Fastly Inc Stock Research

Market Summary

USD16.03+0.09

Delayed

0.56%

FSLY Alerts

3 major insider sales recently.
Losses in recent quarter

FSLY Stock Price

FSLY RSI Chart

FSLY Valuation

Market Cap

2.0B

Price/Earnings (Trailing)

-10.45

Price/Sales (Trailing)

4.61

EV/EBITDA

-10.01

Price/Free Cashflow

-22.24

FSLY Price/Sales (Trailing)

FSLY Profitability

Operating Margin

48.48%

EBT Margin

-44.06%

Return on Equity

-19.97%

Return on Assets

-10.06%

Free Cashflow Yield

-4.5%

FSLY Fundamentals

FSLY Revenue

Revenue (TTM)

432.7M

Revenue Y/Y

22.11%

Revenue Q/Q

9.97%

FSLY Earnings

Earnings (TTM)

-190.8M

Earnings Y/Y

18.89%

Earnings Q/Q

26.44%

Price Action

52 Week Range

7.1520.03

(Low)(High)

Last 7 days

-0.5%

Last 30 days

7.8%

Last 90 days

101.4%

Trailing 12 Months

-8.9%

FSLY Financial Health

Current Ratio

4.18

Debt/Equity

0.94

Debt/Cashflow

-0.04

FSLY Investor Care

Shares Dilution (1Y)

4.65%

Diluted EPS (TTM)

-1.57

Peers (Alternatives to Fastly)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ADP	88.7B	17.2B	-3.95%	-0.83%	28.2	5.14	9.88%	14.66%
FISV	72.0B	17.7B	-0.51%	14.00%	28.45	4.06	9.31%	89.66%
SQ	36.0B	17.5B	-16.81%	-55.07%	-66.51	2.05	-0.73%	-425.19%
CTSH	29.9B	19.4B	-8.99%	-34.89%	13.04	1.54	4.98%	7.16%
VRSN	21.3B	1.4B	-0.56%	-6.15%	31.55	14.92	7.33%	-14.14%
MID-CAP
CACI	6.8B	6.5B	-4.16%	-5.86%	18.54	1.04	6.38%	-16.32%
SAIC	5.7B	7.5B	-3.66%	14.73%	21.13	0.76	2.58%	-9.12%
DXC	5.4B	14.8B	-16.75%	-28.72%	7.49	0.36	-10.79%	217.70%
SMALL-CAP
FSLY	2.0B	432.7M	7.80%	-8.92%	-10.45	4.61	22.12%	14.33%
CSGS	1.6B	1.1B	-11.65%	-15.25%	36.85	1.49	4.13%	-39.09%
SABR	1.2B	2.5B	-25.49%	-64.49%	-2.87	0.49	50.22%	53.10%
TCX	268.2M	321.1M	-3.32%	-64.51%	-9.73	0.84	5.52%	-919.59%
UIS	233.2M	2.0B	-35.82%	-84.29%	-2.2	0.12	-3.63%	76.37%
INOD	203.6M	79.0M	13.44%	-0.93%	-17.06	2.58	13.25%	-613.39%
BCOV	181.3K	211.0M	-33.64%	-43.90%	-0.02	9e-4	-0.04%	-267.04%

Financials for Fastly

Income Statement (Last 12 Months)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	5.3%	432,725,000	411,121,000	389,352,000	371,860,000	354,330,000
Gross Profit	6.5%	209,781,000	196,971,000	189,783,000	188,437,000	187,328,000
Operating Expenses	1.0%	455,980,000	451,364,000	433,345,000	420,499,000	406,349,000
S&GA Expenses	1.4%	179,869,000	177,397,000	169,679,000	159,253,000	152,645,000
R&D Expenses	1.4%	155,308,000	153,108,000	146,679,000	138,308,000	126,859,000
EBITDA	5.3%	-184,793,000	-195,174,000	-187,866,000	-197,832,000	-
EBITDA Margin	10.0%	-0.43	-0.47	-0.48	-0.53	-
Earnings Before Taxes	5.3%	-190,680,000	-201,300,000	-194,166,000	-236,338,000	-222,628,000
EBT Margin	10.0%	-0.44	-0.49	-0.50	-0.64	-
Interest Expenses	-3.9%	5,887,000	6,126,000	6,300,000	6,206,000	5,245,000
Net Income	5.4%	-190,774,000	-201,642,000	-194,420,000	-236,278,000	-222,697,000
Net Income Margin	10.1%	-0.44	-0.49	-0.50	-0.64	-
Free Cahsflow	-11.4%	-89,607,000	-80,407,000	-73,087,000	-69,927,000	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	-0.5%	1,896	1,907	1,933	2,134	2,159
Current Assets	-0.1%	636	637	580	737	625
Cash Equivalents	63.1%	143	88.00	63.00	246	166
Net PPE	2.9%	179	174	175	167	-
Goodwill	0.0%	670	670	670	638	637
Liabilities	0.1%	941	940	939	1,158	1,145
Current Liabilities	5.3%	152	145	141	140	132
Long Term Debt	-	933	-	-	-	-
LT Debt, Non Current	0.1%	705	704	703	934	933
Shareholder's Equity	-1.2%	955	967	994	977	1,014
Retained Earnings	-7.1%	-701	-655	-591	-575	-510
Additional Paid-In Capital	1.9%	1,666	1,635	1,598	1,561	1,527
Accumulated Depreciation	2.0%	107	105	96.00	88.00	-
Shares Outstanding	1.6%	124	122	121	120	119

