PerpEquities

Equity

Fastly, Inc. (FSLY) perpetual futures

Fastly provides an edge cloud computing platform that helps businesses deliver, secure and manage applications and content worldwide.

-10.4%NASDAQ closed
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Perpetual market activity

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24h volume
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Open interest
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Tightest spread
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Settlement mix
USDT · 1/1
Perp/spot vol.
-
OI / float
-
Spot performance
1D-10.37%
5D-15.05%
1M-5.83%
6M-8.51%
YTD+120.73%
1Y+171.38%

Venue matrix

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BingXTradeFSLY-USDTPlanned------USDT-
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Company data

Company fundamentals

Updated 18m ago
Market cap
$3.6B
Updated 18m ago
Revenue
$687.2M
Trailing 12 months
Revenue growth
+19%
Next fiscal year
Profit margin
-11.8%
P/E
-42.4
Peer P/E 24.0
Free cash flow
$42.2M
Trailing 12 months
More metrics
Net income
-$81.1M
Trailing 12 months
P/S
5.2
Peer P/E
24.0
Similar listed perps
Revenue estimate
$741M
Next fiscal year
Earnings
2026-11-04
Revenue est. $187.8M · Updated 18m ago
Dividend
-

Fundamental detail

Annual + quarterly
Latest revenue$624M
Net margin-19.5%
Free cash flow$65.8M
Net debt$249.6M
2020$290.9M
2021$354.3M
2022$432.7M
2023$506M
2024$543.7M
2025$624M
PeriodRevenueGrowthNet incomeFCF
2020$290.9M+45%-$95.9M-$57.4M
2021$354.3M+22%-$222.7M-$88.9M
2022$432.7M+22%-$190.8M-$150M
2023$506M+17%-$133.1M-$31.9M
2024$543.7M+7%-$158.1M-$20.8M
2025$624M+15%-$121.7M$65.8M
PeriodGross marginOperating marginNet marginROEROA
2020+58.7%-36.9%-33.0%-9.0%-7.9%
2021+52.9%-61.8%-62.9%-22.0%-10.3%
2022+48.5%-56.9%-44.1%-20.0%-10.1%
2023+52.6%-39.1%-26.3%-13.6%-8.7%
2024+54.4%-30.9%-29.1%-16.4%-10.9%
2025+57.1%-18.9%-19.5%-13.1%-8.1%
PeriodCashDebtNet debtCurrent ratio
2020$62.9M$90.5M$27.6M2.78
2021$166.1M$1.1B$885.9M4.74
2022$143.4M$833.5M$690.1M4.18
2023$107.9M$433.3M$325.4M3.14
2024$286.2M$404.7M$118.5M4.21
2025$180.6M$430.2M$249.6M2.61
PeriodMarket capEnterprise valueP/SP/E
2020$9B$9.1B31.1-93.9
2021$4.1B$5B11.6-18.5
2022$996.9M$1.7B2.3-5.2
2023$2.3B$2.6B4.5-17.3
2024$1.3B$1.4B2.4-8.3
2025$1.5B$1.7B2.4-12.3
Q3 2024$137.2M
Q4 2024$140.6M
Q1 2025$144.5M
Q2 2025$148.7M
Q3 2025$158.2M
Q4 2025$172.6M
Q1 2026$173M
Q2 2026$183.3M
PeriodRevenueGrowthNet incomeFCF
Q3 2024$137.2M+7%-$38M-$3.8M
Q4 2024$140.6M+2%-$32.9M-$5.4M
Q1 2025$144.5M+8%-$39.1M$9.9M
Q2 2025$148.7M+12%-$37.5M$20.7M
Q3 2025$158.2M+15%-$29.5M$18.2M
Q4 2025$172.6M+23%-$15.5M$12.2M
Q1 2026$173M+20%-$20.5M$4.1M
Q2 2026$183.3M+23%-$15.6M$7.7M
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+54.5%-29.6%-27.7%-3.9%-2.6%
Q4 2024+53.4%-24.4%-23.4%-3.4%-2.3%
Q1 2025+53.2%-26.4%-27.1%-4.1%-2.7%
Q2 2025+51.3%-24.6%-25.2%-4.0%-2.6%
Q3 2025+58.4%-18.2%-18.6%-3.1%-2.0%
Q4 2025+61.4%-8.6%-9.0%-1.7%-1.0%
Q1 2026+62.5%-13.8%-11.9%-2.1%-1.4%
Q2 2026+63.3%-7.9%-8.5%-1.6%-1.0%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$217.5M$413.8M$196.3M3.97
Q4 2024$286.2M$404.7M$118.5M4.21
Q1 2025$125.5M$402M$276.5M1.50
Q2 2025$82.5M$410.3M$327.8M1.49
Q3 2025$113.1M$408.9M$295.8M1.46
Q4 2025$180.6M$430.2M$249.6M2.61
Q1 2026$146.7M$397.7M$251.1M3.00
Q2 2026$89.8M$398.3M$308.5M3.36
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$1.1B$1.3B7.7-7.0
Q4 2024$1.3B$1.5B9.5-10.3
Q1 2025$907M$1.2B6.3-5.9
Q2 2025$1B$1.4B6.9-6.8
Q3 2025$1.3B$1.6B8.0-10.7
Q4 2025$1.5B$1.8B8.9-25.5
Q1 2026$4.5B$4.7B25.8-55.9
Q2 2026$2.9B$3.2B15.8-45.9

