Fastly, Inc.

FSLY Nasdaq Services-Prepackaged Software Financials FY2017–FY2025

Fastly, Inc. had $624M of revenue in fiscal 2025, up 14.8% on the year before. Over five years, revenue changed +16.5% a year on average.

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Last close · Oct 23, 2026

$24.41

8.7%

Earnings calendar · Fastly, Inc.

Every quarter, companies publish how much they sold and earned. These are the days Fastly, Inc. did it, and the next one. Share prices often move a lot on those days.

Next results

November 4, 2026

Wednesday · in 9 days

Time: After the market closes
Covers: Period ended Sep 30, 2026
Expected EPS: −$0.08
Source: Earnings calendar

See who else reports that week →

Date	Results for	Time	Source
Aug 5, 2026	Q2 '26	After the market closes	8-K ↗
May 6, 2026	Q1 '26	After the market closes	8-K ↗
Feb 11, 2026	Q4 '25	After the market closes	8-K ↗
Nov 5, 2025	Q3 '25	After the market closes	8-K ↗
Aug 6, 2025	Q2 '25	After the market closes	8-K ↗
May 7, 2025	Q1 '25	After the market closes	8-K ↗
Feb 12, 2025	Q4 '24	After the market closes	8-K ↗
Nov 6, 2024	Q3 '24	After the market closes	8-K ↗

From SEC filings: the results press release (8-K) or, without one, the quarterly or annual report.

Results coming up

Results in 9 days

Fastly, Inc. will publish its results for the period ended Sep 30, 2026 on Wednesday November 4, 2026.

November 4, 2026
After the market closes
Date from the earnings calendar

Analysts expect EPS of −$0.08

Consensus estimate, usually adjusted, so it may differ from the reported (GAAP) figure.

Last results Aug 5, 2026

Share prices often move a lot around results. Dates can change: the company’s own announcement is final. Not investment advice.

KIRA’s summary AI analyst

Hi! I read Fastly, Inc.’s latest annual report (fiscal 2025). Here is what stands out:

2 strengths 3 to watch

1.Sales and profit

See section →

Fastly, Inc. had $624M of revenue in fiscal 2025, up 14.8% on the year before. Over five years, revenue changed +16.5% a year on average.
Its operating margin was −19.1%, up 11.8 pts: of every 100 in sales, about −19 is left after running the business.
Fastly, Inc. lost $122M in fiscal 2025.

2.Cash and shareholders

See section →

Free cash flow was $65.8M in fiscal 2025, 10.5% of revenue.
In the last 12 months, insiders sold $90.6M of shares on the open market and bought none.

3.Financial health

See section →

Fastly, Inc. owes $0.1M more than it holds in cash.
Its return on capital was −10.1%: every 100 invested in the business earned about −10 in a year.
Fastly, Inc. passes 5 of 9 financial health tests (Piotroski F-score).

Fastly, Inc. in 30 seconds

Good So-so Weak

Are sales growing?

+14.8%

Yes. Sales grew 14.8% last year.

Does it make a profit?

−19.5%

No. It lost money last year.

Does profit turn into cash?

10.5%

Yes. 10.5% of sales ends up as free cash.

How healthy are the accounts?

5 / 9

Mixed. It passes 5 of 9 health tests.

How is the share priced?

—

No P/E: it made no profit over the last four quarters.

Rules of thumb on reported numbers. A starting point, not a recommendation.

Key numbers, fiscal 2025

Market cap

$3.8B

Oct 23 close

P/E

—

On −$0.53 EPS (TTM)

Charts by

Sales and profit

Is it selling more, and how much does it keep?

Revenue and margins

KIRA · Fastly, Inc. had $624M of revenue in fiscal 2025, up 14.8% on the year before. Over five years, revenue changed +16.5% a year on average. Its operating margin was −19.1%, up 11.8 pts: of every 100 in sales, about −19 is left after running the business.

In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).

Revenue

FY17

Revenue $105M

FY18

Revenue $145M

FY19

Revenue $200M

FY20

Revenue $291M

FY21

Revenue $354M

FY22

Revenue $433M

FY23

Revenue $506M

FY24

Revenue $544M

FY25

Revenue $624M

Revenue

Q3 '23

Revenue $128M

Q4 '23

Revenue $138M

Q1 '24

Revenue $134M

Q2 '24

Revenue $132M

Q3 '24

Revenue $137M

Q4 '24

Revenue $141M

Q1 '25

Revenue $144M

Q2 '25

Revenue $149M

Q3 '25

Revenue $158M

Q4 '25

Revenue $173M

Q1 '26

Revenue $173M

Q2 '26

Revenue $183M

Q3 '23 Q4 '23 Q1 '24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Q2 '25 Q3 '25 Q4 '25 Q1 '26 Q2 '26

