Fastly, Inc. (FSLY) Income Statement
FSLY 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsFSLY revenue and net income
Where FSLY's revenue goes
2025Each bar shows an amount and its share of revenue. FSLY kept −19.5% of revenue as net income.
FSLY profit margins
FSLY growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +14.8% | +13.0% | +16.5% | — |
| Gross profit | +20.4% | +19.3% | +15.8% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
FSLY quarterly EPS vs estimates
Fastly beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 4, 2026 (estimate $-0.08).
FSLY income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $624.0M | $543.7M | $506.0M | $432.7M | $354.3M | $290.9M | $200.5M | $144.6M | $104.9M |
| Cost of revenue | $267.8M | $247.7M | $239.7M | $222.9M | $167.0M | $120.0M | $88.3M | $65.5M | $48.7M |
| Gross profit | $356.2M | $295.9M | $266.3M | $209.8M | $187.3M | $170.9M | $112.1M | $79.1M | $56.2M |
| Research & development | $162.7M | $138.0M | $152.2M | $155.3M | $126.9M | $74.8M | $46.5M | $34.6M | $29.0M |
| Sales, general & admin | $312.1M | $312.0M | $307.9M | $300.7M | $279.5M | $203.3M | $112.2M | $73.6M | $58.3M |
| Total operating expenses | $474.8M | $463.9M | $464.4M | $456.0M | $406.3M | $278.1M | $158.7M | $108.2M | $87.3M |
| Operating income | −$117.8M | −$167.9M | −$198.0M | −$246.2M | −$219.0M | −$107.2M | −$46.5M | −$29.1M | −$31.0M |
| Interest income | $12.3M | $14.9M | $16.5M | $7.0M | $1.3M | $1.6M | $3.3M | $939,000 | $443,000 |
| Interest expense | $12.7M | $2.7M | $4.1M | $5.9M | $5.2M | $1.5M | $5.2M | $1.8M | $1.1M |
| Income before taxes | −$119.2M | −$155.5M | −$133.3M | −$190.7M | −$222.6M | −$107.4M | −$51.1M | −$30.8M | −$32.2M |
| Income taxes | $2.5M | $2.6M | −$221,000 | $94,000 | $69,000 | −$11.5M | $492,000 | $185,000 | $208,000 |
| Net income | −$121.7M | −$158.1M | −$133.1M | −$190.8M | −$222.7M | −$95.9M | −$51.5M | −$30.9M | −$32.5M |
| EBITDA | −$28.6M | −$79.1M | −$57.2M | −$120.5M | −$167.3M | −$80.8M | −$29.3M | −$15.5M | −$21.5M |
| EPS (diluted) | −$0.11 | −$0.13 | −$0.18 | −$0.60 | −$0.48 | −$0.17 | −$0.36 | −$0.39 | −$1.41 |
| Gross margin | 57.1% | 54.4% | 52.6% | 48.5% | 52.9% | 58.7% | 55.9% | 54.7% | 53.6% |
| Operating margin | −18.9% | −30.9% | −39.1% | −56.9% | −61.8% | −36.9% | −23.2% | −20.2% | −29.6% |
| Net margin | −19.5% | −29.1% | −26.3% | −44.1% | −62.9% | −33.0% | −25.7% | −21.4% | −30.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $183.3M | $173.0M | $172.6M | $158.2M | $148.7M | $144.5M | $140.6M | $137.2M | $132.4M | $133.5M | $137.8M | $127.8M |
| Cost of revenue | $67.4M | $64.8M | $66.7M | $65.9M | $72.4M | $67.7M | $65.5M | $62.5M | $59.5M | $60.3M | $62.0M | $61.7M |
| Gross profit | $116.0M | $108.2M | $106.0M | $92.3M | $76.3M | $76.8M | $75.1M | $74.7M | $72.9M | $73.2M | $75.8M | $66.1M |
| Research & development | $42.1M | $42.0M | $41.6M | $41.4M | $42.2M | $37.4M | $32.7M | $31.9M | $35.1M | $38.2M | $38.3M | $39.1M |
| Sales, general & admin | $88.3M | $90.1M | $79.5M | $79.7M | $24.3M | $77.5M | $76.2M | $73.2M | $81.4M | $81.2M | $80.1M | $81.0M |
| Total operating expenses | $130.4M | $132.1M | $121.0M | $121.1M | $112.8M | $115.0M | $109.4M | $115.3M | $119.6M | $119.5M | $118.4M | $124.4M |
