FSLYNasdaqServices-Prepackaged SoftwareFiscal year ends December 31
Fastly, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$22.99+0.52 (+2.31%)
Close on Oct 19, 2026
- Market cap
- $3.62B
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2016 to 2025
Gross margin
57.1%−1.7 pts over 5 years
Operating margin
-19.1%+17.8 pts over 5 years
Net margin
-19.5%+13.5 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +14.8% | +13.0% | +16.5% | – | |
| Gross profit | +20.4% | +19.3% | +15.8% | – | |
| Free cash flow | +982.1% | – | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | -14.5% | -12.8% | |
| Return on assets | – | -12.5% | -8.2% | |
| Current ratio | – | 2.78 | 2.61 | |
| Debt to equity | – | 0.00 | 0.39 | |
| Net debt to EBITDA | – | 0.73× | – | |
| Interest coverage | – | -69.2× | -9.4× | |
| Capex to revenue | – | 10.2% | 4.6% | |
| Diluted shares | – | 104M | 147M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Fastly generated $219.33M from operations and spent $104.79M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$219.33M
Used
$104.79M
Capital expenditure$104.79M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-19.5%
×Asset turnover0.42×
×Equity multiplier1.56×
=Return on equity, FY2025-12.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -19.5% | 0.42× | 1.56× | -12.8% |
| FY2024 | -29.1% | 0.37× | 1.53× | -16.3% |
| FY2023 | -26.3% | 0.30× | 1.77× | -13.8% |
| FY2022 | -44.1% | 0.21× | 2.06× | -19.4% |
| FY2021 | -62.9% | 0.21× | 1.63× | -21.5% |
| FY2020 | -33.0% | 0.38× | 1.17× | -14.5% |
| FY2019 | -25.7% | 0.83× | 3.85× | -82.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$121.68M
- Cash generatingOperating cash flow above zero$94.44M
- Return on assets improvedROA up on the prior year-10.4% → -8.4%
- Earnings backed by cashOperating cash flow above net income$94.44M vs -$121.68M
- Less leverageLong-term debt to assets fell23.3% → 21.6%
- Better liquidityCurrent ratio rose4.21 → 2.61
- No dilutionShare count did not rise138M → 147M
- Gross margin improvedGross margin up on the prior year54.43% → 57.08%
- More efficientAsset turnover rose0.36 → 0.43