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Side-by-side financial comparison of Emerald Holding, Inc. (EEX) 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 $132.7M, roughly 1.3× Emerald Holding, Inc.). Fastly, Inc. runs the higher net margin — -9.0% vs -22.8%, a 13.8% gap on every dollar of revenue. On growth, Emerald Holding, Inc. posted the faster year-over-year revenue change (24.3% vs 22.8%). Fastly, Inc. produced more free cash flow last quarter ($12.2M vs $11.7M). Over the past eight quarters, Fastly, Inc.'s revenue compounded faster (13.7% CAGR vs -0.3%).
TVS Emerald Haven Realty Limited is an Indian real estate development company headquartered in Chennai, Tamil Nadu. A subsidiary of TVS Holdings, it specializes in sustainable residential communities and urban development projects.
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.
EEX vs FSLY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $132.7M | $172.6M |
| Net Profit | $-30.2M | $-15.5M |
| Gross Margin | — | 61.4% |
| Operating Margin | -11.8% | -8.7% |
| Net Margin | -22.8% | -9.0% |
| Revenue YoY | 24.3% | 22.8% |
| Net Profit YoY | -692.2% | 52.9% |
| EPS (diluted) | $-0.15 | $-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 | $132.7M | $172.6M | ||
| Q3 25 | $77.5M | $158.2M | ||
| Q2 25 | $105.5M | $148.7M | ||
| Q1 25 | $147.7M | $144.5M | ||
| Q4 24 | $106.8M | $140.6M | ||
| Q3 24 | $72.6M | $137.2M | ||
| Q2 24 | $86.0M | $132.4M | ||
| Q1 24 | $133.4M | $133.5M |
| Q4 25 | $-30.2M | $-15.5M | ||
| Q3 25 | $-14.4M | $-29.5M | ||
| Q2 25 | $-1.4M | $-37.5M | ||
| Q1 25 | $15.3M | $-39.1M | ||
| Q4 24 | $5.1M | $-32.9M | ||
| Q3 24 | $-11.1M | $-38.0M | ||
| Q2 24 | $-2.8M | $-43.7M | ||
| Q1 24 | $11.0M | $-43.4M |
| Q4 25 | — | 61.4% | ||
| Q3 25 | — | 58.4% | ||
| Q2 25 | — | 54.5% | ||
| Q1 25 | — | 53.2% | ||
| Q4 24 | — | 53.4% | ||
| Q3 24 | — | 54.5% | ||
| Q2 24 | — | 55.1% | ||
| Q1 24 | — | 54.8% |
| Q4 25 | -11.8% | -8.7% | ||
| Q3 25 | -10.1% | -18.2% | ||
| Q2 25 | 9.7% | -24.8% | ||
| Q1 25 | 24.2% | -26.4% | ||
| Q4 24 | 19.5% | -24.4% | ||
| Q3 24 | -6.5% | -29.6% | ||
| Q2 24 | 7.4% | -35.3% | ||
| Q1 24 | 18.2% | -34.6% |
| Q4 25 | -22.8% | -9.0% | ||
| Q3 25 | -18.6% | -18.6% | ||
| Q2 25 | -1.3% | -25.2% | ||
| Q1 25 | 10.4% | -27.1% | ||
| Q4 24 | 4.8% | -23.4% | ||
| Q3 24 | -15.3% | -27.7% | ||
| Q2 24 | -3.3% | -33.0% | ||
| Q1 24 | 8.2% | -32.5% |
| Q4 25 | $-0.15 | $-0.10 | ||
| Q3 25 | $-0.07 | $-0.20 | ||
| Q2 25 | $-0.01 | $-0.26 | ||
| Q1 25 | $0.08 | $-0.27 | ||
| Q4 24 | $0.01 | $-0.23 | ||
| Q3 24 | $-0.05 | $-0.27 | ||
