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FSLYFastly, Inc.
$18.59$2.9B
Overview & Verdict
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FSLY logoFastly, Inc.(FSLY)Earnings, Financials & Key Ratios

FSLY•NYSE
$18.59
Price updated Jul 7, 2026
SectorTechnologyIndustryApplication SoftwareSub-IndustryDeveloper tools and DevOps platforms
AboutFastly, Inc. operates an edge cloud platform for processing, serving, and securing its customer's applications in the United States, the Asia Pacific, Europe, and internationally. The edge cloud is a category of Infrastructure as a Service that enables developers to build, secure, and deliver digital experiences at the edge of the internet. It is a programmable platform designed for web and application delivery. The company offers Compute@Edge; developer hub that includes solution library patterns and recipes, API and language references, change logs, and Fastly Fiddle solutions; device detection and geolocation, edge dictionaries, edge access control lists, and edge authentication services; full site delivery services, such as dynamic site acceleration, origin shield, instant purge, surrogate keys, real-time logging and stats, cloud optimizer, programmatic control, edge databases, content compression, reliability, and modern protocols and performance services; and streaming solutions and services, including live streaming, media shield, and origin connect. It also provides edge security solutions, such as DDoS protection and cloud, edge web application firewall (WAF), transport layer security (TLS), platform TLS, and compliance services; unified web application and API protection solutions that includes runtime self-application protection, advanced rate limiting, API and ATO protection, account takeover protection, bot protection, and next generation WAF. In addition, the company offers edge applications, such as load balancers and image optimizers; video on demand; and managed edge delivery services. It serves customers operating in digital publishing, media and entertainment, technology, online retail, travel and hospitality, and financial services industries. The company was formerly known as SkyCache, Inc. and changed its name to Fastly, Inc. in May 2012. Fastly, Inc. was incorporated in 2011 and is headquartered in San Francisco, California.Show more
  • Revenue$624M+14.8%
  • EBITDA-$21M+78.2%
  • Net Income-$122M+23.0%
  • EPS (Diluted)-0.83+27.2%
  • Gross Margin57.08%+4.9%
  • EBITDA Margin-3.3%+81.0%
  • Operating Margin-18.88%+38.9%
  • Net Margin-19.5%+32.9%
  • ROE-12.84%+21.0%

FSLY Price & Volume

Fastly, Inc. (FSLY) stock price & volume — 10-year historical chart

Loading chart...

Revenue Growth Rebound Faces Persistent Margin Headwinds

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Accelerating
Profitability:Strained
Financial:Adequate
Cash Flow:Improving
Primary Risk:Usage-based revenue volatility

Key Thesis Takeaways

  • Fastly is demonstrating a promising recovery in top-line performance, with year-over-year revenue growth accelerating to 19.8% in 2026Q1, driven by strategic shifts in its edge computing and security segments.
  • However, the company continues to struggle with operating leverage, as evidenced by a -13.8% operating margin, and remains burdened by a $1.1 billion accumulated deficit.
  • Investors should monitor whether the recent reduction in stock-based compensation and improved gross margins of 62.5% can translate into sustained GAAP profitability amidst the inherent volatility of its usage-based revenue model.

Verdict Logic

while the company has achieved a positive 2.1% FCF margin in 2026Q1, the high forward P/E of 52.61 and the $670.4 million goodwill concentration suggest that significant execution risk remains.

FSLY Growth Metrics

Fastly, Inc. (FSLY) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years16.49%
3 Years12.98%
TTM17.66%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM32.99%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM36.7%

Return on Capital

10 Years-17.29%
5 Years-12.17%
3 Years-11.3%
Last Year-8.88%

FSLY Recent Earnings

Fastly, Inc. (FSLY) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
May 6, 2026
Metric
Actual
Est
EPS
$0.13+62.5%
$0.08
Rev
$173M+0.7%
$172M
Q1 2026
Feb 11, 2026
Metric
Actual
Est
EPS
$0.12+100.0%
$0.06
Rev
$173M+7.0%
$161M
Q4 2025
Nov 5, 2025
Metric
Actual
Est
EPS
$0.07+22.0%
$0.06
Rev
$158M-1.9%
$161M
Q3 2025
Aug 6, 2025
Metric
Actual
Est
EPS
$0.03+40.0%
$0.05
Rev
$149M+2.7%
$145M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 6, 2026
$0.13vs $0.08+62.5%
$173Mvs $172M+0.7%
Q1 2026Feb 11, 2026
$0.12vs $0.06+100.0%
$173Mvs $161M+7.0%
Q4 2025Nov 5, 2025
$0.07vs $0.06+22.0%
$158Mvs $161M-1.9%
Q3 2025Aug 6, 2025
$0.03vs $0.05+40.0%
$149Mvs $145M+2.7%
Based on last 12 quarters of dataView full earnings history →

