Q3 25 EPS
$0.07
BEAT +34,900.00%
Est. $0.00
Q3 25 Revenue
$158.2M
BEAT +4.76%
Est. $151.0M
vs S&P Since Q3 25
+83.2%
BEATING MARKET
FSLY +94.3% vs S&P +11.1%
Market Reaction
Did FSLY Beat Earnings? Q3 2025 Results
Fastly delivered a standout third quarter for fiscal 2025, posting earnings per share of $0.07 against a consensus estimate of just $0.00, a beat of 34,900%, while revenue of $158.22 million topped expectations of $151.04 million by 4.76% and grew 15… Read more Fastly delivered a standout third quarter for fiscal 2025, posting earnings per share of $0.07 against a consensus estimate of just $0.00, a beat of 34,900%, while revenue of $158.22 million topped expectations of $151.04 million by 4.76% and grew 15.3% year over year. The clearest driver behind the numbers was a dramatic improvement in operating leverage, with non-GAAP operating income surging to $11.61 million from $818,000 a year ago, as Security revenue, growing 30% year over year to $34 million, shifted the revenue mix toward higher-value offerings. Free cash flow flipped positive to $18.09 million from negative $7.11 million in Q3 2024, marking what the company called a significant inflection point. The performance puts Fastly in increasingly competitive territory with edge cloud rivals also gaining momentum. Looking ahead, Fastly guided Q4 2025 revenue to $159 million to $163 million, with full-year 2025 revenue expected between $610 million and $614 million, signaling continued confidence in sustaining its growth trajectory.
Key Takeaways
- • Security revenue grew 30% YoY, representing 21% of total revenue
- • Strong go-to-market cross-sell execution driving security product adoption
- • GAAP gross margin improved to 58.4% from 54.5% YoY; Non-GAAP gross margin improved to 62.8% from 58.6%
- • Enterprise customer count grew to 627, up 51 from Q3 2024
- • LTM Net Retention Rate increased to 106% from 104% in Q2 2025
- • Revenue from customers outside top ten grew 17% YoY, outpacing top ten customer revenue growth of 12%
- • RPO grew 16% YoY to $268 million
FSLY YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
FSLY Revenue by Segment
With YoY comparisons, source: SEC Filings
“We delivered record revenue, operating profit and free cash flow this quarter, delivering on the objective I set out for the team of accelerating growth and achieving operating leverage. The pace of feature roll-outs to our platform has improved dramatically over the last year and we're winning business with some of the most sought after customers worldwide. Our Security revenue growth of 30% year-over-year is a result of this momentum combined with our strong go-to-market cross-sell execution.”
— Kip Compton, Q3 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% |