Fastly, Inc. Files 2023 Annual Report on Form 10-K
Ticker: FSLY · Form: 10-K · Filed: 2024-02-22T00:00:00.000Z
Sentiment: neutral
Topics: Fastly, 10-K, Annual Report, Financials, Technology
TL;DR
<b>Fastly, Inc. has filed its 2023 Form 10-K detailing its annual financial performance and business operations.</b>
AI Summary
Fastly, Inc. (FSLY) filed a Annual Report (10-K) with the SEC on February 22, 2024. Fastly, Inc. reported its 2023 fiscal year results on Form 10-K, filed on February 22, 2024. The filing covers the period from January 1, 2023, to December 31, 2023. The company's principal executive offices are located at 475 Brannan Street, Suite 300, San Francisco, CA 94107. Fastly, Inc. was formerly known as Skycache, Inc. (DE) until April 5, 2011. The filing is made under the Securities Exchange Act of 1934.
Why It Matters
For investors and stakeholders tracking Fastly, Inc., this filing contains several important signals. This 10-K filing provides a comprehensive overview of Fastly's financial health, operational performance, and strategic direction for the fiscal year 2023, which is crucial for investors to assess the company's current standing and future prospects. As a public document, this filing ensures transparency and allows stakeholders, including investors, analysts, and regulators, to review Fastly's financial statements, risk factors, and management's discussion and analysis.
Risk Assessment
Risk Level: medium — Fastly, Inc. shows moderate risk based on this filing. The company's financial performance and growth are subject to market competition and evolving technology, as indicated by the nature of its business in the pre-packaged software and services industry.
Analyst Insight
Investors should review the detailed financial statements and risk factors within the 10-K to understand Fastly's performance and potential challenges.
Key Numbers
- 2023-12-31 — Fiscal Year End (Fiscal year end date)
- 2024-02-22 — Filing Date (Date the 10-K was filed)
- 415-525-3481 — Business Phone (Company contact phone number)
Key Players & Entities
- Fastly, Inc. (company) — Filer name
- Skycache, Inc.(DE) (company) — Former company name
- 475 Brannan Street, Suite 300, San Francisco, CA 94107 (company) — Business address
- 2023-12-31 (date) — Conformed period of report
- 2024-02-22 (date) — Filed as of date
- 1934 Act (regulator) — SEC Act
FAQ
When did Fastly, Inc. file this 10-K?
Fastly, Inc. filed this Annual Report (10-K) with the SEC on February 22, 2024.
What is a 10-K filing?
A 10-K is a comprehensive annual financial report required by the SEC, covering audited financials, business operations, risk factors, and management discussion. This particular 10-K was filed by Fastly, Inc. (FSLY).
Where can I read the original 10-K filing from Fastly, Inc.?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Fastly, Inc..
What are the key takeaways from Fastly, Inc.'s 10-K?
Fastly, Inc. filed this 10-K on February 22, 2024. Key takeaways: Fastly, Inc. reported its 2023 fiscal year results on Form 10-K, filed on February 22, 2024.. The filing covers the period from January 1, 2023, to December 31, 2023.. The company's principal executive offices are located at 475 Brannan Street, Suite 300, San Francisco, CA 94107..
Is Fastly, Inc. a risky investment based on this filing?
Based on this 10-K, Fastly, Inc. presents a moderate-risk profile. The company's financial performance and growth are subject to market competition and evolving technology, as indicated by the nature of its business in the pre-packaged software and services industry.
What should investors do after reading Fastly, Inc.'s 10-K?
Investors should review the detailed financial statements and risk factors within the 10-K to understand Fastly's performance and potential challenges. The overall sentiment from this filing is neutral.
Risk Factors
- Market Competition [high — market]: The company operates in a highly competitive market for edge computing and content delivery network services, facing pressure from established players and emerging technologies.
- Service Disruptions [medium — operational]: Any disruption to Fastly's network services could result in significant loss of revenue and damage to its reputation.
- Profitability Challenges [medium — financial]: The company has historically faced challenges in achieving consistent profitability due to significant investments in infrastructure and R&D.
Key Dates
- 2024-02-22: 10-K Filing — Annual report filing for fiscal year 2023.
