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Side-by-side financial comparison of Arlo Technologies, Inc. (ARLO) and Fastly, Inc. (FSLY). Click either name above to swap in a different company.
Fastly, Inc. is the larger business by last-quarter revenue ($172.6M vs $141.3M, roughly 1.2× Arlo Technologies, Inc.). Arlo Technologies, Inc. runs the higher net margin — 4.1% vs -9.0%, a 13.1% gap on every dollar of revenue. On growth, Fastly, Inc. posted the faster year-over-year revenue change (22.8% vs 16.2%). Over the past eight quarters, Fastly, Inc.'s revenue compounded faster (13.7% CAGR vs 6.7%).
Arlo Technologies is an American company that makes wireless surveillance cameras. Prior to an initial public offering (IPO) on the New York Stock Exchange in August 2018, Arlo was a brand of such products by Netgear, which retained majority control after the IPO.
Fastly, Inc. is an American company based in San Francisco, which describes itself as a cloud computing company. Fastly provides content delivery network services, image optimization, and load balancing services. Fastly's cloud security services include denial-of-service attack protection, bot mitigation, and a web application firewall.
ARLO vs FSLY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $141.3M | $172.6M |
| Net Profit | $5.8M | $-15.5M |
| Gross Margin | 46.4% | 61.4% |
| Operating Margin | 3.3% | -8.7% |
| Net Margin | 4.1% | -9.0% |
| Revenue YoY | 16.2% | 22.8% |
| Net Profit YoY | 218.6% | 52.9% |
| EPS (diluted) | $0.06 | $-0.10 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $141.3M | $172.6M | ||
| Q3 25 | $139.5M | $158.2M | ||
| Q2 25 | $129.4M | $148.7M | ||
| Q1 25 | $119.1M | $144.5M | ||
| Q4 24 | $121.6M | $140.6M | ||
| Q3 24 | $137.7M | $137.2M | ||
| Q2 24 | $127.4M | $132.4M | ||
| Q1 24 | $124.2M | $133.5M |
| Q4 25 | $5.8M | $-15.5M | ||
| Q3 25 | $6.9M | $-29.5M | ||
| Q2 25 | $3.1M | $-37.5M | ||
| Q1 25 | $-835.0K | $-39.1M | ||
| Q4 24 | $-4.9M | $-32.9M | ||
| Q3 24 | $-4.4M | $-38.0M | ||
| Q2 24 | $-11.6M | $-43.7M | ||
| Q1 24 | $-9.6M | $-43.4M |
| Q4 25 | 46.4% | 61.4% | ||
| Q3 25 | 40.5% | 58.4% | ||
| Q2 25 | 44.9% | 54.5% | ||
| Q1 25 | 44.3% | 53.2% | ||
| Q4 24 | 36.9% | 53.4% | ||
| Q3 24 | 35.2% | 54.5% | ||
| Q2 24 | 36.8% | 55.1% | ||
| Q1 24 | 38.1% | 54.8% |
| Q4 25 | 3.3% | -8.7% | ||
| Q3 25 | 0.6% | -18.2% | ||
| Q2 25 | 1.5% | -24.8% | ||
| Q1 25 | -1.2% | -26.4% | ||
| Q4 24 | -5.0% | -24.4% | ||
| Q3 24 | -4.0% | -29.6% | ||
| Q2 24 | -10.0% | -35.3% | ||
| Q1 24 | -8.5% | -34.6% |
| Q4 25 | 4.1% | -9.0% | ||
| Q3 25 | 4.9% | -18.6% | ||
| Q2 25 | 2.4% | -25.2% | ||
| Q1 25 | -0.7% | -27.1% | ||
| Q4 24 | -4.0% | -23.4% | ||
| Q3 24 | -3.2% | -27.7% | ||
| Q2 24 | -9.1% | -33.0% | ||
