Fastly, Inc. income statement
In fiscal 2025, Fastly, Inc. reported revenue of $624m, up 14.8% on the year before, operating income of −$119m (a -19.1% margin) and net income of −$122m, or −$0.83 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 105 | 145 | 200 | 291 | 354 | 433 | 506 | 544 | 624 | 687 |
| Cost of revenue | 49 | 65 | 88 | 120 | 167 | 223 | 240 | 248 | 268 | 265 |
| Gross profit | 56 | 79 | 112 | 171 | 187 | 210 | 266 | 296 | 356 | 422 |
| Research and development | 29 | 35 | 46 | 75 | 127 | 155 | 152 | 138 | 163 | 167 |
| Selling and marketing | 41 | 50 | 71 | 101 | 153 | 180 | 192 | 199 | 201 | 213 |
| General and administrative | 17 | 23 | 41 | 102 | 127 | 121 | 116 | 113 | 111 | 125 |
| Operating income | −31 | −29 | −47 | −107 | −219 | −246 | −198 | −168 | −119 | −82 |
| Interest expense | 1 | 2 | 5 | 2 | 5 | 6 | 4 | 3 | 13 | 13 |
| Income before tax | −32 | −31 | −51 | −107 | −223 | −191 | −133 | −155 | −119 | −84 |
| Income tax | 0 | 0 | 0 | −11 | 0 | 0 | −0 | 3 | 2 | −3 |
| Net income | −32 | −31 | −52 | −96 | −223 | −191 | −133 | −158 | −122 | −81 |
| Diluted EPS | −$1.39 | −$1.27 | −$0.75 | −$0.93 | −$1.92 | −$1.57 | −$1.03 | −$1.14 | −$0.83 | −$0.53 |
| Diluted shares (average) | 23m | 24m | 68m | 104m | 116m | 122m | 129m | 138m | 147m | 152m |
| EBITDA | −21 | −16 | −30 | −87 | −190 | −204 | −146 | −114 | −58 | −27 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 137 | 141 | 144 | 149 | 158 | 173 | 173 | 183 |
| Cost of revenue | 62 | 66 | 68 | 68 | 66 | 67 | 65 | 67 |
| Gross profit | 75 | 75 | 77 | 81 | 92 | 106 | 108 | 116 |
| Research and development | 32 | 33 | 37 | 42 | 41 | 42 | 42 | 42 |
| Selling and marketing | 46 | 50 | 49 | 51 | 50 | 51 | 55 | 57 |
| General and administrative | 27 | 26 | 28 | 24 | 30 | 28 | 35 | 32 |
| Operating income | −41 | −34 | −38 | −37 | −29 | −15 | −24 | −14 |
| Interest expense | 0 | 1 | 3 | 3 | 3 | 3 | 3 | 3 |
| Income before tax | −38 | −32 | −38 | −37 | −29 | −15 | −25 | −15 |
| Income tax | 0 | 1 | 1 | 1 | 1 | 1 | −4 | 0 |
| Net income | −38 | −33 | −39 | −38 | −29 | −16 | −21 | −16 |
| Diluted EPS | −$0.27 | −$0.23 | −$0.27 | −$0.26 | −$0.20 | −$0.10 | −$0.13 | −$0.10 |
| EBITDA | −27 | −21 | −23 | −22 | −13 | 0 | −12 | −2 |
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