Fastly, Inc.

FSLY Technology Software Application

Fastly, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $624.0 million, up 14.8% from fiscal 2024.

Revenue
+20.2%
EPS
+65.0%
Free cash flow
+120.0%
Total debt
−4.09%

Quarter to September 2026, against a year earlier

16.01 0.63 +4.10%
Market cap
$2.5B
P/E
0.0×
Fwd P/E
−52.8×
Dividend yield
—
F-score
6/9
Altman Z
0.94
Beneish M
−3.20
Dividend safety
n/a

Insider Decisions last twelve months

Sold, $m 86.10
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 6 5 11 13 1 10 4 1 13 15 4 —
Insider Ownership 6.84%

Capital & Financial Ratios $m

Size
Market Cap 2,450.00
Revenue ttm 719.14
Net income ttm (62.87)
Free cash flow ttm 130.62
Net debt Q (40.92)
Valuation
P/E 0.00
Forward P/E (52.80) (negative: loss-making)
Price / sales 3.56
Forward P/S Powerpack
Price / FCF 59.00
Price / book 2.55
Financial health
Current ratio Q 3.07 (at or above 1.5: strong)
Debt / equity Q 0.32 (at or below 0.5: strong)
Interest coverage Q (3.40)
Growth
Revenue growth Q +20.21% (above 0%: growing)
Operating income growth Q +60.84% (above 0%: growing)
EPS, this year +376.88% (at or above 15%: strong)
EPS, next year A +13.74%
Revenue, next year A +18.75% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +90.87% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/S against its own 10 years 34.16%
10-year low 10-year high
P/B against its own 10 years 51.95%
10-year low 10-year high
EV/Sales against its own 10 years 30.97%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 323 296 362 365
Receivables 120 116 118 115
Inventory — — — —
Other — — — —
464 440 507 508
2023 2024 2025 Q'26
Payables 6 6 18 17
ST’ Debt — — 39 —
Other 41 3 7 14
148 104 194 166

Compound Annual Growth %

10y 5y 3y
Sales — 16.49% 12.98%
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — (2.63%) (0.90%)

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 (0.13) (0.10) (0.07) — —
’25 (0.27) (0.26) (0.20) (0.10) (0.83)
’24 (0.32) (0.32) (0.27) (0.23) (1.14)
’23 (0.36) (0.08) (0.42) (0.18) (1.03)
’22 (0.54) (0.14) (0.52) (0.38) (1.57)
’21 (0.44) (0.51) (0.48) (0.49) (1.92)
’20 (0.13) (0.14) (0.22) (0.40) (0.93)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 173 183 190 — —
’25 144 149 158 173 624
’24 134 132 137 141 544
’23 118 123 128 138 506
’22 102 103 109 119 433
’21 85 85 87 98 354
’20 63 75 71 83 291
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 29 39 40 — —
’25 17 26 29 22 94
’24 11 (5) 5 5 16
’23 (9) 25 (8) (7) 0
’22 (13) (17) (28) (12) (70)
’21 (11) (17) (3) (8) (38)
’20 (7) (9) 27 (31) (20)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 4 4 40 — —
’25 10 11 18 9 48
’24 3 (14) (4) (5) (21)
’23 (17) 14 (14) (16) (32)
’22 (19) (57) (37) (36) (149)
’21 (20) (24) (30) (14) (88)
’20 (19) (13) 14 (39) (57)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — 105 145 200 291 354 433 506 544 624 719 +25.0% 741 855 975 +16.0%
Gross margin, % — 53.60 54.69 55.94 58.74 52.87 48.48 52.64 54.43 57.08 62.64 +3.5 pt
EBT — (32) (31) (51) (107) (223) (191) (133) (155) (119) (67) +17.8%
EBT margin, % — (30.74) (21.27) (25.47) (36.93) (62.83) (44.06) (26.35) (28.59) (19.10) (9.25) +11.6 pt
Net income — (32) (31) (52) (96) (223) (191) (133) (158) (122) (63) +18.0%
Per share, $
Per share, $ Revenue — 4.48 5.93 2.93 2.81 3.05 3.56 3.93 3.94 4.25 4.50 (0.7%)
Earnings — (1.39) (1.27) (0.75) (0.93) (1.92) (1.57) (1.03) (1.14) (0.83) (0.40) (6.2%)
Cash flow — (1.11) (0.70) (0.46) (0.19) (0.33) (0.57) 0.00 0.12 0.64 0.82 n/m
Capex — (0.57) (0.81) (0.29) (0.36) (0.43) (0.66) (0.25) (0.27) (0.32) 0.00 (7.1%)
Free cash flow — (1.67) (1.50) (0.75) (0.55) (0.76) (1.23) (0.25) (0.15) 0.33 0.82 n/m
Book value — 0.00 3.60 3.77 10.25 8.74 7.85 7.61 6.99 6.33 6.27 n/m
Shares, m — 23 24 68 104 116 122 129 138 147 155 +25.8%
Valuation, ×
Valuation, × P/E — 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0
P/S — 0.00 0.00 6.84 31.10 11.61 2.27 4.45 2.40 2.40 3.56 6.8
P/B — 0.00 0.00 5.32 8.52 4.06 1.03 2.30 1.35 1.61 2.55 2.7
EV/Sales — 0.00 0.00 5.98 30.59 12.93 2.86 4.58 2.55 2.40 3.56 6.9
EV/FCF — (11.78) (11.78) (23.34) (156.53) (51.91) (8.17) (68.21) (60.60) 32.48 58.94 (40.0)
Cash, $m
Cash, $m Operating cash flow — (26) (17) (31) (20) (38) (70) 0 16 94 131 n/m
Capex — (13) (20) (20) (37) (50) (80) (32) (37) (46) (85) +16.9%
Free cash flow — (39) (37) (51) (57) (88) (149) (32) (21) 48 131 n/m
Balance, $m
Balance, $m Working capital — 58 86 212 167 493 484 316 336 313 342 +23.4%
Net debt — (24) (33) (172) (149) 469 254 22 42 0 (41) n/m
Shareholders’ equity — — 88 258 1,062 1,014 955 979 965 930 1,004 +40.1%
Returns, %
Returns, % ROA — (23.26) (38.01) (21.31) (12.45) (13.18) (9.41) (7.78) (10.62) (8.25) (4.17) +15.0 pt
ROIC — 0.00 (33.22) (33.98) (7.34) (9.23) (12.72) (12.35) (10.42) (8.00) (4.20) (8.0) pt
ROE — 27.15 25.89 (82.00) (14.54) (21.46) (19.38) (13.76) (16.25) (12.84) (6.48) (40.0) pt
People
People Employees — — 489 630 939 976 1,112 1,207 1,100 1,140 — +12.9%
Revenue/emp, $m — 0.00 0.30 0.32 0.31 0.36 0.39 0.42 0.49 0.55 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 4 Nov 2026

