---
schema_version: "secwatch.filing_event.v1"
accession: "0001517413-22-000157"
form_type: "8-K"
ticker: "FSLY"
cik: "0001517413"
company_name: "Fastly, Inc."
filed_at: "2022-11-02T23:59:59+00:00"
generated_at: "2026-06-22T13:37:18.237365+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Fastly Q3 record revenue $108.5M, beats guidance; GAAP net loss per share $0.52

## Summary
- Revenue $108.5M, up 25% YoY and 6% sequentially, exceeding Q3 guidance high end.
- GAAP gross margin 48.6% (down 380 bps YoY) but improved 370 bps sequentially; non-GAAP gross margin 53.6%.
- GAAP net loss per share $0.52 (vs $0.48 YoY); non-GAAP net loss per share $0.14 (vs $0.11).
- Net retention rate 118% (117% prior); enterprise customers 482; avg spend $759K (+4% qoq).
- Q4 2022 guidance: revenue $112-116M, non-GAAP net loss per share ($0.15)-($0.11).

## SEC filing metadata
- accession: 0001517413-22-000157
- form_type: 8-K
- ticker: FSLY
- cik: 0001517413
- company_name: Fastly, Inc.
- filed_at: 2022-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1517413/000151741322000157/0001517413-22-000157-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1517413/000151741322000157/fsly-20221102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001517413-22-000157
- JSON: https://secwatch.observer/filing/0001517413-22-000157.json
- Plain text: https://secwatch.observer/filing/0001517413-22-000157.txt

## Key facts
- Earnings Releases
  Fastly, Inc. reported Fourth Quarter and Full Year 2022 results: revenue $112 - $116 million and $425 - $429 million, EPS ($0.15) - ($0.11) and ($0.67) - ($0.63). Guidance initiated.
  - Period: Fourth Quarter and Full Year 2022
  - Revenue: $112 - $116 million and $425 - $429 million
  - EPS: ($0.15) - ($0.11) and ($0.67) - ($0.63)
  - Guidance: initiated
  - Result: guidance update
  source text: Fourth Quarter and Full Year 2022 Guidance: Q4 2022 Full Year 2022 Total Revenue (millions) $112 - $116 $425 - $429 Non-GAAP Operating Loss (millions) (5) ($18.0) - ($14.0) ($82) - ($78) Non-GAAP Net Loss per share (6) (7) ($0.15) - ($0.11) ($0.67) - ($0.63)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1517413/000151741322000157/0001517413-22-000157-index.htm
- Earnings Releases
  Fastly, Inc. reported nine months ended September 30, 2022 results: revenue $313,404, EPS $(1.19).
  - Period: nine months ended September 30, 2022
  - Revenue: $313,404
  - EPS: $(1.19)
  - Result: reported results
  source text: Revenue $ 108,504 $ 86,735 $ 313,404 $ 256,613 Gross Margin GAAP gross margin 48.6 % 52.4 % 47.0 % 53.6 % Non-GAAP gross margin 53.6 % 57.5 % 52.2 % 58.4 % Operating loss GAAP operating loss $ (65,765) $ (54,934) $ (197,737) $ (162,365) Non-GAAP operating loss $ (19,841) $ (12,935) $ (64,474) $ (43,400) Net loss per share GAAP net loss per common share—basic and diluted $ (0.52) $ (0.48) $ (1.19) $ (1.43) Non-GAAP net loss per common share—basic and diluted $ (0.14) $ (0.11) $ (0.52) $ (0.38)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1517413/000151741322000157/0001517413-22-000157-index.htm
- Earnings Releases
  Fastly, Inc. reported third quarter ended September 30, 2022 results: revenue $108.5 million, net income $63.4 million, EPS $0.52.
  - Period: third quarter ended September 30, 2022
  - Revenue: $108.5 million
  - Net income: $63.4 million
  - EPS: $0.52
  - Result: reported results
  source text: Third Quarter 2022 Financial Summary • Total revenue of $108.5 million, representing 6% sequential growth and 25% year-over-year growth. • GAAP gross margin of 48.6%, compared to 52.4% in the third quarter of 2021. Non-GAAP gross margin of 53.6%, compared to 57.5% in the third quarter of 2021. • GAAP net loss of $63.4 million, compared to $56.2 million in the third quarter of 2021. Non-GAAP net loss of $16.8 million, compared to $13.2 million in the third quarter of 2021. • GAAP net loss per basic and diluted shares of $0.52 compared to $0.48 in the third quarter of 2021. Non-GAAP net loss per basic and diluted shares of $0.14, compared to $0.11 in the third quarter of 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1517413/000151741322000157/0001517413-22-000157-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.