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How Fastly (FSLY) makes money

Fastly (FSLY) made $190M of revenue in the third quarter 2026 (Q3 2026), +20% from a year earlier.

Drawing the Sankey…

Fastly: revenue by line, Q1 2025 to Q2 2026Fastly: revenue by line, Q1 2025 to Q2 2026Network ServicesSecurityOtherNetwork Services: $134M latest$134MSecurity: $41.7M latest$41.7MOther: $7.7M latestQ1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
Network Services went from 78% of revenue in Q1 2025 to 73% in Q2 2026, the largest shift in the mix.
Fastly revenue by quarterFastly revenue by quarter$144MQ1 2025$149MQ2 2025$158MQ3 2025$173MQ4 2025$173MQ1 2026$183MQ2 2026$190MQ3 2026
Fastly: where each dollar of revenue goesFastly: where each dollar of revenue goesOperating cash flow21¢Free cash flow13¢

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$190M100.0%
Operating cash flow$40.0M21.0%
Free cash flow$25.2M13.2%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$190M+20%
Q2 2026$183M+23%
Q1 2026$173M+20%
Q4 2025$173M+23%
Q3 2025$158M+15%
Q2 2025$149M+12%
Q1 2025$144M+8%

From Fastly's 10-Q filed Nov 4, 2026 (on EDGAR).

Questions

How does Fastly make money?

Fastly (FSLY) made $190M of revenue in the third quarter 2026 (Q3 2026), +20% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.