Fastly, Inc.

FSLYInfrastructure

Fastly runs an edge cloud that makes websites and apps load fast.

Key figures

Data as of Jun 2026 · Pills compare vs Mar 2026

ARR Multiple

5.6x

+1.6x

ARR

$733M

+6.0%

YoY Growth

23.3%

+3.5pp

Market Cap

$4.1B

+40.6%

Revenue (Q)

$183M

+6.0%

Gross Margin

63.3%

+0.7pp

Op. Margin

-7.9%

+3.4pp

Rule of 40

15.4

+6.9

Magic Number

0.75

+0.72

Revenue, margins & ratios from SEC filings; market cap & ARR multiple from market data. Market cap & ARR multiple use the close of 2 Oct 2026; their pills compare vs the Jun 2026 quarter-end (4.0x).

Valuation by quarter

Current ARR Multiple: 4.0x· Forward at Q3 FY2026 guidance: 3.9x

Calculated valuation

FRAMEWORK EST.

Valuation data is not available for this company.

Strategy recommendations

Levers ranked by valuation impact

No recommendations for this company.

AI Replacement RiskLOW

13/ 100

LowModerateElevatedHigh

Estimated likelihood that general-purpose AI replaces this product.

Open AI Risk Calculator →

Why this rating

From the AI Risk Calculator model

Structural moats (regulation, integration depth, or proprietary data) make AI-only replacement unlikely in the near term.

What's driving the score

InfrastructureCategory baseline

low base

Workflow complexity5/5

-12 risk

Data moat3/5

-1 risk

Integration depthMedium

-4 risk

SegmentEnterprise

-8 risk

IndustryOther

neutral

Own AI integration0/5

+8 risk

Ways to reduce exposure

Embedding AI into your product is the cheapest way to ride the wave instead of being drowned by it. Even table-stakes copilots reframe the conversation with customers.

Company overview

Fastly runs an edge cloud that makes websites and apps load fast. The company was founded in 2011 in San Francisco. It went public in 2019.

Here is the core idea. Fastly puts servers close to your users all over the world. Content and code run at those edge locations instead of one far away data center. Pages appear quicker. Video buffers less. APIs respond in a blink.

Big internet brands lean on this. Shopify, Reddit, and Stripe have all used Fastly to stay fast during huge traffic spikes. Imagine a flash sale that sends a million shoppers to a store at once. The edge soaks up that load so the site stays up.

The platform goes beyond a plain content delivery network. Fastly Compute lets developers run their own code at the edge. The security side blocks bots, filters bad traffic, and shields apps from attacks. That security business grew fast after Fastly bought Signal Sciences.

Revenue runs around $580 million a year. Gross margins sit near 55 percent. Growth has been steady rather than explosive, and the company keeps pushing toward profit. Fastly competes with Cloudflare and Akamai every single day. Its edge on raw performance and developer control keeps it in the fight.