Filing Flows › Fastly (FSLY) › Q1 2026
Fastly (FSLY) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Fastly (FSLY) reported revenue of $173M for the first quarter 2026 (Q1 2026), +20% from a year earlier and +0.2% from the quarter before. Operating margin was -13.8%, net loss $20.5M (11.9% of revenue).
Fastly, Q1 2026: revenue $173M (+20% year over year), operating margin -13.8%, net loss $20.5M, operating cash flow $28.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $173M | +0.2% | +20% |
| Operating profit | −$23.9M | — | — |
| Net earnings | −$20.5M | — | — |
| Operating cash flow | $28.9M | +29% | +67% |
| Free cash flow | $4.1M | — | -50% |
What changed
Revenue was $173.0M in Q1 2026, up 20% year over year and roughly flat from the previous quarter. Network Services was the largest line at 73% of revenue. Network Services added $13.0M year over year (up 11%), 46% of the total change.
Gross margin was 62.5%, up 9.4 points from Q1 2025. Operating costs exceeded revenue by $23.9M, an operating margin of -13.8%. Operating expenses grew 15% against revenue growth of 20%. The fastest-growing cost line was General & admin (+24%). The quarter ended with a net loss of $20.5M, wider than the previous quarter's $15.5M loss.
Operating cash flow was $28.9M (up 67% year over year). Non-cash charges added back $14.2M of depreciation and amortization and $35.0M of share-based compensation. After capital expenditures ($24.8M), free cash flow as the company reports it was $4.1M.
Questions
What was Fastly's revenue in the first quarter 2026?
Fastly (FSLY) reported revenue of $173M for the first quarter 2026 (Q1 2026), +20% from a year earlier and +0.2% from the quarter before.
Was Fastly profitable in the first quarter 2026?
Operating loss was $23.9M (-13.8% of revenue) and net loss $20.5M.
Source: Fastly 10-Q on SEC EDGAR.