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Financials · FSLY

Fastly Inc. (FSLY) financials

For the twelve months ended Sep 30, 2026, Fastly Inc. reported $719.14M of revenue and -$62.88M of net income.

Revenue, TTM
$719.14M
Revenue growth, YoY
+21.5%
Net income, TTM
-$62.88M
Net margin
-8.7%
Free cash flow, TTM
$56.82M
EPS, diluted, TTM
-$0.40
Cash
$113.51M
Total debt
$324.30M
P/S
3.41
Market cap
$2.45B
Annual revenue$624.02M
FY2017FY2025
Annual net income-$121.68M
FY2017FY2025
Annual free cash flow$65.75M
FY2017FY2025

FSLY revenue and earnings growth

FSLY revenueQ3 2026$190.19M

Quarter YoY
+20.2%
QoQ
+3.8%
FY YoY
+14.8%
5Y CAGR
+16.5%

FSLY revenue was $190.19M in fiscal Q3 2026 (ended Sep 30, 2026), up 20.2% from a year earlier and up 3.8% from the prior quarter. For the full fiscal 2025 it was $624.02M, up 14.8% from fiscal 2024. Compound annual growth was +16.5% over 5 years. It rose in each of the last 8 fiscal years. Fiscal 2025 is the highest of the 9 fiscal years on file.

FSLY net incomeQ3 2026-$11.26M

FSLY net income was -$11.26M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$29.48M a year earlier. For the full fiscal 2025 it was -$121.68M, compared with -$158.06M in fiscal 2024.

FSLY EPSQ3 2026-$0.07

FSLY diluted EPS was -$0.07 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$0.20 a year earlier. For the full fiscal 2025 it was -$0.83, compared with -$1.14 in fiscal 2024.

FSLY free cash flowQ3 2026$29.02M

Quarter YoY
+26.8%
QoQ
+276.3%
FY YoY
+982.1%

FSLY free cash flow was $29.02M in fiscal Q3 2026 (ended Sep 30, 2026), up 26.8% from a year earlier and up 276.3% from the prior quarter. For the full fiscal 2025 it was $65.75M, up 982.1% from fiscal 2024. Fiscal 2025 is the highest of the 9 fiscal years on file.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
Revenue$624.02M$543.68M$505.99M$432.73M$354.33M$290.87M$200.46M$144.56M$104.90M
Cost of revenue$267.81M$247.74M$239.66M$222.94M$167.00M$120.01M$88.32M$65.50M$48.67M
Gross profit$356.20M$295.94M$266.33M$209.78M$187.33M$170.87M$112.14M$79.06M$56.23M
Research and development$162.66M$137.98M$152.19M$155.31M$126.86M$74.81M$46.49M$34.62M$28.99M
Selling, general and admin$110.69M$113.40M$116.08M$120.80M$126.84M$102.08M$41.10M$23.45M$17.45M
Operating income-$119.00M-$167.91M-$198.03M-$246.20M-$219.02M-$107.21M-$46.55M-$29.14M-$31.03M
Interest expense$12.70M$2.75M$4.05M$5.89M$5.25M$1.55M$5.24M$1.81M$1.12M
Pre-tax income-$119.19M-$155.45M-$133.31M-$190.68M-$222.63M-$107.41M-$51.06M-$30.75M-$32.24M
Income tax$2.49M$2.60M-$221.0K$94.0K$69.0K-$11.48M$492.0K$185.0K$208.0K
Net income-$121.68M-$158.06M-$133.09M-$190.77M-$222.70M-$95.93M-$51.55M-$30.93M-$32.45M
EPS, basic-$0.83-$1.14-$1.03-$1.57-$1.92-$0.93-$0.75-$1.27-$1.39
EPS, diluted-$0.83-$1.14-$1.03-$1.57-$1.92-$0.93-$0.75-$1.27-$1.39
Diluted shares146.9M138.1M128.8M121.7M116.1M103.6M68.3M24.4M23.4M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
Cash and equivalents$180.56M$286.18M$107.92M$143.54M$166.96M$63.88M$86.23M$36.96M$31.40M
Short-term investments$181.20M$9.71M$214.80M$374.58M-$131.28M$114.97M$46.68M-
Receivables$118.03M$115.99M$120.50M$89.58M$64.63M$50.26M$37.14M$24.73M-
Current assets$506.71M$440.19M$463.67M$636.48M$624.65M$261.26M$249.32M$117.27M-
Goodwill$670.36M$670.36M$670.36M$670.18M$636.80M$635.59M$372.0K$360.0K$382.0K
Total assets$1.50B$1.45B$1.53B$1.90B$2.16B$1.22B$320.97M$162.75M-
Current liabilities$194.00M$104.46M$147.69M$152.32M$131.87M$94.09M$37.12M$31.75M-
Short-term debt$38.56M$0--$0-$4.47M$11.37M-
Long-term debt$323.28M$337.61M$343.51M$704.71M$933.21M$0$20.08M$39.44M-
Total debt$361.84M$337.61M$343.51M$704.71M$933.21M$0$24.55M$50.81M-
Total liabilities$569.90M$486.11M$545.70M$940.96M$1.15B$158.09M$63.32M$75.10M-
Shareholders' equity$929.58M$965.25M$979.49M$955.16M$1.01B$1.06B$257.65M-$131.93M-$107.01M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
Operating cash flow$94.44M$16.41M$362.0K-$69.63M-$38.48M-$19.92M-$31.30M-$16.98M-$25.86M
Capital expenditures$28.69M$10.33M$10.98M$19.98M$34.82M$29.57M$14.61M$16.70M$12.10M
Free cash flow$65.75M$6.08M-$10.61M-$89.61M-$73.30M-$49.48M-$45.91M-$33.69M-$37.96M
Investing cash flow-$213.03M$178.90M$294.94M$235.75M-$794.51M-$275.02M-$87.68M-$47.11M-$15.78M
Financing cash flow$12.76M-$17.10M-$331.38M-$189.15M$936.55M$272.74M$168.15M$69.64M$55.41M
Stock-based compensation$117.32M$107.93M$136.30M$145.80M$140.49M$64.43M$12.14M$4.08M$2.81M
Depreciation and amortization----$28.80M$19.98M$16.55M$13.40M$9.64M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
Revenue growth, YoY14.8%7.4%16.9%22.1%21.8%45.1%38.7%37.8%-
Gross margin57.1%54.4%52.6%48.5%52.9%58.7%55.9%54.7%53.6%
Operating margin-19.1%-30.9%-39.1%-56.9%-61.8%-36.9%-23.2%-20.2%-29.6%
Net margin-19.5%-29.1%-26.3%-44.1%-62.9%-33.0%-25.7%-21.4%-30.9%
Free cash flow margin10.5%1.1%-2.1%-20.7%-20.7%-17.0%-22.9%-23.3%-36.2%
Return on equity-13.1%-16.4%-13.6%-20.0%-22.0%-9.0%-20.0%--
Return on assets-8.1%-10.9%-8.7%-10.1%-10.3%-7.9%-16.1%-19.0%-
Current ratio2.614.213.144.184.742.786.723.69-
Debt to equity0.390.350.350.740.920.000.10--

