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Blackline vs Fastly: BL and FSLY compared
Blackline is the larger company: $193M of revenue in its latest quarter (Q3 2026) against $190M for Fastly (Q3 2026). Fastly is growing faster (+20% against +8% a year earlier). Blackline is more profitable, with an operating margin of 8.6% against -5.9%.
Where the money goes: BL and FSLY
Blackline (BL) · Q3 2026
Blackline, Q3 2026: revenue $193M (+8% year over year), operating margin 8.6%, net earnings $10.6M, operating cash flow $67.1M. The chart follows the revenue to costs, profit and cash.
Fastly (FSLY) · Q3 2026
Fastly, Q3 2026: revenue $190M (+20% year over year), operating margin -5.9%, net loss $11.3M, operating cash flow $40.0M. The chart follows the revenue to costs, profit and cash.
| Blackline (BL) | Fastly (FSLY) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $193M | $190M |
| Revenue growth, Y/Y | +8% | +20% |
| Gross margin | 75.7% | — |
| Operating margin | 8.6% | -5.9% |
| Net earnings | $10.6M | −$11.3M |
| Net margin | 5.5% | -5.9% |
| Operating cash flow | $67.1M | $40.0M |
| Free cash flow | $57.5M | $25.2M |
| Market value | $2.0B | $4.2B |
| P/E | 58.7× | — |
| Analysts’ mean target | $37.60 | $27.64 |
Where the revenue comes from
Blackline
- Subscription and support: $183M (95%)
- Professional services: $10.3M (5%)
Questions
Which is bigger, Blackline or Fastly?
Blackline is the larger company: $193M of revenue in its latest quarter (Q3 2026) against $190M for Fastly (Q3 2026).
Is Blackline or Fastly growing faster?
Fastly is growing faster (+20% against +8% a year earlier).
Which is more profitable, Blackline or Fastly?
Blackline is more profitable, with an operating margin of 8.6% against -5.9%.
More: Blackline earnings · how Blackline makes money · Fastly earnings · how Fastly makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.