Refreshed 18m ago

Charts: revenue, profit, cash flow & valuation
Revenue$183.3MQ2 2026
$45.8M$91.7M$137.5M$183.3MQ3 2023: $127.8MQ4 2023: $137.8MQ1 2024: $133.5MQ2 2024: $132.4MQ3 2024: $137.2MQ4 2024: $140.6MQ1 2025: $144.5MQ2 2025: $148.7MQ3 2025: $158.2MQ4 2025: $172.6MQ1 2026: $173MQ2 2026: $183.3MQ3 2023Q2 2026
Net income-$15.6MQ2 2026
-$40.7M-$27.2M-$13.6MQ3 2023: -$54.3MQ4 2023: -$23.4MQ1 2024: -$43.4MQ2 2024: -$43.7MQ3 2024: -$38MQ4 2024: -$32.9MQ1 2025: -$39.1MQ2 2025: -$37.5MQ3 2025: -$29.5MQ4 2025: -$15.5MQ1 2026: -$20.5MQ2 2026: -$15.6MQ3 2023Q2 2026
EBITDA$3MQ2 2026
-$24.9M-$14.6M-$4.4M$5.9MQ3 2023: -$35.2MQ4 2023: -$4.6MQ1 2024: -$24.3MQ2 2024: -$24.4MQ3 2024: -$18.5MQ4 2024: -$11.8MQ1 2025: -$15.2MQ2 2025: -$13.8MQ3 2025: -$424KQ4 2025: $5.9MQ1 2026: -$7.2MQ2 2026: $3MQ3 2023Q2 2026
Free cash flow$7.7MQ2 2026
-$6.8M$2.4M$11.5M$20.7MQ3 2023: -$13.7MQ4 2023: -$16MQ1 2024: $2.7MQ2 2024: -$14.3MQ3 2024: -$3.8MQ4 2024: -$5.4MQ1 2025: $9.9MQ2 2025: $20.7MQ3 2025: $18.2MQ4 2025: $12.2MQ1 2026: $4.1MQ2 2026: $7.7MQ3 2023Q2 2026
EPS-$0.1Q2 2026
-$0.32-$0.21-$0.1Q3 2023: -$0.42Q4 2023: -$0.18Q1 2024: -$0.32Q2 2024: -$0.32Q3 2024: -$0.27Q4 2024: -$0.23Q1 2025: -$0.27Q2 2025: -$0.26Q3 2025: -$0.2Q4 2025: -$0.1Q1 2026: -$0.13Q2 2026: -$0.1Q3 2023Q2 2026
Cash / Debt$89.8MQ2 2026
$141.3M$282.6M$423.9M$565.2MQ3 2023 · Cash: $270.3MQ3 2023 · Debt: $565.2MQ4 2023 · Cash: $107.9MQ4 2023 · Debt: $433.3MQ1 2024 · Cash: $150.8MQ1 2024 · Debt: $425.7MQ2 2024 · Cash: $147.2MQ2 2024 · Debt: $422.4MQ3 2024 · Cash: $217.5MQ3 2024 · Debt: $413.8MQ4 2024 · Cash: $286.2MQ4 2024 · Debt: $404.7MQ1 2025 · Cash: $125.5MQ1 2025 · Debt: $402MQ2 2025 · Cash: $82.5MQ2 2025 · Debt: $410.3MQ3 2025 · Cash: $113.1MQ3 2025 · Debt: $408.9MQ4 2025 · Cash: $180.6MQ4 2025 · Debt: $430.2MQ1 2026 · Cash: $146.7MQ1 2026 · Debt: $397.7MQ2 2026 · Cash: $89.8MQ2 2026 · Debt: $398.3MQ3 2023Q2 2026
CashDebt
Profitability+63.3%Q2 2026
-18.4%+8.8%+36.0%+63.3%Q3 2023 · Gross margin: +51.7%Q4 2023 · Gross margin: +55.0%Q1 2024 · Gross margin: +54.8%Q2 2024 · Gross margin: +55.1%Q3 2024 · Gross margin: +54.5%Q4 2024 · Gross margin: +53.4%Q1 2025 · Gross margin: +53.2%Q2 2025 · Gross margin: +51.3%Q3 2025 · Gross margin: +58.4%Q4 2025 · Gross margin: +61.4%Q1 2026 · Gross margin: +62.5%Q2 2026 · Gross margin: +63.3%Q3 2023 · Operating margin: -45.6%Q4 2023 · Operating margin: -30.9%Q1 2024 · Operating margin: -34.6%Q2 2024 · Operating margin: -35.3%Q3 2024 · Operating margin: -29.6%Q4 2024 · Operating margin: -24.4%Q1 2025 · Operating margin: -26.4%Q2 2025 · Operating margin: -24.6%Q3 2025 · Operating margin: -18.2%Q4 2025 · Operating margin: -8.6%Q1 2026 · Operating margin: -13.8%Q2 2026 · Operating margin: -7.9%Q3 2023 · Net margin: -42.5%Q4 2023 · Net margin: -17.0%Q1 2024 · Net margin: -32.5%Q2 2024 · Net margin: -33.0%Q3 2024 · Net margin: -27.7%Q4 2024 · Net margin: -23.4%Q1 2025 · Net margin: -27.1%Q2 2025 · Net margin: -25.2%Q3 2025 · Net margin: -18.6%Q4 2025 · Net margin: -9.0%Q1 2026 · Net margin: -11.9%Q2 2026 · Net margin: -8.5%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+23.3%Q2 2026
+5.8%+11.6%+17.5%+23.3%Q3 2024: +7.3%Q4 2024: +2.0%Q1 2025: +8.2%Q2 2025: +12.3%Q3 2025: +15.3%Q4 2025: +22.8%Q1 2026: +19.8%Q2 2026: +23.3%Q3 2023Q2 2026
Shares outstanding157.6MQ2 2026
