Fastly, Inc. FSLY R2KAI
Fastly, 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. The company offers network services to speed up and optimize the delivery of web and application traffic; content delivery network, such as dynamic site acceleration, origin shield, instant purge, surrogate keys, programmatic control, content compression, reliability features, fanout, domainr, modern protocols and performance services; staging environment; and video/ streaming solutions and services, including live streaming, live event monitoring, video on demand, cache reservation, and media shield. It also provides security solutions, such as DDoS protection, next-gen WAF, bot management, API and ATO protection, advanced rate limiting, privacy, and compliance services; load balancing; image optimization; and origin connect. In addition, the company offers professional services comprising managed and response security services; managed CDN; and support plans services. It serves customers operating in ecommerce, streaming media, gaming, digital publishing, and high tech to 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.
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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Compounding revenue at 13.0% over 5 years.
- Profit CAGR of 12.1% over 5 years.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Trading 47.0% below its 52-week high.
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | FSLY Fastly, Inc. R2KAI | 17.76 | - | $2.78B | - | -8.16% | -10.66% | 12.98% | 12.07% |
| 2 | NVDA NVIDIA Corporation NDXSPXAI | 211.14 | 32.38 | $5.11T | 0.47% | 81.14% | 114.29% | 100.05% | 201.80% |
| 3 | AAPL Apple Inc. NDXSPX | 312.06 | 37.73 | $4.58T | 0.35% | 68.72% | 141.47% | 1.81% | 3.92% |
| 4 | MSFT Microsoft Corporation NDXSPXAI | 450.24 | 26.82 | $3.34T | 0.81% | 26.37% | 34.01% | 12.42% | 11.87% |
| 5 | TSM Taiwan Semiconductor Manufacturing Company Limited AI | 418.45 | 35.86 | $2.17T | 0.91% | 32.04% | 36.21% | 18.94% | 19.57% |
| 6 | MU Micron Technology, Inc. NDXSPXAI | 971.00 | 45.87 | $1.10T | 0.06% | 14.20% | 39.82% | 6.71% | -0.57% |
| 7 | AMD Advanced Micro Devices, Inc. NDXSPXAI | 516.10 | 172.61 | $841.55B | - | 6.33% | 8.06% | 13.64% | 48.64% |
| 8 | ORCL Oracle Corporation SPXAI | 225.78 | 40.46 | $649.35B | 0.89% | 13.07% | 57.57% | 10.59% | 22.81% |
| 9 | ASML ASML Holding N.V. NDXAI | 1,612.76 | 53.76 | $621.59B | 0.54% | 43.81% | 52.24% | 15.55% | 19.55% |
Quarterly Results
Figures in USD.
| Metric | Jun 2018 | Sep 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 34.45M | 36.82M | 45.56M | 46.17M | 49.80M | 62.92M | 74.66M | 70.64M | 84.85M | 85.03M | 86.73M | 102.38M | 102.52M | 108.50M | 117.56M | 122.83M | 127.82M | 133.52M | 132.37M | - | - | 144.47M | 148.71M | 158.22M | 172.61M | 173.02M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 67.68M | 67.59M | 65.89M | 66.65M | 64.84M |
| Gross Profit | 18.75M | 20.11M | 25.84M | 25.39M | 27.50M | 35.66M | 44.97M | 41.35M | 47.36M | 44.71M | 45.49M | 48.47M | 46.05M | 52.68M | 60.25M | 64.21M | 66.09M | 73.23M | 72.90M | - | - | 76.80M | 81.12M | 92.33M | 105.96M | 108.18M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 114.98M | 117.64M | 121.12M | 121.05M | 132.08M |
| Operating Income | -5.45M | -7.72M | -8.08M | -11.68M | -12.76M | -11.98M | -14.44M | -23.45M | -49.96M | -57.47M | -54.93M | -63.00M | -68.97M | -65.77M | -47.27M | -49.83M | -58.34M | -46.26M | -46.73M | - | - | -38.18M | -36.53M | -28.79M | -15.09M | -23.89M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -15.22M | -13.98M | -5.37M | 5.92M | -7.18M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.17M | 3.16M | 3.16M | 3.20M | 3.31M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -38.46M | -36.98M | -28.92M | -14.82M | -24.65M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 691.00K | 557.00K | 559.00K | 681.00K | -4.13M |
| Net Income | -5.84M | -8.49M | -9.73M | -15.59M | -12.16M | -11.99M | -14.46M | -23.78M | -50.68M | -58.30M | -56.20M | -64.26M | -16.44M | -63.42M | -44.69M | -10.70M | -54.31M | -43.43M | -43.73M | - | - | -39.15M | -37.54M | -29.48M | -15.51M | -20.52M |
| Diluted EPS | - | - | - | - | - | - | -0.14 | -0.22 | -0.44 | -0.51 | -0.48 | -0.54 | -0.14 | -0.52 | -0.36 | -0.08 | -0.42 | -0.32 | -0.32 | - | - | -0.27 | -0.26 | -0.20 | -0.10 | -0.13 |
