Earnings summaries and quarterly performance for Fastly.
Executive leadership at Fastly.
Board of directors at Fastly.
Research analysts who have asked questions during Fastly earnings calls.
RK
Rudy Kessinger
D.A. Davidson & Co.
4 questions for FSLY
Also covers: AKAM, BASE, CFLT +11 more
FL
Frank Louthan
Raymond James
3 questions for FSLY
Also covers: AKAM, ATUS, CABO +13 more
James Fish
Piper Sandler Companies
3 questions for FSLY
Also covers: AKAM, ANET, BAND +15 more
JH
Jonathan Ho
William Blair & Company
3 questions for FSLY
Also covers: AKAM, ALLT, AXON +15 more
MB
Madeline Brooks
Bank of America
3 questions for FSLY
Also covers: AKAM, CYBR, OKTA +3 more
Rishi Jaluria
RBC Capital Markets
3 questions for FSLY
Also covers: AKAM, BOX, COUR +19 more
Sanjit Singh
Morgan Stanley
3 questions for FSLY
Also covers: APPN, BASE, CFLT +13 more
Fatima Boolani
Citi
2 questions for FSLY
Also covers: AKAM, AVPT, CHKP +16 more
Jeff Van Rhee
Craig-Hallum Capital Group LLC
2 questions for FSLY
Also covers: AKAM, ALKT, ASUR +18 more
Daniel Hibshman
Craig-Hallum Capital Group LLC
1 question for FSLY
Also covers: AKAM, BKSY, CRNC +7 more
PS
Paramveer Singh
Oppenheimer & Co. Inc.
1 question for FSLY
Also covers: CVLT, NTAP, NTNX +2 more
RP
Rob Paluczak
Raymond James & Associates, Inc.
1 question for FSLY
Timothy Horan
Oppenheimer & Co. Inc.
1 question for FSLY
Also covers: AI, ASTS, BKSY +19 more
WP
William Power
Baird
1 question for FSLY
Also covers: AKAM, AXON, BAND +9 more
Recent press releases and 8-K filings for FSLY.
Fastly Announces Exercise of Option for Additional Convertible Notes and Related Capped Call Transactions
FSLY
Debt Issuance
- Fastly's initial purchasers exercised their option to buy an additional $20.0 million in aggregate principal amount of 0% Convertible Senior Notes due 2030 on December 15, 2025, with the issuance closing on December 17, 2025.
- The company received approximately $19.4 million in net proceeds from the sale of these Option Notes.
- Fastly entered into Additional Capped Call Transactions on December 15, 2025, costing approximately $2.0 million, which are intended to reduce potential dilution to Class A Common Stock upon conversion of the Option Notes.
- The cap price for these Capped Call Transactions is initially $23.04 per share, representing a 100% premium over the Class A Common Stock's last reported sale price on December 4, 2025.
- A maximum of 15,624,990 shares of Class A Common Stock may be issued upon conversion of the Notes, based on an initial maximum conversion rate of 86.8055 shares per $1,000 principal amount.
Dec 17, 2025, 9:03 PM
Fastly Issues $160 Million 0% Convertible Senior Notes Due 2030
FSLY
Debt Issuance
- Fastly, Inc. issued $160.0 million aggregate principal amount of its 0% Convertible Senior Notes due 2030 on December 9, 2025, an upsized offering from the initially proposed $125.0 million.
- These notes mature on December 15, 2030, and will not bear regular interest.
- The initial conversion price is approximately $15.26 per share, representing a 32.5% premium over the Class A Common Stock's last reported sale price of $11.52 per share on December 4, 2025.
- Fastly estimates net proceeds of approximately $153.8 million and used a portion to repurchase $150.0 million of its 2026 convertible senior notes for approximately $148.9 million. The company also entered into capped call transactions with an initial cap price of $23.04 per share to manage potential dilution.
Dec 9, 2025, 9:12 PM
Fastly Reports Strong Q3 2025 Performance, Refinances Debt, and Outlines Strategic Growth
FSLY
Guidance Update
Debt Issuance
Revenue Acceleration/Inflection
- Fastly reported Q3 2025 revenue of $158 million, marking 15% year-over-year growth and its third consecutive quarter of re-accelerating growth, alongside record profitability and free cash flow.
