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Side-by-side financial comparison of Fastly, Inc. (FSLY) and Palomar Holdings, Inc. (PLMR). Click either name above to swap in a different company.
Palomar Holdings, Inc. is the larger business by last-quarter revenue ($253.4M vs $172.6M, roughly 1.5× Fastly, Inc.). On growth, Palomar Holdings, Inc. posted the faster year-over-year revenue change (62.7% vs 22.8%). Palomar Holdings, Inc. produced more free cash flow last quarter ($409.0M vs $12.2M). Over the past eight quarters, Palomar Holdings, Inc.'s revenue compounded faster (46.2% 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.
Palomar Holdings, Inc. is a specialty insurance holding company that primarily provides property insurance products for catastrophe-exposed residential and commercial assets. It mainly operates across the United States, focusing on core segments including earthquake, flood, and windstorm coverage to meet high-risk property protection demands of customers.
FSLY vs PLMR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $172.6M | $253.4M |
| Net Profit | $-15.5M | — |
| Gross Margin | 61.4% | — |
| Operating Margin | -8.7% | 28.7% |
| Net Margin | -9.0% | — |
| Revenue YoY | 22.8% | 62.7% |
| Net Profit YoY | 52.9% | — |
| EPS (diluted) | $-0.10 | $2.05 |
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 | $172.6M | $253.4M | ||
| Q3 25 | $158.2M | $244.7M | ||
| Q2 25 | $148.7M | $203.3M | ||
| Q1 25 | $144.5M | $174.6M | ||
| Q4 24 | $140.6M | $155.8M | ||
| Q3 24 | $137.2M | $148.5M | ||
| Q2 24 | $132.4M | $131.1M | ||
| Q1 24 | $133.5M | $118.5M |
| Q4 25 | $-15.5M | — | ||
| Q3 25 | $-29.5M | $51.5M | ||
| Q2 25 | $-37.5M | $46.5M | ||
| Q1 25 | $-39.1M | $42.9M | ||
| Q4 24 | $-32.9M | — | ||
| Q3 24 | $-38.0M | $30.5M | ||
| Q2 24 | $-43.7M | $25.7M | ||
| Q1 24 | $-43.4M | $26.4M |
| 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 | -8.7% | 28.7% | ||
| Q3 25 | -18.2% | 27.4% | ||
| Q2 25 | -24.8% | 29.5% | ||
| Q1 25 | -26.4% | 30.8% | ||
| Q4 24 | -24.4% | 28.9% | ||
| Q3 24 | -29.6% | 25.9% | ||
| Q2 24 | -35.3% | 25.5% | ||
| Q1 24 | -34.6% | 29.0% |
| Q4 25 | -9.0% | — | ||
| Q3 25 | -18.6% | 21.0% | ||
| Q2 25 | -25.2% | 22.9% | ||
| Q1 25 | -27.1% | 24.6% | ||
| Q4 24 | -23.4% | — | ||
| Q3 24 | -27.7% | 20.5% | ||
| Q2 24 | -33.0% | 19.6% | ||
| Q1 24 | -32.5% | 22.3% |
| Q4 25 | $-0.10 | $2.05 | ||
| Q3 25 | $-0.20 | $1.87 | ||
| Q2 25 | $-0.26 | $1.68 | ||
| Q1 25 | $-0.27 | $1.57 | ||
| Q4 24 | $-0.23 | $1.29 | ||
| Q3 24 | $-0.27 | $1.15 | ||
| Q2 24 | $-0.32 | $1.00 | ||
| Q1 24 | $-0.32 | $1.04 |
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 | $106.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $929.6M | $942.7M |
| Total Assets | $1.5B | $3.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $361.8M | $106.9M | ||
| Q3 25 | $342.9M | $111.7M | ||
| Q2 25 | $321.2M | $81.3M | ||
| Q1 25 | $307.3M | $119.3M | ||
| Q4 24 | $295.9M | $80.4M | ||
| Q3 24 | $308.2M | $86.5M | ||
| Q2 24 | $311.8M | $47.8M | ||
| Q1 24 | $329.5M | $61.4M |
| Q4 25 | $929.6M | $942.7M | ||
| Q3 25 | $937.0M | $878.1M | ||
| Q2 25 | $942.6M | $847.2M | ||
| Q1 25 | $957.0M | $790.4M | ||
| Q4 24 | $965.3M | $729.0M | ||
| Q3 24 | $969.5M | $703.3M | ||
| Q2 24 | $981.2M | $532.6M | ||
| Q1 24 | $991.8M | $501.7M |
| Q4 25 | $1.5B | $3.1B | ||
| Q3 25 | $1.5B | $2.9B | ||
| Q2 25 | $1.5B | $2.8B | ||
| Q1 25 | $1.4B | $2.4B | ||
| Q4 24 | $1.5B | $2.3B | ||
| Q3 24 | $1.5B | $2.3B | ||
| Q2 24 | $1.5B | $2.0B | ||
| Q1 24 | $1.5B | $1.9B |
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 | $409.1M |
| Free Cash FlowOCF − Capex | $12.2M | $409.0M |
| FCF MarginFCF / Revenue | 7.1% | 161.4% |
| Capex IntensityCapex / Revenue | 5.9% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $65.8M | $700.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $22.4M | $409.1M | ||
| Q3 25 | $28.9M | $83.6M | ||
| Q2 25 | $25.8M | $120.9M | ||
| Q1 25 | $17.3M | $87.2M | ||
| Q4 24 | $5.2M | $261.2M | ||
| Q3 24 | $5.0M | $100.3M | ||
| Q2 24 | $-4.9M | $55.1M | ||
| Q1 24 | $11.1M | $33.1M |
| Q4 25 | $12.2M | $409.0M | ||
| Q3 25 | $22.9M | $83.6M | ||
| Q2 25 | $15.9M | $120.8M | ||
| Q1 25 | $14.7M | $87.1M | ||
| Q4 24 | $251.0K | $260.9M | ||
| Q3 24 | $3.0M | $100.1M | ||
| Q2 24 | $-6.7M | — | ||
| Q1 24 | $9.5M | — |
| Q4 25 | 7.1% | 161.4% | ||
| Q3 25 | 14.5% | 34.2% | ||
| Q2 25 | 10.7% | 59.4% | ||
| Q1 25 | 10.2% | 49.9% | ||
| Q4 24 | 0.2% | 167.5% | ||
| Q3 24 | 2.2% | 67.4% | ||
| Q2 24 | -5.1% | — | ||
| Q1 24 | 7.1% | — |
| Q4 25 | 5.9% | 0.1% | ||
| Q3 25 | 3.8% | 0.0% | ||
| Q2 25 | 6.6% | 0.0% | ||
| Q1 25 | 1.8% | 0.0% | ||
| Q4 24 | 3.5% | 0.2% | ||
| Q3 24 | 1.5% | 0.1% | ||
| Q2 24 | 1.3% | 0.0% | ||
| Q1 24 | 1.2% | 0.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.63× | ||
| Q2 25 | — | 2.60× | ||
| Q1 25 | — | 2.03× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.29× | ||
| Q2 24 | — | 2.14× | ||
| Q1 24 | — | 1.26× |
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% |
PLMR
Segment breakdown not available.
