Company: FSLY
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001517413-25-000063
Chunk: 132

Company: Fastly, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7
Chunk 132
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 Cost of revenue247,738 239,660 Gross profit295,938 266,328 Operating expenses:Research and development137,980 152,190 Sales and marketing198,610 191,773 General and administrative113,399 116,077 Impairment expense4,144 4,316 Restructuring charges9,720 — Total operating expenses463,853 464,356 Loss from operations(167,915)(198,028)Net gain on extinguishment of debt1,365 52,416 Interest income14,871 18,186 Interest expense(2,747)(4,051)Other expense, net(1,028)(1,832)Loss before income tax expense (benefit)(155,454)(133,309)Income tax expense (benefit)2,604 (221)Net loss attributable to common stockholders$(158,058)$(133,088)

79

The following tables set forth our results of operations for the period presented as a percentage of our revenue:

Year ended December 31,20242023Consolidated Statements of Operations, as a percentage of revenue:*Revenue100 %100 %Cost of revenue46 47 Gross profit54 53 Operating expenses:Research and development25 30 Sales and marketing36 38 General and administrative21 23 Impairment expense1 1 Restructuring charges2 — Total operating expenses85 92 Loss from operations(31)(39)Net gain on extinguishment of debt— 10 Interest income3 4 Interest expense(1)(1)Other expense, net— — Loss before income tax expense (benefit)(29)(26)Income tax expense (benefit)— — Net loss attributable to common stockholders(29)%(26)%

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*    Columns may not add up to 100% due to rounding.

Revenue

Year ended December 31,Change20242023$ Change% Change(in thousands)Network Services$427,690 $405,116 $22,574 6 %Security103,037 92,864 10,173 11 %Other12,949 8,008 4,941 61 %Total revenue$543,676 $505,988 $37,688 7 %Percentage of revenue:Network Services79 %80