Fastly, Inc. vs peers in Software Application (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
NATL NCR Atleos Corporation $3.5B 13.0× 9.3× −1.96% (below 0%: shrinking) +275.03% (above 0%: growing) +3,800.00% (above 0%: growing) 25.75% 16.65% Compare
INTA Intapp, Inc. $3.4B — (loss-making) — (loss-making) +15.99% (above 0%: growing) n/m +138.52% (above 0%: growing) 77.89% (0.66%) Compare
AGYS Agilysys, Inc. $3.4B 75.8× 66.4× +17.73% (above 0%: growing) +11.48% (above 0%: growing) −1.19% (below 0%: shrinking) 64.60% 16.33% Compare
FRSH Freshworks Inc. $3.3B 17.2× 113× +14.09% (above 0%: growing) n/m +27.04% (above 0%: growing) 85.33% 11.50% Compare
ALRM Alarm.com Holdings, Inc. $3.3B 28.2× 30.7× +8.99% (above 0%: growing) −1.41% (below 0%: shrinking) +5.51% (above 0%: growing) 66.84% 15.69% Compare
VIA Via Transportation Inc. $3.1B — (loss-making) — (loss-making) +26.67% (above 0%: growing) n/m +28.02% (above 0%: growing) 40.98% (16.03%) Compare
SPSC SPS Commerce, Inc. $2.9B 36.4× 35.4× +4.08% (above 0%: growing) +27.57% (above 0%: growing) +7.23% (above 0%: growing) 71.11% 20.20% Compare
BULL Webull Corporation $2.6B 48.5× — +51.21% (above 0%: growing) n/m −454,633.33% (below 0%: shrinking) 77.70% 22.86% Compare
FSLY Fastly, Inc. $2.5B — (loss-making) — (loss-making) +20.21% (above 0%: growing) n/m +120.03% (above 0%: growing) 63.31% (5.93%)
Median of peers $3.3B 32.3× 35.4× +15.04% +19.53% +17.14% 68.98% 16.01%

All 230 Software Application stocks →

Pay and ownership Proxy statement filed 22 April 2026

Ownership

Directors and executive officers, together 4.20%
Entities Affiliated with Vanguard 10.30%
Entities Affiliated with Blackrock 7.30%
Entities Affiliated with Morgan Stanley 5.20%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Fastly, Inc. (FSLY) Latest News

6 Nov

26 Oct

Impact 4 · · Simply Wall St.

FSLY metrics, ten years each

stockrow.com/FSLY · Data as of Nov 4, 2026 · For information only; not investment advice. · © 2026 stockrow.com