- The company provided 2025 free cash flow guidance of $25-35 million and anticipates continued profitability and positive free cash flow, with 25%-40% of incremental revenues flowing into operating profit.
- Fastly's security business achieved 30% year-on-year growth in Q3, driven by a successful cross-sell strategy that expanded its security product suite from one to five offerings.
- Fastly refinanced its convertible debt, issuing $160 million in new convertible notes with a 0% coupon and 32.5% conversion premium, which extends maturities to 2028 and 2030. The company also bought back $150 million of existing debt below par.
- The company projects total capital expenditure (CapEx) to be 10%-11% of revenues, with core infrastructure CapEx targeted at 7%-8% of revenues.
Dec 8, 2025, 1:40 PM
Fastly Discusses Q3 2025 Performance and Strategic Outlook
FSLY
Revenue Acceleration/Inflection
Guidance Update
Debt Issuance
- Fastly reported strong Q3 2025 results, with $158 million in revenue, representing 15% year-over-year growth, marking its third consecutive quarter of re-accelerating growth. The company also achieved record profitability and record free cash flow, guiding for free cash flow positive for the year.
- CFO Rich Wong, who started in August, is focused on execution, operational and fiscal discipline, and implementing an incremental margin model to drive profitability and leverage the company's products.
- The company demonstrated significant cross-sell momentum in its security business, which grew 30% year-on-year in Q3 2025, driven by expanding its security product suite from one to five products and a refined go-to-market strategy.
- Fastly successfully refinanced its March 2026 convertible debt maturity by issuing a new $160 million 0% coupon convertible with a 32.5% conversion premium, improving its capital structure and extending maturities to 2028 and 2030.
- For 2025, Fastly guided for $25-35 million in free cash flow, with total capital expenditures expected to be 10%-11% of revenues.
Dec 8, 2025, 1:40 PM
Fastly Reports Q3 2025 Results and Debt Refinancing
FSLY
Earnings
Guidance Update
Debt Issuance
- Fastly reported Q3 2025 revenue of $158 million, representing 15% year-over-year growth, which was the third consecutive quarter of re-accelerating growth. The company also announced record profitability and free cash flow for the quarter and guided to be free cash flow positive for the year.
- The company's cross-sell strategy, supported by the expansion from one to five security products and a focused go-to-market team, contributed to 30% year-on-year security revenue growth in Q3, including a $5 million sequential increase from a cross-sell to a top 10 customer.
- Fastly's new management is implementing operational and fiscal discipline, focusing on key metrics, faster decision-making, and an incremental margin model designed to flow 25%-40% of incremental revenues into incremental operating profit.
- Fastly successfully refinanced $150 million of its convertible debt due in March 2026 by issuing $160 million in new 0% coupon convertible notes, extending maturities to 2028 and 2030. The company maintains a capital intensity of 10%-11% of revenues for total CapEx, with infrastructure CapEx targeted at 7%-8% of revenues.
Dec 8, 2025, 1:40 PM
Fastly Discusses Market Stabilization, Product Expansion, and Financial Performance at UBS Conference
FSLY
CFO Change
Product Launch
Revenue Acceleration/Inflection
- Rich Wong, who joined as CFO in August 2025, highlighted Fastly's strong technology and customer satisfaction, and his focus on improving operational execution.
- Fastly has significantly expanded its security offerings from one core product in early 2024 to a full suite of five products in 2025, with security revenues growing 30% year-on-year last quarter (Q3 2025).
- The CDN market is stabilizing following the exit of competitor Edgio in September 2024, leading to more rational pricing and Fastly's focus on performance and value.
- Top 10 customer concentration decreased to 32% last quarter (Q3 2025), while non-top 10 customers grew 17% year-on-year.
- Gross margins improved to 62.8% in Q3 2025 (or 61.8% normalized), with a Q4 2025 guidance of 61.5% at the midpoint, driven by network efficiency, scale, and pricing discipline. Fastly expects to achieve non-GAAP profitability in 2025 and aims for 25%-40% incremental operating margins in 2026.
