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Technology · Software - Application · United States · Updated May 11, 11:01am
$19.36
Price
$3.0B
Market Cap
1,100
Employees
0.49
Beta
Charles Compton
CEO
Business Description
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. It is a programmable platform designed for web and application delivery. The company offers Compute@Edge; developer hub that includes solution library patterns and recipes, API and language references, change logs, and Fastly Fiddle solutions; device detection and geolocation, edge dictionaries, edge access control lists, and edge authentication services; full site delivery services, such as dynamic site acceleration, origin shield, instant purge, surrogate keys, real-time logging and stats, cloud optimizer, programmatic control, edge databases, content compression, reliability, and modern protocols and performance services; and streaming solutions and services, including live streaming, media shield, and origin connect. It also provides edge security solutions, such as DDoS protection and cloud, edge web application firewall (WAF), transport layer security (TLS), platform TLS, and compliance services; unified web application and API protection solutions that includes runtime self-application protection, advanced rate limiting, API and ATO protection, account takeover protection, bot protection, and next generation WAF. In addition, the company offers edge applications, such as load balancers and image optimizers; video on demand; and managed edge delivery services. It serves customers operating in digital publishing, media and entertainment, technology, online retail, travel and hospitality, and 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.
Business History
Price Overview
Last updated: May 11, 2026 1:53pm (just now)$19.10
-1.41 (-6.88%)
Day Range
$19.06 – $21.59
52-Week Range
$6.29 – $34.82
50-Day MA
$25.64
200-Day MA
$13.57
Volume
10,765,505.85
Analyst Price Targets
Low
$13.00
Consensus
$23.43
High
$32.00
(27 analysts)
Share Structure
Outstanding
156,500,000.00
Float
143,042,252.00
Free Float
91.4%
High free float
— 91.4% of shares trade freely, ~8.6% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
-23.32
Stock Price: $19.36
EPS (Diluted): -0.83
EPS (Diluted): -0.83
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
1.61
Stock Price: $19.36
Total Equity: $929.58M
Shares: 146,902,000
Total Equity: $929.58M
Shares: 146,902,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
-759.05
Market Cap: $3.03B
Total Debt: $361.84M
Cash: $180.56M
EBITDA: -$9.27M
Total Debt: $361.84M
Cash: $180.56M
EBITDA: -$9.27M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$1.7B
Market Cap: $3.03B
Total Debt: $361.84M
Cash: $180.56M
Total Debt: $361.84M
Cash: $180.56M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
57.1%
Gross Profit: $356.20M
Revenue: $624.02M
Revenue: $624.02M
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
-18.9%
Operating Income: -$117.80M
Revenue: $624.02M
Revenue: $624.02M
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
-19.5%
Net Income: -$121.68M
Revenue: $624.02M
Revenue: $624.02M
ROE (Profit from shareholder equity)
APINet Income / Total Equity
-10.9%
Net Income: -$121.68M
Total Equity: $929.58M
Total Equity: $929.58M
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
-7.4%
Operating Income: -$117.80M
Tax Rate: -2.1%
Equity: $929.58M
Total Debt: $361.84M
Cash: $180.56M
Tax Rate: -2.1%
Equity: $929.58M
Total Debt: $361.84M
Cash: $180.56M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
2.61
Current Assets: $506.71M
Current Liabilities: $194.00M
Current Liabilities: $194.00M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.39
Short-Term Debt: $38.56M
Long-Term Debt: $323.28M
Total Debt: $361.84M
Total Equity: $929.58M
Long-Term Debt: $323.28M
Total Debt: $361.84M
Total Equity: $929.58M
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$4.25
Revenue: $624.02M
Shares: 146,902,000
Shares: 146,902,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$6.33
Total Equity: $929.58M
Shares: 146,902,000
Shares: 146,902,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$0.45
Operating CF: $94.44M
CapEx: -$28.69M
Shares: 146,902,000
CapEx: -$28.69M
Shares: 146,902,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $19.36
Stock Price: $19.36
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$121.68M
Net Income: -$121.68M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares FSLY against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Last run: Apr 23, 2026 10:34:54 am
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
Not applicable for Pre Profit Growth companies
4b
Earnings Power Value
— Floor value — worth with zero growth
Not applicable for Pre Profit Growth companies
4c
Anchored PE
— Industry PE adjusted for growth differential
Not applicable for Pre Profit Growth companies
4d
Reverse DCF
— What growth is the market pricing in?
