2024 Q4 Form 10-Q Financial Statement

#000151741324000216 Filed on November 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $137.2M
YoY Change 7.35%
Cost Of Revenue $62.47M
YoY Change 1.19%
Gross Profit $74.74M
YoY Change 13.1%
Gross Profit Margin 54.47%
Selling, General & Admin $73.17M
YoY Change -9.72%
% of Gross Profit 97.9%
Research & Development $31.88M
YoY Change -18.39%
% of Gross Profit 42.66%
Depreciation & Amortization $13.70M
YoY Change 4.58%
% of Gross Profit 18.33%
Operating Expenses $115.3M
YoY Change -7.31%
Operating Profit -$40.59M
YoY Change -30.43%
Interest Expense $3.346M
YoY Change 288.17%
% of Operating Profit
Other Income/Expense, Net -$317.0K
YoY Change 1881.25%
Pretax Income -$37.56M
YoY Change -30.84%
Income Tax $500.0K
% Of Pretax Income
Net Earnings -$38.02M
YoY Change -30.0%
Net Earnings / Revenue -27.71%
Basic Earnings Per Share -$0.27
Diluted Earnings Per Share -$0.27
COMMON SHARES
Basic Shares Outstanding 140.3M shares 138.6M shares
Diluted Shares Outstanding 139.2M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $308.2M
YoY Change -28.04%
Cash & Equivalents $217.5M
Short-Term Investments $90.73M
Other Short-Term Assets $28.01M
YoY Change 14.33%
Inventory
Prepaid Expenses
Receivables $116.8M
Other Receivables $0.00
Total Short-Term Assets $453.1M
YoY Change -17.84%
LONG-TERM ASSETS
Property, Plant & Equipment $241.4M
YoY Change -5.83%
Goodwill $670.4M
YoY Change 0.01%
Intangibles $47.78M
YoY Change -29.09%
Long-Term Investments $0.00
YoY Change -100.0%
Other Assets $72.58M
YoY Change -23.08%
Total Long-Term Assets $1.019B
YoY Change -6.47%
TOTAL ASSETS
Total Short-Term Assets $453.1M
Total Long-Term Assets $1.019B
Total Assets $1.472B
YoY Change -10.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.35M
YoY Change 98.39%
Accrued Expenses $40.85M
YoY Change -27.81%
Deferred Revenue $29.72M
YoY Change -10.64%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $4.882M
YoY Change -74.7%
Total Short-Term Liabilities $114.2M
YoY Change -20.32%
LONG-TERM LIABILITIES
Long-Term Debt $344.5M
YoY Change -27.14%
Other Long-Term Liabilities $3.029M
YoY Change -29.53%
Total Long-Term Liabilities $347.5M
YoY Change -27.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $114.2M
Total Long-Term Liabilities $347.5M
Total Liabilities $502.3M
YoY Change -25.26%
SHAREHOLDERS EQUITY
Retained Earnings -$959.9M
YoY Change 18.31%
Common Stock $3.000K
YoY Change 50.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $969.5M
YoY Change
Total Liabilities & Shareholders Equity $1.472B
YoY Change -10.3%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income -$38.02M
YoY Change -30.0%
Depreciation, Depletion And Amortization $13.70M
YoY Change 4.58%
Cash From Operating Activities $5.002M
YoY Change -159.62%
INVESTING ACTIVITIES
Capital Expenditures $8.814M
YoY Change 67.25%
Acquisitions
YoY Change
Other Investing Activities $75.13M
YoY Change 480.15%
Cash From Investing Activities $66.32M
YoY Change 763.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.109M
YoY Change -58.62%
NET CHANGE
Cash From Operating Activities 5.002M
Cash From Investing Activities 66.32M
Cash From Financing Activities -1.109M
Net Change In Cash 70.21M
YoY Change -2171.06%
FREE CASH FLOW
Cash From Operating Activities $5.002M
Capital Expenditures $8.814M
Free Cash Flow -$3.812M
YoY Change -72.09%

Facts In Submission

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us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Share Based Compensation
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us-gaap Deferred Income Tax Expense Benefit
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us-gaap Provision For Doubtful Accounts
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us-gaap Gain Loss On Sale Of Property Plant Equipment
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us-gaap Gain Loss On Sale Of Property Plant Equipment
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us-gaap Accretion Amortization Of Discounts And Premiums Investments
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fsly Operating Lease Impairment Loss Recurring
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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fsly Increase Decrease In Operating Lease Liabilities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Short Term Investments
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us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Proceeds From Sale Of Property Plant And Equipment
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Interest Paid Net
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fsly Capital Expenditures Incurred But Not Yet Paid Net
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4762000 usd
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fsly Deployments Of Prepaid Capital Equipment
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1664000 usd