Dec 3, 2025, 5:55 PM
Fastly Discusses Strategic Growth and Financial Outlook at UBS Conference
FSLY
CFO Change
Product Launch
Revenue Acceleration/Inflection
- **Fastly's CFO Rich Wong, who joined in August 2025, emphasized the company's strong technology and customer adoption, focusing on operational execution to expand market share. **
- **The company significantly expanded its security offerings from one core product in early 2024 to five in 2025, with security revenues growing 30% year-on-year last quarter and representing 21% of total revenues. **
- **Customer concentration with the top 10 customers decreased to 32% last quarter, while non-top 10 customers grew 17% year-on-year, outpacing the 12% growth of the top 10. **
- **Fastly reported a gross margin of 62.8% last quarter (61.8% normalized) and anticipates 2025 to be its first year of non-GAAP profitability, with continued gross margin leverage expected in 2026. **
- **The CDN market is stabilizing following the exit of competitor Edgio in September 2024, leading to more rational pricing, and traffic from customers who previously diversified has rebounded. **
Dec 3, 2025, 5:55 PM
Fastly Discusses Leadership, Product Expansion, and Financial Performance at UBS Conference
FSLY
Management Change
Product Launch
Revenue Acceleration/Inflection
- Rich Wong joined Fastly as CFO in August 2025, following Kip's appointment as CEO in June 2025, with a focus on improving operational execution.
- The company significantly expanded its security product suite from one core offering in early 2024 to five by 2025, contributing to 30% year-on-year security revenue growth last quarter.
- Fastly reported 62.8% gross margins last quarter (normalized to 61.8%) and anticipates 2025 will be its first non-GAAP profitable year, with continued gross margin improvement expected in 2026.
- Customer concentration for the top 10 accounts decreased to 32% last quarter, while non-top 10 customers demonstrated stronger growth at 17% year-on-year.
- The CDN market is experiencing more rational pricing behavior following a competitor's exit in September 2024, contributing to a stabilizing environment.
Dec 3, 2025, 5:55 PM
Fastly Reports Strong Security Growth and Improved Margins
FSLY
Revenue Acceleration/Inflection
New Projects/Investments
Guidance Update
- Fastly's security business achieved $34 million in revenue in the recent quarter, growing 30% year-over-year and now comprising over 20% of total revenue. The company expects this segment to grow faster than the overall market's 13-14% annual rate.
- Gross margins reached 62.8% in Q3, or 61.8% excluding a $1.6 million tailwind, driven by network optimization and anticipated to improve further with a greater mix of higher-margin security and compute offerings.
- The company guided to 10-11% of revenues for full-year CapEx, with infrastructure CapEx currently at 7-8% of total revenues, and plans a Q4 increase to support anticipated growth.
- Net Retention Rate (NRR) improved to 106%, reflecting increased upsell and cross-sell opportunities, particularly within the security portfolio.
- Network services revenue grew 11% year-over-year in the last quarter, marking its third consecutive quarter of accelerating growth, and is expected to outpace the market's 6-7% annual growth.
Nov 19, 2025, 3:40 PM
Fastly Discusses Business Evolution, Security Growth, and Financial Metrics
FSLY
Revenue Acceleration/Inflection
New Projects/Investments
- Fastly's security business now accounts for over 20% of revenue and grew 30% year-over-year in Q3, reaching $34 million in quarterly revenue, with expectations to grow faster than the overall security market.
- The company's platform strategy is driving cross-sell opportunities, as evidenced by a significant multi-product deal in Q3 that included security and compute.
- Fastly reported a Q3 gross margin of 62.8% (or 61.8% excluding a $1.6 million tailwind) and an improved Net Retention Rate (NRR) of 106%.
- CapEx guidance for the year is 10-11% of revenues, with infrastructure CapEx at 7-8%, and the network services segment saw 11% year-over-year growth in Q3.
- Fastly is expanding its go-to-market efforts internationally, particularly in the Asia-Pacific Japan (APJ) region, and sees opportunities in AI enablement through its platform.
Nov 19, 2025, 3:40 PM
Quarterly earnings call transcripts for Fastly.
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