Company: FSLY
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001517413-25-000063
Chunk: 3

Company: Fastly, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 3
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 shares issued and outstanding at December 31, 2024 and 2023, respectively3 3 Additional paid-in capital1,958,157 1,815,245 Accumulated other comprehensive loss(100)(1,008)Accumulated deficit(992,810)(834,752)Total stockholders’ equity965,250 979,488 Total liabilities and stockholders’ equity$1,451,359 $1,525,191 

The accompanying notes are an integral part of the consolidated financial statements.

94

FASTLY, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share data)

Year ended December 31,202420232022Revenue$543,676 $505,988 $432,725 Cost of revenue247,738 239,660 222,944 Gross profit295,938 266,328 209,781 Operating expenses:Research and development137,980 152,190 155,308 Sales and marketing198,610 191,773 179,869 General and administrative113,399 116,077 120,803 Impairment expense4,144 4,316 — Restructuring charges9,720 — — Total operating expenses463,853 464,356 455,980 Loss from operations(167,915)(198,028)(246,199)Net gain on extinguishment of debt1,365 52,416 54,391 Interest income14,871 18,186 7,044 Interest expense(2,747)(4,051)(5,887)Other expense, net(1,028)(1,832)(29)Loss before income tax expense (benefit)(155,454)(133,309)(190,680)Income tax expense (benefit)2,604 (221)94 Net loss$(158,058)$(133,088)$(190,774)Net loss per share attributable to common stockholders, basic and diluted $(1.14)$(1.03)$(1.57)Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted138,099 128,770 121,723 

The accompanying notes are an integral part of the consolidated financial statements.

95

FASTLY, INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

(in thousands)

Year