| Q1 24 | -7.8% | -32.5% |
| Q4 25 | $0.06 | $-0.10 | ||
| Q3 25 | $0.06 | $-0.20 | ||
| Q2 25 | $0.03 | $-0.26 | ||
| Q1 25 | $-0.01 | $-0.27 | ||
| Q4 24 | $-0.05 | $-0.23 | ||
| Q3 24 | $-0.04 | $-0.27 | ||
| Q2 24 | $-0.12 | $-0.32 | ||
| Q1 24 | $-0.10 | $-0.32 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $146.4M | $361.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $127.8M | $929.6M |
| Total Assets | $310.5M | $1.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $146.4M | $361.8M | ||
| Q3 25 | $86.0M | $342.9M | ||
| Q2 25 | $71.2M | $321.2M | ||
| Q1 25 | $84.0M | $307.3M | ||
| Q4 24 | $82.0M | $295.9M | ||
| Q3 24 | $77.0M | $308.2M | ||
| Q2 24 | $62.9M | $311.8M | ||
| Q1 24 | $62.1M | $329.5M |
| Q4 25 | $127.8M | $929.6M | ||
| Q3 25 | $129.2M | $937.0M | ||
| Q2 25 | $118.3M | $942.6M | ||
| Q1 25 | $103.4M | $957.0M | ||
| Q4 24 | $100.9M | $965.3M | ||
| Q3 24 | $96.9M | $969.5M | ||
| Q2 24 | $99.3M | $981.2M | ||
| Q1 24 | $99.9M | $991.8M |
| Q4 25 | $310.5M | $1.5B | ||
| Q3 25 | $350.9M | $1.5B | ||
| Q2 25 | $319.7M | $1.5B | ||
| Q1 25 | $296.6M | $1.4B | ||
| Q4 24 | $298.4M | $1.5B | ||
| Q3 24 | $312.4M | $1.5B | ||
| Q2 24 | $295.8M | $1.5B | ||
| Q1 24 | $289.8M | $1.5B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $19.8M | $22.4M |
| Free Cash FlowOCF − Capex | — | $12.2M |
| FCF MarginFCF / Revenue | — | 7.1% |
| Capex IntensityCapex / Revenue | — | 5.9% |
| Cash ConversionOCF / Net Profit | 3.43× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $65.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $19.8M | $22.4M | ||
| Q3 25 | $19.2M | $28.9M | ||
| Q2 25 | $8.8M | $25.8M | ||
| Q1 25 | $30.9M | $17.3M | ||
| Q4 24 | $6.7M | $5.2M | ||
| Q3 24 | $18.4M | $5.0M | ||
| Q2 24 | $6.5M | $-4.9M | ||
| Q1 24 | $19.8M | $11.1M |
| Q4 25 | — | $12.2M | ||
| Q3 25 | — | $22.9M | ||
| Q2 25 | — | $15.9M | ||
| Q1 25 | $28.1M | $14.7M | ||
| Q4 24 | $5.6M | $251.0K | ||
| Q3 24 | $17.4M | $3.0M | ||
| Q2 24 | $6.2M | $-6.7M | ||
| Q1 24 | $19.4M | $9.5M |
| Q4 25 | — | 7.1% | ||
| Q3 25 | — | 14.5% | ||
| Q2 25 | — | 10.7% | ||
| Q1 25 | 23.6% | 10.2% | ||
| Q4 24 | 4.6% | 0.2% | ||
| Q3 24 | 12.6% | 2.2% | ||
| Q2 24 | 4.8% | -5.1% | ||
| Q1 24 | 15.7% | 7.1% |
| Q4 25 | — | 5.9% | ||
| Q3 25 | — | 3.8% | ||
| Q2 25 | — | 6.6% | ||
| Q1 25 | 2.4% | 1.8% | ||
| Q4 24 | 0.9% | 3.5% | ||
| Q3 24 | 0.7% | 1.5% | ||
| Q2 24 | 0.2% | 1.3% | ||
| Q1 24 | 0.3% | 1.2% |
| Q4 25 | 3.43× | — | ||
| Q3 25 | 2.79× | — | ||
| Q2 25 | 2.83× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARLO
| Subscriptions And Services | $89.4M | 63% |
| Products | $51.9M | 37% |
FSLY
| Network Services | $130.8M | 76% |
| Security | $35.4M | 21% |
| Other | $6.4M | 4% |