39.4M78.8M118.2M157.6MQ3 2023: 129.9MQ4 2023: 131.8MQ1 2024: 134.6MQ2 2024: 137.4MQ3 2024: 139.2MQ4 2024: 141.1MQ1 2025: 143.3MQ2 2025: 145.8MQ3 2025: 148.1MQ4 2025: 150.3MQ1 2026: 153.6MQ2 2026: 157.6MQ3 2023Q2 2026
Valuation-45.9Q2 2026
-35.5-15.05.425.8Q3 2023 · P/E: -11.4Q4 2023 · P/E: -24.7Q1 2024 · P/E: -10.2Q2 2024 · P/E: -5.6Q3 2024 · P/E: -7.0Q4 2024 · P/E: -10.3Q1 2025 · P/E: -5.9Q2 2025 · P/E: -6.8Q3 2025 · P/E: -10.7Q4 2025 · P/E: -25.5Q1 2026 · P/E: -55.9Q2 2026 · P/E: -45.9Q3 2023 · P/S: 19.5Q4 2023 · P/S: 17.0Q1 2024 · P/S: 13.2Q2 2024 · P/S: 7.5Q3 2024 · P/S: 7.7Q4 2024 · P/S: 9.5Q1 2025 · P/S: 6.3Q2 2025 · P/S: 6.9Q3 2025 · P/S: 8.0Q4 2025 · P/S: 8.9Q1 2026 · P/S: 25.8Q2 2026 · P/S: 15.8Q3 2023Q2 2026
P/EP/S
Revenue$624M2025
$156M$312M$468M$624M2018: $144.6M2019: $200.5M2020: $290.9M2021: $354.3M2022: $432.7M2023: $506M2024: $543.7M2025: $624M20182025
Net income-$121.7M2025
-$167M-$111.3M-$55.7M2018: -$30.9M2019: -$51.6M2020: -$95.9M2021: -$222.7M2022: -$190.8M2023: -$133.1M2024: -$158.1M2025: -$121.7M20182025
EBITDA-$28.6M2025
-$125.5M-$83.7M-$41.8M2018: -$15.5M2019: -$29.3M2020: -$80.8M2021: -$167.3M2022: -$120.5M2023: -$57.2M2024: -$79.1M2025: -$28.6M20182025
Free cash flow$65.8M2025
-$96M-$42.1M$11.8M$65.8M2018: -$36.6M2019: -$51.4M2020: -$57.4M2021: -$88.9M2022: -$150M2023: -$31.9M2024: -$20.8M2025: $65.8M20182025
EPS-$0.832025
-$1.44-$0.96-$0.482018: -$0.392019: -$0.752020: -$0.932021: -$1.922022: -$1.572023: -$1.032024: -$1.142025: -$0.8320182025
Cash / Debt$180.6M2025
$263M$526M$789M$1.1B2018 · Cash: $37M2018 · Debt: $50.8M2019 · Cash: $16.1M2019 · Debt: $29.6M2020 · Cash: $62.9M2020 · Debt: $90.5M2021 · Cash: $166.1M2021 · Debt: $1.1B2022 · Cash: $143.4M2022 · Debt: $833.5M2023 · Cash: $107.9M2023 · Debt: $433.3M2024 · Cash: $286.2M2024 · Debt: $404.7M2025 · Cash: $180.6M2025 · Debt: $430.2M20182025
CashDebt
Profitability+57.1%2025
-32.5%-2.1%+28.3%+58.7%2018 · Gross margin: +54.7%2019 · Gross margin: +55.9%2020 · Gross margin: +58.7%2021 · Gross margin: +52.9%2022 · Gross margin: +48.5%2023 · Gross margin: +52.6%2024 · Gross margin: +54.4%2025 · Gross margin: +57.1%2018 · Operating margin: -20.2%2019 · Operating margin: -23.2%2020 · Operating margin: -36.9%2021 · Operating margin: -61.8%2022 · Operating margin: -56.9%2023 · Operating margin: -39.1%2024 · Operating margin: -30.9%2025 · Operating margin: -18.9%2018 · Net margin: -21.4%2019 · Net margin: -25.7%2020 · Net margin: -33.0%2021 · Net margin: -62.9%2022 · Net margin: -44.1%2023 · Net margin: -26.3%2024 · Net margin: -29.1%2025 · Net margin: -19.5%20182025
Gross marginOperating marginNet margin
Revenue growth+14.8%2025
+11.3%+22.6%+33.8%+45.1%2019: +38.7%2020: +45.1%2021: +21.8%2022: +22.1%2023: +16.9%2024: +7.4%2025: +14.8%20182025
Shares outstanding146.9M2025
36.7M73.5M110.2M146.9M2018: 78.9M2019: 68.4M2020: 103.6M2021: 116.1M2022: 121.7M2023: 128.8M2024: 138.1M2025: 146.9M20182025
Valuation-12.32025
-62.7-31.4-0.231.12018 · P/E: -61.52019 · P/E: -26.82020 · P/E: -93.92021 · P/E: -18.52022 · P/E: -5.22023 · P/E: -17.32024 · P/E: -8.32025 · P/E: -12.32018 · P/S: 13.12019 · P/S: 6.82020 · P/S: 31.12021 · P/S: 11.62022 · P/S: 2.32023 · P/S: 4.52024 · P/S: 2.42025 · P/S: 2.420182025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-11-04
Revenue est. $187.8M · Updated 18m ago

