FSLY Chart
About

Fastly, Inc. operates an edge cloud platform for processing, serving, and securing its customer's applications in the United States, the Asia Pacific, Europe, and internationally. The edge cloud is a category of Infrastructure as a Service that enables developers to build, secure, and deliver digital experiences at the edge of the internet. The company offers network services to speed up and optimize the delivery of web and application traffic; content delivery network, such as dynamic site acceleration, origin shield, instant purge, surrogate keys, programmatic control, content compression, reliability features, fanout, domainr, privacy, and modern protocols and performance services; and video/ streaming solutions and services, including live streaming, live event monitoring, video on demand, and media shield. It also provides security solutions, such as DDoS protection, next-gen WAF, bot management, API and ATO protection, advanced rate limiting, privacy, and compliance services; load balancing; image optimization; transport layer security (TLS), platform TLS, and certainly; compute: observability; and origin connect. In addition, the company offers professional services comprising managed and response security services; managed CDN; and support plans services. It serves customers operating in digital publishing, media, technology, online education, travel and hospitality, and financial services industries. The company was formerly known as SkyCache, Inc. and changed its name to Fastly, Inc. in May 2012. Fastly, Inc. was incorporated in 2011 and is headquartered in San Francisco, California.

Fundamentals
Scroll to Statements
Sector Technology Industry Software - Application Market Cap 2.74B
Enterprise Value 2.72B Income -121.68M Sales 624.02M
Book/sh 6.18 Cash/sh 2.41 Dividend Yield —
Payout 0.00% Employees — IPO —
P/E — Forward P/E 50.29 PEG —
P/S 4.38 P/B 2.96 P/C —
EV/EBITDA -69.49 EV/Sales 4.37 Quick Ratio 2.47
Current Ratio 2.61 Debt/Eq 46.28 LT Debt/Eq —
EPS (ttm) -0.83 EPS next Y 0.36 EPS Growth —
Revenue Growth 22.80% Earnings 2026-05-06 ROA -4.96%
ROE -12.84% ROIC — Gross Margin 57.08%
Oper. Margin -8.61% Profit Margin -19.50% Shs Outstand 149.40M
Shs Float 141.20M Short Float 9.93% Short Ratio 4.23
Short Interest — 52W High 20.27 52W Low 4.65
Beta 1.08 Avg Volume 8.11M Volume 4.45M
Target Price $12.57 Recom Buy Prev Close $17.67
Price $18.31 Change 3.62%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$12.57
Mean price target
2. Current target
$18.31
Latest analyst target
3. DCF / Fair value
$17.83
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$18.31
Low
$7.00
High
$15.00
Mean
$12.57

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-13 main Citigroup Neutral → Neutral $13
2026-02-12 main RBC Capital Sector Perform → Sector Perform $12
2026-02-12 reit Piper Sandler Neutral → Neutral $14
2026-02-09 main DA Davidson Neutral → Neutral $9
2026-01-16 main Citigroup Neutral → Neutral $10
2026-01-05 main Piper Sandler Neutral → Neutral $11
2026-01-05 main RBC Capital Sector Perform → Sector Perform $10
2025-12-15 up Keybanc Sector Weight → Overweight $14
2025-11-17 init Oppenheimer — → Perform —
2025-11-11 main Citigroup Neutral → Neutral $12
2025-11-11 main DA Davidson Neutral → Neutral $12
2025-11-06 main Piper Sandler Neutral → Neutral $10
2025-11-06 main RBC Capital Sector Perform → Sector Perform $9
2025-08-07 main RBC Capital Sector Perform → Sector Perform $7
