Filing Flows › Fastly (FSLY) › Q2 2025
Fastly (FSLY) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Fastly (FSLY) reported revenue of $149M for the second quarter 2025 (Q2 2025), +12% from a year earlier and +3% from the quarter before. Operating margin was -24.8%, net loss $37.5M (25.2% of revenue).
Fastly, Q2 2025: revenue $149M (+12% year over year), operating margin -24.8%, net loss $37.5M, operating cash flow $25.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $149M | +3% | +12% |
| Operating profit | −$36.9M | — | — |
| Net earnings | −$37.5M | — | — |
| Operating cash flow | $25.8M | +49% | — |
| Free cash flow | $10.9M | — | — |
What changed
Revenue was $148.7M in Q2 2025, up 12% year over year and up 3% from the previous quarter. Network Services was the largest line at 77% of revenue. Network Services added $10.7M year over year (up 10%), 66% of the total change.
Gross margin was 54.5%, down 0.5 points from a year earlier. Operating costs exceeded revenue by $36.9M, an operating margin of -24.8%. Operating expenses fell 1% while revenue rose 12%. The fastest-growing cost line was Research & development (+20%). The quarter ended with a net loss of $37.5M, narrower than the previous quarter's $39.1M loss.
Operating cash flow was $25.8M. Non-cash charges added back $19.9M of depreciation and amortization and $26.3M of share-based compensation. Working capital and other items added $17.1M. After capital expenditures ($14.9M), free cash flow as the company reports it was $10.9M.
Questions
What was Fastly's revenue in the second quarter 2025?
Fastly (FSLY) reported revenue of $149M for the second quarter 2025 (Q2 2025), +12% from a year earlier and +3% from the quarter before.
Was Fastly profitable in the second quarter 2025?
Operating loss was $36.9M (-24.8% of revenue) and net loss $37.5M.
Source: Fastly 10-Q on SEC EDGAR.