Companies /Technology

Fastly Inc - Class A

NYSE: FSLY Software - Application
$20.77
▲ $0.34 (+1.67%) today
Markets open · 10:52am ET

Q1 2025 Earnings

Reported May 7, 2025, 4:08pm ET · SEC source
$-0.05
Beat +19.61%
EPS · est. $-0.06
$144.5M
Beat +4.39%
Revenue · est. $138.4M
−0.7%
Trailing market
FSLY vs S&P since report
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
0+8%+16%May 7May 8report 4:08pm ETearnings+0.7%+20.2%
0+8%+16%May 7May 8earnings+0.7%+20.2%
FSLY +20.2%S&P 500 +0.7%
0+8%+16%May 7May 8report 4:08pm ETearnings+1.2%+20.2%
0+8%+16%May 7May 8earnings+1.2%+20.2%
FSLY +20.2%NASDAQ +1.2%
0+20%May 6May 15report 4:08pm ETearnings+5.2%+29.1%
0+20%May 6May 15earnings+5.2%+29.1%
FSLY +29.1%S&P 500 +5.2%
0+20%May 6May 15report 4:08pm ETearnings+7.3%+29.1%
0+20%May 6May 15earnings+7.3%+29.1%
FSLY +29.1%NASDAQ +7.3%
+26.37%
Day of report
+0.79%
Next session
+5.51%
One week
+6.04%
30 days

S&P 500 over the same 30 days: +6.73%.

Did FSLY Beat Earnings? Q1 2025 Results

Fastly posted a stronger-than-expected first quarter, reporting record revenue of $144.47 million, up 8.2% year-over-year and ahead of the $138.39 million consensus estimate by 4.39%, while its non-GAAP loss of $0.05 per share beat the $0.06 estimate by 19.61%. The content delivery and security platform credited the outperformance largely to progress in its go-to-market transformation and deepening traffic share with large enterprise customers, a dynamic that showed up clearly in non-top-ten customer revenue growing 17% year-over-year and enterprise customer count rising to 595. Free cash flow swung to a positive $8.21 million from negative $2.19 million a year ago, marking a meaningful shift in the company's financial trajectory. Remaining Performance Obligations jumped 24% sequentially to $303.00 million, reinforcing confidence in the raised full-year 2025 revenue guidance of $585.00 million to $595.00 million, with Q2 revenue expected in the range of $143.00 million to $147.00 million as the company continues expanding its security and compute offerings.

Key Takeaways
  • Go-to-market transformation driving upside results
  • Accelerated product release velocity
  • Growing traffic share with large enterprise customers
  • Revenue from non-top-ten customers grew 17% year-over-year
  • Product package deals more than doubled year-over-year
  • New logo packages grew over 80% year-over-year

“Fastly outperformed our revenue and operating loss guidance in the first quarter, delivering positive free cash flow. We made great progress in our go-to-market transformation, product release velocity, and growing traffic share with our large enterprise customers which all drove upside in our results.”

Fastly CEO, on the earnings call

Forward Guidance & Outlook

Fastly raised its full-year 2025 financial guidance. For Q2 2025, the company expects total revenue of $143.0–$147.0 million, non-GAAP operating loss of ($8.0)–($4.0) million, and non-GAAP net loss per share of ($0.08)–($0.04). For full year 2025, guidance calls for total revenue of $585.0–$595.0 million, non-GAAP operating loss of ($12.0)–($6.0) million, and non-GAAP net loss per share of ($0.13)–($0.07). Management plans to enrich the revenue mix through platform enhancements in security and compute.

FSLY YoY Financials

Q1 2025 vs Q1 2024 · SEC filings Q1 2024 Q1 2025
$0$60.0M$120.0M$133.5M$144.5MRevenue$73.2M$76.8MGross Profit$-32,501,064$-38,179,000Operating Income$-35,637,688$-39,148,000Net Income
$0$60.0M$120.0MRevenueGross ProfitOperating IncomeNet Income

FSLY Revenue by Segment

Network Services$113.3M+7.0%
Security$26.4M+7.0%
Other (Compute and Observability)$4.8M+64.0%

Figures from SEC filings and company reports. Not investment advice.