| Operating income | −$14.4M | −$23.9M | −$14.9M | −$28.8M | −$36.5M | −$38.2M | −$34.3M | −$40.6M | −$46.7M | −$46.3M | −$42.6M | −$58.3M |
| Interest income | $2.8M | $2.9M | $3.2M | $3.1M | $3.1M | $3.0M | $3.3M | $3.8M | $3.9M | $3.8M | $4.6M | $4.9M |
| Interest expense | $3.3M | $3.3M | $3.2M | $3.2M | $3.2M | $3.2M | $1.2M | $473,000 | $464,000 | $579,000 | $744,000 | $862,000 |
| Income before taxes | −$15.3M | −$24.7M | −$14.8M | −$28.9M | −$37.0M | −$38.5M | −$31.7M | −$37.6M | −$43.1M | −$43.1M | −$23.9M | −$54.3M |
| Income taxes | $252,000 | −$4.1M | $681,000 | $559,000 | $557,000 | $691,000 | $1.1M | $455,000 | $661,000 | $347,000 | −$465,000 | −$1,000 |
| Net income | −$15.6M | −$20.5M | −$15.5M | −$29.5M | −$37.5M | −$39.1M | −$32.9M | −$38.0M | −$43.7M | −$43.4M | −$23.4M | −$54.3M |
| EBITDA | $3.0M | −$7.2M | $5.9M | −$424,000 | −$13.8M | −$15.2M | −$11.8M | −$18.5M | −$24.4M | −$24.3M | −$4.6M | −$35.2M |
| EPS (diluted) | −$0.07 | $0.13 | $0.12 | −$0.15 | −$0.03 | −$0.05 | −$0.03 | $0.02 | −$0.07 | −$0.05 | $0.01 | −$0.06 |
| Gross margin | 63.3% | 62.5% | 61.4% | 58.4% | 51.3% | 53.2% | 53.4% | 54.5% | 55.1% | 54.8% | 55.0% | 51.7% |
| Operating margin | −7.9% | −13.8% | −8.6% | −18.2% | −24.6% | −26.4% | −24.4% | −29.6% | −35.3% | −34.6% | −30.9% | −45.6% |
| Net margin | −8.5% | −11.9% | −9.0% | −18.6% | −25.2% | −27.1% | −23.4% | −27.7% | −33.0% | −32.5% | −17.0% | −42.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in FSLY's financial statements (latest annual report filed February 25, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
FSLY financial results
In fiscal year 2025 (ended December 31, 2025), Fastly reported revenue of $624.0 million, up 14.8% from the year before. It had a net loss of $121.7 million, a net profit margin of −19.5%. Diluted earnings per share came to −$0.11. Over five years revenue grew at an average rate of 16.5% a year.
See the FSLY stock overview for the latest quote and news, or the FSLY chart for price history and technical indicators.
FSLY income statement FAQ
What is Fastly's annual revenue?
Fastly reported total revenue of $624.0 million for fiscal year 2025, which ended on December 31, 2025. That was up 14.8% from $543.7 million the previous year.
Is Fastly profitable?
No. Fastly reported a net loss of $121.7 million in fiscal 2025, a net profit margin of −19.5%; its operating margin was −18.9%.
What is Fastly's gross margin?
Fastly's gross margin was 57.1% in fiscal 2025: for every $100 of revenue, Fastly kept $57 after the direct cost of its products and services.
How much does Fastly spend on research and development?
Fastly spent $162.7 million on research and development in fiscal 2025, 26.1% of revenue.
How fast is Fastly growing?
Revenue grew 16.5% a year on average over the last five fiscal years, from $290.9 million to $624.0 million.
What are Fastly's earnings per share?
Fastly earned $-0.11 per diluted share in fiscal 2025, compared with $-0.13 a year earlier.
When will Fastly report its next earnings?
Fastly is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does Fastly's fiscal year end?
Fastly's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 25, 2026.