FSLY

Company Overview — What Does Fastly, Inc. Do?

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. Fastly, Inc. (FSLY) is classified as a mid-cap stock in the Technology sector, specifically within the Computer Software industry. The company is led by CEO Todd Nightingale and employs approximately 1,110 people. With a market capitalization of $4.9B, FSLY is one of the notable companies in the Technology sector.

Fastly, Inc. (FSLY) Stock Rating — Hold (April 2026)

As of April 2026, Fastly, Inc. receives a Hold rating with a composite score of 43.6/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.FSLY ranks #542 out of 4,446 stocks in our coverage universe. Within the Technology sector, Fastly, Inc. ranks #36 of 584 stocks, placing it in the top 10% of its Technology peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

FSLY Stock Price and 52-Week Range

Fastly, Inc. (FSLY) currently trades at $22.92. The stock lost $6.54 (22.2%) in the most recent trading session. The 52-week high for FSLY is $27.59, which means the stock is currently trading -16.9% from its annual peak. The 52-week low is $4.65, putting the stock 392.9% above its annual trough. Recent trading volume was 38.7M shares, indicating strong institutional interest and high liquidity.

Is FSLY Overvalued or Undervalued? — Valuation Analysis

Fastly, Inc. (FSLY) carries a value factor score of 31/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The price-to-book ratio stands at 5.35x, versus the sector average of 3.16x. The price-to-sales ratio is 8.45x, compared to 1.06x for the average Technology stock.

At current multiples, Fastly, Inc. trades at a premium to most Technology peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.

Fastly, Inc. Profitability — ROE, Margins, and Quality Score

Fastly, Inc. (FSLY) earns a quality factor score of 34/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -15.5%, compared to the Technology sector average of -1.4%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -9.6% versus the sector average of -1.0%.

On a margin basis, Fastly, Inc. reports gross margins of 55.1%, compared to 50.9% for the sector. The operating margin is -24.8% (sector: -0.5%). Net profit margin stands at -24.7%, versus -1.5% for the average Technology stock. Revenue growth is running at 19.5% on a trailing basis, compared to 14.2% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

FSLY Debt, Balance Sheet, and Financial Health

Fastly, Inc. has a debt-to-equity ratio of 61.0%, compared to the Technology sector average of 43.0%. Leverage is within a manageable range for the industry, though investors should monitor debt trends over time. The current ratio is 2.61x, indicating strong short-term liquidity. Total debt on the balance sheet is $338M. Cash and equivalents stand at $113M.

FSLY has a beta of 1.45, meaning it is more volatile than the broader market — a $10,000 investment in FSLY would be expected to move 44.6% more than the S&P 500 on any given day. The stability factor score for Fastly, Inc. is 25/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.

Fastly, Inc. Revenue and Earnings History — Quarterly Trend

In TTM 2026, Fastly, Inc. reported revenue of $589M and earnings per share (EPS) of $-0.83. Net income for the quarter was $-144M. Gross margin was 55.1%. Operating income came in at $-145M.

In FY 2025, Fastly, Inc. reported revenue of $624M and earnings per share (EPS) of $-0.83. Net income for the quarter was $-122M. Gross margin was 57.1%. Revenue grew 14.8% year-over-year compared to FY 2024. Operating income came in at $-119M.

In Q3 2025, Fastly, Inc. reported revenue of $158M and earnings per share (EPS) of $-0.20. Net income for the quarter was $-29M. Gross margin was 58.4%. Revenue grew 15.3% year-over-year compared to Q3 2024. Operating income came in at $-29M.

In Q2 2025, Fastly, Inc. reported revenue of $149M and earnings per share (EPS) of $-0.26. Net income for the quarter was $-38M. Gross margin was 54.5%. Revenue grew 12.3% year-over-year compared to Q2 2024. Operating income came in at $-37M.

Over the past 8 quarters, Fastly, Inc. has demonstrated a growth trajectory, with revenue expanding from $132M to $589M. Investors analyzing FSLY stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

FSLY Dividend Yield and Income Analysis

Fastly, Inc. (FSLY) does not currently pay a dividend. This is common among smaller companies in the Computer Software industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Technology dividend stocks may want to explore other Technology stocks or use the stock screener to filter by dividend yield.

FSLY Momentum and Technical Analysis Profile

Fastly, Inc. (FSLY) has a momentum factor score of 78/100, indicating strong price momentum with the stock outperforming the majority of the market over recent periods. Stocks with high momentum scores have historically tended to continue their outperformance in the near term. The investment factor score is 26/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 41/100 reflects moderate short selling activity.

FSLY vs Competitors — Technology Sector Ranking and Peer Comparison

Within the Technology sector, Fastly, Inc. (FSLY) ranks #36 out of 584 stocks based on the Blank Capital composite score. This places FSLY in the top decile of all Technology stocks in our coverage universe. Key competitors and sector peers include IHS Holding Ltd (IHS) with a score of 55.0/100, VERISIGN INC/CA (VRSN) with a score of 56.0/100, ESCO TECHNOLOGIES INC (ESE) with a score of 51.7/100, CareCloud, Inc. (CCLD) with a score of 46.9/100, and MMTec, Inc. (MTC) with a score of 47.4/100.

Comparing FSLY against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full FSLY vs S&P 500 (SPY) comparison to assess how Fastly, Inc. stacks up against the broader market across all factor dimensions.

FSLY Next Earnings Date

No upcoming earnings date has been announced for Fastly, Inc. (FSLY) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy FSLY? — Investment Thesis Summary

Fastly, Inc. presents a balanced picture with arguments on both sides. The quality score of 34/100 flags below-average profitability. The value score of 31/100 indicates premium valuation. Price momentum is positive at 78/100, suggesting the trend favors buyers. High volatility (stability score 25/100) increases portfolio risk.

In summary, Fastly, Inc. (FSLY) earns a Hold rating with a composite score of 43.6/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on FSLY stock.

Related Resources for FSLY Investors

Explore more research and tools: FSLY vs S&P 500 comparison, top Technology stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare FSLY head-to-head with peers: FSLY vs IHS, FSLY vs VRSN, FSLY vs ESE.