vs
Side-by-side financial comparison of Fastly, Inc. (FSLY) and Safehold Inc. (SAFE). Click either name above to swap in a different company.
Fastly, Inc. is the larger business by last-quarter revenue ($172.6M vs $97.9M, roughly 1.8× Safehold Inc.). Safehold Inc. runs the higher net margin — 28.5% vs -9.0%, a 37.5% gap on every dollar of revenue. On growth, Fastly, Inc. posted the faster year-over-year revenue change (22.8% vs 6.5%). Over the past eight quarters, Fastly, Inc.'s revenue compounded faster (13.7% CAGR vs 2.5%).
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.
SAFE Investment Company Limited is a Chinese sovereign wealth fund based in Hong Kong.
FSLY vs SAFE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $172.6M | $97.9M |
| Net Profit | $-15.5M | $27.9M |
| Gross Margin | 61.4% | 98.6% |
| Operating Margin | -8.7% | 27.4% |
| Net Margin | -9.0% | 28.5% |
| Revenue YoY | 22.8% | 6.5% |
| Net Profit YoY | 52.9% | 7.1% |
| EPS (diluted) | $-0.10 | $0.38 |
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 | $97.9M | ||
| Q3 25 | $158.2M | $96.2M | ||
| Q2 25 | $148.7M | $93.8M | ||
| Q1 25 | $144.5M | $97.7M | ||
| Q4 24 | $140.6M | $91.9M | ||
| Q3 24 | $137.2M | $90.7M | ||
| Q2 24 | $132.4M | $89.9M | ||
| Q1 24 | $133.5M | $93.2M |
| Q4 25 | $-15.5M | $27.9M | ||
| Q3 25 | $-29.5M | $29.3M | ||
| Q2 25 | $-37.5M | $27.9M | ||
| Q1 25 | $-39.1M | $29.4M | ||
| Q4 24 | $-32.9M | $26.0M | ||
| Q3 24 | $-38.0M | $19.3M | ||
| Q2 24 | $-43.7M | $29.7M | ||
| Q1 24 | $-43.4M | $30.7M |
| Q4 25 | 61.4% | 98.6% | ||
| Q3 25 | 58.4% | 98.5% | ||
| Q2 25 | 54.5% | 99.1% | ||
| Q1 25 | 53.2% | 98.8% | ||
| Q4 24 | 53.4% | 98.8% | ||
| Q3 24 | 54.5% | 98.8% | ||
| Q2 24 | 55.1% | 98.8% | ||
| Q1 24 | 54.8% | 98.8% |
| Q4 25 | -8.7% | 27.4% | ||
| Q3 25 | -18.2% | 25.9% | ||
| Q2 25 | -24.8% | 25.5% | ||
| Q1 25 | -26.4% | 25.9% | ||
| Q4 24 | -24.4% | 24.6% | ||
| Q3 24 | -29.6% | 17.5% | ||
| Q2 24 | -35.3% | 26.7% | ||
| Q1 24 | -34.6% | 26.4% |
| Q4 25 | -9.0% | 28.5% | ||
| Q3 25 | -18.6% | 30.5% | ||
| Q2 25 | -25.2% | 29.8% | ||
| Q1 25 | -27.1% | 30.1% | ||
| Q4 24 | -23.4% | 28.3% | ||
| Q3 24 | -27.7% | 21.3% | ||
| Q2 24 | -33.0% | 33.0% | ||
| Q1 24 | -32.5% | 33.0% |
| Q4 25 | $-0.10 | $0.38 | ||
| Q3 25 | $-0.20 | $0.41 | ||
| Q2 25 | $-0.26 | $0.39 | ||
| Q1 25 | $-0.27 | $0.41 | ||
| Q4 24 | $-0.23 | $0.36 | ||
| Q3 24 | $-0.27 | $0.27 | ||
| Q2 24 | $-0.32 | $0.42 | ||
| Q1 24 | $-0.32 | $0.43 |
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 | $21.7M |
| Total DebtLower is stronger | — | $4.6B |
| Stockholders' EquityBook value | $929.6M | $2.4B |
| Total Assets | $1.5B | $7.2B |
