Q2 25 EPS
$-0.03
BEAT +42.75%
Est. $-0.05
Q2 25 Revenue
$148.7M
BEAT +2.66%
Est. $144.9M
vs S&P Since Q2 25
+134.7%
BEATING MARKET
FSLY +152.5% vs S&P +17.8%
Market Reaction
Did FSLY Beat Earnings? Q2 2025 Results
Fastly posted a notably clean second quarter, reporting a loss of just $0.03 per share against a consensus estimate of $0.05, a 42.75% beat, while revenue of $148.71 million cleared Wall Street's $144.86 million target by 2.66% and grew 12.3% year-ov… Read more Fastly posted a notably clean second quarter, reporting a loss of just $0.03 per share against a consensus estimate of $0.05, a 42.75% beat, while revenue of $148.71 million cleared Wall Street's $144.86 million target by 2.66% and grew 12.3% year-over-year to a company record. The most material driver behind the outperformance was a dramatic improvement in free cash flow, which swung to positive $10.91 million from negative $18.54 million a year ago, signaling that Fastly's long-awaited path to profitability is gaining credibility. Security revenue, up 15% year-over-year to $29.30 million, now accounts for 20% of total sales, reflecting meaningful platform diversification, while the company's net retention rate climbed to 104% and remaining performance obligations hit a record $315.10 million, up 41% year-over-year. In a competitive edge computing landscape where peers are also beating estimates, Fastly raised its full-year 2025 revenue guidance to $594.00 million to $602.00 million and now expects positive free cash flow for the year.
Key Takeaways
- • Go-to-market transformation driving increased customer acquisition and cross-sell
- • Security revenue growing 15% YoY and reaching 20% of total revenue
- • LTM net retention rate improved to 104% from 100% in Q1 2025
- • Product package deals grew more than 50% YoY; renewal-based packages grew over 130% YoY
- • Revenue from customers outside top 10 grew 17% YoY, diversifying revenue base
- • Record RPO of $315 million, up 41% YoY
FSLY YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
FSLY Revenue by Segment
With YoY comparisons, source: SEC Filings
“Fastly's second quarter performance resulted in another record revenue quarter, outperforming both our revenue and operating loss guidance. We are raising our financial guidance for 2025 and now expect to generate positive free cash flow for the year.”
— Kip Compton, Q2 2025 Earnings Press Release
FSLY Earnings Trends
FSLY vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
FSLY EPS Trend
Earnings per share: estimate vs actual
FSLY Revenue Trend
Quarterly revenue: estimate vs actual
FSLY Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.09 | $0.13 | +50.29% | $173.0M | +0.72% |
| Q4 25 BEAT FY | $0.06 | $0.12 | +109.06% | $172.6M | +6.97% |
| FY Full Year | $0.06 | $0.13 | +135.93% | $624.0M | +1.83% |
| Q3 25 BEAT | $0.00 | $0.07 | +34,900.00% | $158.2M | +4.76% |
| Q2 25 BEAT | $-0.05 | $-0.03 | +42.75% | $148.7M | +2.66% |
| Q1 25 BEAT | $-0.06 | $-0.05 | +19.61% | $144.5M | +4.39% |