---
schema_version: "secwatch.filing_event.v1"
accession: "0001517413-23-000091"
form_type: "8-K"
ticker: "FSLY"
cik: "0001517413"
company_name: "Fastly, Inc."
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T00:59:56.408653+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Fastly beats Q1 revenue guidance; net loss narrows to $44.7M

## Summary
- Revenue $117.6M (+15% YoY) exceeded high-end of Q1 guidance.
- GAAP net loss $44.7M ($0.36/sh) vs $64.3M ($0.54/sh) YoY.
- Non-GAAP net loss $10.8M ($0.09/sh) vs $18.0M ($0.15/sh) YoY.
- LTM net retention rate 116% (down from 119%); DBNER 121% (down from 123%).
- Q2 revenue guidance $117-120M; FY2023 revenue guidance $495-505M.

## SEC filing metadata
- accession: 0001517413-23-000091
- form_type: 8-K
- ticker: FSLY
- cik: 0001517413
- company_name: Fastly, Inc.
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1517413/000151741323000091/0001517413-23-000091-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1517413/000151741323000091/fsly-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001517413-23-000091
- JSON: https://secwatch.observer/filing/0001517413-23-000091.json
- Plain text: https://secwatch.observer/filing/0001517413-23-000091.txt

## Key facts
- Earnings Releases
  Fastly, Inc. reported first quarter ended March 31, 2023 results: revenue $ 117,564, net income GAAP net loss of $44.7 million, EPS $(0.36).
  - Period: first quarter ended March 31, 2023
  - Revenue: $ 117,564
  - Net income: GAAP net loss of $44.7 million
  - EPS: $(0.36)
  - Result: reported results
  source text: “As we continue to gain customer mind share with these efforts, we will be focused on accelerating market share gains as well.” Three months ended March 31, 2023 2022 Revenue $ 117,564 $ 102,382 Gross Margin GAAP gross margin 51.3 % 47.3 % Non-GAAP gross margin 55.6 % 52.6 % Operating loss GAAP operating loss $ (47,275) $ (63,004) Non-GAAP operating loss $
  evidence_url: https://www.sec.gov/Archives/edgar/data/1517413/000151741323000091/0001517413-23-000091-index.htm

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