Margins, % of revenue

FY17

Gross 53.6%

Operating −29.6%

Net −30.9%

FCF −36.2%

FY18

Gross 54.7%

Operating −20.2%

Net −21.4%

FCF −23.3%

FY19

Gross 55.9%

Operating −23.2%

Net −25.7%

FCF −22.9%

FY20

Gross 58.7%

Operating −36.9%

Net −33.0%

FCF −17.0%

FY21

Gross 52.9%

Operating −61.8%

Net −62.9%

FCF −20.7%

FY22

Gross 48.5%

Operating −56.9%

Net −44.1%

FCF −20.7%

FY23

Gross 52.6%

Operating −39.1%

Net −26.3%

FCF −2.1%

FY24

Gross 54.4%

Operating −30.9%

Net −29.1%

FCF 1.1%

FY25

Gross 57.1%

Operating −19.1%

Net −19.5%

FCF 10.5%

Gross Operating Net FCF

Margins, % of revenue

Q3 '23

Gross 51.7%

Operating −45.6%

Net −42.5%

FCF −6.8%

Q4 '23

Gross 55.0%

Operating −30.9%

Net −17.0%

FCF −7.3%

Q1 '24

Gross 54.8%

Operating −34.6%

Net −32.5%

FCF 7.1%

Q2 '24

Gross 55.1%

Operating −35.3%

Net −33.0%

FCF −5.1%

Q3 '24

Gross 54.5%

Operating −29.6%

Net −27.7%

FCF 2.2%

Q4 '24

Gross 53.4%

Operating −24.4%

Net −23.4%

FCF 0.2%

Q1 '25

Gross 53.2%

Operating −26.4%

Net −27.1%

FCF 10.2%

Q2 '25

Gross 54.5%

Operating −24.8%

Net −25.2%

FCF 10.7%

Q3 '25

Gross 58.4%

Operating −18.2%

Net −18.6%

FCF 14.5%

Q4 '25

Gross 61.4%

Operating −8.7%

Net −9.0%

FCF 7.1%

Q1 '26

Gross 62.5%

Operating −13.8%

Net −11.9%

FCF 4.5%

Q2 '26

Gross 63.3%

Operating −7.9%

Net −8.5%

FCF 4.2%

Q3 '23 Q4 '23 Q1 '24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Q2 '25 Q3 '25 Q4 '25 Q1 '26 Q2 '26

Gross Operating Net FCF

Net income and earnings per share

KIRA · Fastly, Inc. lost $122M in fiscal 2025.

Loss periods are shown in red.

In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.

Net income

FY17

Net income −$32.5M

FY18

Net income −$30.9M

FY19

Net income −$51.6M

FY20

Net income −$95.9M

FY21

Net income −$223M

FY22

Net income −$191M

FY23

Net income −$133M

FY24

Net income −$158M

FY25

Net income −$122M

Net income

Q3 '23

Net income −$54.3M

Q4 '23

Net income −$23.4M

Q1 '24

Net income −$43.4M

Q2 '24

Net income −$43.7M

Q3 '24

Net income −$38.0M

Q4 '24

Net income −$32.9M

Q1 '25

Net income −$39.1M

Q2 '25

Net income −$37.5M

Q3 '25

Net income −$29.5M

Q4 '25

Net income −$15.5M

Q1 '26

Net income −$20.5M

Q2 '26

Net income −$15.6M

Q3 '23 Q4 '23 Q1 '24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Q2 '25 Q3 '25 Q4 '25 Q1 '26 Q2 '26

Diluted EPS

FY17

Diluted EPS −$1.39

FY18

Diluted EPS −$1.27

FY19

Diluted EPS −$0.75

FY20

Diluted EPS −$0.93

FY21

Diluted EPS −$1.92

FY22

Diluted EPS −$1.57

FY23

Diluted EPS −$1.03

FY24

Diluted EPS −$1.14

FY25

Diluted EPS −$0.83

Diluted EPS

Q3 '23

Diluted EPS −$0.42

Q4 '23

Diluted EPS −$0.17

Q1 '24

Diluted EPS −$0.32

Q2 '24

Diluted EPS −$0.32

Q3 '24

Diluted EPS −$0.27

Q4 '24

Diluted EPS −$0.23

Q1 '25

Diluted EPS −$0.27

Q2 '25

Diluted EPS −$0.26

Q3 '25

Diluted EPS −$0.20

Q4 '25

Diluted EPS −$0.10

Q1 '26

Diluted EPS −$0.13

Q2 '26

Diluted EPS −$0.10

Q3 '23 Q4 '23 Q1 '24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Q2 '25 Q3 '25 Q4 '25 Q1 '26 Q2 '26

Cash and shareholders

How much cash comes in, and where does it go?

Cash flow

KIRA · Free cash flow was $65.8M in fiscal 2025, 10.5% of revenue.

Cash from operations minus capital spending.

In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.

