Fastly, Inc.
For the period ended Dec 31, 2025. Filed Feb 25, 2026.
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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.
FY2025 · Filed Feb 25, 2026
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, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Revenue | $624,018 | $543,676 | $505,988 |
| Cost of revenue | 267,815 | 247,738 | 239,660 |
| Gross profit | 356,203 | 295,938 | 266,328 |
| Operating expenses: | |||
| Research and development | 162,662 | 137,980 | 152,190 |
| Sales and marketing | 201,434 | 198,610 | 191,773 |
| General and administrative | 110,692 | 113,399 | 116,077 |
| Impairment expense | 415 | 4,144 | 4,316 |
| Restructuring charges | — | 9,720 | — |
| Total operating expenses | 475,203 | 463,853 | 464,356 |
| Loss from operations | (119,000) | (167,915) | (198,028) |
| Net gain on extinguishment of debt | 941 | 1,365 | 52,416 |
| Interest income | 12,290 | 14,871 | 18,186 |
| Interest expense | (12,699) | (2,747) | (4,051) |
| Other expense, net | (721) | (1,028) | (1,832) |
| Loss before income tax expense (benefit) | (119,189) | (155,454) | (133,309) |
| Income tax expense (benefit) | 2,488 | 2,604 | (221) |
| Net loss | $(121,677) | $(158,058) | $(133,088) |
| Net loss per share attributable to common stockholders, basic and diluted | $(0.83) | $(1.14) | $(1.03) |
| Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted | 146,902 | 138,099 | 128,770 |
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