Fastly Inc
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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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.
FY2024 · Filed Feb 26, 2025
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, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenue | $543,676 | $505,988 | $432,725 |
| Cost of revenue | 247,738 | 239,660 | 222,944 |
| Gross profit | 295,938 | 266,328 | 209,781 |
| Operating expenses: | |||
| Research and development | 137,980 | 152,190 | 155,308 |
| Sales and marketing | 198,610 | 191,773 | 179,869 |
| General and administrative | 113,399 | 116,077 | 120,803 |
| Impairment expense | 4,144 | 4,316 | — |
| Restructuring charges | 9,720 | — | — |
| Total operating expenses | 463,853 | 464,356 | 455,980 |
| Loss from operations | (167,915) | (198,028) | (246,199) |
| Net gain on extinguishment of debt | 1,365 | 52,416 | 54,391 |
| Interest income | 14,871 | 18,186 | 7,044 |
| Interest expense | (2,747) | (4,051) | (5,887) |
| Other expense, net | (1,028) | (1,832) | (29) |
| Loss before income tax expense (benefit) | (155,454) | (133,309) | (190,680) |
| Income tax expense (benefit) | 2,604 | (221) | 94 |
| Net loss | $(158,058) | $(133,088) | $(190,774) |
| Net loss per share attributable to common stockholders, basic and diluted | $(1.14) | $(1.03) | $(1.57) |
| Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted | 138,099 | 128,770 | 121,723 |
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