FSLY
Fastly, Inc.11.12
+0.60+5.7%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
AI tailwinds, resiliency shine in Q&A
Q&A spotlighted Fastly drawing traffic amid recent industry outages, as customers chase resiliency atop performance. Agentic AI emerged as a clear tailwind, inflating traffic, powering workloads, and spurring bot mitigation via visible telemetry and shifting customer talks from blocking to optimizing. Price erosion contracted to mid-single digits from mid-teens, bolstering durable volume-driven margins. RPO surged broad-based through commitment pushes; CapEx jumps mostly for growth, pricier memory. AI bot management accelerates. Management stayed crisp on macro hedges. Watch AI durability, mid-year margin dips.
Key Stats
Market Cap
1.66BP/E (TTM)
-Basic EPS (TTM)
-0.96Dividend Yield
0%Recent Filings
8-K
Fastly switches auditors to KPMG
Fastly dismissed Deloitte as its auditor and tapped KPMG for the fiscal year ending December 31, 2026, both approved by the Audit Committee on March 4, 2026. No audit disagreements arose, though a material weakness in internal controls from 2024—now remediated—had been flagged. Deloitte concurs. Smooth transition, no drama.
10-K
FY2025 results
Fastly drove FY2025 revenue to $624M, up 15% y/y, with Network Services at $478M (+12%) and Security surging 21% to $125M on Next-Gen WAF adoption, while Other hit $21M (+64%) via Compute momentum. Q4 accelerated growth as LTM NRR jumped to 110%, enterprise customers rose to 628, and RPO doubled to $354M signaling multi-year commitments. Gross margin expanded to 57% yet operating loss narrowed to $119M amid $163M R&D investment. Cash generation strengthened to $94M from operations; $362M liquidity cushions $369M debt maturities. Platform outages remain a key risk to quarterly traffic.
8-K
Record Q4 revenue, margins soar
8-K
Fastly issues $20M option notes
Fastly closed issuance of $20.0 million in additional 0% Convertible Senior Notes due 2030 on December 17, 2025, after Initial Purchasers exercised their option on December 15. Net proceeds of $19.4 million funded $2.0 million Additional Capped Call Transactions to curb dilution from potential conversions. Caps apply at $23.04 per share. Maximum 15,624,990 shares issuable upon conversion.
8-K
Fastly issues $160M 2030 convertibles
Fastly issued $160M of 0% convertible senior notes due 2030 on December 9, 2025, with initial conversion at 65.5136 shares per $1,000 (≈$15.26/share). Proceeds funded $16.1M capped calls to curb dilution and repurchased $150M of 2026 notes for $148.9M. Notes rank senior unsecured, redeemable post-2028 if stock tops 130% of conversion price. Refinancing extends maturities cleanly.
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