**Fastly, Inc. Reports Fiscal Year 2025 Results**

Fastly, Inc. (FSLY) released its financial results for the fiscal year ended December 31, 2025, showcasing a revenue of $624.0 million, a 15% increase compared to the $543.7 million reported in the previous fiscal year. The company's net loss for the year was $121.7 million, a decrease from the $158.1 million net loss reported in 2024. The company's revenue was primarily driven by usage-based fees from its edge cloud platform, with a significant portion coming from enterprise customers. The company's 10 largest customers accounted for 32% of the total revenue.

The company's revenue is disaggregated into three product lines: Network Services, Security, and Other. Network Services revenue increased by 12% to $477.8 million, while Security revenue grew by 21% to $125.1 million. The "Other" revenue category, which includes Compute and Observability solutions, experienced the highest growth rate, increasing by 64% to $21.2 million. The company's cost of revenue increased by 8% to $267.8 million, resulting in a gross profit of $356.2 million and a gross margin of 57%, compared to 54% in the previous year.

Operating expenses totaled $475.2 million, a 2% increase from the previous year. Research and development expenses increased by 18% to $162.7 million, while sales and marketing expenses increased by 1% to $201.4 million. General and administrative expenses decreased by 2% to $110.7 million. The company also reported an impairment expense of $0.4 million and no restructuring charges, compared to $4.1 million and $9.7 million, respectively, in the previous year. The company's LTM NRR was 110.1% as of December 31, 2025, compared to 102.3% as of December 31, 2024.

Looking ahead, Fastly is focused on expanding its customer base, enhancing its product offerings, and investing in technology and infrastructure. The company's remaining performance obligations (RPO) as of December 31, 2025, were $353.8 million. The company's board of directors receives periodic reports from the Chief Information Security Officer (CISO) concerning the company's significant cybersecurity threats and risks and the processes the company has implemented to address them. The company's CISO is responsible for hiring appropriate personnel, helping to integrate cybersecurity risk considerations into the company’s overall risk management strategy, and communicating key priorities to relevant personnel.

About Fastly, Inc.

Fastly, Inc. operates an edge cloud platform that enables organizations to deliver fast, secure, and engaging digital experiences. Its services include content delivery, edge computing, security solutions, and observability tools, serving enterprises and developers worldwide. The company's business model focuses on programmable, scalable infrastructure, real-time visibility, and security, supporting diverse industries and fostering innovation through a global network, strategic partnerships, and developer-centric products.

This description was generated via AI from an annual report. Updated 8 months ago.

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