2025-06-06 init Keybanc — → Sector Weight —
2025-05-08 main RBC Capital Sector Perform → Sector Perform $6
2025-05-08 main Piper Sandler Neutral → Neutral $7
2025-05-08 main Morgan Stanley Equal-Weight → Equal-Weight $8
2025-04-16 main Morgan Stanley Equal-Weight → Equal-Weight $7
2025-04-08 main Piper Sandler Neutral → Neutral $6
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 14797 279402 — Sale at price 18.26 - 20.11 per share. COMPTON CHARLES LACEY III Chief Executive Officer — 2026-02-19 00:00:00 D
1 74457 1448203 — Sale at price 18.24 - 20.10 per share. BERGMAN ARTUR PER Chief Technology Officer — 2026-02-19 00:00:00 D/I
2 12916 226417 — Sale at price 17.53 per share. COMPTON CHARLES LACEY III Chief Executive Officer — 2026-02-18 00:00:00 D
3 6573 115225 — Sale at price 17.53 per share. LOVETT SCOTT R Officer — 2026-02-18 00:00:00 D
4 18338 321465 — Sale at price 17.53 per share. BERGMAN ARTUR PER Chief Technology Officer — 2026-02-18 00:00:00 D
5 260975 4768958 — Sale at price 17.42 - 18.75 per share. BERGMAN ARTUR PER Chief Technology Officer — 2026-02-17 00:00:00 D/I
6 619335 9966546 — Sale at price 13.88 - 17.69 per share. BERGMAN ARTUR PER Chief Technology Officer — 2026-02-12 00:00:00 D
7 20000 176800 — Sale at price 8.84 per share. BERGMAN ARTUR PER Chief Technology Officer — 2026-02-09 00:00:00 D
8 9635 — — Stock Award(Grant) at price 0.00 per share. BERGMAN ARTUR PER Chief Technology Officer — 2026-02-04 00:00:00 D
9 20000 187200 — Sale at price 9.36 per share. BERGMAN ARTUR PER Chief Technology Officer — 2026-02-02 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems-2.62M0.000.000.00
TaxRateForCalcs0.210.000.000.27
NormalizedEBITDA-66.57M-105.33M-174.87M-167.35M
TotalUnusualItems-12.50M48.10M54.39M0.00
TotalUnusualItemsExcludingGoodwill-12.50M48.10M54.39M0.00
NetIncomeFromContinuingOperationNetMinorityInterest-158.06M-133.09M-190.77M-222.70M
ReconciledDepreciation73.64M72.03M64.31M50.04M
ReconciledCostOfRevenue247.74M239.66M222.94M167.00M
EBITDA-79.07M-57.23M-120.48M-167.35M
EBIT-152.71M-129.26M-184.79M-217.38M
NetInterestIncome12.12M14.13M1.16M-3.96M
InterestExpense2.75M4.05M5.89M5.25M
InterestIncome14.87M18.19M7.04M1.28M
NormalizedIncome-148.18M-181.19M-245.16M-222.70M
NetIncomeFromContinuingAndDiscontinuedOperation-158.06M-133.09M-190.77M-222.70M
TotalExpenses697.73M699.70M678.92M573.35M
TotalOperatingIncomeAsReported-167.91M-198.03M-246.20M-219.02M
DilutedAverageShares146.90M138.10M128.77M121.72M
BasicAverageShares146.90M138.10M128.77M121.72M
DilutedEPS-0.83-1.14-1.03-1.57
BasicEPS-0.83-1.14-1.03-1.57
DilutedNIAvailtoComStockholders-158.06M-133.09M-190.77M-222.70M
NetIncomeCommonStockholders-158.06M-133.09M-190.77M-222.70M
NetIncome-158.06M-133.09M-190.77M-222.70M
NetIncomeIncludingNoncontrollingInterests-158.06M-133.09M-190.77M-222.70M
NetIncomeContinuousOperations-158.06M-133.09M-190.77M-222.70M
TaxProvision2.60M-221.00K94.00K69.00K
PretaxIncome-155.45M-133.31M-190.68M-222.63M
OtherIncomeExpense-13.53M46.27M54.36M356.00K
OtherNonOperatingIncomeExpenses-1.03M-1.83M-29.00K356.00K
SpecialIncomeCharges-12.50M48.10M54.39M0.00
OtherSpecialCharges-1.36M-52.42M-54.39M
WriteOff4.14M4.32M0.000.00
ImpairmentOfCapitalAssets4.14M4.32M0.000.00
RestructuringAndMergernAcquisition9.72M0.000.00
NetNonOperatingInterestIncomeExpense12.12M14.13M1.16M-3.96M
InterestExpenseNonOperating2.75M4.05M5.89M5.25M
InterestIncomeNonOperating14.87M18.19M7.04M1.28M