Not applicable for Pre Profit Growth companies
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
Not applicable for Pre Profit Growth companies
4i
Book Value Analysis
— For deep value / turnaround stocks only
Not applicable for Pre Profit Growth companies
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $354.3M | $432.7M | $506.0M | $543.7M | $624.0M |
| Cost of Revenue | $167.0M | $222.9M | $239.7M | $247.7M | $267.8M |
| Gross Profit | $187.3M | $209.8M | $266.3M | $295.9M | $356.2M |
| Operating Expenses | $406.3M | $456.0M | $464.4M | $463.9M | $474.8M |
| Operating Income | -$219.0M | -$246.2M | -$198.0M | -$167.9M | -$117.8M |
| Net Income | -$222.7M | -$190.8M | -$133.1M | -$158.1M | -$121.7M |
| EBITDA | -$167.3M | -$120.5M | -$19.0M | -$79.1M | -$9.3M |
| EPS | $-1.92 | $-1.57 | $-1.03 | $-1.14 | $-0.83 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $166.1M | $143.4M | $107.9M | $286.2M | $180.6M |
| Total Current Assets | $624.6M | $636.5M | $463.7M | $440.2M | $506.7M |
| Total Assets | $2.2B | $1.9B | $1.5B | $1.5B | $1.5B |
| Current Liabilities | $131.9M | $152.3M | $147.7M | $104.5M | $194.0M |
| Long-Term Debt | $933.2M | $704.7M | $343.5M | $337.6M | $323.3M |
| Total Liabilities | $1.1B | $941.0M | $545.7M | $486.1M | $569.9M |
| Total Equity | $1.0B | $955.2M | $979.5M | $965.3M | $929.6M |
| Retained Earnings | -$510.9M | -$701.7M | -$834.8M | -$992.8M | -$1.1B |
Cash Flow (Annual)
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$38.5M | -$69.6M | $362,000 | $16.4M | $94.4M |
| Capital Expenditure | -$50.4M | -$80.3M | -$32.3M | -$37.2M | -$28.7M |
| Free Cash Flow | -$88.9M | -$150.0M | -$31.9M | -$20.8M | $65.8M |
| Acquisitions (net) | -$1.2M | -$25.9M | $0 | -$3.8M | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $103.1M | -$23.4M | -$35.5M | $178.1M | -$105.6M |
Analyst Estimates (Annual)
| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$799.6M $776.8M – $822.9M
|
$884.1M $884.1M – $884.1M
|
$938.6M $923.0M – $957.4M
|
$1.0B $984.6M – $1.0B
|
| EBITDA |
$270.1M $262.4M – $278.0M
|
$298.7M $298.7M – $298.7M
|
$317.1M $311.8M – $323.5M
|
$338.3M $332.6M – $345.1M
|
| Net Income |
$62.7M $50.1M – $75.2M
|
$69.4M $67.7M – $71.0M
|
$77.9M $76.2M – $79.9M
|
$83.7M $81.9M – $85.9M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +22.1% | +16.9% | +7.4% | +14.8% |
| Gross Profit Growth | +12.0% | +27.0% | +11.1% | +20.4% |
| Operating Income Growth | -12.4% | +19.6% | +15.2% | +29.8% |
| Net Income Growth | +14.3% | +30.2% | -18.8% | +23.0% |
| EBITDA Growth | +28.0% | +84.2% | -316.0% | +88.3% |
Insider Trading (Recent)
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-04-16 | Compton Charles Lacey III | S-Sale | 11,042.00 | $25.00 | $276,050 |
| 2026-04-16 | Compton Charles Lacey III | S-Sale | 11,432.00 | $23.69 | $270,824 |
| 2026-04-17 | Compton Charles Lacey III | S-Sale | 6,659.00 | $24.52 | $163,279 |
| 2026-04-17 | Compton Charles Lacey III | S-Sale | 400.00 | $25.40 | $10,160 |
| 2026-03-17 | Lovett Scott R. | S-Sale | 34,953.00 | $22.28 | $778,753 |
| 2026-03-18 | Lovett Scott R. | S-Sale | 6,409.00 | $24.86 | $159,328 |
| 2026-03-18 | Lovett Scott R. | S-Sale | 7,691.00 | $25.63 | $197,120 |
| 2026-03-18 | Lovett Scott R. | S-Sale | 11,782.00 | $26.71 | $314,697 |
| 2026-03-18 | Lovett Scott R. | S-Sale | 15,800.00 | $27.30 | $431,340 |
| 2026-03-11 | Compton Charles Lacey III | S-Sale | 49,350.00 | $25.00 | $1.2M |
| 2026-03-09 | Bergman Artur | S-Sale | 6,956.00 | $20.16 | $140,233 |
| 2026-03-09 | Bergman Artur | S-Sale | 25,554.00 | $21.13 | $539,956 |
| 2026-03-09 | Bergman Artur | S-Sale | 7,490.00 | $21.73 | $162,758 |
| 2026-03-10 | Bergman Artur | S-Sale | 265,000.00 | $22.79 | $6.0M |
| 2026-03-06 | WONG RICHARD | S-Sale | 5,494.00 | $21.08 | $115,814 |
| 2026-03-06 | Daniels Richard Devon | S-Sale | 14,976.00 | $20.89 | $312,849 |
| 2026-03-05 | Compton Charles Lacey III | S-Sale | 29,294.00 | $20.55 | $601,992 |
| 2026-03-05 | Compton Charles Lacey III | S-Sale | 7,400.00 | $21.22 | $157,028 |
| 2026-03-05 | Bergman Artur | S-Sale | 24,481.00 | $20.54 | $502,840 |
| 2026-03-05 | Bergman Artur | S-Sale | 6,598.00 | $21.23 | $140,076 |
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.193 · 1946f027 · 2026-05-08 18:57:27