Fastly, Inc. (FSLY) intrinsic value & 10-year financials
Fastly, Inc. (FSLY) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 25.0% a year to $624.0M, with an average return on invested capital of -10.5%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $22.47
- Market cap
- $3.3B
- Revenue (FY2025)
- $624.0M
- Revenue growth (10-yr CAGR)
- 25.0%
- ROIC (10-yr avg)
- -10.5%
- Free cash flow (FY2025)
- $65.8M
FSLY 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $624.0M | -$121.7M | -$0.83 | $65.8M | -19.1% | -10.8% |
| FY2024 | $543.7M | -$158.1M | -$1.14 | $6.1M | -30.9% | -14.5% |
| FY2023 | $506.0M | -$133.1M | -$1.03 | -$10.6M | -39.1% | -13.8% |
| FY2022 | $432.7M | -$190.8M | -$1.57 | -$89.6M | -56.9% | -14.3% |
| FY2021 | $354.3M | -$222.7M | -$1.92 | -$73.3M | -61.8% | -15.0% |
| FY2020 | $290.9M | -$95.9M | -$0.93 | -$49.5M | -36.9% | -14.5% |
| FY2019 | $200.5M | -$51.5M | -$0.75 | -$45.9M | -23.2% | -67.8% |
| FY2018 | $144.6M | -$30.9M | — | -$33.7M | -20.2% | 22.5% |
| FY2017 | $104.9M | -$32.5M | — | -$38.0M | -29.6% | 33.5% |
| FY2016 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Fastly, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Fastly, Inc. has historically struggled to out-earn its cost of capital, averaging just -10.5% ROIC.
Fastly, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Fastly, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-27.57 per share.