vs
Side-by-side financial comparison of Fastly, Inc. (FSLY) and Vericel Corp (VCEL). Click either name above to swap in a different company.
Fastly, Inc. is the larger business by last-quarter revenue ($172.6M vs $92.9M, roughly 1.9× Vericel Corp). Vericel Corp runs the higher net margin — 25.0% vs -9.0%, a 34.0% gap on every dollar of revenue. On growth, Vericel Corp posted the faster year-over-year revenue change (23.3% vs 22.8%). Vericel Corp produced more free cash flow last quarter ($12.8M vs $12.2M). Over the past eight quarters, Vericel Corp's revenue compounded faster (34.6% 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.
Vericel Corporation is a publicly traded American biopharmaceutical company which was known prior to October 2014 as Aastrom Bio. Aastrom Bio was formed in 1989 in Ann Arbor, Michigan.
FSLY vs VCEL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $172.6M | $92.9M |
| Net Profit | $-15.5M | $23.2M |
| Gross Margin | 61.4% | 78.7% |
| Operating Margin | -8.7% | 24.1% |
| Net Margin | -9.0% | 25.0% |
| Revenue YoY | 22.8% | 23.3% |
| Net Profit YoY | 52.9% | 17.3% |
| EPS (diluted) | $-0.10 | $0.46 |
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 | $92.9M | ||
| Q3 25 | $158.2M | $67.5M | ||
| Q2 25 | $148.7M | $63.2M | ||
| Q1 25 | $144.5M | $52.6M | ||
| Q4 24 | $140.6M | $75.4M | ||
| Q3 24 | $137.2M | $57.9M | ||
| Q2 24 | $132.4M | $52.7M | ||
| Q1 24 | $133.5M | $51.3M |
| Q4 25 | $-15.5M | $23.2M | ||
| Q3 25 | $-29.5M | $5.1M | ||
| Q2 25 | $-37.5M | $-553.0K | ||
| Q1 25 | $-39.1M | $-11.2M | ||
| Q4 24 | $-32.9M | $19.8M | ||
| Q3 24 | $-38.0M | $-901.0K | ||
| Q2 24 | $-43.7M | $-4.7M | ||
| Q1 24 | $-43.4M | $-3.9M |
| Q4 25 | 61.4% | 78.7% | ||
| Q3 25 | 58.4% | 73.5% | ||
| Q2 25 | 54.5% | 73.7% | ||
| Q1 25 | 53.2% | 69.0% | ||
| Q4 24 | 53.4% | 77.6% | ||
| Q3 24 | 54.5% | 71.9% | ||
| Q2 24 | 55.1% | 69.5% | ||
| Q1 24 | 54.8% | 68.9% |
| Q4 25 | -8.7% | 24.1% | ||
| Q3 25 | -18.2% | 5.1% | ||
| Q2 25 | -24.8% | -3.2% | ||
| Q1 25 | -26.4% | -24.3% | ||
| Q4 24 | -24.4% | 24.5% | ||
| Q3 24 | -29.6% | -4.3% | ||
| Q2 24 | -35.3% | -11.5% | ||
| Q1 24 | -34.6% | -10.7% |
| Q4 25 | -9.0% | 25.0% | ||
| Q3 25 | -18.6% | 7.5% | ||
| Q2 25 | -25.2% | -0.9% | ||
| Q1 25 | -27.1% | -21.4% | ||
| Q4 24 | -23.4% | 26.3% | ||
| Q3 24 | -27.7% | -1.6% | ||
| Q2 24 | -33.0% | -8.9% | ||
| Q1 24 | -32.5% | -7.5% |
| Q4 25 | $-0.10 | $0.46 | ||
| Q3 25 | $-0.20 | $0.10 | ||
| Q2 25 | $-0.26 | $-0.01 | ||
| Q1 25 | $-0.27 | $-0.23 | ||
| Q4 24 | $-0.23 | $0.40 | ||
