Fastly, Inc.
FSLY · Services-Prepackaged Software · 156.5M shares · +17%/yr ↑ dilution · EDGAR filings ↗
Reference price $17.77 · est. market cap ~$2.8B — last insider sale, 2026-06-17 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C54Edge-cloud provider with GAAP losses but positive FCF and adequate liquidity.
Strengths
- Positive free cash flow — FCF $65.8M (32nd)
- Adequate liquidity — current ratio 2.61 (81st)
Risks
- GAAP unprofitable — ROE -13.1% (24th), ROA -8.1%
- Falling earnings — net income -23.0% (45th)
- Intense CDN/edge competition — per 10-K
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Auditor changeRecent 8-K item 4.01 8-K ↗
- Customer concentration~33% of revenue from one customer/distributor — Our 10 largest customers generated an aggregate of 32% and 33% of our revenue in the trailing 12 months ended December 31, 2025 and 2024, respectively
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Chronic dilutionShare count +17%/yr over 4y (dilution, book value/share -51%)
- Strong balance sheetStrong balance sheet — $362M cash & investments
- AccumulatingInstitutional holders rose 8→13 QoQ (2025-12-31→2026-03-31)
- New fund positionNotable fund(s) opened this quarter: Bridgewater Associates, LP
- Insider sellingInsider selling — 85 open-market sale(s) by 6 insider(s) (cluster of 6 insiders, ~$47M, last 6mo) Form 4 ↗
- Notable holderHeld by 6 notable fund(s): FMR LLC, CITADEL ADVISORS LLC, STATE STREET CORP +3 more (as of 2026-03-31)
Key metrics
Return on equity
-13.1%
Return on assets
-8.1%
ROIC
-7.5%
Debt / equity
0.3×
Current ratio
2.6×
Free cash flow
$66M
Tangible book value
$233M
Cash & investments
$362M
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-17 | Lovett Scott R. | Sell | 42K | $17.77 |
| 2026-06-16 | Lovett Scott R. | Sell | 35K | $18.15 |
| 2026-06-03 | Meyers Charles J | Grant | 9.6K | — |
| 2026-06-03 | PAISLEY CHRISTOPHER B | Grant | 9.6K | — |
| 2026-06-03 | Compton Charles Lacey III | Sell | 3.5K | $20.17 |
| 2026-06-03 | Compton Charles Lacey III | Sell | 5.7K | $21.15 |
| 2026-06-03 | Compton Charles Lacey III | Sell | 85 | $21.85 |
| 2026-06-03 | Smith Vanessa C. | Grant | 9.6K | — |
| 2026-06-03 | Bergman Artur | Sell | 1.1K | $19.84 |
| 2026-06-03 | Bergman Artur | Sell | 6.7K | $21.13 |
| 2026-06-03 | Loop Paula | Grant | 9.6K | — |
| 2026-06-03 | ALVAREZ AIDA | Grant | 9.6K | — |
| 2026-06-03 | Daniels Richard Devon | Grant | 9.6K | — |
| 2026-06-03 | Bergman Artur | Sell | 100 | $21.83 |
| 2026-06-03 | Hornik David | Grant | 9.6K | — |
| 2026-05-29 | Compton Charles Lacey III | Sell | 15K | $16.96 |
| 2026-05-29 | PAISLEY CHRISTOPHER B | Sell | 1.0K | $16.96 |
| 2026-05-29 | Lovett Scott R. | Sell | 20K | $16.96 |
| 2026-05-29 | Bergman Artur | Sell | 6.2K | $16.96 |
| 2026-05-28 | Bergman Artur | Sell | 1.1K | $17.02 |
| 2026-05-27 | Bergman Artur | Sell | 852 | $17.50 |
| 2026-05-21 | WONG RICHARD | Sell | 2.5K | $16.48 |