From the Filing
0001517413-24-000048.txt : 20240222 0001517413-24-000048.hdr.sgml : 20240222 20240221215819 ACCESSION NUMBER: 0001517413-24-000048 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 136 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240222 DATE AS OF CHANGE: 20240221 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Fastly, Inc. CENTRAL INDEX KEY: 0001517413 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 275411834 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38897 FILM NUMBER: 24662129 BUSINESS ADDRESS: STREET 1: 475 BRANNAN STREET 2: SUITE 300 CITY: SAN FRANCISCO STATE: CA ZIP: 94107 BUSINESS PHONE: 415-525-3481 MAIL ADDRESS: STREET 1: 475 BRANNAN STREET 2: SUITE 300 CITY: SAN FRANCISCO STATE: CA ZIP: 94107 FORMER COMPANY: FORMER CONFORMED NAME: Skycache, Inc.(DE) DATE OF NAME CHANGE: 20110405 10-K 1 fsly-20231231.htm 10-K fsly-20231231 0001517413 2023 FY false P3Y P1Y P3Y one one 0.0097272 P3Y P3Y 407 133 377 0001517413 2023-01-01 2023-12-31 0001517413 2023-06-30 iso4217:USD 0001517413 2024-02-16 xbrli:shares 0001517413 2023-12-31 0001517413 2022-12-31 iso4217:USD xbrli:shares 0001517413 2022-01-01 2022-12-31 0001517413 2021-01-01 2021-12-31 0001517413 us-gaap:CommonStockMember us-gaap:CommonClassAMember 2020-12-31 0001517413 us-gaap:CommonClassBMember us-gaap:CommonStockMember 2020-12-31 0001517413 us-gaap:AdditionalPaidInCapitalMember 2020-12-31 0001517413 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-12-31 0001517413 us-gaap:RetainedEarningsMember 2020-12-31 0001517413 2020-12-31 0001517413 us-gaap:CommonStockMember us-gaap:CommonClassAMember 2021-01-01 2021-12-31 0001517413 us-gaap:AdditionalPaidInCapitalMember 2021-01-01 2021-12-31 0001517413 us-gaap:CommonClassBMember us-gaap:CommonStockMember 2021-01-01 2021-12-31 0001517413 us-gaap:RestrictedStockUnitsRSUMember us-gaap:CommonStockMember us-gaap:CommonClassAMember 2021-01-01 2021-12-31 0001517413 us-gaap:CommonStockMember us-gaap:CommonClassAMember us-gaap:RestrictedStockMember 2021-01-01 2021-12-31 0001517413 us-gaap:RetainedEarningsMember 2021-01-01 2021-12-31 0001517413 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-01-01 2021-12-31 0001517413 us-gaap:CommonStockMember us-gaap:CommonClassAMember 2021-12-31 0001517413 us-gaap:CommonClassBMember us-gaap:CommonStockMember 2021-12-31 0001517413 us-gaap:AdditionalPaidInCapitalMember 2021-12-31 0001517413 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-12-31 0001517413 us-gaap:RetainedEarningsMember 2021-12-31 0001517413 2021-12-31 0001517413 us-gaap:CommonStockMember us-gaap:CommonClassAMember 2022-01-01 2022-12-31 0001517413 us-gaap:AdditionalPaidInCapitalMember 2022-01-01 2022-12-31 0001517413 us-gaap:RestrictedStockUnitsRSUMember us-gaap:CommonStockMember us-gaap:CommonClassAMember 2022-01-01 2022-12-31 0001517413 us-gaap:CommonStockMember us-gaap:CommonClassAMember us-gaap:RestrictedStockMember 2022-01-01 2022-12-31 0001517413 us-gaap:RetainedEarningsMember 2022-01-01 2022-12-31 0001517413 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-01-01 2022-12-31 0001517413 us-gaap:CommonStockMember us-gaap:CommonClassAMember 2022-12-31 0001517413 us-gaap:CommonClassBMember us-gaap:CommonStockMember 2022-12-31 0001517413 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001517413 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0001517413 us-gaap:RetainedEarningsMember 2022-12-31 0001517413 us-gaap:CommonStockMember us-gaap:CommonClassAMember 2023-01-01 2023-12-31 0001517413 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-12-31 0001517413 us-gaap:RestrictedStockUnitsRSUMember us-gaap:CommonStockMember us-gaap:CommonClassAMember 2023-01-01 2023-12-31 0001517413 us-gaap:RetainedEarningsMember 2023-01-01 2023-12-31 0001517413 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-12-31 0001517413 us-gaap:CommonStockMem