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Side-by-side financial comparison of Fastly, Inc. (FSLY) and Perella Weinberg Partners (PWP). Click either name above to swap in a different company.
Perella Weinberg Partners is the larger business by last-quarter revenue ($219.2M vs $173.0M, roughly 1.3× Fastly, Inc.). Perella Weinberg Partners runs the higher net margin — 6.3% vs -11.9%, a 18.2% gap on every dollar of revenue. On growth, Fastly, Inc. posted the faster year-over-year revenue change (19.8% vs -2.9%). Perella Weinberg Partners produced more free cash flow last quarter ($30.5M vs $4.1M). Over the past eight quarters, Perella Weinberg Partners's revenue compounded faster (46.5% CAGR vs 14.3%).
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.
PJT Partners, Inc. is a global advisory-focused investment bank, founded in October 2015 as part of The Blackstone Group's spin-off of its financial and strategic advisory services businesses.
FSLY vs PWP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $173.0M | $219.2M |
| Net Profit | $-20.5M | $13.8M |
| Gross Margin | 62.5% | — |
| Operating Margin | 23.7% | 8.5% |
| Net Margin | -11.9% | 6.3% |
| Revenue YoY | 19.8% | -2.9% |
| Net Profit YoY | 47.6% | — |
| EPS (diluted) | $-0.13 | $0.11 |
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 | $172.6M | $219.2M | ||
| Q3 25 | $158.2M | $164.6M | ||
| Q2 25 | $148.7M | $155.3M | ||
| Q1 25 | $144.5M | $211.8M | ||
| Q4 24 | $140.6M | $225.7M | ||
| Q3 24 | $137.2M | $278.2M | ||
| Q2 24 | $132.4M | $272.0M |
| Q1 26 | $-20.5M | — | ||
| Q4 25 | $-15.5M | $13.8M | ||
| Q3 25 | $-29.5M | $6.0M | ||
| Q2 25 | $-37.5M | $2.7M | ||
| Q1 25 | $-39.1M | $17.3M | ||
| Q4 24 | $-32.9M | — | ||
| Q3 24 | $-38.0M | $16.4M | ||
| Q2 24 | $-43.7M | $-66.0M |
| 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% | 8.5% | ||
| Q3 25 | -18.2% | 5.4% | ||
| Q2 25 | -24.8% | 5.8% | ||
| Q1 25 | -26.4% | 5.5% | ||
| Q4 24 | -24.4% | — | ||
| Q3 24 | -29.6% | 12.9% | ||
| Q2 24 | -35.3% | -30.2% |
| Q1 26 | -11.9% | — | ||
| Q4 25 | -9.0% | 6.3% | ||
| Q3 25 | -18.6% | 3.6% | ||
| Q2 25 | -25.2% | 1.8% | ||
| Q1 25 | -27.1% | 8.2% | ||
| Q4 24 | -23.4% | — | ||
| Q3 24 | -27.7% | 5.9% | ||
| Q2 24 | -33.0% | -24.3% |
| Q1 26 | $-0.13 | — | ||
| Q4 25 | $-0.10 | $0.11 | ||
| Q3 25 | $-0.20 | $0.08 | ||
| Q2 25 | $-0.26 | $0.04 | ||
| Q1 25 | $-0.27 | $0.24 | ||
| Q4 24 | $-0.23 | — | ||
| Q3 24 | $-0.27 | $0.24 | ||
| Q2 24 | $-0.32 | $-1.21 |
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 | $255.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $977.1M | $-127.4M |
| Total Assets | $1.5B | $797.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $146.7M | — | ||
| Q4 25 | $361.8M | $255.9M | ||
| Q3 25 | $342.9M | $185.5M | ||
| Q2 25 | $321.2M | $145.0M | ||
| Q1 25 | $307.3M | $111.2M | ||
| Q4 24 | $295.9M | $407.4M | ||
| Q3 24 | $308.2M | $335.1M | ||
| Q2 24 | $311.8M | $185.3M |
| Q1 26 | $977.1M | — | ||
| Q4 25 | $929.6M | $-127.4M | ||
| Q3 25 | $937.0M | $-302.4M | ||
| Q2 25 | $942.6M | $-318.4M | ||
| Q1 25 | $957.0M | $-323.1M | ||
| Q4 24 | $965.3M | $-421.4M | ||
| Q3 24 | $969.5M | $-360.8M | ||
| Q2 24 | $981.2M | $-283.0M |
| Q1 26 | $1.5B | — | ||
| Q4 25 | $1.5B | $797.6M | ||
| Q3 25 | $1.5B | $650.2M | ||
| Q2 25 | $1.5B | $606.7M | ||
| Q1 25 | $1.4B | $570.5M | ||
| Q4 24 | $1.5B | $876.8M | ||
| Q3 24 | $1.5B | $810.9M | ||
| Q2 24 | $1.5B | $645.5M |
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 | $34.8M |
| Free Cash FlowOCF − Capex | $4.1M | $30.5M |
| FCF MarginFCF / Revenue | 2.4% | 13.9% |
| Capex IntensityCapex / Revenue | 14.3% | 2.0% |
| Cash ConversionOCF / Net Profit | — | 2.52× |
| TTM Free Cash FlowTrailing 4 quarters | $55.2M | $-34.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $28.9M | — | ||
| Q4 25 | $22.4M | $34.8M | ||
| Q3 25 | $28.9M | $59.2M | ||
| Q2 25 | $25.8M | $56.1M | ||
| Q1 25 | $17.3M | $-176.5M | ||
| Q4 24 | $5.2M | $223.4M | ||
| Q3 24 | $5.0M | $200.3M | ||
| Q2 24 | $-4.9M | $90.0M |
| Q1 26 | $4.1M | — | ||
| Q4 25 | $12.2M | $30.5M | ||
| Q3 25 | $22.9M | $57.6M | ||
| Q2 25 | $15.9M | $55.3M | ||
| Q1 25 | $14.7M | $-177.6M | ||
| Q4 24 | $251.0K | $207.0M | ||
| Q3 24 | $3.0M | $199.3M | ||
| Q2 24 | $-6.7M | $83.7M |
| Q1 26 | 2.4% | — | ||
| Q4 25 | 7.1% | 13.9% | ||
| Q3 25 | 14.5% | 35.0% | ||
| Q2 25 | 10.7% | 35.6% | ||
| Q1 25 | 10.2% | -83.8% | ||
| Q4 24 | 0.2% | 91.7% | ||
| Q3 24 | 2.2% | 71.6% | ||
| Q2 24 | -5.1% | 30.8% |
| Q1 26 | 14.3% | — | ||
| Q4 25 | 5.9% | 2.0% | ||
| Q3 25 | 3.8% | 0.9% | ||
| Q2 25 | 6.6% | 0.5% | ||
| Q1 25 | 1.8% | 0.5% | ||
| Q4 24 | 3.5% | 7.3% | ||
| Q3 24 | 1.5% | 0.4% | ||
| Q2 24 | 1.3% | 2.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.52× | ||
| Q3 25 | — | 9.85× | ||
| Q2 25 | — | 20.50× | ||
| Q1 25 | — | -10.18× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 12.23× | ||
| Q2 24 | — | — |
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% |
PWP
Segment breakdown not available.
