Fastly, Inc. has recently released its 10-Q report, providing an insight into the company's financial performance and operations. Fastly operates an edge cloud platform that processes, serves, and secures applications globally. The edge cloud platform is a category of Infrastructure as a Service (IaaS) that enables developers to build, secure, and deliver digital experiences at the edge of the internet. Fastly's services include network services, content delivery network, video/streaming solutions, security solutions, load balancing, image optimization, transport layer security, and professional services.
In the 10-Q report, Fastly reported revenue of $158.2 million for the three months ended September 30, 2025, compared to $137.2 million for the same period in 2024, reflecting a 15% increase. For the nine months ended September 30, 2025, the company reported revenue of $451.4 million, up from $403.1 million for the same period in 2024, representing a 12% increase. However, the company incurred a net loss of $29.5 million for the three months ended September 30, 2025, and $106.2 million for the nine months ended September 30, 2025.
Fastly's 10 largest customers generated an aggregate of 32% of its revenue in the trailing 12 months ended September 30, 2025, compared to 35% for the same period in 2024. No single customer accounted for more than 10% of the company's revenue for the three and nine months ended September 30, 2025 and 2024. Affiliated customers that are business units of a single company generated an aggregate of 10% of Fastly's revenue for the three months ended September 30, 2025, and less than 10% for the nine months ended September 30, 2025.
The report also highlighted the company's focus on winning new customers, expanding into new markets, and international expansion. Fastly aims to attract new customers, enhance its product experience, and leverage its partner ecosystem. The company also intends to continue adding customers from diverse industry verticals and expanding its relationship with existing customers. Additionally, Fastly plans to expand its efforts to attract customers outside of the United States and increase its presence in international markets.
Fastly's 10-Q report provides a comprehensive overview of its financial performance, customer base, and strategic initiatives, shedding light on its growth and expansion strategies in the competitive edge cloud platform market. Following these announcements, the company's shares moved 5.38%, and are now trading at a price of $11.56. Check out the company's full 10-Q submission here.