| 2026-05-20 | WONG RICHARD | Grant | 2.5K | $9.27 |
| 2026-05-19 | Bergman Artur | Sell | 32K | $16.41 |
| 2026-05-19 | WONG RICHARD | Sell | 6.3K | $16.35 |
| 2026-05-19 | Compton Charles Lacey III | Sell | 11K | $16.48 |
| 2026-05-18 | Compton Charles Lacey III | Sell | 34K | $16.85 |
| 2026-05-18 | Bergman Artur | Sell | 32K | $16.85 |
| 2026-05-18 | WONG RICHARD | Sell | 3.6K | $16.85 |
| 2026-05-18 | Lovett Scott R. | Sell | 15K | $16.85 |
| 2026-04-17 | Compton Charles Lacey III | Sell | 6.7K | $24.52 |
| 2026-04-17 | Compton Charles Lacey III | Sell | 400 | $25.40 |
| 2026-04-16 | Compton Charles Lacey III | Sell | 11K | $25.00 |
| 2026-04-16 | Compton Charles Lacey III | Sell | 11K | $23.69 |
| 2026-03-18 | Lovett Scott R. | Sell | 12K | $26.71 |
| 2026-03-18 | Lovett Scott R. | Sell | 6.4K | $24.86 |
| 2026-03-18 | Lovett Scott R. | Sell | 7.7K | $25.63 |
| 2026-03-18 | Lovett Scott R. | Sell | 16K | $27.30 |
| 2026-03-17 | Lovett Scott R. | Sell | 35K | $22.28 |
| 2026-03-11 | Compton Charles Lacey III | Sell | 49K | $25.00 |
| 2026-03-10 | Bergman Artur | Sell | 265K | $22.79 |
| 2026-03-09 | Bergman Artur | Sell | 7.0K | $20.16 |
| 2026-03-09 | Bergman Artur | Sell | 26K | $21.13 |
| 2026-03-09 | Bergman Artur | Sell | 7.5K | $21.73 |
| 2026-03-06 | WONG RICHARD | Sell | 5.5K | $21.08 |
| 2026-03-06 | Daniels Richard Devon | Sell | 15K | $20.89 |
| 2026-03-05 | Compton Charles Lacey III | Sell | 29K | $20.55 |
| 2026-03-05 | Compton Charles Lacey III | Sell | 7.4K | $21.22 |
| 2026-03-05 | Bergman Artur | Sell | 24K | $20.54 |
| 2026-03-05 | Bergman Artur | Sell | 6.6K | $21.23 |
| 2026-03-04 | Lovett Scott R. | Grant | 136K | — |
| 2026-03-04 | Lovett Scott R. | Sell | 74K | $21.06 |
| 2026-03-04 | Compton Charles Lacey III | Sell | 12K | $20.33 |
| 2026-03-04 | Compton Charles Lacey III | Grant | 374K | — |
| 2026-03-04 | Bergman Artur | Grant | 157K | — |
| 2026-03-04 | Bergman Artur | Sell | 25K | $21.06 |
| 2026-03-04 | Compton Charles Lacey III | Sell | 1.6K | $21.01 |
| 2026-03-04 | WONG RICHARD | Grant | 119K | — |
| 2026-03-04 | Compton Charles Lacey III | Sell | 59K | $21.06 |
| 2026-03-03 | Compton Charles Lacey III | Sell | 13K | $20.30 |
| 2026-03-03 | Bergman Artur | Gift | 50K | — |
| 2026-03-03 | Bergman Artur | Gift | 204K | — |
| 2026-03-03 | Bergman Artur | Sell | 5.7K | $20.30 |
| 2026-03-03 | WONG RICHARD | Sell | 3.7K | $20.30 |
| 2026-03-02 | Bergman Artur | Sell | 188K | $20.44 |
| 2026-03-02 | Bergman Artur | Sell | 73K | $21.07 |
| 2026-03-02 | Bergman Artur | Sell | 1.1K | $18.77 |
| 2026-03-02 | Bergman Artur | Sell | 13K | $19.55 |
| 2026-02-28 | Lovett Scott R. | Grant | 109K | — |
| 2026-02-28 | Lovett Scott R. | Grant | 38K | — |
| 2026-02-28 | Lovett Scott R. | Grant | 376K | — |
| 2026-02-28 | WONG RICHARD | Grant | 9.2K | — |
| 2026-02-28 | Compton Charles Lacey III | Grant | 27K | — |
| 2026-02-28 | Compton Charles Lacey III | Grant | 87K | — |
