FSLYNasdaqServices-Prepackaged SoftwareUS GAAP · USD

Fastly, Inc.

Fastly, Inc. operates an edge cloud platform that helps companies deliver, secure, and observe digital experiences close to end users. Its software and network services combine content delivery, edge compute, and application security tools for enterprises and developer-led organizations that need low-latency, always-on internet services.

Kysy yhtiöstä
Liikevaihto624milj. USD
+14,8 %v/v
Liikevoitto (EBIT)−119milj. USD
+29,1 %v/v
EBIT-marginaali−19,1%
+11,8 %-yks.v/v
Nettotulos−122milj. USD
+23,0 %v/v
Vapaa kassavirta65,8milj. USD
+982,1 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−400−2000200400600800milj. USD2020: 291 milj. USD2020: EBIT −107 milj. USD20202021: 354 milj. USD2021: EBIT −219 milj. USD20212022: 433 milj. USD2022: EBIT −246 milj. USD20222023: 506 milj. USD2023: EBIT −198 milj. USD20232024: 544 milj. USD2024: EBIT −168 milj. USD20242025: 624 milj. USD2025: EBIT −119 milj. USD2025624−119
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Network Services55 %

Performance and delivery services for websites, apps, APIs, and digital media.

Security35 %

Edge security products that protect websites, apps, APIs, and users from attacks.

Other10 %

Compute and observability offerings that extend the platform beyond delivery and security.

Tuotteet

Raportoitu · osuus liikevaihdosta
76,6%20,0%FY2025100 %
  • Network Services76,6 %
  • Security20,0 %
  • Other3,4 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Fastly sells mainly to enterprises and technology-savvy organizations that need better digital performance, security, and control over internet traffic. Customers include companies with significant growth, developer-led teams, and businesses expanding usage after an initial deployment. The company also works through partners such as resellers, MSPs, MSSPs, agencies, and consultants to broaden reach and embed its platform into customer workflows.

Enterprise customers

Buy delivery, security, and edge compute to improve user experience and lower total cost of ownership.

Developer-led technology companies

Use Fastly's programmable edge platform to build, secure, and deploy modern applications.

Streaming and digital media

Buy high-performance delivery for traffic-heavy, latency-sensitive content distribution.

Channel partners

Referral, reseller, MSP, and MSSP partners help sell, implement, and extend Fastly services.

Strategia

Fastly is focused on scaling its go-to-market engine through new logo acquisition, expansion within existing customers, partner leverage, and international growth. Product strategy centers on a unified edge cloud platform that combines delivery, security, compute, and observability, making it easier for customers to adopt more of the stack over time.

New logo acquisitionLyhyt aikaväli

Adds customers to the platform and creates future expansion opportunities.

Expansion within existing customersKeskipitkä aikaväli

Increases revenue per account as customers adopt more delivery, security, and compute products.

International expansionKeskipitkä aikaväli

Broadens the addressable market and reduces dependence on any one region.

Platform unification and product innovationPitkä aikaväli

A single platform improves customer experience and supports higher adoption of new services.

Maantiede

Q1/2026

Fastly serves customers globally, with U.S. billing-address revenue and international revenue as its main geographic split. The company had 258 employees outside the United States as of year-end 2025, and it continues to invest in international expansion through geographically based sales teams and partner coverage. Geography matters because traffic delivery, support coverage, and compliance expectations vary by region, while large customers can generate usage across multiple countries.

USA71 %
Other countries (US filing)29 %

Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.

Riskit

Fastly faces execution risk if its platform experiences outages, latency issues, or security failures, because customers rely on it for mission-critical digital traffic. It also faces cybersecurity and supply-chain risk, customer concentration risk, and pressure from ongoing losses and infrastructure costs. Industry-wide competition, rapid technology change, and regulatory shifts around AI and internet traffic can also affect demand and product requirements.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Cybersecurity and supply-chain compromise1Platform performance failures2Customer concentration3Infrastructure cost pressure4Regulatory and traffic-shift risk5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Cybersecurity and supply-chain compromiseVaikutus: KriittinenTodennäköisyys: Kohtalainen

    A breach could affect many customers simultaneously because Fastly sits in the delivery path for their traffic.

    KohdistuuNetwork infrastructureThird-party partnersIntegrated systems
  2. Platform performance failuresVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Customers depend on Fastly for always-on delivery and security, so defects or outages can cause immediate business harm.

    Kohdistuu: Customer-facing digital traffic and mission-critical applications

  3. Customer concentrationVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The 10 largest customers generated a meaningful share of revenue, so account loss or reduced usage can move results.

    Kohdistuu: Large enterprise and streaming customers

  4. Infrastructure cost pressureVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Bandwidth and colocation fees are core cost drivers and may not scale perfectly with revenue.

    Kohdistuu: Network provider fees and data center commitments

  5. Regulatory and traffic-shift riskVaikutus: KeskitasoTodennäköisyys: Matala

    Changes in AI, platform, or content rules can alter traffic volumes and customer demand.

    Kohdistuu: Large internet platforms and streaming-related traffic

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition under ASC 606

Contracts may include multiple services, so allocation and timing affect reported revenue.

Vaikutus: Can shift revenue between periods and affect growth comparisons

Cost of revenue and gross margin

Bandwidth, colocation, and network depreciation are major variable costs tied to traffic.

Vaikutus: Traffic changes can move gross margin materially

Goodwill impairment

Management tests goodwill using forecasted revenue growth, margins, and discount rates.

Vaikutus: A weaker outlook could trigger a non-cash impairment charge

Revenue processing controls

Certain revenue recording steps are manual and depend on procedures to ensure completeness.

Vaikutus: Raises the importance of internal controls and estimate accuracy

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Päivitetty: 24.9.2026