Free cash flow

FY17

Free cash flow −$38.0M

FY18

Free cash flow −$33.7M

FY19

Free cash flow −$45.9M

FY20

Free cash flow −$49.5M

FY21

Free cash flow −$73.3M

FY22

Free cash flow −$89.6M

FY23

Free cash flow −$10.6M

FY24

Free cash flow $6.1M

FY25

Free cash flow $65.8M

Free cash flow

Q3 '23

Free cash flow −$8.7M

Q4 '23

Free cash flow −$10.1M

Q1 '24

Free cash flow $9.5M

Q2 '24

Free cash flow −$6.7M

Q3 '24

Free cash flow $3.0M

Q4 '24

Free cash flow $0.3M

Q1 '25

Free cash flow $14.7M

Q2 '25

Free cash flow $15.9M

Q3 '25

Free cash flow $22.9M

Q4 '25

Free cash flow $12.2M

Q1 '26

Free cash flow $7.8M

Q2 '26

Free cash flow $7.7M

Q3 '23 Q4 '23 Q1 '24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Q2 '25 Q3 '25 Q4 '25 Q1 '26 Q2 '26

Cash from operations vs capital spending

FY17

Cash from operations −$25.9M

Capital spending $12.1M

FY18

Cash from operations −$17.0M

Capital spending $16.7M

FY19

Cash from operations −$31.3M

Capital spending $14.6M

FY20

Cash from operations −$19.9M

Capital spending $29.6M

FY21

Cash from operations −$38.5M

Capital spending $34.8M

FY22

Cash from operations −$69.6M

Capital spending $20.0M

FY23

Cash from operations $0.4M

Capital spending $11.0M

FY24

Cash from operations $16.4M

Capital spending $10.3M

FY25

Cash from operations $94.4M

Capital spending $28.7M

Cash from operations Capital spending

Cash from operations vs capital spending

Q3 '23

Cash from operations −$8.4M

Capital spending $0.3M

Q4 '23

Cash from operations −$7.4M

Capital spending $2.7M

Q1 '24

Cash from operations $11.1M

Capital spending $1.6M

Q2 '24

Cash from operations −$4.9M

Capital spending $1.8M

Q3 '24

Cash from operations $5.0M

Capital spending $2.0M

Q4 '24

Cash from operations $5.2M

Capital spending $5.0M

Q1 '25

Cash from operations $17.3M

Capital spending $2.6M

Q2 '25

Cash from operations $25.8M

Capital spending $9.9M

Q3 '25

Cash from operations $28.9M

Capital spending $6.0M

Q4 '25

Cash from operations $22.4M

Capital spending $10.2M

Q1 '26

Cash from operations $28.9M

Capital spending $21.0M

Q2 '26

Cash from operations $39.3M

Capital spending $31.6M

Q3 '23 Q4 '23 Q1 '24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Q2 '25 Q3 '25 Q4 '25 Q1 '26 Q2 '26

Cash from operations Capital spending

Dividends, buybacks and share count

In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).

Dividends and buybacks

FY17

Dividends —

Buybacks —

FY18

Dividends —

Buybacks —

FY19

Dividends —

Buybacks —

FY20

Dividends —

Buybacks —

FY21

Dividends —

Buybacks —

FY22

Dividends —

Buybacks —

FY23

Dividends —

Buybacks —

FY24

Dividends —

Buybacks —

FY25

Dividends —

Buybacks —

Dividends Buybacks

Diluted shares outstanding (annual)

FY17

Diluted shares 0.02B

FY18

Diluted shares 0.02B

FY19

Diluted shares 0.07B

FY20

Diluted shares 0.10B

FY21

Diluted shares 0.12B

FY22

Diluted shares 0.12B

FY23

Diluted shares 0.13B

FY24

Diluted shares 0.14B

FY25

Diluted shares 0.15B

Insider trades

KIRA · In the last 12 months, insiders sold $90.6M of shares on the open market and bought none.

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. “Plan” marks trades under a pre-arranged Rule 10b5-1 plan.

