9 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 16.5% per year over the past 5 years.
Operating margin has expanded, at -19.1% in the latest year.
Financial health
Total debt ($362M) exceeds cash ($181M); net debt is $181M.
Operating income covered interest expense -9.4× in the latest year.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$624M
-$122M
57.1%
-19.1%
$66M
$362M
$181M
2024
$544M
-$158M
54.4%
-30.9%
$6M
$338M
$286M
2023
$506M
-$133M
52.6%
-39.1%
-$11M
$344M
$108M
2022
$433M
-$191M
48.5%
-56.9%
-$90M
$705M
$143M
2021
$354M
-$223M
52.9%
-61.8%
-$73M
$933M
$166M
2020
$291M
-$96M
58.7%
-36.9%
-$49M
$0
$63M
2019
$200M
-$52M
55.9%
-23.2%
-$46M
$25M
$16M
2018
$145M
-$31M
54.7%
-20.2%
-$34M
$51M
$37M
2017
$105M
-$32M
53.6%
-29.6%
-$38M
—
$31M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$173M
-$21M
62.5%
-13.8%
$8M
$324M
$147M
Dec '25
$173M
-$16M
61.4%
-8.7%
$12M
$362M
$181M
Sep '25
$158M
-$29M
58.4%
-18.2%
$23M
$338M
$113M
Jun '25
$149M
-$38M
54.5%
-24.8%
$16M
$338M
$82M
Mar '25
$144M
-$39M
53.2%
-26.4%
$15M
$338M
$125M
Dec '24
$141M
-$33M
53.4%
-24.4%
$251000
$338M
$286M
Sep '24
$137M
-$38M
54.5%
-29.6%
$3M
$344M
$218M
Jun '24
$132M
-$44M
55.1%
-35.3%
-$7M
$344M
$147M
Mar '24
$134M
-$43M
54.8%
-34.6%
$10M
$344M
$151M
Dec '23
$138M
-$23M
55.0%
-30.9%
-$10M
$344M
$108M
Sep '23
$128M
-$54M
51.7%
-45.6%
-$9M
$473M
$270M
Jun '23
$123M
-$11M
52.3%
-40.6%
$21M
$472M
$274M
Mar '23
$118M
-$45M
51.3%
-40.2%
-$12M
$705M
$348M
Dec '22
$119M
-$47M
52.4%
-40.6%
-$21M
$705M
$143M
Sep '22
$109M
-$63M
48.6%
-60.6%
-$30M
$704M
$88M
Jun '22
$103M
-$16M
44.9%
-67.3%
-$23M
$703M
$63M
Mar '22
$102M
-$64M
47.3%
-61.5%
-$16M
$934M
$246M
Dec '21
$98M
-$58M
50.9%
-58.0%
-$11M
$933M
$166M
Sep '21
$87M
-$56M
52.4%
-63.3%
-$23M
$932M
$282M
Jun '21
$85M
-$58M
52.6%
-67.6%
-$20M
$931M
$688M
Valuation over time
How the market has priced FSLY against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-sales ratio has fallen from 6.4× (Mar '23) to 4.1× (Jun '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is FSLY growing its revenue and profit?
Over the past 5 years, Fastly, Inc.'s revenue has grown 16.5% per year. These are computed facts, not advice.
How much debt does FSLY have?
As of FY2025, Fastly, Inc. reported $362M of total debt against $181M of cash; operating income covered interest expense -9.4×.
What is FSLY's profit margin?
In FY2025, gross margin was 57.1%, operating margin -19.1%, and net margin -19.5%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.