OperatingIncome-154.05M-193.71M-246.20M-219.02M
OperatingExpense449.99M460.04M455.98M406.35M
ResearchAndDevelopment137.98M152.19M155.31M126.86M
SellingGeneralAndAdministration312.01M307.85M300.67M279.49M
SellingAndMarketingExpense198.61M191.77M179.87M152.65M
GeneralAndAdministrativeExpense113.40M116.08M120.80M126.84M
OtherGandA113.40M116.08M120.80M126.84M
GrossProfit295.94M266.33M209.78M187.33M
CostOfRevenue247.74M239.66M222.94M167.00M
TotalRevenue543.68M505.99M432.73M354.33M
OperatingRevenue543.68M505.99M432.73M354.33M
Line Item2023-12-31
TreasurySharesNumber0.00
OrdinarySharesNumber142.09M132.99M124.34M118.81M
ShareIssued142.09M132.99M124.34M118.81M
NetDebt51.44M235.59M561.32M767.14M
TotalDebt404.66M433.32M833.54M1.05B
TangibleBookValue252.02M246.66M202.07M274.55M
InvestedCapital1.30B1.32B1.66B1.95B
WorkingCapital335.74M315.98M484.16M492.78M
NetTangibleAssets252.02M246.66M202.07M274.55M
CapitalLeaseObligations67.04M89.81M128.83M118.80M
CommonStockEquity965.25M979.49M955.16M1.01B
TotalCapitalization1.30B1.32B1.66B1.95B
TotalEquityGrossMinorityInterest965.25M979.49M955.16M1.01B
StockholdersEquity965.25M979.49M955.16M1.01B
GainsLossesNotAffectingRetainedEarnings-100.00K-1.01M-9.29M-2.63M
OtherEquityAdjustments-100.00K-1.01M-9.29M-2.63M
RetainedEarnings-992.81M-834.75M-701.66M-510.89M
AdditionalPaidInCapital1.96B1.82B1.67B1.53B
CapitalStock3.00K3.00K2.00K2.00K
CommonStock3.00K3.00K2.00K2.00K
TotalLiabilitiesNetMinorityInterest486.11M545.70M940.96M1.15B
TotalNonCurrentLiabilitiesNetMinorityInterest381.65M398.01M788.63M1.01B
OtherNonCurrentLiabilities4.48M4.42M7.08M2.58M
LongTermDebtAndCapitalLeaseObligation377.18M393.59M781.56M1.01B
LongTermCapitalLeaseObligation39.56M50.09M76.85M77.41M
LongTermDebt337.61M343.51M704.71M933.21M
CurrentLiabilities104.46M147.69M152.32M131.87M
OtherCurrentLiabilities2.05M1.27M867.00K605.00K
CurrentDeferredLiabilities26.51M33.82M28.05M26.42M
CurrentDeferredRevenue26.51M33.82M28.05M26.42M
CurrentDebtAndCapitalLeaseObligation27.48M39.73M51.98M41.40M
CurrentCapitalLeaseObligation27.48M39.73M51.98M41.40M
PensionandOtherPostRetirementBenefitPlansCurrent19.27M39.53M36.02M13.54M
PayablesAndAccruedExpenses29.14M33.34M35.41M49.91M
CurrentAccruedExpenses18.83M19.61M17.91M32.58M
Payables10.31M13.73M17.50M17.33M
OtherPayable3.77M4.01M
TotalTaxPayable4.27M4.34M8.70M8.07M
AccountsPayable6.04M5.61M4.79M9.26M
TotalAssets1.45B1.53B1.90B2.16B
TotalNonCurrentAssets1.01B1.06B1.26B1.53B
OtherNonCurrentAssets5.98M4.29M5.09M5.64M
NonCurrentDeferredAssets52.58M61.98M50.52M23.83M
InvestmentsAndAdvances0.006.09M165.10M528.91M
InvestmentinFinancialAssets0.006.09M165.10M528.91M
AvailableForSaleSecurities6.09M165.10M528.91M
GoodwillAndOtherIntangibleAssets713.23M732.83M753.09M739.40M
OtherIntangibleAssets42.88M62.48M82.90M102.60M
Goodwill670.36M670.36M670.18M636.80M
NetPPE239.37M256.33M285.83M236.59M
AccumulatedDepreciation-193.41M-157.30M-122.46M-87.85M
GrossPPE432.78M413.63M408.29M324.44M
Leases8.14M8.61M8.37M4.63M
ConstructionInProgress9.84M24.51M37.01M0.00
OtherProperties50.43M55.21M68.44M69.63M
MachineryFurnitureEquipment364.37M325.31M294.46M250.18M
Properties0.000.000.000.00
CurrentAssets440.19M463.67M636.48M624.65M
OtherCurrentAssets28.32M20.45M28.93M32.16M
RestrictedCash0.00
PrepaidAssets32.16M
Receivables115.99M120.50M89.58M64.62M
AccountsReceivable115.99M120.50M89.58M64.62M
AllowanceForDoubtfulAccountsReceivable-8.25M-7.05M-5.03M-3.31M
GrossAccountsReceivable124.24M127.55M94.61M67.94M