In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$90.6M

8 insiders

Of sales under plans

86%

$77.8M

Date	Insider	Trade	Shares	Price	Value	Filing
Oct 19, 2026	Charles Lacey Compton IIICEO, Director	Sold plan	9,016	$23.08	$0.2M	Form 4
Oct 16, 2026	Charles Lacey Compton IIICEO, Director	Sold plan	11,433	$24.90	$0.3M	Form 4
Oct 12, 2026	Artur BergmanChief Technology Officer, Director	Sold plan	37,039	$26.81	$1.0M	Form 4
Oct 9, 2026	Artur BergmanChief Technology Officer, Director	Sold plan	3,002	$30.07	$0.1M	Form 4
Sep 29, 2026	Artur BergmanChief Technology Officer, Director	Sold plan	3,961	$25.26	$0.1M	Form 4
Sep 28, 2026	Artur BergmanChief Technology Officer, Director	Sold plan	33,078	$24.75	$0.8M	Form 4
Sep 23, 2026	Artur BergmanChief Technology Officer, Director	Sold plan	379,602	$30.16	$11.4M	Form 4
Sep 22, 2026	Artur BergmanChief Technology Officer, Director	Sold plan	27,900	$27.82	$0.8M	Form 4
Sep 21, 2026	Artur BergmanChief Technology Officer, Director	Sold plan	49,146	$27.38	$1.3M	Form 4
Sep 17, 2026	Artur BergmanChief Technology Officer, Director	Sold plan	2,200	$25.30	$0.1M	Form 4
Sep 17, 2026	Jeffrey FordPrincipal Accounting Officer	Sold plan	45,832	$24.65	$1.1M	Form 4
Sep 17, 2026	Scott R. LovettPresident, Go to Market	Sold plan	41,815	$24.65	$1.0M	Form 4
Sep 16, 2026	Jeffrey FordPrincipal Accounting Officer	Sold	37,091	$23.84	$0.9M	Form 4
Sep 16, 2026	Scott R. LovettPresident, Go to Market	Sold	34,820	$23.85	$0.8M	Form 4
Sep 15, 2026	Artur BergmanChief Technology Officer, Director	Sold plan	2,500	$25.14	$0.1M	Form 4
Sep 14, 2026	Artur BergmanChief Technology Officer, Director	Sold plan	31,079	$24.53	$0.8M	Form 4
Sep 14, 2026	Charles Lacey Compton IIICEO, Director	Sold plan	50,392	$24.93	$1.3M	Form 4
Sep 9, 2026	Artur BergmanChief Technology Officer, Director	Sold plan	8,960	$22.72	$0.2M	Form 4
Sep 8, 2026	Artur BergmanChief Technology Officer, Director	Sold plan	300	$22.51	$0.0M	Form 4
Sep 8, 2026	Charles Lacey Compton IIICEO, Director	Sold plan	2,436	$21.23	$0.1M	Form 4
Sep 3, 2026	Artur BergmanChief Technology Officer, Director	Sold plan	36,095	$20.79	$0.8M	Form 4
Sep 2, 2026	Charles Lacey Compton IIICEO, Director	Sold plan	9,458	$20.42	$0.2M	Form 4
Sep 1, 2026	Charles Lacey Compton IIICEO, Director	Sold plan	55,579	$21.39	$1.2M	Form 4
Aug 31, 2026	Artur BergmanChief Technology Officer, Director	Sold	6,225	$23.00	$0.1M	Form 4
Aug 31, 2026	Charles Lacey Compton IIICEO, Director	Sold plan	15,028	$23.00	$0.3M	Form 4
Aug 31, 2026	Christopher B PaisleyDirector	Sold plan	3,000	$23.00	$0.1M	Form 4
Aug 31, 2026	Scott R. LovettPresident, Go to Market	Sold	19,624	$23.00	$0.5M	Form 4
Aug 27, 2026	Artur BergmanChief Technology Officer, Director	Sold	851	$24.08	$0.0M	Form 4
Aug 21, 2026	Richard WongCFO	Sold plan	47,676	$24.09	$1.1M	Form 4
Aug 19, 2026	Artur BergmanChief Technology Officer, Director	Sold plan	31,687	$24.72	$0.8M	Form 4
Aug 19, 2026	Charles Lacey Compton IIICEO, Director	Sold plan	11,198	$24.69	$0.3M	Form 4
Aug 18, 2026	Artur BergmanChief Technology Officer, Director	Sold plan	32,387	$28.60	$0.9M	Form 4
Aug 18, 2026	Charles Lacey Compton IIICEO, Director	Sold plan	34,552	$28.60	$1.0M	Form 4
Aug 18, 2026	Richard WongCFO	Sold	148,015	$28.61	$4.2M	Form 4
Aug 18, 2026	Scott R. LovettPresident, Go to Market	Sold	14,936	$28.60	$0.4M	Form 4
Aug 12, 2026	Paula LoopDirector	Sold plan	7,332	$30.00	$0.2M	Form 4
Aug 7, 2026	Richard Devon DanielsDirector	Sold	11,080	$22.90	$0.3M	Form 4
Aug 4, 2026	Charles Lacey Compton IIICEO, Director	Sold plan	14,868	$25.00	$0.4M	Form 4
Jul 17, 2026	Charles Lacey Compton IIICEO, Director	Sold plan	7,073	$20.89	$0.1M	Form 4
Jul 16, 2026	Charles Lacey Compton IIICEO, Director	Sold plan	11,412	$20.65	$0.2M	Form 4
Jun 17, 2026	Scott R. LovettPresident, Go to Market	Sold plan	41,716	$17.77	$0.7M	Form 4
Jun 16, 2026	Scott R. LovettPresident, Go to Market	Sold	34,919	$18.15	$0.6M	Form 4
Jun 3, 2026	Artur BergmanChief Technology Officer, Director	Sold plan	7,889	$20.96	$0.2M	Form 4
Jun 3, 2026	Charles Lacey Compton IIICEO, Director	Sold plan	9,313	$20.79	$0.2M	Form 4
May 29, 2026	Artur BergmanChief Technology Officer, Director	Sold	6,225	$16.96	$0.1M	Form 4
May 29, 2026	Charles Lacey Compton IIICEO, Director	Sold	15,028	$16.96	$0.3M	Form 4
May 29, 2026	Christopher B PaisleyDirector	Sold plan	1,000	$16.96	$0.0M	Form 4
May 29, 2026	Scott R. LovettPresident, Go to Market	Sold	19,622	$16.96	$0.3M	Form 4
May 28, 2026	Artur BergmanChief Technology Officer, Director	Sold plan	1,077	$17.02	$0.0M	Form 4
May 27, 2026	Artur BergmanChief Technology Officer, Director	Sold plan	852	$17.50	$0.0M	Form 4
May 21, 2026	Richard WongCFO	Sold	2,500	$16.48	$0.0M	Form 4
May 19, 2026	Artur BergmanChief Technology Officer, Director	Sold plan	31,848	$16.41	$0.5M	Form 4
May 19, 2026	Charles Lacey Compton IIICEO, Director	Sold plan	11,275	$16.48	$0.2M	Form 4
May 19, 2026	Richard WongCFO	Sold	6,315	$16.35	$0.1M	Form 4
May 18, 2026	Artur BergmanChief Technology Officer, Director	Sold plan	32,181	$16.85	$0.5M	Form 4
May 18, 2026	Charles Lacey Compton IIICEO, Director	Sold plan	34,334	$16.85	$0.6M	Form 4
May 18, 2026	Richard WongCFO	Sold	3,592	$16.85	$0.1M	Form 4
May 18, 2026	Scott R. LovettPresident, Go to Market	Sold	14,843	$16.85	$0.3M	Form 4
Apr 17, 2026	Charles Lacey Compton IIICEO, Director	Sold plan	7,059	$24.57	$0.2M	Form 4
Apr 16, 2026	Charles Lacey Compton IIICEO, Director	Sold plan	22,474	$24.33	$0.5M	Form 4
Mar 18, 2026	Scott R. LovettPresident, Go to Market	Sold plan	41,682	$26.45	$1.1M	Form 4