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CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2024Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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CY2023Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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217514000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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270450000 usd
us-gaap Nature Of Operations
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Nature of Business<div style="margin-bottom:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Fastly, Inc. has built an edge cloud platform that can process, serve, and secure its customers' applications as close to their end users as possible. The Company was incorporated in Delaware in 2011 and is headquartered in San Francisco, California.</span></div><div style="margin-bottom:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As used herein, “Fastly,” “the Company,” “its” and similar terms include Fastly, Inc. and its subsidiaries, unless the context indicates otherwise.</span></div>
us-gaap Use Of Estimates
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<div style="margin-bottom:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates, judgments, and assumptions that affect the reported amounts of assets, liabilities, revenue, costs and expenses, and related disclosures. Actual results and outcomes could differ significantly from the Company’s estimates, judgments, and assumptions. Significant estimates, judgments, and assumptions used in these financial statements include, but are not limited to, those related to revenue, accounts receivable and related reserves, internal-use software development costs, the incremental borrowing rate related to the Company’s lease liabilities,</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">fair value of assets acquired and liabilities assumed during business combinations, useful lives of acquired intangible assets and property and equipment, fair value of the Company’s long-lived assets as well as goodwill, income tax reserves, and accounting for stock-based compensation. Estimates are periodically reviewed in light of changes in circumstances, facts, and experience. The effects of material revisions in estimates are reflected in the consolidated financial statements in the period of change and prospectively from the date of the change in estimate.</span></div>
us-gaap Concentration Risk Credit Risk
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<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentrations of Credit Risk</span></div><div><span><br/></span></div><div style="margin-bottom:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash, cash equivalents, marketable securities and accounts receivable. </span></div><div style="margin-bottom:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s cash, cash equivalents, and marketable securities primarily consisted of bank deposits, money market funds, investment-grade commercial paper, corporate notes and bonds, U.S. treasury securities, municipal securities, foreign government and supranational securities and asset-backed securities held at major financial institutions that the Company believes to be of high credit standing. The primary focus of its investment strategy is to preserve capital and meet liquidity requirements. The Company’s investment policy limits the amount of credit exposure with any one financial institution or commercial issuer. The Company maintains deposits in federally insured financial institutions in excess of federally insured limits. The Company is exposed to credit risk in the event of default by the financial institutions holding its cash and cash equivalents to the extent recorded in the balance sheets. While the Company has not experienced any losses in such accounts and the Company has historically maintained its cash in multiple financial institutions, the failure of Silicon Valley Bank (“SVB”) in March 2023, at which the Company held cash and cash equivalents in multiple accounts, exposed the Company to limited credit risk prior to the completion by the Federal Deposit Insurance Corporation (“FDIC”) of the resolution of SVB in a manner that fully protected all depositors.</span></div>Concentrations of credit risk with respect to accounts receivable are primarily limited to certain customers to which the Company makes substantial sales. The Company’s customer base consists of a large number of geographically dispersed customers diversified across several industries.
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us-gaap Revenue From Contract With Customer Including Assessed Tax
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us-gaap Revenue From Contract With Customer Including Assessed Tax
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us-gaap Revenue Performance Obligation Description Of Payment Terms
RevenuePerformanceObligationDescriptionOfPaymentTerms
The Company’s payment terms and conditions vary by contract type, and generally range from 30 to 90 days.
