For the year ending 2025-12-31, FSLY had -$105,612K decrease in cash & cash equivalents over the period. $65,750K in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net loss | -121,677 | -158,058 | -133,088 | -190,774 |
| Depreciation expense | 61,031 | 54,037 | 51,602 | 42,619 |
| Amortization of intangible assets | 16,821 | 19,599 | 20,424 | 21,696 |
| Non-cash lease expense | 22,445 | 22,474 | 22,678 | 29,714 |
| Amortization of debt discount and issuance costs | 906 | 1,377 | 2,476 | 3,169 |
| Amortization of deferred contract costs | 19,369 | 18,623 | 15,548 | 8,916 |
| Stock-based compensation | 117,323 | 107,930 | 136,303 | 145,796 |
| Deferred income taxes | 1,433 | 1,793 | -900 | - |
| Provision for credit losses | 4,181 | 3,834 | 2,025 | 2,406 |
| Interest paid for finance lease | - | - | - | 2,381 |
| Loss on disposals of property and equipment | -186 | -540 | -505 | -854 |
| Accretion of discounts on investments | 4,703 | 3,973 | 646 | -3,137 |
| Impairment of operating lease right-of-use assets | 0 | 371 | 744 | 2,083 |
| Tax benefit related to release of valuation allowance | - | - | - | 0 |
| Impairment expense | 415 | 4,144 | 4,316 | - |
| Net gain on extinguishment of debt | 941 | 1,365 | 52,416 | 54,391 |
| Other adjustments | -549 | 814 | -648 | -3,688 |
| Accounts receivable, net | 6,222 | -676 | 32,945 | 27,359 |
| Prepaid expenses and other current assets | -1,579 | 7,627 | -8,709 | 6,758 |
| Other assets | 19,545 | 11,869 | 23,137 | 35,396 |
| Accounts payable | 4,489 | 611 | 382 | -4,724 |
| Accrued expenses | -447 | -2,922 | -7,856 | 8,289 |
| Operating lease liabilities | -20,707 | -26,541 | -22,074 | -27,044 |
| Other liabilities | 17,959 | -6,434 | 7,064 | 6,828 |
| Net cash provided by operating activities | 94,444 | 16,406 | 362 | -69,632 |
| Purchases of marketable securities | 389,837 | 155,099 | 132,233 | 355,479 |
| Sales of marketable securities | 25,936 | 0 | 25,625 | 161,918 |
| Maturities of marketable securities | 197,176 | 371,189 | 433,767 | 535,040 |
| Business acquisitions, net of cash acquired | - | 0 | 0 | 25,902 |
| Advance payment for purchase of property and equipment | 0 | 790 | 0 | 42,197 |
| Purchases of property and equipment | 28,694 | 10,330 | 10,976 | 19,975 |
| Proceeds from sale of property and equipment | 44 | 24 | 49 | 492 |
| Capitalized internal-use software | 17,657 | 26,094 | 21,292 | 18,146 |
| Purchases of intangible assets | - | - | 0 | 0 |
| Net cash (used in) provided by investing activities | -213,032 | 178,900 | 294,940 | 235,751 |
| Proceeds from follow-on public offering, net of underwriting fees | - | - | - | 0 |
| Payments of costs related to follow-on public offering-Secondary Public Offering | - | - | - | 0 |
| Proceeds from issuance of convertible notes | 180,000 | - | 0 | 0 |
| Payments of issuance costs for convertible notes | 5,924 | 5,729 | 0 | 0 |
| Cash paid for debt extinguishment | 148,875 | 0 | 310,540 | - |
| Repayments of notes payable | - | - | - | 177,082 |
| Payments for purchase of capped calls | 18,162 | - | - | - |
| Repayments of finance lease liabilities | 2,328 | 14,958 | 27,175 | 22,532 |
| Cash received for restricted stock sold in advance of vesting conditions | - | 0 | 0 | 10,655 |
| Cash paid for early sale of restricted shares | - | 0 | 0 | 10,655 |
| Payment of deferred consideration for business acquisitions | 0 | 3,771 | 4,393 | - |
| Proceeds from exercise of vested stock options | 1,044 | 1,115 | 2,169 | 5,688 |
| Proceeds from employee stock purchase plan | 7,006 | 6,244 | 8,559 | 4,777 |
| Net cash (used in) provided by financing activities | 12,761 | -17,099 | -331,380 | -189,149 |
| Effects of exchange rate changes on cash, cash equivalents, and restricted cash | 215 | -103 | 608 | -390 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | -105,612 | 178,104 | -35,470 | -23,420 |
| Cash, cash equivalents, and restricted cash at beginning of period | 286,175 | 108,071 | 143,541 | 166,961 |
| Cash, cash equivalents, and restricted cash at end of period | 180,563 | 286,175 | 108,071 | 143,541 |
Fastly, Inc. (FSLY)
Fastly, Inc. (FSLY)