Mar 17, 2026	Scott R. LovettPresident, Go to Market	Sold plan	34,953	$22.28	$0.8M	Form 4
Mar 11, 2026	Charles Lacey Compton IIICEO, Director	Sold plan	49,350	$25.00	$1.2M	Form 4
Mar 10, 2026	Artur BergmanChief Technology Officer, Director	Sold plan	265,000	$22.79	$6.0M	Form 4
Mar 9, 2026	Artur BergmanChief Technology Officer, Director	Sold plan	40,000	$21.07	$0.8M	Form 4
Mar 6, 2026	Richard Devon DanielsDirector	Sold	14,976	$20.89	$0.3M	Form 4
Mar 6, 2026	Richard WongCFO	Sold	5,494	$21.08	$0.1M	Form 4
Mar 5, 2026	Artur BergmanChief Technology Officer, Director	Sold plan	31,079	$20.69	$0.6M	Form 4
Mar 5, 2026	Charles Lacey Compton IIICEO, Director	Sold plan	36,694	$20.69	$0.8M	Form 4
Mar 4, 2026	Artur BergmanChief Technology Officer, Director	Sold	24,532	$21.06	$0.5M	Form 4
Mar 4, 2026	Charles Lacey Compton IIICEO, Director	Sold plan	73,206	$20.94	$1.5M	Form 4
Mar 4, 2026	Scott R. LovettPresident, Go to Market	Sold	73,715	$21.06	$1.6M	Form 4
Mar 3, 2026	Artur BergmanChief Technology Officer, Director	Sold plan	5,657	$20.30	$0.1M	Form 4
Mar 3, 2026	Charles Lacey Compton IIICEO, Director	Sold	13,244	$20.30	$0.3M	Form 4
Mar 3, 2026	Richard WongCFO	Sold	3,748	$20.30	$0.1M	Form 4
Mar 2, 2026	Artur BergmanChief Technology Officer, Director	Sold plan	275,234	$20.56	$5.7M	Form 4
Feb 27, 2026	Artur BergmanChief Technology Officer, Director	Sold	869	$17.50	$0.0M	Form 4
Feb 23, 2026	Artur BergmanChief Technology Officer, Director	Sold plan	40,000	$17.08	$0.7M	Form 4
Feb 19, 2026	Artur BergmanChief Technology Officer, Director	Sold plan	74,457	$19.45	$1.4M	Form 4
Feb 19, 2026	Charles Lacey Compton IIICEO, Director	Sold plan	14,797	$18.88	$0.3M	Form 4
Feb 18, 2026	Artur BergmanChief Technology Officer, Director	Sold	18,338	$17.53	$0.3M	Form 4
Feb 18, 2026	Charles Lacey Compton IIICEO, Director	Sold	12,916	$17.53	$0.2M	Form 4
Feb 18, 2026	Scott R. LovettPresident, Go to Market	Sold	6,573	$17.53	$0.1M	Form 4
Feb 17, 2026	Artur BergmanChief Technology Officer, Director	Sold plan	40,000	$17.53	$0.7M	Form 4
Feb 13, 2026	Artur BergmanChief Technology Officer, Director	Sold plan	220,975	$18.41	$4.1M	Form 4
Feb 12, 2026	Artur BergmanChief Technology Officer, Director	Sold plan	619,335	$16.09	$10.0M	Form 4
Feb 9, 2026	Artur BergmanChief Technology Officer, Director	Sold plan	20,000	$8.84	$0.2M	Form 4
Feb 2, 2026	Artur BergmanChief Technology Officer, Director	Sold plan	20,000	$9.36	$0.2M	Form 4
Jan 27, 2026	Artur BergmanChief Technology Officer, Director	Sold plan	49,320	$10.40	$0.5M	Form 4
Jan 26, 2026	Artur BergmanChief Technology Officer, Director	Sold plan	30,680	$9.92	$0.3M	Form 4
Jan 20, 2026	Artur BergmanChief Technology Officer, Director	Sold plan	20,000	$8.18	$0.2M	Form 4
Jan 20, 2026	Charles Lacey Compton IIICEO, Director	Sold plan	4,638	$8.81	$0.0M	Form 4
Jan 16, 2026	Charles Lacey Compton IIICEO, Director	Sold plan	9,044	$9.07	$0.1M	Form 4
Jan 12, 2026	Artur BergmanChief Technology Officer, Director	Sold plan	20,000	$9.35	$0.2M	Form 4
Jan 5, 2026	Artur BergmanChief Technology Officer, Director	Sold plan	40,000	$10.27	$0.4M	Form 4
Dec 29, 2025	Artur BergmanChief Technology Officer, Director	Sold plan	40,000	$10.23	$0.4M	Form 4
Dec 22, 2025	Artur BergmanChief Technology Officer, Director	Sold plan	40,000	$10.59	$0.4M	Form 4
Dec 17, 2025	Scott R. LovettPresident, Go to Market	Sold plan	42,118	$10.10	$0.4M	Form 4
Dec 16, 2025	Scott R. LovettPresident, Go to Market	Sold plan	34,517	$10.15	$0.4M	Form 4
Dec 15, 2025	Artur BergmanChief Technology Officer, Director	Sold plan	40,000	$10.50	$0.4M	Form 4
Dec 8, 2025	Artur BergmanChief Technology Officer, Director	Sold plan	40,000	$10.66	$0.4M	Form 4
Dec 2, 2025	Artur BergmanChief Technology Officer, Director	Sold plan	3,222	$12.51	$0.0M	Form 4
Dec 1, 2025	Artur BergmanChief Technology Officer, Director	Sold plan	41,080	$11.51	$0.5M	Form 4
Nov 28, 2025	Artur BergmanChief Technology Officer, Director	Sold plan	849	$11.82	$0.0M	Form 4
Nov 26, 2025	Charles Lacey Compton IIICEO, Director	Sold plan	14,944	$11.79	$0.2M	Form 4
Nov 24, 2025	Artur BergmanChief Technology Officer, Director	Sold plan	40,000	$11.43	$0.5M	Form 4
Nov 18, 2025	Artur BergmanChief Technology Officer, Director	Sold plan	62,828	$10.48	$0.7M	Form 4
Nov 18, 2025	Charles Lacey Compton IIICEO, Director	Sold	18,455	$10.23	$0.2M	Form 4
Nov 18, 2025	Scott R. LovettPresident, Go to Market	Sold	9,779	$10.23	$0.1M	Form 4
Nov 17, 2025	Artur BergmanChief Technology Officer, Director	Sold plan	40,000	$10.77	$0.4M	Form 4
Nov 12, 2025	Artur BergmanChief Technology Officer, Director	Sold plan	2,718	$12.51	$0.0M	Form 4
Nov 10, 2025	Artur BergmanChief Technology Officer, Director	Sold plan	40,000	$11.92	$0.5M	Form 4
Nov 6, 2025	Artur BergmanChief Technology Officer, Director	Sold plan	220,000	$10.67	$2.3M	Form 4
Nov 3, 2025	Artur BergmanChief Technology Officer, Director	Sold plan	20,000	$8.21	$0.2M	Form 4
Oct 27, 2025	Artur BergmanChief Technology Officer, Director	Sold plan	20,000	$8.34	$0.2M	Form 4
Oct 20, 2025	Artur BergmanChief Technology Officer, Director	Sold plan	20,000	$8.23	$0.2M	Form 4
Oct 16, 2025	Charles Lacey Compton IIICEO, Director	Sold	11,378	$8.41	$0.1M	Form 4
Oct 13, 2025	Artur BergmanChief Technology Officer, Director	Sold plan	20,000	$8.22	$0.2M	Form 4
Oct 6, 2025	Artur BergmanChief Technology Officer, Director	Sold plan	20,000	$8.76	$0.2M	Form 4
Sep 29, 2025	Artur BergmanChief Technology Officer, Director	Sold plan	20,000	$8.53	$0.2M	Form 4

