Fastly, Inc. · NASDAQ:FSLY
Fastly — Q2 2026 Earnings Presentation
12 slides from Fastly's earnings presentation, Aug 5, 2026
Slide 1: Second Quarter 2026 Investor Supplement
Second Quarter 2026 Investor Supplement Product Innovation and Developments Corporate Highlights • Released a joint announcement with LALIGA on the • Announced new research showing how rapidly growing collaboration of anti-piracy solutions that are AI traffic is reshaping the internet, growing 6.5x
Slide 2: Key Metrics
Key Metrics 1. Remaining Performance Obligations include future committed revenue for periods within current contracts with customers, as well as deferred revenue arising from consideration invoiced for which the related performance obligations have not been satisfied. During the third quarter of 20
Slide 3: Forward-Looking Statements
Forward-Looking Statements This investor supplement contains “forward-looking” statements that are based on our beliefs and assumptions and on information currently available to us. Forward-looking statements may involve known and unknown risks, uncertainties, and other factors that may cause our ac
Slide 4: Non-GAAP Financial Measures Definitions
Depreciation and Other Amortization Expense: consists of non-cash charges that can be affected by the timing and magnitude of asset purchases. Management considers its operating results without this activity when evaluating its ongoing adjusted EBITDA performance because these charges are non-cash e
Slide 5: Non-GAAP Financial Measures Definitions (continued)
Amortization of Capitalized Stock-Based Compensation - Cost of Revenue: in order to reflect the performance of our core business, ongoing operating results, or future outlook, and to be consistent with the way many investors evaluate our performance and compare our operating results to peer companie
Slide 6: Consolidated Statements of Operations – Quarterly
Consolidated Statements of Operations – Quarterly (unaudited, in thousands, except per share data) Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Revenue $ 137,206 $ 140,579 $ 144,474 $ 148,709 $ 158,223 $ 172,612 $ 173,021 $ 183,317 Cost of revenue(1) 62,466 65,516 67,676 67,593 65
Slide 7: Reconciliation of GAAP to Non-GAAP Financial Measures – Quarterly
Reconciliation of GAAP to Non-GAAP Financial Measures – Quarterly (unaudited, in thousands, except per share data) Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Gross profit GAAP gross profit $ 74,740 $ 75,063 $ 76,798 $ 81,116 $ 92,329 $105,960 $108,181 $115,951 Stock-based compen
Slide 8: Reconciliation of GAAP to Non-GAAP Financial Measures – Quarterly (Continued)
(1) Similar to stock-based compensation, we believe it is also appropriate to exclude employer payroll taxes related to stock-based compensation from our non-GAAP financial measures in order to reflect the performance of our core business and to be consistent with the way many investors evaluate our
Slide 9: Non-GAAP Consolidated Statements of Operations – Quarterly
Non-GAAP Consolidated Statements of Operations – Quarterly (unaudited, in thousands, except per share data) Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Revenue $ 137,206 $ 140,579 $ 144,474 $ 148,709 $ 158,223 $ 172,612 $ 173,021 $ 183,317 Cost of revenue(1)(2)(3) 56,742 59,760 6
Slide 10: Consolidated Balance Sheets – Quarterly
Consolidated Balance Sheets – Quarterly (unaudited, in thousands) Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Assets Current assets: Cash and cash equivalents $ 217,514 $ 286,175 $ 125,484 $ 82,487 $ 113,131 $ 180,563 $ 146,670 $ 89,798 Marketable securities 90,733 9,707 181,808
Slide 11: Consolidated Statements of Cash Flows – Quarterly
Consolidated Statements of Cash Flows – Quarterly (unaudited, in thousands) Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Cash flows from operating activities: Net loss $ (38,016) $ (32,886) $ (39,148) $ (37,541) $ (29,483) $ (15,505) $ (20,524) $ (15,591) Adjustments to reconcile
Slide 12: Free Cash Flow
Free Cash Flow (unaudited, in thousands) Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Net cash provided by operating activities $ 5,002 $ 5,220 $ 17,288 $ 25,798 $ 28,924 $ 22,434 $ 28,866 $ 39,334 Capital expenditures(1): Purchases of property and equipment (1,996) (4,969) (2,605