Quarterly ResultMay 6, 2026, 04:26 PM
Fastly Q1 Revenue +20% to $173M; Net Loss Narrows to $20.5M
AI Summary
Fastly, Inc. reported a strong first quarter for 2026, with revenue increasing by nearly 20% year-over-year to $173.0 million. The company significantly narrowed its net loss by 48% to $20.5 million, or $0.13 per share. This improvement was supported by robust growth in its Security and Other product lines, as well as increased operating cash flow and a $38.6 million repayment of convertible senior notes.
Key Highlights
- Revenue increased 19.76% to $173.0 million for Q1 2026.
- Net loss narrowed by 47.57% to $20.5 million for Q1 2026.
- Net loss per share improved to $(0.13) from $(0.27) year-over-year.
- Gross profit rose 40.86% to $108.2 million in Q1 2026.
- Net cash provided by operating activities increased to $28.9 million.
- Security product line revenue grew 46.63% to $38.8 million in Q1 2026.
- Repaid $38.6 million in convertible senior notes during Q1 2026.
- Increased server useful life from 5 to 6 years, reducing net loss by $3.3 million.
Price Impact
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