Fastly Inc
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 22, 2024
FSLY$16.24+1.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(in thousands, except per share data)
| Year ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Revenue | $505,988 | $432,725 | $354,330 |
| Cost of revenue | 239,660 | 222,944 | 167,002 |
| Gross profit | 266,328 | 209,781 | 187,328 |
| Operating expenses: | |||
| Research and development | 152,190 | 155,308 | 126,859 |
| Sales and marketing | 191,773 | 179,869 | 152,645 |
| General and administrative | 116,077 | 120,803 | 126,845 |
| Impairment expense | 4,316 | — | — |
| Total operating expenses | 464,356 | 455,980 | 406,349 |
| Loss from operations | (198,028) | (246,199) | (219,021) |
| Net gain on extinguishment of debt | 52,416 | 54,391 | — |
| Interest income | 18,186 | 7,044 | 1,282 |
| Interest expense | (4,051) | (5,887) | (5,245) |
| Other income (expense), net | (1,832) | (29) | 356 |
| Loss before income tax expense | (133,309) | (190,680) | (222,628) |
| Income tax expense (benefit) | (221) | 94 | 69 |
| Net loss | $(133,088) | $(190,774) | $(222,697) |
| Net loss per share attributable to common stockholders, basic and diluted | $(1.03) | $(1.57) | $(1.92) |
| Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted | 128,770 | 121,723 | 116,053 |
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