Latest FSLY News

Recent stock market news and headlines for Fastly, Inc. (FSLY)

Business Wire·21h ago
Fastly Named a 2026 Gartner® Peer Insights™ Customers' Choice for Edge Distribution Platforms

SAN FRANCISCO--(BUSINESS WIRE)--Fastly, Inc. (NASDAQ: FSLY), a leader in global edge cloud platforms, today announced it has been recognized as a 2026 Gartner® Peer Insights™ Customers' Choice for Edge Distribution Platforms. This distinction is based entirely on verified peer reviews, where Fastly received overall high ratings across the board for its platform performance and reliability, dedication to customer experience, and ongoing customer support.Fastly received the highest overall rating.

The Motley Fool·Jun 27, 2026
A Fastly Insider Sold Over 40,000 Shares. What Does That Mean for Investors?

Scott Lovett sold 41,716 shares for a total transaction value of ~$741,000, based on the reported share price of $17.77 as of June 17, 2026. The sale represented 2.91% of Lovett's direct holdings at the time of the transaction, reducing direct ownership to 1,392,778 shares.

Seeking Alpha·Jun 16, 2026
Fastly: Shrinking AI Premium, Strong Buy

Fastly remains a compelling AI-driven edge cloud platform despite a sharp post-earnings sell-off tied to disappointing Q2 guidance. FSLY achieved 20% year-over-year revenue growth in Q1'26 and posted its fifth consecutive quarter of positive free cash flow. Shares trade at a discounted 3.6X forward P/S, well below Cloudflare and Akamai, reflecting market overreaction to near-term deceleration.

Peers Comparison

Key metrics vs top competitors for Fastly, Inc. (FSLY)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
FSLY logoFSLYFastly, Inc.Current
$18.59$2.91B-22.4014.78%-19.5%-12.84%—
NET logoNETCloudflare, Inc.
$268.77$95B-926.7829.85%-3.72%-6.23%—
AKAM logoAKAMAkamai Technologies, Inc.
$114.37$16.63B37.255.44%10.2%9.12%—
ZS logoZSZscaler, Inc.
$149.50$24.18B-553.7023.31%-2.44%-3.71%—
PNFP logoPNFPPinnacle Financial Partners, Inc.
$100.78$7.75B12.462.4%16.25%7.42%—
CFLT logoCFLTConfluent, Inc.
$30.99$10.65B-36.0321.08%-25.31%-25.26%—

Compare FSLY vs Peers

Fastly, Inc. (FSLY) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs NET

Most directly comparable listed peer for FSLY.

Scale Benchmark

vs GOOGL

Larger-name benchmark to compare FSLY against a more recognizable public peer.

Peer Set

Compare Top 5

vs NET, AKAM, ZS, PNFP

FSLY SEC Filings & Documents

Fastly, Inc. (FSLY) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 6, 2026·SEC

Material company update

Mar 5, 2026·SEC

Material company update

Feb 11, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 25, 2026·SEC

FY 2025

Feb 26, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

May 6, 2026·SEC

FY 2025

Nov 7, 2025·SEC

FY 2025

Aug 6, 2025·SEC

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FSLY Frequently Asked Questions

Fastly, Inc. (FSLY) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Fastly, Inc.'s revenue?

Fastly, Inc. (FSLY) reported $652.6M in revenue for fiscal year 2025. This represents a 522% increase from $104.9M in 2017.

How fast is Fastly, Inc. growing?

Fastly, Inc. (FSLY) grew revenue by 14.8% over the past year. This is steady growth.

Is FSLY profitable?

Fastly, Inc. (FSLY) reported a net loss of $103.1M for fiscal year 2025.

Dividend & Returns
What is FSLY's return on equity?

Fastly, Inc. (FSLY) has a return on equity (ROE) of -12.8%. Negative ROE indicates the company is unprofitable.

What is Fastly, Inc.'s free cash flow?

Fastly, Inc. (FSLY) generated $54.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in FSLY back in 2017?

Total return calculator · dividends reinvested · 9+ years of data

See returns →