Fastly, Inc.
8.02-0.27 (-3.26%)
Oct 29, 4:00:02 PM EDT · NYSE · FSLY · USD
Key Stats
Market Cap
1.18BP/E (TTM)
-Basic EPS (TTM)
-1.03Dividend Yield
0%Recent Filings
10-Q
Q2 FY2025 results
Fastly's Q2 revenue climbed 12% year-over-year to $148.7M, with gross profit holding steady at 55% amid balanced cost growth, while operating expenses dipped 1% to $118.1M, narrowing the operating loss to $36.9M from $46.7M. Enterprise customers drove 94% of revenue, up from 91%, with Network Services up 10% y/y and Security surging 15%, though Other products grew 60% on Compute adoption. Cash from operations hit $43.1M for the half-year, but net cash fell to $82.5M after $248.8M in marketable securities buys; total debt stands at $337.9M, including $188.6M current 2026 Notes at 0% and $150M 2028 Notes at 7.75%, with $60M revolver undrawn and covenants met. No M&A or impairments noted. Ongoing litigation risks from securities class actions could pressure resources.
8-K
Fastly Q2 revenue beats, exec changes
Fastly reported Q2 2025 revenue of $148.7 million, up 12% year-over-year, with security revenue surging 15% to $29.3 million and RPO hitting $315 million, up 41%. Amid this momentum, the company appointed Richard Wong as CFO effective August 11, succeeding Ronald Kisling who stays advisory through September 15, and promoted Scott Lovett to President, Go to Market. Leadership shakeup sharpens focus on scaling operations. Wong brings scaling expertise from Benchling and Houzz.
8-K
Fastly appoints new CEO
Fastly's CEO Todd Nightingale resigned on June 16, 2025, to pursue another opportunity, with no disagreements noted, and will advise until June 30. Kip Compton, current Chief Product Officer since January 2024, steps in as CEO and board member, bringing 25 years of cloud and networking expertise from Cisco. His package includes $500,000 base salary, $500,000 target bonus, and $5 million equity award. Fastly reaffirms Q2 and full-year 2025 guidance. Leadership continuity aids smooth transition.
8-K
Fastly annual meeting outcomes
Fastly's stockholders convened their 2025 Annual Meeting on June 11, electing directors Artur Bergman, Paula Loop, and Christopher B. Paisley to serve until 2028, with Bergman securing strong support while Loop and Paisley faced notable withhold votes. Shareholders ratified Deloitte & Touche LLP as auditors for the fiscal year ending December 31, 2025, by a wide margin of 100 million for versus 8 million against. Yet executive pay drew sharp dissent, passing advisably with just 47 million for against 31 million opposed. This split signals governance tensions amid ongoing scrutiny.
10-Q
Q1 FY2025 results
Fastly's Q1 revenue climbed 8% year-over-year to $144.5 million, fueled by steady usage growth in Network Services and Security, while Other products like Compute surged 64%. Gross margin dipped to 53% from 55% amid bandwidth and depreciation hikes, but operating loss narrowed to $38.2 million from $46.3 million as expenses trimmed 4%. Net loss improved to $39.1 million or $0.27 per diluted share, aligning with 143.3 million weighted shares. Operating cash flow rose to $17.3 million, yielding $12.6 million free cash flow (derived), with $307.3 million in cash and equivalents offsetting $338.6 million in convertible notes due 2026-2028. No major M&A noted. Ongoing securities litigation poses a key risk.
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