Financial health

Can it carry its debts, and how well does it use its money?

Balance sheet

KIRA · Fastly, Inc. owes $0.1M more than it holds in cash.

Cash, debt and the ratios that show how comfortably Fastly, Inc. can carry it.

In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.

Cash vs debt (incl. leases)

FY17

Cash $31.3M

Debt —

FY18

Cash $83.6M

Debt $50.8M

FY19

Cash $131M

Debt $24.6M

FY20

Cash $194M

Debt $25.7M

FY21

Cash $528M

Debt $977M

FY22

Cash $518M

Debt $749M

FY23

Cash $323M

Debt $361M

FY24

Cash $296M

Debt $340M

FY25

Cash $362M

Debt $362M

Cash Debt

Fiscal year end	FY21	FY22	FY23	FY24	FY25
Cash and short-term investments	$528M	$518M	$323M	$296M	$362M
Debt incl. finance leases	$977M	$749M	$361M	$340M	$362M
Debt / equity	0.9x	0.7x	0.4x	0.3x	0.4x
Interest coverage	−41.8x	−41.8x	−48.9x	−61.1x	−9.4x
Current ratio	4.7x	4.2x	3.1x	4.2x	2.6x
Quick ratio	4.7x	4.2x	3.1x	4.2x	2.6x
Total assets	$2.2B	$1.9B	$1.5B	$1.5B	$1.5B
Total liabilities	$1.1B	$941M	$546M	$486M	$570M
Shareholders' equity	$1.0B	$955M	$979M	$965M	$930M
Net debt (− = net cash)	$449M	$231M	$38.1M	$44.1M	$0.1M

Returns on capital

KIRA · Its return on capital was −10.1%: every 100 invested in the business earned about −10 in a year.

