Dilution profile // every instrument, one screen, from SEC filings

Fastly, Inc. (FSLY)

CIK 1517413 · all EDGAR filings →

Overall dilution risk
HIGHworst of 3 computed sub-ratings (offering ability)
= the worst band among the computed sub-ratings, no hidden weighting
not every sub-rating was computable; treat as a floor
Offering ability
HIGHS-3ASR on file 2026-08-06
= is there a registration (S-1/S-3 family) on file without a later withdrawal
no structured fee data on the live registrations, so this is a yes/no, not a size
Overhead supply
NOT COMPUTEDno warrant count tagged in XBRL
= warrant shares outstanding divided by current shares outstanding
absence of a tag is not proof of absence of warrants
Historical dilution
LOW+23% O/S in 3y
= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative
Cash need
LOWoperating cash flow positive
= cash vs trailing operating burn (bands: 6mo / 24mo; positive operating CF = low)

Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.

Shares outstanding over time

2021-07-302026-07-24

Latest: 159.3M shares as of Jul 24, 2026 (10-Q).

⊙
EVIDENCE — filed/published fact
SourceSEC XBRL, cover-page share count
Fielddei:EntityCommonStockSharesOutstanding
As of2026-07-24
HowThe newest cover-page count as filed, whatever its age. The float checker applies a 200-day freshness rule and sets this beside the balance-sheet count.
Open the source document →

Cash runway

Self-funding

generates cash

Full breakdown: cash runway tool · source filing →

Warrants

Balance-sheet fair value of warrants: $0 as of Sep 30, 2019.

Convertible notes

NotePrincipalCarryingConv. priceRateIf converted
2026 Convertible Notes$948.8M$0not tagged0%—
2030 Convertible Notes$180.0M$180.0M$15.260%~11.8M sh
2028 Convertible Notes$150.0M$150.0M$19.747.75%~7.6M sh

If every note above converted at its tagged price: ~19.4M new shares on 159.3M currently outstanding. An estimate from principal ÷ conversion price, with inputs carrying different as-of dates; make-whole adjustments, capped calls and partial repurchases are not modeled.

Notes exactly as the company dimensioned them in its 10-Q filed Aug 5, 2026 →. Principal is face amount as tagged, not what remains after repurchases unless the filer updated the tag. A note the filer did not dimension is absent here, not absent from the balance sheet; the exhibits stay the ground truth.

Fully diluted build-up

Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.

Shares outstanding159.3MJul 24, 2026
+ 2030 Convertible Notes (if fully converted)11.8MJun 30, 2026
+ 2028 Convertible Notes (if fully converted)7.6MJun 30, 2026
Fully diluted estimate178.7M+12.2% vs O/S

Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.

Registrations and offerings

S-3ASRAug 6, 2026fee exhibit found but no total offering amount (fees deferred, typical for automatic shelves)filing →

Last 12 months: 2 executed · 1 registered.

REGISTEREDAug 6, 2026Automatic shelf registration — effective immediately (large filers)S-3ASR →
EXECUTEDDec 17, 2025Unregistered share sale disclosed (8-K item 3.02)8-K →
EXECUTEDDec 9, 2025Unregistered share sale disclosed (8-K item 3.02)8-K →
EXECUTEDDec 5, 2024Unregistered share sale disclosed (8-K item 3.02)8-K →
REGISTEREDAug 3, 2023Automatic shelf registration — effective immediately (large filers)S-3ASR →
EXECUTEDMar 5, 2021Unregistered share sale disclosed (8-K item 3.02)8-K →
REGISTEREDOct 15, 2020Automatic shelf registration — effective immediately (large filers)S-3ASR →
EXECUTEDOct 2, 2020Unregistered share sale disclosed (8-K item 3.02)8-K →
EXECUTEDAug 27, 2020Unregistered share sale disclosed (8-K item 3.02)8-K →
REGISTEREDAug 7, 2020Automatic shelf registration — effective immediately (large filers)S-3ASR →
EXECUTEDMay 21, 2020Final prospectus — offering priced (typical for IPOs and marketed share deals)424B4 →
EFFECTIVEMay 20, 2020SEC declared a registration effective — selling can beginEFFECT →

Full history and shelf status: offering checker · S-3 shelf checker

Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.

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