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235400000 usd
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0.77
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us-gaap Capitalized Contract Cost Amortization
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957000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
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CY2024Q3 us-gaap Cash Equivalents At Carrying Value
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CY2023Q4 us-gaap Restricted Cash
RestrictedCash
200000 usd
CY2024Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
360995000 usd
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
333911000 usd
CY2024Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
180707000 usd
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
157303000 usd
CY2024Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
180288000 usd
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
176608000 usd
CY2024Q3 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
600000 usd
us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
2400000 usd
CY2023Q3 fsly Asset Impairment Charges Excluding Operating Lease Impairment
AssetImpairmentChargesExcludingOperatingLeaseImpairment
4300000 usd
us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
0 usd
CY2024Q3 us-gaap Depreciation
Depreciation
13700000 usd
CY2023Q3 us-gaap Depreciation
Depreciation
13100000 usd
us-gaap Depreciation
Depreciation
40300000 usd
us-gaap Depreciation
Depreciation
38000000.0 usd
CY2024Q3 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
53842000 usd
CY2023Q4 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
61981000 usd
CY2024Q3 fsly Advances On Property And Equipment
AdvancesOnPropertyAndEquipment
13456000 usd
CY2023Q4 fsly Advances On Property And Equipment
AdvancesOnPropertyAndEquipment
24509000 usd
CY2024Q3 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
5278000 usd
CY2023Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
4289000 usd
CY2024Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
72576000 usd
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
90779000 usd
CY2024Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
14572000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
14918000 usd
CY2024Q3 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
4364000 usd
CY2023Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
24614000 usd
CY2024Q3 fsly Accrued Colocation And Bandwidth Costs
AccruedColocationAndBandwidthCosts
14684000 usd
CY2023Q4 fsly Accrued Colocation And Bandwidth Costs
AccruedColocationAndBandwidthCosts
14362000 usd
CY2024Q3 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
4003000 usd
CY2023Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
4344000 usd
CY2024Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3231000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3580000 usd
CY2024Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
40854000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
61818000 usd
CY2024Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
29716000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
33824000 usd
CY2024Q3 fsly Accrued Computer And Networking Equipment
AccruedComputerAndNetworkingEquipment
1741000 usd
CY2023Q4 fsly Accrued Computer And Networking Equipment
AccruedComputerAndNetworkingEquipment
1673000 usd
CY2024Q3 fsly Business Combination Consideration Transferred Holdback Current
BusinessCombinationConsiderationTransferredHoldbackCurrent
0 usd
CY2023Q4 fsly Business Combination Consideration Transferred Holdback Current
BusinessCombinationConsiderationTransferredHoldbackCurrent
3771000 usd
CY2024Q3 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
1804000 usd
CY2023Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
1271000 usd
CY2024Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
33261000 usd
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
40539000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
260000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1218000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
986000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
7352000 usd
CY2024Q3 us-gaap Sublease Income
SubleaseIncome
400000 usd
CY2023Q3 us-gaap Sublease Income
SubleaseIncome
400000 usd
us-gaap Sublease Income
SubleaseIncome
1100000 usd
us-gaap Sublease Income
SubleaseIncome
1000000.0 usd
CY2024Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
6466000 usd
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
6466000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
19904000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
20499000 usd
CY2024Q3 us-gaap Variable Lease Cost
VariableLeaseCost
4183000 usd
CY2023Q3 us-gaap Variable Lease Cost
VariableLeaseCost
4024000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
12411000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
11391000 usd
CY2024Q3 fsly Operating Variable And Short Term Lease Costs
OperatingVariableAndShortTermLeaseCosts
10649000 usd
CY2023Q3 fsly Operating Variable And Short Term Lease Costs
OperatingVariableAndShortTermLeaseCosts
10490000 usd
fsly Operating Variable And Short Term Lease Costs
OperatingVariableAndShortTermLeaseCosts
32315000 usd
fsly Operating Variable And Short Term Lease Costs
OperatingVariableAndShortTermLeaseCosts
31890000 usd
CY2024Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
3294000 usd
CY2023Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
3544000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
10329000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
10786000 usd
CY2024Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
70000 usd
CY2023Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
297000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
342000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1103000 usd
CY2024Q3 fsly Finance Lease Cost
FinanceLeaseCost
3364000 usd
CY2023Q3 fsly Finance Lease Cost
FinanceLeaseCost
3841000 usd
fsly Finance Lease Cost
FinanceLeaseCost
10671000 usd
fsly Finance Lease Cost
FinanceLeaseCost
11889000 usd
CY2024Q3 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
400000 usd
us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
1700000 usd
fsly Operating Lease Impairment Loss Office Facility Exit Costs
OperatingLeaseImpairmentLossOfficeFacilityExitCosts
1300000 usd
us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
0 usd
CY2023Q3 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
0 usd
CY2024Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y3D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y5M23D
CY2024Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P0Y5M26D
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y
CY2024Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0632
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0603
CY2024Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0466
CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0467
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
8516000 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
3319000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
24990000 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
1618000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
21806000 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
0 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
12502000 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
0 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3128000 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
0 usd
CY2024Q3 fsly Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
1971000 usd
CY2024Q3 fsly Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
0 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
72913000 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
4937000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
6297000 usd
CY2024Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
51000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