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.

Return on capital, equity and assets (annual)

FY17

Return on capital —

Return on equity —

Return on assets —

FY18

Return on capital —

Return on equity —

Return on assets −19.0%

FY19

Return on capital −24.3%

Return on equity −82.0%

Return on assets −21.3%

FY20

Return on capital −9.8%

Return on equity −14.5%

Return on assets −12.5%

FY21

Return on capital −12.2%

Return on equity −21.5%

Return on assets −13.2%

FY22

Return on capital −17.0%

Return on equity −19.4%

Return on assets −9.4%

FY23

Return on capital −15.6%

Return on equity −13.8%

Return on assets −7.8%

FY24

Return on capital −13.2%

Return on equity −16.3%

Return on assets −10.6%

FY25

Return on capital −10.1%

Return on equity −12.8%

Return on assets −8.2%

Return on capital Return on equity Return on assets

Piotroski F-score

KIRA · Fastly, Inc. passes 5 of 9 financial health tests (Piotroski F-score).

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.

Test	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income is positive	✕	✕	✕	✕	✕	✕	✕	✕	✕
Cash from operations is positive	✕	✕	✕	✕	✕	✕	✓	✓	✓
Return on assets rose	—	—	✓	✓	✕	✓	✓	✕	✓
Cash from operations exceeds net income	✓	✓	✓	✓	✓	✓	✓	✓	✓
Debt fell relative to assets	—	—	✓	✓	✕	✓	✓	✕	✕
Current ratio rose	—	—	✓	✕	✓	✕	✕	✓	✕
Share count didn't rise	—	✕	✕	✕	✕	✕	✕	✕	✕
Gross margin rose	—	✓	✓	✓	✕	✕	✓	✓	✓
Revenue rose relative to assets	—	—	✕	✕	✕	✓	✓	✓	✓
F-score	— / 3	— / 5	5 / 9	4 / 9	2 / 9	4 / 9	6 / 9	5 / 9	5 / 9
Accruals ratio	—	−8.6%	−8.4%	−9.9%	−10.9%	−6.0%	−7.8%	−11.7%	−14.6%
Altman Z''	—	−2.53	5.69	6.59	0.97	0.66	0.59	0.60	0.12

All figures

Every number, year by year.

9 years of figures

Amounts in USD. Hover a ratio’s name for its definition.

In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.