| R&D Expense | 8.10M | 9.23M | 10.18M | 11.24M | 12.12M | 14.30M | 16.66M | 18.27M | 28.99M | 30.35M | 32.53M | 40.44M | 38.72M | 38.96M | 37.43M | 37.42M | 39.07M | 38.25M | 35.11M | 31.88M | - | 37.43M | 42.22M | 41.42M | - | 41.97M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 104.90M | 144.56M | 200.46M | 290.87M | - | 432.73M | 505.99M | 543.68M | 624.02M |
| Cost of Revenue | - | - | - | - | - | 222.94M | 239.66M | 247.74M | 267.81M |
| Gross Profit | 56.23M | 79.06M | 112.14M | 170.87M | - | 209.78M | 266.33M | 295.94M | 356.20M |
| Operating Expenses | - | - | - | - | - | 455.98M | 460.04M | 449.99M | 474.79M |
| Operating Income | -31.03M | -29.14M | -46.55M | -107.21M | - | -246.20M | -193.71M | -154.05M | -118.58M |
| EBITDA | - | - | - | - | - | -120.48M | -57.23M | -79.07M | -28.64M |
| Interest Expense | - | - | - | - | - | 5.89M | 4.05M | 2.75M | 12.70M |
| Pretax Income | - | - | - | - | - | -190.68M | -133.31M | -155.45M | -119.19M |
| Tax Provision | - | - | - | - | - | 94.00K | -221.00K | 2.60M | 2.49M |
| Net Income | -32.45M | -30.93M | -51.55M | -95.93M | - | -190.77M | -133.09M | -158.06M | -121.68M |
| Diluted EPS | - | - | -0.75 | -0.93 | - | -1.57 | -1.03 | -1.14 | -0.83 |
| R&D Expense | 28.99M | 34.62M | 46.49M | 74.81M | 126.86M | 155.31M | 152.19M | 137.98M | 162.66M |
Compounded Sales Growth
| 5 Years: | 12.98% |
| 1 Year: | 19.80% |
Compounded Profit Growth
| 5 Years: | 12.07% |
| 1 Year: | - |
Stock Price Performance
| 1 Year: | +144.02% |
| 6 Months: | +43.96% |
| 3 Months: | -7.09% |
| 1 Month: | -32.68% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 162.75M | 320.97M | 1.22B | - | 1.90B | 1.53B | 1.45B | 1.50B |
| Current Assets | - | - | - | - | - | - | 636.48M | 463.67M | 440.19M | 506.71M |
| Cash & Equivalents | - | 31.31M | 36.96M | 16.14M | 62.90M | - | 143.39M | 107.92M | 286.18M | 180.56M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Receivables | - | - | - | - | - | - | 89.58M | 120.50M | 115.99M | 118.03M |
| Total Liabilities | - | - | 75.10M | 63.32M | 158.09M | - | 940.96M | 545.70M | 486.11M | 569.90M |
| Current Liabilities | - | - | 31.75M | 37.12M | 94.09M | - | 152.32M | 147.69M | 104.46M | 194.00M |
| Long Term Debt | - | - | - | 20.08M | 0 | - | 704.71M | 343.51M | 337.61M | 323.28M |
| Total Debt | - | - | - | - | - | - | 833.54M | 433.32M | 404.66M | 430.19M |
| Total Equity | -78.25M | -107.01M | -131.93M | 257.65M | 1.06B | - | 955.16M | 979.49M | 965.25M | 929.58M |
| Shares Outstanding | - | - | - | - | - | - | 124.34M | 132.99M | 142.09M | 151.54M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -25.86M | -16.98M | -31.30M | -19.92M | - | -69.63M | 362.00K | 16.41M | 94.44M |
| Investing Cash Flow | -15.78M | -47.11M | -87.68M | -275.02M | - | 235.75M | 294.94M | 178.90M | -213.03M |
| Financing Cash Flow | 55.41M | 69.64M | 168.15M | 272.74M | - | -189.15M | -331.38M | -17.10M | 12.76M |
| Capital Expenditure | -12.10M | -16.70M | -14.61M | -29.57M | - | -80.32M | -32.27M | -37.21M | -46.35M |
| Free Cash Flow | -37.96M | -33.69M | -45.91M | -49.48M | - | -149.95M | -31.91M | -20.81M | 48.09M |
| Net Change in Cash | - | - | - | - | - | -23.03M | -36.08M | 178.21M | -105.83M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | 53.6% | 54.7% | 55.9% | 58.7% | - | 48.5% | 52.6% | 54.4% | 57.1% |
| Operating Margin % | -29.6% | -20.2% | -23.2% | -36.9% | - | -56.9% | -38.3% | -28.3% | -19.0% |
| Net Margin % | -30.9% | -21.4% | -25.7% | -33.0% | - | -44.1% | -26.3% | -29.1% | -19.5% |
| ROE % | 30.3% | 23.4% | -20.0% | -9.0% | - | -20.0% | -13.6% | -16.4% | -13.1% |
| ROCE % | - | -22.2% | -16.4% | -9.5% | - | -14.1% | -14.1% | -11.4% | -9.1% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 8.33% | 12.44M | $220.97M |
| 2 | Vanguard Portfolio Management LLC | 7.37% | 11.02M | $195.73M |
| 3 | FMR, LLC | 5.78% | 8.64M | $153.43M |
| 4 | Legal & General Group PLC | 5.39% | 8.06M | $143.18M |
| 5 | First Trust Advisors LP | 4.71% | 7.03M | $124.92M |
| 6 | Vanguard Capital Management LLC | 4.01% | 6.00M | $106.54M |
| 7 | Two Sigma Investments, LP | 3.76% | 5.61M | $99.74M |
| 8 | Voya Investment Management LLC | 2.63% | 3.93M | $69.82M |
| 9 | Capital World Investors | 2.51% | 3.75M | $66.70M |
| 10 | Geode Capital Management, LLC | 2.39% | 3.58M | $63.56M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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