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-6.5%	-69.63	-65.41	-40.47	-40.80	-38.48
Share Based Compensation	-5.3%	146	154	151	150	140
Cashflow From Investing	349.1%	236	52.00	-412	-671	-794
Cashflow From Financing	-4.2%	-189	-181	-172	10.00	937

Risks for FSLY

What is the probability of a big loss on FSLY?

97.5%

Probability that Fastly stock will be more than 20% underwater in next one year

93.6%

Probability that Fastly stock will be more than 30% underwater in next one year.

87.7%

Probability that Fastly stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does FSLY drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Fastly was unfortunately bought at previous high price.

Drawdowns

Returns for FSLY

Cumulative Returns on FSLY

-5.0%

3-Year Cumulative Returns

Which funds bought or sold FSLY recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-0.04	-11,944	102,056	-%
2023-03-10	BAILLIE GIFFORD & CO	unchanged	-	-321	1,679	-%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-59.9	-21,000	12,000	-%
2023-03-01	Willow Creek Wealth Management Inc.	unchanged	-	-196,000	1,654,000	0.28%
2023-02-28	Voya Investment Management LLC	unchanged	-	-64,436,600	752,382	-%
2023-02-27	Parallax Volatility Advisers, L.P.	reduced	-53.71	-105,504	74,496	-%
2023-02-21	MACQUARIE GROUP LTD	sold off	-100	-22,000	-	-%
2023-02-21	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	added	525	205	205	-%
2023-02-16	HARBOUR INVESTMENTS, INC.	reduced	-99.08	-992	8.00	-%
2023-02-15	State of Wyoming	reduced	-29.00	-30,930	54,070	0.02%

Latest Funds Activity

Are funds buying FSLY calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own FSLY

No. of Funds

Fastly News

Schedule 13G FIlings of Fastly

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 16, 2023	legal & general investment management ltd	5.34%	6,575,033	SC 13G
Feb 14, 2023	legal & general investment management ltd	5.34%	6,575,033	SC 13G
Feb 13, 2023	bergman artur	7.1%	8,842,148	SC 13G/A
Feb 09, 2023	vanguard group inc	9.37%	11,529,178	SC 13G/A
Feb 03, 2023	blackrock inc.	8.3%	10,232,041	SC 13G
Jan 11, 2023	first trust portfolios lp	5.16%	6,344,243	SC 13G
Jan 06, 2023	point72 asset management, l.p.	4.7%	5,781,565	SC 13G
Apr 08, 2022	morgan stanley	1.7%	2,090,511	SC 13G/A
Feb 25, 2022	abdiel qualified master fund lp	-	0	SC 13G/A
Feb 14, 2022	bergman artur	7.4%	8,851,668	SC 13G/A

FSLY Fair Value

Fastly fair value in different scenarios

The table shows the Fair Value estimates for Fastly for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	2.13 -86.71%	2.65 -83.47%	3.73 -76.73%	5.27 -67.12%	6.95 -56.64%
Current Inflation	2.09 -86.96%	2.56 -84.03%	3.51 -78.10%	4.84 -69.81%	6.29 -60.76%
Very High Inflation	2.05 -87.21%	2.45 -84.72%	3.24 -79.79%	4.34 -72.93%	5.52 -65.56%

Historical Fastly Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Fastly

View All Filings

Date Filed	Form Type	Document
Mar 22, 2023	4	Insider Trading
Mar 22, 2023	4	Insider Trading
Mar 20, 2023	4	Insider Trading
Mar 20, 2023	4	Insider Trading
Mar 08, 2023	4	Insider Trading
Mar 02, 2023	4	Insider Trading
Mar 02, 2023	4	Insider Trading
Mar 02, 2023	4	Insider Trading
Feb 27, 2023	10-K	Annual Report
Feb 27, 2023	S-8	Employee Benefits Plan