| Q2 24 | $-0.03 | $-0.32 | ||
| Q1 24 | $0.00 | $-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 | $100.9M | $361.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $338.8M | $929.6M |
| Total Assets | $1.2B | $1.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $100.9M | $361.8M | ||
| Q3 25 | $95.4M | $342.9M | ||
| Q2 25 | $156.4M | $321.2M | ||
| Q1 25 | $276.8M | $307.3M | ||
| Q4 24 | $194.8M | $295.9M | ||
| Q3 24 | $188.9M | $308.2M | ||
| Q2 24 | $193.2M | $311.8M | ||
| Q1 24 | $186.8M | $329.5M |
| Q4 25 | $338.8M | $929.6M | ||
| Q3 25 | $369.5M | $937.0M | ||
| Q2 25 | $389.4M | $942.6M | ||
| Q1 25 | $392.1M | $957.0M | ||
| Q4 24 | $385.9M | $965.3M | ||
| Q3 24 | $391.1M | $969.5M | ||
| Q2 24 | $407.6M | $981.2M | ||
| Q1 24 | $-90.7M | $991.8M |
| Q4 25 | $1.2B | $1.5B | ||
| Q3 25 | $1.2B | $1.5B | ||
| Q2 25 | $1.2B | $1.5B | ||
| Q1 25 | $1.2B | $1.4B | ||
| Q4 24 | $1.0B | $1.5B | ||
| Q3 24 | $1.1B | $1.5B | ||
| Q2 24 | $1.1B | $1.5B | ||
| Q1 24 | $1.1B | $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 | $12.3M | $22.4M |
| Free Cash FlowOCF − Capex | $11.7M | $12.2M |
| FCF MarginFCF / Revenue | 8.8% | 7.1% |
| Capex IntensityCapex / Revenue | 0.5% | 5.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $41.4M | $65.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.3M | $22.4M | ||
| Q3 25 | $1.8M | $28.9M | ||
| Q2 25 | $15.9M | $25.8M | ||
| Q1 25 | $12.6M | $17.3M | ||
| Q4 24 | $20.6M | $5.2M | ||
| Q3 24 | $9.1M | $5.0M | ||
| Q2 24 | $9.8M | $-4.9M | ||
| Q1 24 | $7.3M | $11.1M |
| Q4 25 | $11.7M | $12.2M | ||
| Q3 25 | $1.5M | $22.9M | ||
| Q2 25 | $15.8M | $15.9M | ||
| Q1 25 | $12.4M | $14.7M | ||
| Q4 24 | $19.9M | $251.0K | ||
| Q3 24 | $9.0M | $3.0M | ||
| Q2 24 | $9.6M | $-6.7M | ||
| Q1 24 | $7.0M | $9.5M |
| Q4 25 | 8.8% | 7.1% | ||
| Q3 25 | 1.9% | 14.5% | ||
| Q2 25 | 15.0% | 10.7% | ||
| Q1 25 | 8.4% | 10.2% | ||
| Q4 24 | 18.6% | 0.2% | ||
| Q3 24 | 12.4% | 2.2% | ||
| Q2 24 | 11.2% | -5.1% | ||
| Q1 24 | 5.2% | 7.1% |
| Q4 25 | 0.5% | 5.9% | ||
| Q3 25 | 0.4% | 3.8% | ||
| Q2 25 | 0.1% | 6.6% | ||
| Q1 25 | 0.1% | 1.8% | ||
| Q4 24 | 0.7% | 3.5% | ||
| Q3 24 | 0.1% | 1.5% | ||
| Q2 24 | 0.2% | 1.3% | ||
| Q1 24 | 0.2% | 1.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.82× | — | ||
| Q4 24 | 4.04× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.66× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EEX
| Connections Segment | $121.9M | 92% |
| Commerce Segment | $5.5M | 4% |
| Content | $5.3M | 4% |
FSLY
| Network Services | $130.8M | 76% |
| Security | $35.4M | 21% |
| Other | $6.4M | 4% |