Source: XBRL data Fastly Inc. files with the SEC, latest filing dated Nov 4, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

FSLY peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
FSLY$719.14M+21.5%-$62.88M-8.7%$2.45B
MSFT$346.44B+17.9%$142.63B41.2%$3.98T
PLTR$7.29B+87.1%$3.67B50.3%$373.45B
ORCL$71.78B+21.6%$18.92B26.4%$348.21B
SAP€36.80B+7.7%€7.16B19.5%$299.18B
CRWD$5.40B+24.3%$58.46M1.1%$222.40B
SHOP$14.17B+32.5%$2.13B15.0%$184.94B
CRM$43.94B+11.2%$9.66B22.0%$183.04B
NOW$15.43B+21.8%$1.45B9.4%$106.25B

FSLY FAQ

9 questions
  • What is FSLY revenue?
    Fastly Inc. (FSLY) reported $719.14M of revenue for the twelve months ended Sep 30, 2026. That is up 21.5% from the year before. Revenue for fiscal 2025 was $624.02M.
  • Is FSLY profitable?
    No. Fastly Inc. reported a net loss of $62.88M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does FSLY have?
    Fastly Inc. reported $113.51M in cash and cash equivalents and $324.30M of debt on its most recent balance sheet in SEC filings.
  • How fast is FSLY revenue growing?
    Fastly Inc.'s revenue changed +14.8% in fiscal 2025, to $624.02M. Its compound annual growth rate was +16.5% over 5 years.
  • What is FSLY gross margin?
    Fastly Inc.'s gross profit was $450.50M on $719.14M of revenue for the twelve months ended Sep 30, 2026, a gross margin of 62.6%.
  • What is FSLY free cash flow?
    Fastly Inc. generated $56.82M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $130.62M less capital expenditures.
  • What is FSLY earnings per share?
    Diluted earnings per share were -$0.40 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did FSLY last report financial results?
    The latest statements here come from Fastly Inc.'s 10-Q filed on Nov 4, 2026, covering the period ended Sep 30, 2026.
  • Where does this FSLY financial data come from?
    Quantisnow builds these statements from the structured XBRL data Fastly Inc. files with the SEC. It is provided for information only and is not investment advice.