Fastly Inc. Class A Common Stock (FSLY)

FairStock Score: 48/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a Buffett/Graham investor, I look for durable earning power and a margin of safety. Fastly is an edge cloud platform, but the filed numbers show it has not yet earned a profit in the last four years; the Lynch screen therefore gives it no category. Revenue is growing: fiscal 2025 revenue was $624.0M versus $543.7M in fiscal 2024, and in the quarter ended June 30, 2026, revenue was $183.3M. Losses are shrinking: fiscal 2025 net loss was $121.7M versus $158.1M in fiscal 2024; in the quarter ended June 30, 2026, net loss was $15.6M, an -8.50% margin. TTM FCF is $34.4M, but against the $4.3B market cap at the 2026-10-13 close, that's only a 0.8% FCF yield. FairStock shows P/B 4.35, ROE -8.39%, ROCE -3.46%, and negative P/E -51.11. A low beta 0.36 and Altman Z 4.34 suggest less financial distress risk, and D/E 0.40 is manageable. But Piotroski 6/9 and FairStock Score 48/100 point to average quality. The competitive edge cloud/CDN field is capital- and price-intensive; I see no proof of a durable moat or pricing power. Growth is real, but the company must convert it into consistent positive earnings and cash returns. Until then, the price at $27.09 is not a Graham bargain; it already discounts a lot of future improvement. I'd rather wait for evidence of sustained profitability than pay up for a story.

In plain English: Fastly runs an edge cloud platform that helps websites and apps move data, load faster, and stay secure. Sales are growing and losses are getting smaller, but the company still loses money. At $27.09, the shares look expensive compared with profits, accounting value, and the small amount of cash the business generates.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer