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Side-by-side financial comparison of Fastly, Inc. (FSLY) and HCI Group, Inc. (HCI). Click either name above to swap in a different company.
HCI Group, Inc. is the larger business by last-quarter revenue ($242.9M vs $173.0M, roughly 1.4× Fastly, Inc.). HCI Group, Inc. runs the higher net margin — 35.0% vs -11.9%, a 46.9% gap on every dollar of revenue. On growth, Fastly, Inc. posted the faster year-over-year revenue change (19.8% vs 12.2%). Over the past eight quarters, Fastly, Inc.'s revenue compounded faster (14.3% CAGR vs 8.5%).
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.
HCI Equity Partners is a Washington, DC–based private equity firm with an additional office in Chicago, Illinois.
FSLY vs HCI — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $173.0M | $242.9M |
| Net Profit | $-20.5M | $85.0M |
| Gross Margin | 62.5% | — |
| Operating Margin | 23.7% | — |
| Net Margin | -11.9% | 35.0% |
| Revenue YoY | 19.8% | 12.2% |
| Net Profit YoY | 47.6% | 14.6% |
| EPS (diluted) | $-0.13 | $5.45 |
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 | $242.9M | ||
| Q4 25 | $172.6M | $246.2M | ||
| Q3 25 | $158.2M | $216.3M | ||
| Q2 25 | $148.7M | $221.9M | ||
| Q1 25 | $144.5M | $216.4M | ||
| Q4 24 | $140.6M | $161.9M | ||
| Q3 24 | $137.2M | $175.3M | ||
| Q2 24 | $132.4M | $206.2M |
| Q1 26 | $-20.5M | $85.0M | ||
| Q4 25 | $-15.5M | $97.7M | ||
| Q3 25 | $-29.5M | $65.5M | ||
| Q2 25 | $-37.5M | $66.2M | ||
| Q1 25 | $-39.1M | $69.7M | ||
| Q4 24 | $-32.9M | $2.6M | ||
| Q3 24 | $-38.0M | $5.7M | ||
| Q2 24 | $-43.7M | $54.1M |
| Q1 26 | 62.5% | — | ||
| 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 26 | 23.7% | — | ||
| Q4 25 | -8.7% | 58.5% | ||
| Q3 25 | -18.2% | 41.9% | ||
| Q2 25 | -24.8% | 42.5% | ||
| Q1 25 | -26.4% | 46.4% | ||
| Q4 24 | -24.4% | 3.6% | ||
| Q3 24 | -29.6% | 8.0% | ||
| Q2 24 | -35.3% | 36.9% |
| Q1 26 | -11.9% | 35.0% | ||
| Q4 25 | -9.0% | 39.7% | ||
| Q3 25 | -18.6% | 30.3% | ||
| Q2 25 | -25.2% | 29.8% | ||
| Q1 25 | -27.1% | 32.2% | ||
| Q4 24 | -23.4% | 1.6% | ||
| Q3 24 | -27.7% | 3.2% | ||
| Q2 24 | -33.0% | 26.2% |
| Q1 26 | $-0.13 | $5.45 | ||
| Q4 25 | $-0.10 | $7.29 | ||
| Q3 25 | $-0.20 | $4.90 | ||
| Q2 25 | $-0.26 | $5.18 | ||
| Q1 25 | $-0.27 | $5.35 | ||
| Q4 24 | $-0.23 | $0.32 | ||
| Q3 24 | $-0.27 | $0.52 | ||
| Q2 24 | $-0.32 | $4.24 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $146.7M | $1.0B |
| Total DebtLower is stronger | — | $31.7M |
| Stockholders' EquityBook value | $977.1M | $1.1B |
| Total Assets | $1.5B | $2.6B |
| Debt / EquityLower = less leverage | — | 0.03× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $146.7M | $1.0B | ||
| Q4 25 | $361.8M | $1.2B | ||
| Q3 25 | $342.9M | $987.9M | ||
| Q2 25 | $321.2M | $947.2M | ||
| Q1 25 | $307.3M | $754.5M | ||
| Q4 24 | $295.9M | $532.5M | ||
| Q3 24 | $308.2M | $518.8M | ||
| Q2 24 | $311.8M | $445.8M |
| Q1 26 | — | $31.7M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $977.1M | $1.1B | ||
| Q4 25 | $929.6M | $1.0B | ||
| Q3 25 | $937.0M | $821.8M | ||
| Q2 25 | $942.6M | $758.6M | ||
| Q1 25 | $957.0M | $522.7M | ||
| Q4 24 | $965.3M | $453.3M | ||
| Q3 24 | $969.5M | $455.3M | ||
| Q2 24 | $981.2M | $447.3M |
| Q1 26 | $1.5B | $2.6B | ||
| Q4 25 | $1.5B | $2.5B | ||
| Q3 25 | $1.5B | $2.3B | ||
| Q2 25 | $1.5B | $2.4B | ||
| Q1 25 | $1.4B | $2.3B | ||
| Q4 24 | $1.5B | $2.2B | ||
| Q3 24 | $1.5B | $2.0B | ||
| Q2 24 | $1.5B | $1.9B |
| Q1 26 | — | 0.03× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $28.9M | — |
| Free Cash FlowOCF − Capex | $4.1M | — |
| FCF MarginFCF / Revenue | 2.4% | — |
| Capex IntensityCapex / Revenue | 14.3% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $55.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $28.9M | — | ||
| Q4 25 | $22.4M | $444.4M | ||
| Q3 25 | $28.9M | $26.7M | ||
| Q2 25 | $25.8M | $145.0M | ||
| Q1 25 | $17.3M | $162.0M | ||
| Q4 24 | $5.2M | $331.8M | ||
| Q3 24 | $5.0M | $104.1M | ||
| Q2 24 | $-4.9M | $-29.0M |
| Q1 26 | $4.1M | — | ||
| Q4 25 | $12.2M | $440.8M | ||
| Q3 25 | $22.9M | $25.9M | ||
| Q2 25 | $15.9M | $144.5M | ||
| Q1 25 | $14.7M | $160.3M | ||
| Q4 24 | $251.0K | $327.8M | ||
| Q3 24 | $3.0M | $103.2M | ||
| Q2 24 | $-6.7M | $-30.1M |
| Q1 26 | 2.4% | — | ||
| Q4 25 | 7.1% | 179.0% | ||
| Q3 25 | 14.5% | 12.0% | ||
| Q2 25 | 10.7% | 65.1% | ||
| Q1 25 | 10.2% | 74.1% | ||
| Q4 24 | 0.2% | 202.5% | ||
| Q3 24 | 2.2% | 58.9% | ||
| Q2 24 | -5.1% | -14.6% |
| Q1 26 | 14.3% | — | ||
| Q4 25 | 5.9% | 1.5% | ||
| Q3 25 | 3.8% | 0.4% | ||
| Q2 25 | 6.6% | 0.2% | ||
| Q1 25 | 1.8% | 0.8% | ||
| Q4 24 | 3.5% | 2.5% | ||
| Q3 24 | 1.5% | 0.5% | ||
| Q2 24 | 1.3% | 0.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.55× | ||
| Q3 25 | — | 0.41× | ||
| Q2 25 | — | 2.19× | ||
| Q1 25 | — | 2.32× | ||
| Q4 24 | — | 128.41× | ||
| Q3 24 | — | 18.33× | ||
| Q2 24 | — | -0.54× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FSLY
| Network Services | $126.2M | 73% |
| Security | $38.8M | 22% |
| Other | $8.0M | 5% |
HCI
Segment breakdown not available.