| 2026-02-28 | Compton Charles Lacey III | Grant | 263K | — |
| 2026-02-28 | Bergman Artur | Grant | 12K | — |
| 2026-02-28 | Bergman Artur | Grant | 169K | — |
| 2026-02-27 | Bergman Artur | Sell | 869 | $17.50 |
| 2026-02-23 | Bergman Artur | Sell | 40K | $17.08 |
| 2026-02-19 | Compton Charles Lacey III | Sell | 5.4K | $19.52 |
| 2026-02-19 | Compton Charles Lacey III | Sell | 8.1K | $18.26 |
| 2026-02-19 | Compton Charles Lacey III | Sell | 1.3K | $20.11 |
| 2026-02-19 | Bergman Artur | Sell | 21K | $18.24 |
| 2026-02-19 | Bergman Artur | Sell | 15K | $19.51 |
| 2026-02-19 | Bergman Artur | Sell | 3.9K | $20.10 |
| 2026-02-19 | Bergman Artur | Sell | 35K | $20.10 |
| 2026-02-18 | Lovett Scott R. | Sell | 6.6K | $17.53 |
| 2026-02-18 | Compton Charles Lacey III | Sell | 13K | $17.53 |
| 2026-02-18 | Bergman Artur | Sell | 18K | $17.53 |
| 2026-02-17 | Bergman Artur | Sell | 12K | $17.80 |
| 2026-02-17 | Bergman Artur | Sell | 28K | $17.42 |
| 2026-02-13 | Bergman Artur | Sell | 70K | $18.75 |
| 2026-02-13 | Bergman Artur | Sell | 20K | $18.25 |
| 2026-02-13 | Bergman Artur | Sell | 131K | $18.25 |
| 2026-02-12 | Bergman Artur | Sell | 247K | $16.11 |
| 2026-02-12 | Bergman Artur | Sell | 4.7K | $13.88 |
| 2026-02-12 | Bergman Artur | Sell | 200K | $15.11 |
| 2026-02-12 | Bergman Artur | Sell | 132K | $17.19 |
| 2026-02-12 | Bergman Artur | Sell | 36K | $17.69 |
| 2026-02-09 | Bergman Artur | Sell | 20K | $8.84 |
| 2026-02-04 | Bergman Artur | Grant | 9.6K | — |
| 2026-02-02 | Bergman Artur | Sell | 20K | $9.36 |
| 2026-01-27 | Bergman Artur | Sell | 49K | $10.40 |
| 2026-01-26 | Bergman Artur | Sell | 31K | $9.92 |
| 2026-01-20 | Bergman Artur | Sell | 20K | $8.18 |
| 2026-01-20 | Compton Charles Lacey III | Sell | 4.6K | $8.81 |
| 2026-01-16 | Compton Charles Lacey III | Sell | 9.0K | $9.07 |
| 2026-01-12 | Bergman Artur | Sell | 20K | $9.35 |
| 2026-01-05 | Bergman Artur | Sell | 40K | $10.27 |
| 2025-12-29 | Bergman Artur | Sell | 40K | $10.23 |
| 2025-12-22 | Bergman Artur | Sell | 40K | $10.59 |
| 2025-12-17 | Lovett Scott R. | Sell | 42K | $10.10 |
| 2025-12-16 | Lovett Scott R. | Sell | 35K | $10.15 |
| 2025-12-15 | Bergman Artur | Sell | 40K | $10.50 |
| 2025-12-08 | Bergman Artur | Sell | 40K | $10.66 |
| 2025-12-02 | Bergman Artur | Sell | 3.2K | $12.51 |
| 2025-12-01 | Bergman Artur | Sell | 1.1K | $11.45 |
| 2025-12-01 | Bergman Artur | Sell | 40K | $11.51 |
| 2025-11-28 | Bergman Artur | Sell | 849 | $11.82 |
| 2025-11-26 | Compton Charles Lacey III | Sell | 15K | $11.79 |
| 2025-11-24 | Bergman Artur | Sell | 40K | $11.43 |
| 2025-11-18 | Lovett Scott R. | Sell | 9.8K | $10.23 |
| 2025-11-18 | Bergman Artur | Sell | 28K | $10.23 |
| 2025-11-18 | Bergman Artur | Sell | 35K | $10.68 |
| 2025-11-18 | Compton Charles Lacey III | Sell | 18K | $10.23 |
| 2025-11-17 | Bergman Artur | Sell | 39K | $10.75 |
| 2025-11-17 | Bergman Artur | Sell | 1.0K | $11.43 |
| 2025-11-12 | Bergman Artur | Sell | 2.7K | $12.51 |
