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Side-by-side financial comparison of Fastly, Inc. (FSLY) and LendingClub Corp (LC). Click either name above to swap in a different company.
LendingClub Corp is the larger business by last-quarter revenue ($252.3M vs $172.6M, roughly 1.5× Fastly, Inc.). LendingClub Corp runs the higher net margin — 20.5% vs -9.0%, a 29.4% gap on every dollar of revenue. On growth, Fastly, Inc. posted the faster year-over-year revenue change (22.8% vs 15.9%). Over the past eight quarters, LendingClub Corp's revenue compounded faster (16.1% CAGR vs 13.7%).
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.
LendingClub Corporation is an American financial services company headquartered in San Francisco, California. It was the first peer-to-peer lender to register its offerings as securities with the Securities and Exchange Commission (SEC), and to offer loan trading on a secondary market. At its height, LendingClub was the world's largest peer-to-peer lending platform. The company reported that $15.98 billion in loans had been originated through its platform up to December 31, 2015.
FSLY vs LC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $172.6M | $252.3M |
| Net Profit | $-15.5M | $51.6M |
| Gross Margin | 61.4% | — |
| Operating Margin | -8.7% | — |
| Net Margin | -9.0% | 20.5% |
| Revenue YoY | 22.8% | 15.9% |
| Net Profit YoY | 52.9% | 341.0% |
| EPS (diluted) | $-0.10 | $0.44 |
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 | — | $252.3M | ||
| Q4 25 | $172.6M | $266.5M | ||
| Q3 25 | $158.2M | $266.2M | ||
| Q2 25 | $148.7M | $248.4M | ||
| Q1 25 | $144.5M | $217.7M | ||
| Q4 24 | $140.6M | $217.2M | ||
| Q3 24 | $137.2M | $201.9M | ||
| Q2 24 | $132.4M | $187.2M |
| Q1 26 | — | $51.6M | ||
| Q4 25 | $-15.5M | — | ||
| Q3 25 | $-29.5M | $44.3M | ||
| Q2 25 | $-37.5M | $38.2M | ||
| Q1 25 | $-39.1M | $11.7M | ||
| Q4 24 | $-32.9M | — | ||
| Q3 24 | $-38.0M | $14.5M | ||
| Q2 24 | $-43.7M | $14.9M |
| Q1 26 | — | — | ||
| 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 | — | — | ||
| Q4 25 | -8.7% | 18.8% | ||
| Q3 25 | -18.2% | 21.5% | ||
| Q2 25 | -24.8% | 21.7% | ||
| Q1 25 | -26.4% | 7.2% | ||
| Q4 24 | -24.4% | 5.1% | ||
| Q3 24 | -29.6% | 8.9% | ||
| Q2 24 | -35.3% | 10.4% |
| Q1 26 | — | 20.5% | ||
| Q4 25 | -9.0% | — | ||
| Q3 25 | -18.6% | 16.6% | ||
| Q2 25 | -25.2% | 15.4% | ||
| Q1 25 | -27.1% | 5.4% | ||
| Q4 24 | -23.4% | — | ||
| Q3 24 | -27.7% | 7.2% | ||
| Q2 24 | -33.0% | 8.0% |
| Q1 26 | — | $0.44 | ||
| Q4 25 | $-0.10 | $0.36 | ||
| Q3 25 | $-0.20 | $0.37 | ||
| Q2 25 | $-0.26 | $0.33 | ||
| Q1 25 | $-0.27 | $0.10 | ||
| Q4 24 | $-0.23 | $0.08 | ||
| Q3 24 | $-0.27 | $0.13 | ||
| Q2 24 | $-0.32 | $0.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $361.8M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $929.6M | $1.5B |
| Total Assets | $1.5B | $11.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $361.8M | — | ||
| Q3 25 | $342.9M | — | ||
| Q2 25 | $321.2M | — | ||
| Q1 25 | $307.3M | — | ||
| Q4 24 | $295.9M | — | ||
| Q3 24 | $308.2M | — | ||
| Q2 24 | $311.8M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $0 | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | $0 | ||
| Q1 25 | — | $0 | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $1.5B | ||
| Q4 25 | $929.6M | $1.5B | ||
| Q3 25 | $937.0M | $1.5B | ||
| Q2 25 | $942.6M | $1.4B | ||
| Q1 25 | $957.0M | $1.4B | ||
| Q4 24 | $965.3M | $1.3B | ||
| Q3 24 | $969.5M | $1.3B | ||
| Q2 24 | $981.2M | $1.3B |
| Q1 26 | — | $11.9B | ||
| Q4 25 | $1.5B | $11.6B | ||
| Q3 25 | $1.5B | $11.1B | ||
| Q2 25 | $1.5B | $10.8B | ||
| Q1 25 | $1.4B | $10.5B | ||
| Q4 24 | $1.5B | $10.6B | ||
| Q3 24 | $1.5B | $11.0B | ||
| Q2 24 | $1.5B | $9.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.00× | ||
| 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 | $22.4M | — |
| Free Cash FlowOCF − Capex | $12.2M | — |
| FCF MarginFCF / Revenue | 7.1% | — |
| Capex IntensityCapex / Revenue | 5.9% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $65.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $22.4M | $-2.7B | ||
| Q3 25 | $28.9M | $-770.8M | ||
| Q2 25 | $25.8M | $-713.1M | ||
| Q1 25 | $17.3M | $-339.3M | ||
| Q4 24 | $5.2M | $-2.6B | ||
| Q3 24 | $5.0M | $-669.8M | ||
| Q2 24 | $-4.9M | $-932.5M |
| Q1 26 | — | — | ||
| Q4 25 | $12.2M | $-2.9B | ||
| Q3 25 | $22.9M | $-791.8M | ||
| Q2 25 | $15.9M | $-803.8M | ||
| Q1 25 | $14.7M | $-352.3M | ||
| Q4 24 | $251.0K | $-2.7B | ||
| Q3 24 | $3.0M | $-682.3M | ||
| Q2 24 | $-6.7M | $-945.3M |
| Q1 26 | — | — | ||
| Q4 25 | 7.1% | -1076.0% | ||
| Q3 25 | 14.5% | -297.4% | ||
| Q2 25 | 10.7% | -323.5% | ||
| Q1 25 | 10.2% | -161.8% | ||
| Q4 24 | 0.2% | -1237.8% | ||
| Q3 24 | 2.2% | -338.0% | ||
| Q2 24 | -5.1% | -504.9% |
| Q1 26 | — | — | ||
| Q4 25 | 5.9% | 52.7% | ||
| Q3 25 | 3.8% | 7.9% | ||
| Q2 25 | 6.6% | 36.5% | ||
| Q1 25 | 1.8% | 6.0% | ||
| Q4 24 | 3.5% | 25.0% | ||
| Q3 24 | 1.5% | 6.2% | ||
| Q2 24 | 1.3% | 6.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | -17.41× | ||
| Q2 25 | — | -18.68× | ||
| Q1 25 | — | -29.07× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -46.33× | ||
| Q2 24 | — | -62.57× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FSLY
| Network Services | $130.8M | 76% |
| Security | $35.4M | 21% |
| Other | $6.4M | 4% |
LC
Segment breakdown not available.
