 | 307.9 | 300.7 | 279.5 | 203.3 | 112.2 | 73.6 | 58.3 |
| Other Expenses | 0 | 13.9 | 4.3 | 0 | 0 | 0 | 0 | (0.7) | (0.5) |
| Operating Expenses | 474.8 | 463.9 | 464.4 | 456.0 | 406.3 | 278.1 | 158.7 | 108.2 | 87.3 |
| Operating Income | |||||||||
| Operating Income | (117.8) | (167.9) | (198.0) | (246.2) | (219.0) | (107.2) | (46.5) | (29.1) | (31.0) |
| Interest Expense | 12.7 | 2.7 | 4.1 | 5.9 | 5.2 | 1.5 | 5.2 | 1.8 | 1.1 |
| Interest Income | 12.3 | 14.9 | 18.2 | 7.0 | 1.3 | 1.6 | 3.3 | 0.9 | 0.4 |
| Profitability | |||||||||
| EBITDA | (9.3) | (79.1) | (19.0) | (120.5) | (167.3) | (80.8) | (27.0) | (15.5) | (21.5) |
| EBIT | (106.5) | (152.7) | (129.3) | (184.8) | (217.4) | (105.9) | (45.8) | (28.9) | (31.1) |
| Income Before Tax | (119.2) | (155.5) | (133.3) | (190.7) | (222.6) | (107.4) | (51.1) | (30.8) | (32.2) |
| Income Tax Expense | 2.5 | 2.6 | (0.2) | 0.1 | 0.1 | (11.5) | 0.5 | 0.2 | 0.2 |
| Net Income | (121.7) | (158.1) | (133.1) | (190.8) | (222.7) | (95.9) | (51.5) | (30.9) | (32.5) |
| Per Share Data | |||||||||
| EPS (Basic) | -0.83 | -1.14 | -1.03 | -1.57 | -1.92 | -0.93 | -0.75 | -0.39 | -0.41 |
| EPS (Diluted) | -0.83 | -1.14 | -1.03 | -1.57 | -1.92 | -0.93 | -0.75 | -0.39 | -0.41 |
| Shares Outstanding | 146.9 | 138.1 | 128.8 | 121.7 | 116.1 | 103.6 | 68.3 | 78.9 | 78.9 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||
| Cash & Cash Equivalents | 180.6 | 286.2 | 107.9 | 143.4 | 166.1 | 62.9 | 16.1 | 37.0 | 31.3 |
| Short-Term Investments | 181.2 | 9.7 | 214.8 | 374.6 | 361.8 | 131.3 | 115.0 | 46.7 | 18.9 |
| Net Receivables | 118.0 | 116.0 | 120.5 | 89.6 | 64.6 | 50.3 | 37.1 | 24.7 | 19.1 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 26.9 | 28.3 | 20.5 | 28.9 | 0 | 0.1 | 70.1 | 0 | 0 |
| Total Current Assets | 506.7 | 440.2 | 463.7 | 636.5 | 624.6 | 261.3 | 249.3 | 117.3 | 75.9 |
| Non-Current Assets | |||||||||
| Property, Plant & Equipment | 238.9 | 229.5 | 231.8 | 285.8 | 236.6 | 156.0 | 60.0 | 42.4 | 37.0 |
| Goodwill | 670.4 | 670.4 | 670.4 | 670.2 | 636.8 | 635.6 | 0.4 | 0.4 | 0.4 |
| Intangible Assets | 25.8 | 42.9 | 62.5 | 82.9 | 102.6 | 121.7 | 1.1 | 0.6 | 0.7 |
| Long-Term Investments | 0 | 0 | 6.1 | 165.1 | 528.9 | 20.4 | 0 | 0 | 0 |
| Other Non-Current Assets | 57.8 | 68.4 | 90.8 | 55.6 | 29.5 | 24.9 | 10.1 | 2.2 | 2.2 |
| Total Non-Current Assets | 992.8 | 1,011.2 | 1,061.5 | 1,259.6 | 1,534.4 | 958.7 | 71.6 | 45.5 | 40.2 |
| Total Assets | 1,499.5 | 1,451.4 | 1,525.2 | 1,896.1 | 2,159.0 | 1,220.0 | 321.0 | 162.8 | 116.2 |