| 2025-11-10 | Bergman Artur | Sell | 40K | $11.92 |
| 2025-11-06 | Bergman Artur | Sell | 154K | $10.49 |
| 2025-11-06 | Bergman Artur | Sell | 66K | $11.07 |
| 2025-11-03 | Bergman Artur | Sell | 20K | $8.21 |
| 2025-10-27 | Bergman Artur | Sell | 20K | $8.34 |
| 2025-10-20 | Bergman Artur | Sell | 20K | $8.23 |
| 2025-10-16 | Compton Charles Lacey III | Sell | 11K | $8.41 |
| 2025-10-13 | Bergman Artur | Sell | 20K | $8.22 |
| 2025-10-06 | Bergman Artur | Sell | 20K | $8.76 |
| 2025-09-29 | Bergman Artur | Sell | 20K | $8.53 |
| 2025-09-22 | Bergman Artur | Sell | 20K | $8.70 |
| 2025-09-17 | Lovett Scott R. | Sell | 42K | $8.41 |
| 2025-09-16 | Lovett Scott R. | Sell | 34K | $8.63 |
| 2025-09-15 | Bergman Artur | Sell | 2.9K | $8.97 |
| 2025-09-15 | Bergman Artur | Sell | 17K | $8.49 |
| 2025-09-15 | Lovett Scott R. | Sell | 179K | $8.28 |
| 2025-09-08 | Bergman Artur | Sell | 20K | $7.45 |
| 2025-09-03 | Compton Charles Lacey III | Sell | 3.0K | $7.45 |
| 2025-09-03 | WONG RICHARD | Grant | 1.1M | — |
| 2025-09-03 | Lovett Scott R. | Sell | 619 | $7.45 |
| 2025-09-02 | Bergman Artur | Sell | 58K | $7.41 |
| 2025-08-29 | Daniels Richard Devon | Sell | 18K | $7.61 |
| 2025-08-27 | Bergman Artur | Sell | 849 | $7.30 |
| 2025-08-19 | Bergman Artur | Sell | 19K | $7.33 |
| 2025-08-18 | Compton Charles Lacey III | Sell | 15K | $6.88 |
| 2025-08-18 | Lovett Scott R. | Sell | 9.1K | $6.88 |
| 2025-08-18 | Bergman Artur | Sell | 26K | $6.88 |
| 2025-08-10 | Lovett Scott R. | Grant | 67K | — |
| 2025-08-10 | Compton Charles Lacey III | Grant | 278K | — |
| 2025-07-17 | Compton Charles Lacey III | Sell | 2.2K | $6.83 |
| 2025-07-16 | Compton Charles Lacey III | Sell | 11K | $6.87 |
| 2025-07-16 | KISLING RONALD W | Sell | 7.5K | $6.87 |
| 2025-06-17 | Lovett Scott R. | Sell | 128K | $6.95 |
| 2025-06-11 | Loop Paula | Grant | 25K | — |
| 2025-06-11 | ALVAREZ AIDA | Grant | 25K | — |
| 2025-06-11 | Hornik David | Grant | 25K | — |
| 2025-06-11 | PAISLEY CHRISTOPHER B | Grant | 25K | — |
| 2025-06-11 | Meyers Charles J | Grant | 25K | — |
| 2025-06-11 | Smith Vanessa C. | Grant | 25K | — |
| 2025-06-11 | Daniels Richard Devon | Grant | 25K | — |
| 2025-06-04 | Bergman Artur | Sell | 1.4K | $7.73 |
| 2025-06-02 | KISLING RONALD W | Sell | 12K | $7.41 |
| 2025-05-28 | Nightingale Todd | Sell | 3.2K | $7.42 |
| 2025-05-28 | Bergman Artur | Sell | 558 | $7.42 |
| 2025-05-28 | KISLING RONALD W | Sell | 546 | $7.42 |
| 2025-05-23 | KISLING RONALD W | Sell | 2.1K | $7.19 |
| 2025-05-23 | Nightingale Todd | Sell | 13K | $7.19 |
| 2025-05-20 | Nightingale Todd | Grant | 1.9K | $6.47 |
| 2025-05-19 | Bergman Artur | Sell | 23K | $7.75 |
| 2025-05-16 | Bergman Artur | Sell | 18K | $8.19 |
| 2025-05-16 | Nightingale Todd | Sell | 64K | $8.19 |
| 2025-05-16 | KISLING RONALD W | Sell | 16K | $8.19 |
| 2025-05-16 | Lovett Scott R. | Sell | 4.7K | $8.19 |
| 2025-04-16 | KISLING RONALD W | Sell | 5.3K | $5.26 |