CashCashEquivalentsAndShortTermInvestments295.88M322.72M517.97M527.86M
OtherShortTermInvestments9.71M214.80M374.58M361.80M
CashAndCashEquivalents286.18M107.92M143.39M166.07M
CashEquivalents233.22M86.65M96.88M31.29M
CashFinancial52.95M21.27M46.52M134.77M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-20.81M-31.91M-149.95M-88.87M
RepurchaseOfCapitalStock-10.65M0.00
RepaymentOfDebt-14.96M-27.18M-22.53M-13.57M
IssuanceOfDebt0.000.00930.77M
IssuanceOfCapitalStock0.000.00
CapitalExpenditure-37.21M-32.27M-80.32M-50.39M
InterestPaidSupplementalData527.00K1.57M2.66M1.94M
IncomeTaxPaidSupplementalData809.00K331.00K250.00K267.00K
EndCashPosition286.18M108.07M143.54M166.96M
BeginningCashPosition108.07M143.54M166.96M63.88M
EffectOfExchangeRateChanges-103.00K608.00K-390.00K-477.00K
ChangesInCash178.21M-36.08M-23.03M103.56M
FinancingCashFlow-17.10M-331.38M-189.15M936.55M
CashFlowFromContinuingFinancingActivities-17.10M-331.38M-189.15M936.55M
NetOtherFinancingCharges-9.50M-314.93M-177.08M-1.35M
ProceedsFromStockOptionExercised7.36M10.73M10.46M20.70M
NetCommonStockIssuance0.000.00
CommonStockPayments-10.65M0.00
CommonStockIssuance0.000.00
NetIssuancePaymentsOfDebt-14.96M-27.18M-22.53M917.21M
NetLongTermDebtIssuance-14.96M-27.18M-22.53M917.21M
LongTermDebtPayments-14.96M-27.18M-22.53M-13.57M
LongTermDebtIssuance0.000.00930.77M
InvestingCashFlow178.90M294.94M235.75M-794.51M
CashFlowFromContinuingInvestingActivities178.90M294.94M235.75M-794.51M
NetInvestmentPurchaseAndSale216.09M327.16M341.48M-743.54M
SaleOfInvestment371.19M459.39M696.96M184.61M
PurchaseOfInvestment-155.10M-132.23M-355.48M-928.15M
NetBusinessPurchaseAndSale0.000.00-25.90M-1.17M
PurchaseOfBusiness0.000.00-25.90M-1.17M
NetIntangiblesPurchaseAndSale0.000.00-2.09M
PurchaseOfIntangibles0.000.00-2.09M
NetPPEPurchaseAndSale-11.10M-10.93M-61.68M-34.23M
SaleOfPPE24.00K49.00K492.00K588.00K
PurchaseOfPPE-11.12M-10.98M-62.17M-34.82M
CapitalExpenditureReported-26.09M-21.29M-18.15M-13.48M
OperatingCashFlow16.41M362.00K-69.63M-38.48M
CashFlowFromContinuingOperatingActivities16.41M362.00K-69.63M-38.48M
InterestPaidCFO-2.38M-1.75M
ChangeInWorkingCapital-54.11M-69.86M-84.28M-40.98M
ChangeInOtherCurrentLiabilities-32.98M-15.01M-18.33M-15.62M
ChangeInOtherCurrentAssets-11.87M-23.14M-35.40M-10.42M
ChangeInPayablesAndAccruedExpense-2.31M-7.47M3.56M4.41M
ChangeInAccruedExpense-2.92M-7.86M8.29M4.26M
ChangeInPayable611.00K382.00K-4.72M146.00K
ChangeInAccountPayable611.00K382.00K-4.72M146.00K
ChangeInPrepaidAssets-7.63M8.71M-6.76M-4.78M
ChangeInReceivables676.00K-32.95M-27.36M-14.56M
ChangesInAccountReceivables676.00K-32.95M-27.36M-14.56M
OtherNonCashItems41.66M41.35M41.22M32.55M
StockBasedCompensation107.93M136.30M145.80M140.49M
ProvisionandWriteOffofAssets3.83M2.02M2.41M196.00K
AssetImpairmentCharge4.51M5.06M2.08M0.00
AmortizationOfSecurities-3.97M-646.00K3.14M2.22M
DeferredTax1.79M-900.00K0.000.00
DeferredIncomeTax1.79M-900.00K0.000.00
DepreciationAmortizationDepletion73.64M72.03M64.31M50.04M
DepreciationAndAmortization73.64M72.03M64.31M50.04M
AmortizationCashFlow19.60M20.42M21.70M21.24M
AmortizationOfIntangibles19.60M20.42M21.70M21.24M
Depreciation54.04M51.60M42.62M28.80M
OperatingGainsLosses-825.00K-51.91M-53.54M-300.00K
GainLossOnSaleOfPPE540.00K505.00K854.00K-300.00K
NetIncomeFromContinuingOperations-158.06M-133.09M-190.77M-222.70M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for FSLY
Date User Asset Broker Type Position Size Entry Price Patterns