| Debt / EquityLower = less leverage | — | 1.90× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $361.8M | $21.7M | ||
| Q3 25 | $342.9M | $12.1M | ||
| Q2 25 | $321.2M | $13.9M | ||
| Q1 25 | $307.3M | $17.3M | ||
| Q4 24 | $295.9M | $8.3M | ||
| Q3 24 | $308.2M | $15.6M | ||
| Q2 24 | $311.8M | $13.4M | ||
| Q1 24 | $329.5M | $11.3M |
| Q4 25 | — | $4.6B | ||
| Q3 25 | — | $4.5B | ||
| Q2 25 | — | $4.4B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | — | $4.3B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.2B | ||
| Q1 24 | — | $4.1B |
| Q4 25 | $929.6M | $2.4B | ||
| Q3 25 | $937.0M | $2.4B | ||
| Q2 25 | $942.6M | $2.4B | ||
| Q1 25 | $957.0M | $2.4B | ||
| Q4 24 | $965.3M | $2.3B | ||
| Q3 24 | $969.5M | $2.3B | ||
| Q2 24 | $981.2M | $2.3B | ||
| Q1 24 | $991.8M | $2.3B |
| Q4 25 | $1.5B | $7.2B | ||
| Q3 25 | $1.5B | $7.1B | ||
| Q2 25 | $1.5B | $7.1B | ||
| Q1 25 | $1.4B | $6.9B | ||
| Q4 24 | $1.5B | $6.9B | ||
| Q3 24 | $1.5B | $6.8B | ||
| Q2 24 | $1.5B | $6.8B | ||
| Q1 24 | $1.5B | $6.7B |
| Q4 25 | — | 1.90× | ||
| Q3 25 | — | 1.89× | ||
| Q2 25 | — | 1.87× | ||
| Q1 25 | — | 1.85× | ||
| Q4 24 | — | 1.84× | ||
| Q3 24 | — | 1.88× | ||
| Q2 24 | — | 1.81× | ||
| Q1 24 | — | 1.81× |
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 | $47.8M |
| Free Cash FlowOCF − Capex | $12.2M | — |
| FCF MarginFCF / Revenue | 7.1% | — |
| Capex IntensityCapex / Revenue | 5.9% | — |
| Cash ConversionOCF / Net Profit | — | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | $65.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $22.4M | $47.8M | ||
| Q3 25 | $28.9M | $-1.4M | ||
| Q2 25 | $25.8M | $28.0M | ||
| Q1 25 | $17.3M | $8.9M | ||
| Q4 24 | $5.2M | $37.9M | ||
| Q3 24 | $5.0M | $8.3M | ||
| Q2 24 | $-4.9M | $24.8M | ||
| Q1 24 | $11.1M | $-3.1M |
| Q4 25 | $12.2M | — | ||
| Q3 25 | $22.9M | — | ||
| Q2 25 | $15.9M | — | ||
| Q1 25 | $14.7M | — | ||
| Q4 24 | $251.0K | — | ||
| Q3 24 | $3.0M | — | ||
| Q2 24 | $-6.7M | — | ||
| Q1 24 | $9.5M | — |
| Q4 25 | 7.1% | — | ||
| Q3 25 | 14.5% | — | ||
| Q2 25 | 10.7% | — | ||
| Q1 25 | 10.2% | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 2.2% | — | ||
| Q2 24 | -5.1% | — | ||
| Q1 24 | 7.1% | — |
| Q4 25 | 5.9% | — | ||
| Q3 25 | 3.8% | — | ||
| Q2 25 | 6.6% | — | ||
| Q1 25 | 1.8% | — | ||
| Q4 24 | 3.5% | — | ||
| Q3 24 | 1.5% | — | ||
| Q2 24 | 1.3% | — | ||
| Q1 24 | 1.2% | — |
| Q4 25 | — | 1.72× | ||
| Q3 25 | — | -0.05× | ||
| Q2 25 | — | 1.00× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | — | 0.43× | ||
| Q2 24 | — | 0.83× | ||
| Q1 24 | — | -0.10× |
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% |
SAFE
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $60.3M | 62% |
| Other | $33.7M | 34% |
| Stabilized Properties | $3.8M | 4% |