| 2025-03-31 | KISLING RONALD W | Sell | 12K | $6.32 |
| 2025-03-24 | PAISLEY CHRISTOPHER B | Option exercise | 38K | $4.44 |
| 2025-03-06 | Nightingale Todd | Grant | 363K | — |
| 2025-03-05 | Bergman Artur | Sell | 5.3K | $6.88 |
| 2025-03-03 | Bergman Artur | Gift | 157K | — |
| 2025-03-03 | KISLING RONALD W | Sell | 842 | $6.87 |
| 2025-02-28 | KISLING RONALD W | Sell | 3.8K | $6.64 |
| 2025-02-28 | Bergman Artur | Sell | 4.0K | $6.64 |
| 2025-02-28 | Nightingale Todd | Sell | 23K | $6.64 |
| 2025-02-26 | Nightingale Todd | Grant | 21K | — |
| 2025-02-26 | Bergman Artur | Grant | 299K | — |
| 2025-02-26 | Lovett Scott R. | Grant | 193K | — |
| 2025-02-26 | KISLING RONALD W | Grant | 161K | — |
| 2025-02-26 | Nightingale Todd | Grant | 75K | — |
| 2025-02-26 | KISLING RONALD W | Grant | 15K | — |
| 2025-02-26 | KISLING RONALD W | Grant | 5.2K | — |
| 2025-02-26 | Bergman Artur | Grant | 23K | — |
| 2025-02-26 | Bergman Artur | Grant | 5.7K | — |
| 2025-02-25 | Nightingale Todd | Sell | 8.6K | $6.87 |
| 2025-02-25 | KISLING RONALD W | Sell | 2.1K | $6.87 |
| 2025-02-20 | Bergman Artur | Sell | 23K | $7.78 |
| 2025-02-19 | Bergman Artur | Sell | 13K | $8.04 |
| 2025-02-19 | KISLING RONALD W | Sell | 11K | $8.04 |
| 2025-02-19 | Nightingale Todd | Sell | 36K | $8.04 |
| 2025-02-11 | Bergman Artur | Grant | 23K | — |
| 2025-02-10 | Bergman Artur | Sell | 10K | $10.58 |
| 2025-02-03 | Bergman Artur | Sell | 10K | $10.21 |
| 2025-01-27 | Bergman Artur | Sell | 10K | $10.12 |
| 2025-01-23 | Bergman Artur | Sell | 32K | $10.31 |
| 2025-01-16 | KISLING RONALD W | Sell | 6.0K | $9.45 |
| 2025-01-07 | Bergman Artur | Sell | 400 | $10.00 |
| 2025-01-06 | KISLING RONALD W | Sell | 12K | $10.00 |
| 2025-01-06 | Bergman Artur | Sell | 8.0K | $10.04 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-09 | Exec/director changeShareholder vote | filing ↗ |
| 2026-05-06 | ResultsExhibits | filing ↗ |
| 2026-03-05 | Auditor change | filing ↗ |
| 2026-02-11 | ResultsReg FDExhibits | filing ↗ |
| 2025-12-17 | Material agreementDebt obligation3.02Other | filing ↗ |
| 2025-12-09 | Material agreementDebt obligation3.02Other | filing ↗ |
| 2025-11-26 | Delisting noticeReg FD | filing ↗ |
| 2025-11-05 | ResultsExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-09 | 2026-06-03 | 0001517413-26-000193 ↗ |
| 8-K | 2026-05-06 | 2026-05-06 | 0001517413-26-000129 ↗ |
| 10-Q | 2026-05-06 | 2026-03-31 | 0001517413-26-000132 ↗ |
| 8-K | 2026-03-05 | 2026-03-04 | 0001517413-26-000089 ↗ |
| 10-K | 2026-02-25 | 2025-12-31 | 0001517413-26-000053 ↗ |
| 8-K | 2026-02-11 | 2026-02-11 | 0001517413-26-000026 ↗ |
| 8-K | 2025-12-17 | 2025-12-15 | 0001517413-25-000350 ↗ |
| 8-K | 2025-12-09 | 2025-12-03 | 0001517413-25-000343 ↗ |
| 8-K | 2025-11-26 | 2025-11-26 | 0001517413-25-000331 ↗ |
| 10-Q | 2025-11-07 | 2025-09-30 | 0001517413-25-000299 ↗ |
| 8-K | 2025-11-05 | 2025-11-05 | 0001517413-25-000293 ↗ |
| 10-Q | 2025-08-06 | 2025-06-30 | 0001517413-25-000218 ↗ |