| Current Liabilities | |||||||||
| Account Payables | 17.6 | 6.0 | 5.6 | 4.8 | 9.3 | 9.2 | 4.6 | 2.3 | 4.1 |
| Short-Term Debt | 38.6 | 0 | 0 | 0 | 0 | 0 | 0 | 10 | 1.8 |
| Deferred Revenue | 35.2 | 26.5 | 33.8 | 28.0 | 26.4 | 15.9 | 0.3 | 1.6 | 0.5 |
| Other Current Liabilities | 78.2 | 25.6 | 53.6 | 36.9 | 14.1 | 20.7 | 9.5 | 12.5 | 5.1 |
| Total Current Liabilities | 194.0 | 104.5 | 147.7 | 152.3 | 131.9 | 94.1 | 37.1 | 31.8 | 18.2 |
| Non-Current Liabilities | |||||||||
| Long-Term Debt | 323.3 | 337.6 | 343.5 | 704.7 | 933.2 | 0 | 20.1 | 37.3 | 23.2 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 1.7 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 8.7 | 4.5 | 4.4 | 7.1 | 2.6 | 0.6 | 1.0 | 223.5 | 181.8 |
| Total Non-Current Liabilities | 375.9 | 381.7 | 398.0 | 788.6 | 1,013.2 | 64.0 | 26.2 | 262.9 | 204.9 |
| Total Liabilities | 569.9 | 486.1 | 545.7 | 941.0 | 1,145.1 | 158.1 | 63.3 | 294.7 | 223.2 |
| Stockholders' Equity | |||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (1,114.5) | (992.8) | (834.8) | (701.7) | (510.9) | (288.2) | (192.0) | (146.2) | (115.3) |
| Accumulated Other Comprehensive Income | (0.0) | (0.1) | (1.0) | (9.3) | (2.6) | 0.0 | 0.2 | (0.0) | (0.0) |
| Total Stockholders' Equity | 929.6 | 965.2 | 979.5 | 955.2 | 1,014.0 | 1,061.9 | 257.7 | (131.9) | (107.0) |
| Total Liabilities & Equity | 1,499.5 | 1,451.4 | 1,525.2 | 1,896.1 | 2,159.0 | 1,220.0 | 321.0 | 162.8 | 116.2 |
| Debt Metrics | |||||||||
| Total Debt | 430.2 | 404.7 | 433.3 | 833.5 | 1,052.0 | 90.5 | 29.6 | 50.8 | 24.9 |
| Net Debt | 249.6 | 118.5 | 325.4 | 690.1 | 885.9 | 27.6 | 13.5 | 13.8 | (6.4) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Net Income | (121.7) | (158.1) | (133.1) | (190.8) | (222.7) | (95.9) | (51.5) | (30.9) | (32.5) |
| Depreciation & Amortization | 77.9 | 73.6 | 72.0 | 64.3 | 50.0 | 25.1 | 16.6 | 13.4 | 9.6 |
| Stock-Based Compensation | 117.3 | 107.9 | 136.3 | 145.8 | 140.5 | 64.4 | 12.1 | 4.1 | 2.8 |
| Change in Working Capital | (22.9) | (54.1) | (69.9) | (84.3) | (41.0) | (28.3) | (17.6) | (3.8) | (7.5) |
| Other Non-Cash Items | 42.4 | 45.2 | (4.1) | (4.7) | 34.7 | 27.8 | 6.7 | (0.7) | 0.4 |
| Operating Cash Flow | 94.4 | 16.4 | 0.4 | (69.6) | (38.5) | (19.9) | (31.3) | (17.0) | (25.9) |
| Investing Activities | |||||||||
| Capital Expenditure | (28.7) | (37.2) | (32.3) | (80.3) | (50.4) | (37.5) | (20.1) | (19.7) | (13.2) |
| Acquisitions | 0 | (3.8) | 0 | (25.9) | (1.2) | (201.0) | 5.5 | 0 | 1.1 |