Latest Insider Trading transactions for FSLY

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-20	Shirk Brett	sold	-107,170	15.31	-7,000	executive vice president, cro
2023-03-20	Bergman Artur	sold	-170,906	15.31	-11,163	chief architect, exec. chair
2023-03-16	Shirk Brett	sold	-42,355	14.57	-2,907	executive vice president, cro
2023-03-16	Bergman Artur	sold	-175,794	15.7479	-11,163	chief architect, exec. chair
2023-03-06	Bergman Artur	sold	-491,974	15.19	-32,388	chief architect, exec. chair
2023-03-01	KISLING RONALD W	sold	-66,800	13.94	-4,792	chief financial officer
2023-03-01	Bergman Artur	sold	-33,734	13.94	-2,420	chief architect, exec. chair
2023-03-01	Shirk Brett	sold	-19,655	13.94	-1,410	executive vice president, cro
2023-02-28	KISLING RONALD W	acquired	-	-	32,494	chief financial officer
2023-02-28	Bergman Artur	acquired	-	-	8,374	chief architect, exec. chair

About Fastly

Joshua Bixby

www.fastly.com

980

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. It is a programmable platform designed for web and application delivery. The company offers Compute@Edge; developer hub that includes solution library patterns and recipes, API and language references, change logs, and Fastly Fiddle solutions; device detection and geolocation, edge dictionaries, edge access control lists, and edge authentication services; full site delivery services, such as dynamic site acceleration, origin shield, instant purge, surrogate keys, real-time logging and stats, cloud optimizer, programmatic control, edge databases, content compression, reliability, and modern protocols and performance services; and streaming solutions and services, including live streaming, media shield, and origin connect. It also provides edge security solutions, such as DDoS protection and cloud, edge web application firewall (WAF), transport layer security (TLS), platform TLS, and compliance services; unified web application and API protection solutions that includes runtime self-application protection, advanced rate limiting, API and ATO protection, account takeover protection, bot protection, and next generation WAF. In addition, the company offers edge applications, such as load balancers and image optimizers; video on demand; and managed edge delivery services. It serves customers operating in digital publishing, media and entertainment, technology, online retail, 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.

FSLY Income Statement

2022-12-31

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Revenue	$ 432,725	$ 354,330	$ 290,874
Cost of revenue	222,944	167,002	120,007
Gross profit	209,781	187,328	170,867
Operating expenses:
Research and development	155,308	126,859	74,814
Sales and marketing	179,869	152,645	101,181
General and administrative	120,803	126,845	102,084
Total operating expenses	455,980	406,349	278,079
Loss from operations	(246,199)	(219,021)	(107,212)
Net gain on extinguishment of debt	54,391	0	0
Interest income	7,044	1,282	1,628
Interest expense	(5,887)	(5,245)	(1,549)
Other income (expense), net	(29)	356	(279)
Loss before income tax expense (benefit)	(190,680)	(222,628)	(107,412)
Income tax expense (benefit)	94	69	(11,480)
Net loss	$ (190,774)	$ (222,697)	$ (95,932)
Net loss per share attributable to common stockholders, basic (in dollars per share)	$ (1.57)	$ (1.92)	$ (0.93)
Net loss per share attributable to common stockholders, diluted (in dollars per share)	$ (1.57)	$ (1.92)	$ (0.93)
Weighted-average shares used in computing net loss per share attributable to common stockholders, basic (in shares)	121,723	116,053	103,552
Weighted-average shares used in computing net loss per share attributable to common stockholders, diluted (in shares)	121,723	116,053	103,552

FSLY Balance Sheet

2022-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 143,391	$ 166,068
Marketable securities, current	374,581	361,795
Accounts receivable, net of allowance for credit losses of $5,029 and $3,311 as of December 31, 2022 and December 31, 2021, respectively	89,578	64,625
Prepaid expenses and other current assets	28,933	32,160
Total current assets	636,483	624,648
Property and equipment, net	180,378	166,961
Operating lease right-of-use assets, net	68,440	69,631
Goodwill	670,185	636,805
Intangible assets, net	82,900	102,596
Marketable securities, non-current	165,105	528,911
Other assets	92,622	29,468
Total assets	1,896,113	2,159,020
Current liabilities:
Accounts payable	4,786	9,257
Accrued expenses	61,161	36,112
Finance lease liabilities, current	28,954	21,125
Operating lease liabilities, current	23,026	20,271
Other current liabilities	34,394	45,107
Total current liabilities	152,321	131,872
Long-term debt	704,710	933,205
Finance lease liabilities, non-current	15,507	22,293
Operating lease liabilities, non-current	61,341	55,114
Other long-term liabilities	7,076	2,583
Total liabilities	940,955	1,145,067
Commitments and contingencies (Note 10)
Stockholders’ equity:
Class A Common stock, $0.00002 par value; 1,000,000,000 and 1,094,129,050 shares authorized as of December 31, 2022 and 2021, respectively; 124,336,171 and 118,810,611 shares issued and outstanding at December 31, 2022 and 2021, respectively	2	2
Additional paid-in capital	1,666,106	1,527,468
Accumulated other comprehensive loss	(9,286)	(2,627)
Accumulated deficit	(701,664)	(510,890)
Total stockholders’ equity	955,158	1,013,953
Total liabilities and stockholders’ equity	$ 1,896,113	$ 2,159,020