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Fastly Announces First Quarter 2025 Financial Results
Record Revenue of $144.5 million above high-end of guidance range Generates positive free cash flow of $8.2 million SAN FRANCISCO--(BUSINESS WIRE)-- Fastly,
About this update from Fastly, Inc.
[{"type":"text","content":"\nRecord Revenue of $144.5 million above high-end of guidance range\n\nGenerates positive free cash flow of $8.2 million\n\n SAN FRANCISCO--(BUSINESS WIRE)--\nFastly, Inc. (NYSE: FSLY), a leader in global edge cloud platforms, today announced financial results for its first quarter ended March 31, 2025.\n\n“Fastly outperformed our revenue and operating loss guidance in the first quarter, delivering positive free cash flow,” said Todd Nightingale, CEO of Fastly. “We made great progress in our go-to-market transformation, product release velocity, and growing traffic share with our large enterprise customers which all drove upside in our results.”\n\n“We are raising our financial guidance for 2025 and plan to enrich our current revenue mix with the platform enhancements we’ve recently shipped in security and compute,” continued Nightingale. “We believe this will improve our financial performance and allow Fastly to deliver strong, lasting shareholder returns.”\n\n\n\n \n\n\n\n \n\n\n\nThree months ended\n\n\nMarch 31,\n\n\n\n\n\n \n\n\n\n \n\n\n\n2025\n\n\n\n \n\n\n\n2024\n\n\n\n\n\nRevenue\n\n\n\n \n\n\n\n$\n\n\n\n144,474\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n133,520\n\n\n\n \n\n\n\n\n\nGross margin\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nGAAP gross margin\n\n\n\n \n\n\n\n \n\n\n\n53.2\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n54.8\n\n\n\n%\n\n\n\n\n\nNon-GAAP gross margin(1)\n\n\n\n \n\n\n\n \n\n\n\n57.3\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n59.6\n\n\n\n%\n\n\n\n\n\nOperating loss\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nGAAP operating loss\n\n\n\n \n\n\n\n$\n\n\n\n(38,179\n\n\n\n)\n\n\n\n \n\n\n\n$\n\n\n\n(46,260\n\n\n\n)\n\n\n\n\n\nNon-GAAP operating loss(1)\n\n\n\n \n\n\n\n$\n\n\n\n(5,845\n\n\n\n)\n\n\n\n \n\n\n\n$\n\n\n\n(8,509\n\n\n\n)\n\n\n\n\n\nNet loss per share\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nGAAP net loss per common share — basic and diluted\n\n\n\n \n\n\n\n$\n\n\n\n(0.27\n\n\n\n)\n\n\n\n \n\n\n\n$\n\n\n\n(0.32\n\n\n\n)\n\n\n\n\n\nNon-GAAP net loss per common share — basic and diluted(1)\n\n\n\n \n\n\n\n$\n\n\n\n(0.05\n\n\n\n)\n\n\n\n \n\n\n\n$\n\n\n\n(0.04\n\n\n\n)\n\n\n\n\nFor a reconciliation of non-GAAP financial measures to their corresponding GAAP measures, please refer to the reconciliation table at the end of this press release.\n\nFirst Quarter 2025 Financial Summary\n\n\nTotal revenue of $144.5 mi...