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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 137M | 3.7% |
| Gross Profit | 75M | 2.5% |
| Cost of Revenue | 62M | 5% |
| Operating expense | 115M | 3.6% |
| Net Income | -38M | 13.1% |
| EBITDA | -29M | 15.5% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 1.47B | 0.7% |
| Total Liabilities | 502M | 0.2% |
| Total Equity | 969M | 1.2% |
| Shares Outstanding | 140M | 1.2% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 5M | 201.1% |
| Cash from investing | 66M | 729.9% |
| Cash from financing | -1.1M | 83.7% |
EPS
Financial Highlights for Fastly in Q3 '24
Fastly reported a revenue of 137M, which is a 3.7% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 75M, marking a 2.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 62M, a 5% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 115M, showing a -3.6% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -38M, showing a 13.1% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -29M, showing a 15.5% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Fastly with growth in revenue, gross profit, and net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures.