Download CSV

Fiscal year	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Income statement
Revenue	$105M	$145M	$200M	$291M	$354M	$433M	$506M	$544M	$624M
Gross profit	$56.2M	$79.1M	$112M	$171M	$187M	$210M	$266M	$296M	$356M
Research and development	$29.0M	$34.6M	$46.5M	$74.8M	$127M	$155M	$152M	$138M	$163M
Operating income	−$31.0M	−$29.1M	−$46.5M	−$107M	−$219M	−$246M	−$198M	−$168M	−$119M
Interest expense	$1.1M	$1.8M	$5.2M	$1.5M	$5.2M	$5.9M	$4.1M	$2.7M	$12.7M
Pretax income	−$32.2M	−$30.8M	−$51.1M	−$107M	−$223M	−$191M	−$133M	−$155M	−$119M
Income tax	$0.2M	$0.2M	$0.5M	−$11.5M	$0.1M	$0.1M	−$0.2M	$2.6M	$2.5M
Net income	−$32.5M	−$30.9M	−$51.6M	−$95.9M	−$223M	−$191M	−$133M	−$158M	−$122M
Net income to common	—	—	—	—	—	−$191M	−$133M	−$158M	−$122M
Diluted EPS	−$1.39	−$1.27	−$0.75	−$0.93	−$1.92	−$1.57	−$1.03	−$1.14	−$0.83
Diluted shares	0.02B	0.02B	0.07B	0.10B	0.12B	0.12B	0.13B	0.14B	0.15B
Cash flow
Cash from operations	−$25.9M	−$17.0M	−$31.3M	−$19.9M	−$38.5M	−$69.6M	$0.4M	$16.4M	$94.4M
Capital expenditure	$12.1M	$16.7M	$14.6M	$29.6M	$34.8M	$20.0M	$11.0M	$10.3M	$28.7M
Free cash flow	−$38.0M	−$33.7M	−$45.9M	−$49.5M	−$73.3M	−$89.6M	−$10.6M	$6.1M	$65.8M
Depreciation and amortization	$9.6M	$13.4M	$16.6M	$20.0M	$28.8M	$42.6M	$51.6M	$54.0M	$61.0M
Stock-based compensation	$2.8M	$4.1M	$12.1M	$64.4M	$140M	$146M	$136M	$108M	$117M
Acquisitions	—	$0.0M	$0.0M	$201M	$1.2M	$25.9M	$0.0M	$0.0M	—
Balance sheet
Cash and short-term investments	$31.3M	$83.6M	$131M	$194M	$528M	$518M	$323M	$296M	$362M
Total debt	—	$50.8M	$24.6M	$0.0M	$933M	$705M	$344M	$338M	$362M
Finance lease liabilities	—	—	—	$25.7M	$43.4M	$44.5M	$17.3M	$2.3M	—
Current assets	—	$117M	$249M	$261M	$625M	$636M	$464M	$440M	$507M
Current liabilities	—	$31.8M	$37.1M	$94.1M	$132M	$152M	$148M	$104M	$194M
Property and equipment, net	—	$42.4M	$60.0M	$96.0M	$167M	$180M	—	—	—
Goodwill	$0.4M	$0.4M	$0.4M	$636M	$637M	$670M	$670M	$670M	$670M
Intangible assets	—	$0.6M	$1.1M	$122M	$103M	$82.9M	$62.5M	$42.9M	$25.8M
Total assets	—	$163M	$321M	$1.2B	$2.2B	$1.9B	$1.5B	$1.5B	$1.5B
Total liabilities	—	$75.1M	$63.3M	$158M	$1.1B	$941M	$546M	$486M	$570M
Shareholders' equity	−$107M	−$132M	$258M	$1.1B	$1.0B	$955M	$979M	$965M	$930M
Margins
Gross margin	53.6%	54.7%	55.9%	58.7%	52.9%	48.5%	52.6%	54.4%	57.1%
Operating margin	−29.6%	−20.2%	−23.2%	−36.9%	−61.8%	−56.9%	−39.1%	−30.9%	−19.1%
EBITDA margin	−20.4%	−10.9%	−15.0%	−30.0%	−53.7%	−47.1%	−28.9%	−21.0%	−9.3%
Net margin	−30.9%	−21.4%	−25.7%	−33.0%	−62.9%	−44.1%	−26.3%	−29.1%	−19.5%
FCF margin	−36.2%	−23.3%	−22.9%	−17.0%	−20.7%	−20.7%	−2.1%	1.1%	10.5%
Returns
Return on capital	—	—	−24.3%	−9.8%	−12.2%	−17.0%	−15.6%	−13.2%	−10.1%
Return on capital employed	—	−22.2%	−16.4%	−9.5%	−10.8%	−14.1%	−14.4%	−12.5%	−9.1%
Return on equity	—	—	−82.0%	−14.5%	−21.5%	−19.4%	−13.8%	−16.3%	−12.8%
Return on assets	—	−19.0%	−21.3%	−12.5%	−13.2%	−9.4%	−7.8%	−10.6%	−8.2%
Return on tangible equity	—	—	−20.1%	−31.5%	−81.1%	−94.4%	−54.0%	−62.7%	−52.1%
Growth
Revenue growth	—	37.8%	38.7%	45.1%	21.8%	22.1%	16.9%	7.4%	14.8%
FCF growth	—	—	—	—	—	—	—	—	982.1%
Share count change	—	4.2%	180.4%	51.5%	12.1%	4.9%	5.8%	7.2%	6.4%
Financial health
Debt / equity	—	—	0.1x	0.0x	0.9x	0.7x	0.4x	0.3x	0.4x
Interest coverage	−27.8x	−16.1x	−8.9x	−69.2x	−41.8x	−41.8x	−48.9x	−61.1x	−9.4x
Current ratio	—	3.7x	6.7x	2.8x	4.7x	4.2x	3.1x	4.2x	2.6x
Quick ratio	—	3.7x	6.7x	2.8x	4.7x	4.2x	3.1x	4.2x	2.6x
Capital allocation
Capex / revenue	11.5%	11.6%	7.3%	10.2%	9.8%	4.6%	2.2%	1.9%	4.6%
Stock comp / revenue	2.7%	2.8%	6.1%	22.2%	39.6%	33.7%	26.9%	19.9%	18.8%
Quality scores
Piotroski F-score	—	—	5.0	4.0	2.0	4.0	6.0	5.0	5.0
Altman Z''	—	−2.5	5.7	6.6	1.0	0.7	0.6	0.6	0.1
Accruals ratio	—	−8.6%	−8.4%	−9.9%	−10.9%	−6.0%	−7.8%	−11.7%	−14.6%

Source: SEC EDGAR XBRL filings (CIK 0001517413). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

Fastly, Inc.

What Fastly, Inc. does

Filing details

Earnings calendar · Fastly, Inc.

KIRA’s summary AI analyst

1.Sales and profit

2.Cash and shareholders

3.Financial health

Fastly, Inc. in 30 seconds

Key numbers, fiscal 2025

Revenue

Operating margin

Net income

Free cash flow

Return on capital

Sales and profit

Revenue and margins

Net income and earnings per share

Cash and shareholders

Cash flow

Dividends, buybacks and share count

Insider trades

Financial health

Balance sheet

Returns on capital

Piotroski F-score

All figures

9 years of figures