| Purchases of Investments | (389.8) | (155.1) | (132.2) | (355.5) | (928.2) | (269.1) | (191.0) | (62.7) | (46.1) |
| Sales/Maturities of Investments | 223.1 | 371.2 | 459.4 | 697.0 | 184.6 | 232.0 | 123.4 | 35.2 | 43.5 |
| Other Investing Activities | (17.6) | (32.6) | (21.2) | (17.7) | (15.0) | (7.4) | (5.5) | 0.1 | (1.1) |
| Investing Cash Flow | (213.0) | 178.9 | 294.9 | 235.8 | (794.5) | (275.0) | (87.7) | (47.0) | (15.8) |
| Financing Activities | |||||||||
| Net Debt Issuance | 177.7 | (15.0) | (27.2) | (22.5) | 917.2 | (26.1) | (30.2) | 27.4 | 4.9 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.0) | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (173.0) | (9.5) | (304.2) | (166.6) | 19.3 | 23.9 | 5.9 | 2.2 | 0.5 |
| Financing Cash Flow | 12.8 | (17.1) | (331.4) | (189.1) | 936.6 | 272.7 | 168.1 | 69.6 | 55.4 |
| Cash Position | |||||||||
| Net Change in Cash | (105.6) | 178.1 | (35.5) | (23.4) | 103.1 | (22.3) | 49.3 | 5.7 | 13.7 |
| Cash at Beginning | 286.2 | 108.1 | 143.5 | 167.0 | 63.9 | 86.2 | 37.0 | 31.3 | 17.7 |
| Cash at End | 180.6 | 286.2 | 108.1 | 143.5 | 167.0 | 63.9 | 86.2 | 37.0 | 31.4 |
| Free Cash Flow | 65.8 | (20.8) | (31.9) | (149.9) | (88.9) | (57.4) | (51.4) | (36.6) | (39.1) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||
| Revenue | 624.0 | 543.7 | 506.0 | 432.7 | 354.3 | 290.9 | 200.5 | 144.6 | 104.9 |
| Gross Profit | 356.2 | 295.9 | 266.3 | 209.8 | 187.3 | 170.9 | 112.1 | 79.1 | 56.2 |
| Operating Income | (117.8) | (167.9) | (198.0) | (246.2) | (219.0) | (107.2) | (46.5) | (29.1) | (31.0) |
| Net Income | (121.7) | (158.1) | (133.1) | (190.8) | (222.7) | (95.9) | (51.5) | (30.9) | (32.5) |
| EPS (Diluted) | -0.83 | -1.14 | -1.03 | -1.57 | -1.92 | -0.93 | -0.75 | -0.39 | -0.41 |
| Balance Sheet | |||||||||
| Cash & Equivalents | 180.6 | 286.2 | 107.9 | 143.4 | 166.1 | 62.9 | 16.1 | 37.0 | 31.3 |
| Total Assets | 1,499.5 | 1,451.4 | 1,525.2 | 1,896.1 | 2,159.0 | 1,220.0 | 321.0 | 162.8 | 116.2 |
| Total Debt | 430.2 | 404.7 | 433.3 | 833.5 | 1,052.0 | 90.5 | 29.6 | 50.8 | 24.9 |
| Stockholders' Equity | 929.6 | 965.2 | 979.5 | 955.2 | 1,014.0 | 1,061.9 | 257.7 | (131.9) | (107.0) |
| Cash Flow | |||||||||
| Operating Cash Flow | 94.4 | 16.4 | 0.4 | (69.6) | (38.5) | (19.9) | (31.3) | (17.0) | (25.9) |
| Capital Expenditure | (28.7) | (37.2) | (32.3) | (80.3) | (50.4) | (37.5) | (20.1) | (19.7) | (13.2) |
| Free Cash Flow | 65.8 | (20.8) | (31.9) | (149.9) | (88.9) | (57.4) | (51.4) | (36.6) | (39.1) |