| Q3 24 | $-0.27 | $-0.02 | ||
| Q2 24 | $-0.32 | $-0.10 | ||
| Q1 24 | $-0.32 | $-0.08 |
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 | $137.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $929.6M | $354.6M |
| Total Assets | $1.5B | $488.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $361.8M | $137.5M | ||
| Q3 25 | $342.9M | $135.4M | ||
| Q2 25 | $321.2M | $116.9M | ||
| Q1 25 | $307.3M | $112.9M | ||
| Q4 24 | $295.9M | $116.2M | ||
| Q3 24 | $308.2M | $101.7M | ||
| Q2 24 | $311.8M | $102.5M | ||
| Q1 24 | $329.5M | $110.6M |
| Q4 25 | $929.6M | $354.6M | ||
| Q3 25 | $937.0M | $321.9M | ||
| Q2 25 | $942.6M | $306.8M | ||
| Q1 25 | $957.0M | $295.5M | ||
| Q4 24 | $965.3M | $292.0M | ||
| Q3 24 | $969.5M | $257.5M | ||
| Q2 24 | $981.2M | $243.0M | ||
| Q1 24 | $991.8M | $233.9M |
| Q4 25 | $1.5B | $488.0M | ||
| Q3 25 | $1.5B | $453.3M | ||
| Q2 25 | $1.5B | $435.6M | ||
| Q1 25 | $1.4B | $424.6M | ||
| Q4 24 | $1.5B | $432.7M | ||
| Q3 24 | $1.5B | $390.4M | ||
| Q2 24 | $1.5B | $376.8M | ||
| Q1 24 | $1.5B | $356.7M |
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 | $15.0M |
| Free Cash FlowOCF − Capex | $12.2M | $12.8M |
| FCF MarginFCF / Revenue | 7.1% | 13.8% |
| Capex IntensityCapex / Revenue | 5.9% | 2.4% |
| Cash ConversionOCF / Net Profit | — | 0.65× |
| TTM Free Cash FlowTrailing 4 quarters | $65.8M | $24.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $22.4M | $15.0M | ||
| Q3 25 | $28.9M | $22.1M | ||
| Q2 25 | $25.8M | $8.2M | ||
| Q1 25 | $17.3M | $6.6M | ||
| Q4 24 | $5.2M | $22.2M | ||
| Q3 24 | $5.0M | $10.2M | ||
| Q2 24 | $-4.9M | $18.5M | ||
| Q1 24 | $11.1M | $7.2M |
| Q4 25 | $12.2M | $12.8M | ||
| Q3 25 | $22.9M | $19.5M | ||
| Q2 25 | $15.9M | $81.0K | ||
| Q1 25 | $14.7M | $-7.6M | ||
| Q4 24 | $251.0K | $8.5M | ||
| Q3 24 | $3.0M | $-9.2M | ||
| Q2 24 | $-6.7M | $1.8M | ||
| Q1 24 | $9.5M | $-6.8M |
| Q4 25 | 7.1% | 13.8% | ||
| Q3 25 | 14.5% | 28.8% | ||
| Q2 25 | 10.7% | 0.1% | ||
| Q1 25 | 10.2% | -14.5% | ||
| Q4 24 | 0.2% | 11.2% | ||
| Q3 24 | 2.2% | -15.9% | ||
| Q2 24 | -5.1% | 3.4% | ||
| Q1 24 | 7.1% | -13.3% |
| Q4 25 | 5.9% | 2.4% | ||
| Q3 25 | 3.8% | 3.9% | ||
| Q2 25 | 6.6% | 12.9% | ||
| Q1 25 | 1.8% | 27.0% | ||
| Q4 24 | 3.5% | 18.3% | ||
| Q3 24 | 1.5% | 33.5% | ||
| Q2 24 | 1.3% | 31.8% | ||
| Q1 24 | 1.2% | 27.3% |
| Q4 25 | — | 0.65× | ||
| Q3 25 | — | 4.35× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.12× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
VCEL
| MACI Implants And Kits | $84.1M | 90% |
| Other | $8.8M | 10% |