66616000 usd
CY2024Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
4886000 usd
CY2024Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
2200000 usd
CY2024Q3 us-gaap Lessee Operating Lease Lease Not Yet Commenced Term Of Contract1
LesseeOperatingLeaseLeaseNotYetCommencedTermOfContract1
P3Y
CY2023Q4 us-gaap Goodwill
Goodwill
670400000 usd
CY2024Q3 us-gaap Goodwill
Goodwill
670400000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
128884000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
81108000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
47776000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
128884000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
66409000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
62475000 usd
CY2024Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4900000 usd
CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5200000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
14700000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
15500000 usd
CY2023Q3 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
0 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
0 usd
CY2024Q3 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
0 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
0 usd
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2024Q3 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2023Q3 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
4900000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
16976000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
9193000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
9051000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
6891000 usd
CY2024Q3 fsly Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
765000 usd
CY2024Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
400000 usd
CY2023Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
600000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
1200000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
2200000 usd
CY2024Q3 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
317000000 usd
CY2023Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
301400000 usd
CY2024Q3 us-gaap Purchase Obligation Future Minimum Payments Remainder Of Fiscal Year
PurchaseObligationFutureMinimumPaymentsRemainderOfFiscalYear
17218000 usd
CY2024Q3 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
28153000 usd
CY2024Q3 us-gaap Purchase Obligation Due In Second Year
PurchaseObligationDueInSecondYear
13504000 usd
CY2024Q3 us-gaap Purchase Obligation Due In Third Year
PurchaseObligationDueInThirdYear
154000 usd
CY2024Q3 us-gaap Purchase Obligation Due In Fourth Year
PurchaseObligationDueInFourthYear
70000 usd
CY2024Q3 fsly Purchase Obligation Due After Fourth Year
PurchaseObligationDueAfterFourthYear
18000 usd
CY2024Q3 us-gaap Purchase Obligation
PurchaseObligation
59117000 usd
CY2024Q3 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
4000000 usd
CY2023Q4 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
4300000 usd
fsly Number Of Equity Incentive Plans
NumberOfEquityIncentivePlans
4 plan
CY2024Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
140100000 shares
CY2024Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
140100000 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
133000000.0 shares
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
133000000.0 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2710000 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
8.14
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y1M6D
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
26383000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
125000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
2.48
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
33000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
11.92
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2552000 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
8.38
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y2M12D
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
5466000 usd
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
2100000 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
6.63
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P3Y2M12D
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
5466000 usd
us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
500000 shares
us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
700000 shares
CY2024Q3 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
0 shares
CY2023Q3 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
0 shares
CY2024Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
25016000 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
35713000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
82985000 usd
CY2024Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
2500000 usd
CY2023Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
3700000 usd
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-38016000 usd
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-38016000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-54311000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-54311000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-125172000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-109702000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-109702000 usd
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
139237000 shares
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
139237000 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
129873000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
129873000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
137097000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
137097000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
127735000 shares
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.27
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.27
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.42
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.91
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.86
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.86
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
22707000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
22415000 shares
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
500000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
200000 usd
CY2024Q3 fsly Property Plant And Equipment Net And Operating Lease Right Of Use Assets Net
PropertyPlantAndEquipmentNetAndOperatingLeaseRightOfUseAssetsNet
227988000 usd
CY2023Q4 fsly Property Plant And Equipment Net And Operating Lease Right Of Use Assets Net
PropertyPlantAndEquipmentNetAndOperatingLeaseRightOfUseAssetsNet
231820000 usd
CY2024Q3 us-gaap Restructuring Charges
RestructuringCharges
9700000 usd
us-gaap Restructuring Charges
RestructuringCharges
9700000 usd
CY2024Q2 us-gaap Restructuring Reserve
RestructuringReserve
0 usd
CY2024Q3 us-gaap Restructuring Charges
RestructuringCharges
9720000 usd
CY2024Q3 us-gaap Payments For Restructuring
PaymentsForRestructuring
5070000 usd
CY2024Q3 us-gaap Restructuring Reserve
RestructuringReserve
4650000 usd
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
0001517413-24-000216-index-headers.html Edgar Link pending
0001517413-24-000216-index.html Edgar Link pending
0001517413-24-000216.txt Edgar Link pending
0001517413-24-000216-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
fsly-20240930.htm Edgar Link pending
fsly-20240930.xsd Edgar Link pending
fsly-93024x10qexhibit311.htm Edgar Link pending
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fsly-20240930_cal.xml Edgar Link unprocessable
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fsly-20240930_htm.xml Edgar Link completed
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report.css Edgar Link pending
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fsly-20240930_def.xml Edgar Link unprocessable