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Side-by-side financial comparison of BRC Inc. (BRCC) and Fastly, Inc. (FSLY). Click either name above to swap in a different company.
Fastly, Inc. is the larger business by last-quarter revenue ($173.0M vs $112.7M, roughly 1.5× BRC Inc.). BRC Inc. runs the higher net margin — -2.8% vs -11.9%, a 9.0% gap on every dollar of revenue. On growth, Fastly, Inc. posted the faster year-over-year revenue change (19.8% vs 6.5%). Fastly, Inc. produced more free cash flow last quarter ($4.1M vs $-9.4M). Over the past eight quarters, Fastly, Inc.'s revenue compounded faster (14.3% CAGR vs 7.0%).
BRC Inc., operating under the Black Rifle Coffee brand, is a U.S.-headquartered premium coffee and lifestyle brand. It sells roasted coffee beans, ready-to-drink coffee products, branded apparel, and outdoor gear, targeting primarily veteran, first responder, and outdoor enthusiast consumer segments across North America, via both e-commerce and physical retail channels.
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.
BRCC vs FSLY — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $112.7M | $173.0M |
| Net Profit | $-3.2M | $-20.5M |
| Gross Margin | 32.1% | 62.5% |
| Operating Margin | -6.3% | 23.7% |
| Net Margin | -2.8% | -11.9% |
| Revenue YoY | 6.5% | 19.8% |
| Net Profit YoY | -29.3% | 47.6% |
| EPS (diluted) | $-0.02 | $-0.13 |
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.
| Q1 26 | — | $173.0M | ||
| Q4 25 | $112.7M | $172.6M | ||
| Q3 25 | $100.7M | $158.2M | ||
| Q2 25 | $94.8M | $148.7M | ||
| Q1 25 | $90.0M | $144.5M | ||
| Q4 24 | $105.9M | $140.6M | ||
| Q3 24 | $98.2M | $137.2M | ||
| Q2 24 | $89.0M | $132.4M |
| Q1 26 | — | $-20.5M | ||
| Q4 25 | $-3.2M | $-15.5M | ||
| Q3 25 | $-486.0K | $-29.5M | ||
| Q2 25 | $-5.3M | $-37.5M | ||
| Q1 25 | $-2.9M | $-39.1M | ||
| Q4 24 | $-2.5M | $-32.9M | ||
| Q3 24 | $-535.0K | $-38.0M | ||
| Q2 24 | $-482.0K | $-43.7M |
| Q1 26 | — | 62.5% | ||
| Q4 25 | 32.1% | 61.4% | ||
| Q3 25 | 36.9% | 58.4% | ||
| Q2 25 | 33.9% | 54.5% | ||
| Q1 25 | 36.1% | 53.2% | ||
| Q4 24 | 38.1% | 53.4% | ||
| Q3 24 | 42.1% | 54.5% | ||
| Q2 24 | 41.9% | 55.1% |
| Q1 26 | — | 23.7% | ||
| Q4 25 | -6.3% | -8.7% | ||
| Q3 25 | 0.5% | -18.2% | ||
| Q2 25 | -13.3% | -24.8% | ||
| Q1 25 | -6.0% | -26.4% | ||
| Q4 24 | -2.1% | -24.4% | ||
| Q3 24 | 1.1% | -29.6% | ||
| Q2 24 | 1.1% | -35.3% |
| Q1 26 | — | -11.9% | ||
| Q4 25 | -2.8% | -9.0% | ||
| Q3 25 | -0.5% | -18.6% | ||
| Q2 25 | -5.6% | -25.2% | ||
| Q1 25 | -3.2% | -27.1% | ||
| Q4 24 | -2.3% | -23.4% | ||
| Q3 24 | -0.5% | -27.7% | ||
| Q2 24 | -0.5% | -33.0% |
| Q1 26 | — | $-0.13 | ||
| Q4 25 | $-0.02 | $-0.10 | ||
| Q3 25 | $0.00 | $-0.20 | ||
| Q2 25 | $-0.07 | $-0.26 | ||
| Q1 25 | $-0.04 | $-0.27 | ||
| Q4 24 | $-0.03 | $-0.23 | ||
| Q3 24 | $-0.01 | $-0.27 | ||
| Q2 24 | $-0.01 | $-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 | $4.3M | $146.7M |
