Filing Flows › Fastly (FSLY) › Q1 2025
Fastly (FSLY) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Fastly (FSLY) reported revenue of $144M for the first quarter 2025 (Q1 2025), +8% from a year earlier and +3% from the quarter before. Operating margin was -26.4%, net loss $39.1M (27.1% of revenue).
Fastly, Q1 2025: revenue $144M (+8% year over year), operating margin -26.4%, net loss $39.1M, operating cash flow $17.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $144M | +3% | +8% |
| Operating profit | −$38.2M | — | — |
| Net earnings | −$39.1M | — | — |
| Operating cash flow | $17.3M | +231% | +55% |
| Free cash flow | $8.2M | — | — |
What changed
Revenue was $144.5M in Q1 2025, up 8% year over year and up 3% from the previous quarter. Network Services was the largest line at 78% of revenue. Network Services added $7.2M year over year (up 7%), 66% of the total change.
Gross margin was 53.2%, down 1.7 points from a year earlier. Operating costs exceeded revenue by $38.2M, an operating margin of -26.4%. Operating expenses fell 4% while revenue rose 8%. The quarter ended with a net loss of $39.1M, wider than the previous quarter's $32.9M loss.
Operating cash flow was $17.3M (up 55% year over year). Non-cash charges added back $20.1M of depreciation and amortization and $25.6M of share-based compensation. Working capital and other items added $10.8M. After capital expenditures ($9.1M), free cash flow as the company reports it was $8.2M.
Questions
What was Fastly's revenue in the first quarter 2025?
Fastly (FSLY) reported revenue of $144M for the first quarter 2025 (Q1 2025), +8% from a year earlier and +3% from the quarter before.
Was Fastly profitable in the first quarter 2025?
Operating loss was $38.2M (-26.4% of revenue) and net loss $39.1M.
Source: Fastly 10-Q on SEC EDGAR.