Fastly (FSLY) Q3 FY2026 earnings: revenue $190 million, up 20.2% on the year

Fastly, Inc. (FSLY) reported revenue of $190 million for Q3 FY2026, the quarter ended 30 September 2026, up 20.2% on the same quarter a year earlier. Net income was -$11 million, and diluted earnings per share $-0.07. The figures are the company's own, from the 10-Q it filed with the SEC on 4 November 2026.

Revenue

$190 million

+20.2% on the year · +3.8% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

-5.9%

-18.2% a year earlier

Q4 FY2024Q3 FY2026

Net income

-$11 million

Q4 FY2024Q3 FY2026

Diluted EPS

-$0.07

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 4 raised, 4 new.

Revenue grew 20% to $190.2 million: Revenue was $190.2 million, up from $158.2 million a year earlier. Nine-month revenue was $546.5 million, against $451.4 million.
Operating loss narrowed; non-GAAP income rose: GAAP loss from operations was $11.3 million, or 5.9% of revenue, against $28.8 million, or 18.2%. Non-GAAP income from operations was $31.2 million, or 16.4% of revenue, against $11.6 million.
Security revenue grew 32%: Security, which covers protection of websites, apps, APIs and users, reached $44.7 million, up 32%.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	190	183	158	+3.8%	+20.2%
Cost of revenue	69.8	67.4	65.9	+3.6%	+5.9%
Gross profit	120	116	92.3	+3.8%	+30.4%
Gross margin	63.3%	63.3%	58.4%
Research and development	42.8	42.1	41.4	+1.7%	+3.2%
Operating income	-11.3	-14.4	-28.8
Operating margin	-5.9%	-7.9%	-18.2%
Interest expense	3.3	3.3	3.2	-1.0%	+4.9%
Pre-tax income	-11.7	-15.3	-28.9
Income tax	-0.5	0.3	0.6
Net income	-11.3	-15.6	-29.5
Net margin	-5.9%	-8.5%	-18.6%
Diluted EPS	-$0.07	-$0.10	-$0.20

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	40.0	39.3	28.9	+1.6%	+38.2%
Capital expenditure	11.0	31.6	6.0	-65.3%	+81.3%
Free cash flow	29.0	7.7	22.9	+276.3%	+26.8%
Free cash flow margin	15.3%	4.2%	14.5%
Cash from investing	-18.8	-98.7	-0.3
Cash from financing	2.5	2.5	2.1	+1.0%	+19.9%
Depreciation and amortisation	16.3	15.0	20.4	+8.7%	-20.1%
Share-based compensation	34.9	35.2	33.1	-0.7%	+5.4%
Diluted shares, weighted	160m	158m	148m	+1.5%	+8.0%
Shares outstanding at period end	161m	159m	149m	+1.2%	+7.8%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	1,004	991	937	+1.3%	+7.1%
Debt	324	324	338	+0.1%	-4.1%
Operating lease liabilities	48.4	44.2	47.1	+9.4%	+2.7%
Other liabilities	168	145	148	+16.0%	+13.0%
Total liabilities and equity	1,544	1,504	1,471	+2.7%	+5.0%
Goodwill	670	670	670	0.0%	0.0%
Intangible assets	19.9	21.2	28.1	-6.3%	-29.1%
Investments	252	248	230	+1.6%	+9.5%
Cash and equivalents	114	89.8	113	+26.4%	+0.3%
Receivables	115	114	109	+1.0%	+5.6%
Other assets	373	360	320	+3.6%	+16.6%
Total assets	1,544	1,504	1,471	+2.7%	+5.0%

Questions

What was Fastly's revenue in Q3 FY2026?

Fastly (FSLY) reported revenue of $190 million for Q3 FY2026, the quarter ended 30 September 2026, up 20.2% on the same quarter a year earlier.

How much did Fastly earn in Q3 FY2026?

Net loss for Q3 FY2026 was $11 million, and the diluted loss per share $0.07.

When did Fastly report Q3 FY2026 results?

Fastly filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 4 November 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	97.7	102	103	109	119	118	123	128	138	134	132	137	141	144	149	158	173	173	183	190
Cost of revenue	47.9	53.9	56.5	55.8	56.7	57.3	58.6	61.7	62.0	60.3	59.5	62.5	65.5	67.7	67.6	65.9	66.7	64.8	67.4	69.8
Gross profit	49.8	48.5	46.1	52.7	62.6	60.3	64.2	66.1	75.8	73.2	72.9	74.7	75.1	76.8	81.1	92.3	106	108	116	120
Gross margin	51%	47%	45%	49%	52%	51%	52%	52%	55%	55%	55%	54%	53%	53%	55%	58%	61%	63%	63%	63%
R&D	35.0	40.4	38.7	39.0	37.2	37.4	37.4	39.1	38.3	38.2	35.1	31.9	32.7	37.4	42.2	41.4	41.6	42.0	42.1	42.8
Operating income	-56.7	-63.0	-69.0	-65.8	-48.5	-47.3	-49.8	-58.3	-42.6	-46.3	-46.7	-40.6	-34.3	-38.2	-36.9	-28.8	-15.1	-23.9	-14.4	-11.3
Operating margin	-58%	-62%	-67%	-61%	-41%	-40%	-41%	-46%	-31%	-35%	-35%	-30%	-24%	-26%	-25%	-18%	-9%	-14%	-8%	-6%
Interest expense	1.6	1.6	1.5	1.4	1.4	1.2	1.2	0.9	0.7	0.6	0.5	0.5	1.2	3.2	3.2	3.2	3.2	3.3	3.3	3.3
Pre-tax income	-57.5	-64.2	-16.3	-63.3	-46.9	-44.6	-10.6	-54.3	-23.9	-43.1	-43.1	-37.6	-31.7	-38.5	-37.0	-28.9	-14.8	-24.7	-15.3	-11.7
Net income	-57.5	-64.3	-16.4	-63.4	-46.7	-44.7	-10.7	-54.3	-23.4	-43.4	-43.7	-38.0	-32.9	-39.1	-37.5	-29.5	-15.5	-20.5	-15.6	-11.3
Net margin	-59%	-63%	-16%	-58%	-39%	-38%	-9%	-42%	-17%	-33%	-33%	-28%	-23%	-27%	-25%	-19%	-9%	-12%	-9%	-6%
Diluted EPS	-$0.49	-$0.54	-$0.14	-$0.52	-$0.38	-$0.36	-$0.08	-$0.42	-$0.18	-$0.32	-$0.32	-$0.27	-$0.23	-$0.27	-$0.26	-$0.20	-$0.10	-$0.13	-$0.10	-$0.07
Operating cash flow	-7.9	-13.2	-16.7	-27.6	-12.1	-8.9	25.0	-8.4	-7.4	11.1	-4.9	5.0	5.2	17.3	25.8	28.9	22.4	28.9	39.3	40.0
Capital expenditure	3.5	2.4	6.4	2.6	8.5	3.5	4.5	0.3	2.7	1.6	1.8	2.0	5.0	2.6	9.9	6.0	10.2	21.0	31.6	11.0
Free cash flow	-11.5	-15.6	-23.1	-30.3	-20.7	-12.4	20.5	-8.7	-10.1	9.5	-6.7	3.0	0.3	14.7	15.9	22.9	12.2	7.8	7.7	29.0
Shares outstanding	119m	121m	122m	123m	124m	127m	129m	131m	133m	136m	138m	140m	142m	145m	147m	149m	152m	156m	159m	161m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 4 November 2026: the filing.