| Total DebtLower is stronger | $34.7M | — |
| Stockholders' EquityBook value | $45.7M | $977.1M |
| Total Assets | $209.2M | $1.5B |
| Debt / EquityLower = less leverage | 0.76× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $146.7M | ||
| Q4 25 | $4.3M | $361.8M | ||
| Q3 25 | $9.5M | $342.9M | ||
| Q2 25 | $4.3M | $321.2M | ||
| Q1 25 | $3.9M | $307.3M | ||
| Q4 24 | $6.8M | $295.9M | ||
| Q3 24 | $7.3M | $308.2M | ||
| Q2 24 | $9.6M | $311.8M |
| Q1 26 | — | — | ||
| Q4 25 | $34.7M | — | ||
| Q3 25 | $35.0M | — | ||
| Q2 25 | $72.7M | — | ||
| Q1 25 | $68.8M | — | ||
| Q4 24 | $65.1M | — | ||
| Q3 24 | $64.9M | — | ||
| Q2 24 | $66.5M | — |
| Q1 26 | — | $977.1M | ||
| Q4 25 | $45.7M | $929.6M | ||
| Q3 25 | $48.0M | $937.0M | ||
| Q2 25 | $10.1M | $942.6M | ||
| Q1 25 | $11.2M | $957.0M | ||
| Q4 24 | $13.2M | $965.3M | ||
| Q3 24 | $14.5M | $969.5M | ||
| Q2 24 | $14.9M | $981.2M |
| Q1 26 | — | $1.5B | ||
| Q4 25 | $209.2M | $1.5B | ||
| Q3 25 | $222.4M | $1.5B | ||
| Q2 25 | $225.3M | $1.5B | ||
| Q1 25 | $222.9M | $1.4B | ||
| Q4 24 | $227.4M | $1.5B | ||
| Q3 24 | $233.7M | $1.5B | ||
| Q2 24 | $229.9M | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | 0.76× | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 7.19× | — | ||
| Q1 25 | 6.15× | — | ||
| Q4 24 | 4.94× | — | ||
| Q3 24 | 4.47× | — | ||
| Q2 24 | 4.46× | — |
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 | $-8.7M | $28.9M |
| Free Cash FlowOCF − Capex | $-9.4M | $4.1M |
| FCF MarginFCF / Revenue | -8.3% | 2.4% |
| Capex IntensityCapex / Revenue | 0.6% | 14.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-13.5M | $55.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $28.9M | ||
| Q4 25 | $-8.7M | $22.4M | ||
| Q3 25 | $6.4M | $28.9M | ||
| Q2 25 | $-3.3M | $25.8M | ||
| Q1 25 | $-4.1M | $17.3M | ||
| Q4 24 | $2.2M | $5.2M | ||
| Q3 24 | $1.9M | $5.0M | ||
| Q2 24 | $2.3M | $-4.9M |
| Q1 26 | — | $4.1M | ||
| Q4 25 | $-9.4M | $12.2M | ||
| Q3 25 | $5.6M | $22.9M | ||
| Q2 25 | $-4.3M | $15.9M | ||
| Q1 25 | $-5.3M | $14.7M | ||
| Q4 24 | $504.0K | $251.0K | ||
| Q3 24 | $-205.0K | $3.0M | ||
| Q2 24 | $147.0K | $-6.7M |
| Q1 26 | — | 2.4% | ||
| Q4 25 | -8.3% | 7.1% | ||
| Q3 25 | 5.5% | 14.5% | ||
| Q2 25 | -4.5% | 10.7% | ||
| Q1 25 | -5.9% | 10.2% | ||
| Q4 24 | 0.5% | 0.2% | ||
| Q3 24 | -0.2% | 2.2% | ||
| Q2 24 | 0.2% | -5.1% |
| Q1 26 | — | 14.3% | ||
| Q4 25 | 0.6% | 5.9% | ||
| Q3 25 | 0.8% | 3.8% | ||
| Q2 25 | 1.0% | 6.6% | ||
| Q1 25 | 1.3% | 1.8% | ||
| Q4 24 | 1.6% | 3.5% | ||
| Q3 24 | 2.2% | 1.5% | ||
| Q2 24 | 2.4% | 1.3% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BRCC
| Sales Channel Through Intermediary | $72.9M | 65% |
| Sales Channel Directly To Consumer | $34.4M | 31% |
| Outpost | $5.4M | 5% |
FSLY
| Network Services | $126.2M | 73% |
| Security | $38.8M | 22% |
| Other | $8.0M | 5% |
