FSLYFastly, Inc.
Services-Prepackaged Software
- Revenue
- $624M
- 15% YoY
- Operating margin
- -19.1%
- 38% YoY
- EBITDA
- −$58M
- 49% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- −$54M net debt
- AI in 10-K
- —
Red flags 2 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCFired19% of revenueOver 10% of revenue
- Payouts exceed cash flowClear0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyFired45% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $354M | $433M | $506M | $544M | $624M | 15% |
| Operating income | −$219M | −$246M | −$198M | −$168M | −$119M | 29% |
| Net income | −$223M | −$191M | −$133M | −$158M | −$122M | 23% |
| Operating cash flow | −$38M | −$70M | $362K | $16M | $94M | 476% |
| Capex | $35M | $20M | $11M | $10M | $29M | 178% |
| Stock-based comp | $140M | $146M | $136M | $108M | $117M | 8.7% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 12 | 248 |
| FY2024 | — | — | 11 | 201 |
| FY2023 | — | — | 20 | 148 |
| FY2022 | — | — | 9 | 95 |
| FY2021 | — | — | 41 | 133 |