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20260.52$741M+19%7
FY 20270.64$850.7M+36%7
FY 20280.79$974.9M+56%4
FY 20290.81$1.1B+79%2
FY 20300.94$1.2B+89%4
Q1 20270.13$199.9M+16%3

Company events

6
2026-11-04EarningsActual - / Estimate 0.12-
2026-08-05EarningsActual 0.15 / Estimate 0.07Beat
2026-05-06EarningsActual 0.13 / Estimate 0.08Beat
2026-02-11EarningsActual 0.12 / Estimate 0.06Beat
2025-11-05EarningsActual 0.07 / Estimate 0.06Beat
2025-08-06EarningsActual -0.03 / Estimate -0.05Beat

Peer comparison

Similar listed perps

Analyst track record

How the analysts covering FSLY have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings66166
Analysts1521
Buy / hold / sell23 / 40 / 340 / 116 / 10
Upgrades / downgrades / initiations4 / 1 / 39 / 6 / 4
Price targets hit / missed23 / 21 (52%)92 / 26 (78%)
Avg. return after a rating (TipRanks)+31.6%+102.8%
Best / worst call+149.7% / -39.3%+349.4% / -39.3%

After buy calls on this stock: median 21-day move -3.9% vs S&P 500 -3.5% (n = 37)

Latest ratings

DateAnalystCallTarget
Oct 9, 2026Param SinghOppenheimerBuyUpgraded$35.00
Sep 25, 2026Fatima BoolaniCitiHoldMaintained–
Sep 23, 2026Almas AlmaganbetovFreedom Capital MarketsBuyMaintained$37.00
Sep 23, 2026Frank LouthanRaymond JamesBuyMaintained$29.00
Sep 23, 2026Peter LevineEvercore ISIBuyMaintained$32.00

TipRanks data via FMP · computed Oct 19, 2026 · 66 ratings

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