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Side-by-side financial comparison of Fastly, Inc. (FSLY) and VIRTUS INVESTMENT PARTNERS, INC. (VRTS). Click either name above to swap in a different company.
VIRTUS INVESTMENT PARTNERS, INC. is the larger business by last-quarter revenue ($199.5M vs $172.6M, roughly 1.2× Fastly, Inc.). VIRTUS INVESTMENT PARTNERS, INC. runs the higher net margin — 3.6% vs -9.0%, a 12.5% gap on every dollar of revenue. On growth, Fastly, Inc. posted the faster year-over-year revenue change (22.8% vs -4.1%). Over the past eight quarters, Fastly, Inc.'s revenue compounded faster (13.7% CAGR vs -5.7%).
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.
VIRTUS INVESTMENT PARTNERS, INC.VRTSEarnings & Financial Report
Virtus Investment Partners, Inc. is an American company which operates as a multi-manager asset management business, comprising a number of individual affiliated managers, each having its own investment process and brand, and the services of unaffiliated sub advisers.
FSLY vs VRTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $172.6M | $199.5M |
| Net Profit | $-15.5M | $7.1M |
| Gross Margin | 61.4% | — |
| Operating Margin | -8.7% | 7.7% |
| Net Margin | -9.0% | 3.6% |
| Revenue YoY | 22.8% | -4.1% |
| Net Profit YoY | 52.9% | -78.1% |
| EPS (diluted) | $-0.10 | $1.05 |
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.
| Q1 26 | — | $199.5M | ||
| Q4 25 | $172.6M | $208.0M | ||
| Q3 25 | $158.2M | $216.4M | ||
| Q2 25 | $148.7M | $210.5M | ||
| Q1 25 | $144.5M | $217.9M | ||
| Q4 24 | $140.6M | $233.5M | ||
| Q3 24 | $137.2M | $227.0M | ||
| Q2 24 | $132.4M | $224.4M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | $-15.5M | $33.9M | ||
| Q3 25 | $-29.5M | $31.3M | ||
| Q2 25 | $-37.5M | $42.7M | ||
| Q1 25 | $-39.1M | $28.1M | ||
| Q4 24 | $-32.9M | $39.5M | ||
| Q3 24 | $-38.0M | $49.1M | ||
| Q2 24 | $-43.7M | $26.0M |
| 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 | — | 7.7% | ||
| Q4 25 | -8.7% | 19.1% | ||
| Q3 25 | -18.2% | 21.7% | ||
| Q2 25 | -24.8% | 21.5% | ||
| Q1 25 | -26.4% | 16.8% | ||
| Q4 24 | -24.4% | 21.7% | ||
| Q3 24 | -29.6% | 24.3% | ||
| Q2 24 | -35.3% | 19.7% |
| Q1 26 | — | 3.6% | ||
| Q4 25 | -9.0% | 16.3% | ||
| Q3 25 | -18.6% | 14.5% | ||
| Q2 25 | -25.2% | 20.3% | ||
| Q1 25 | -27.1% | 12.9% | ||
| Q4 24 | -23.4% | 16.9% | ||
| Q3 24 | -27.7% | 21.6% | ||
| Q2 24 | -33.0% | 11.6% |
| Q1 26 | — | $1.05 | ||
| Q4 25 | $-0.10 | $5.15 | ||
| Q3 25 | $-0.20 | $4.65 | ||
| Q2 25 | $-0.26 | $6.12 | ||
| Q1 25 | $-0.27 | $4.05 | ||
| Q4 24 | $-0.23 | $4.65 | ||
| Q3 24 | $-0.27 | $5.71 | ||
| Q2 24 | $-0.32 | $2.43 |
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 | $136.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $929.6M | $93.6B |
| Total Assets | $1.5B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $136.6M | ||
| 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 | — | $390.0M | ||
| Q3 25 | — | $390.6M | ||
| Q2 25 | — | $231.3M | ||
| Q1 25 | — | $231.7M | ||
| Q4 24 | — | $232.1M | ||
| Q3 24 | — | $237.5M | ||
| Q2 24 | — | $247.6M |
| Q1 26 | — | $93.6B | ||
| Q4 25 | $929.6M | $934.0M | ||
| Q3 25 | $937.0M | $918.7M | ||
| Q2 25 | $942.6M | $896.4M | ||
| Q1 25 | $957.0M | $893.7M | ||
| Q4 24 | $965.3M | $897.5M | ||
| Q3 24 | $969.5M | $889.0M | ||
| Q2 24 | $981.2M | $868.7M |
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $4.3B | ||
| Q3 25 | $1.5B | $3.9B | ||
| Q2 25 | $1.5B | $3.7B | ||
| Q1 25 | $1.4B | $3.7B | ||
| Q4 24 | $1.5B | $4.0B | ||
| Q3 24 | $1.5B | $3.6B | ||
| Q2 24 | $1.5B | $3.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | — | 0.26× | ||
| Q3 24 | — | 0.27× | ||
| Q2 24 | — | 0.29× |
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 | $-67.2M | ||
| Q3 25 | $28.9M | $108.3M | ||
| Q2 25 | $25.8M | $75.8M | ||
| Q1 25 | $17.3M | $-3.8M | ||
| Q4 24 | $5.2M | $1.8M | ||
| Q3 24 | $5.0M | $69.1M | ||
| Q2 24 | $-4.9M | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | $12.2M | $-74.1M | ||
| Q3 25 | $22.9M | $106.9M | ||
| Q2 25 | $15.9M | $74.2M | ||
| Q1 25 | $14.7M | $-6.8M | ||
| Q4 24 | $251.0K | $-3.8M | ||
| Q3 24 | $3.0M | $68.7M | ||
| Q2 24 | $-6.7M | $68.6M |
| Q1 26 | — | — | ||
| Q4 25 | 7.1% | -35.6% | ||
| Q3 25 | 14.5% | 49.4% | ||
| Q2 25 | 10.7% | 35.2% | ||
| Q1 25 | 10.2% | -3.1% | ||
| Q4 24 | 0.2% | -1.6% | ||
| Q3 24 | 2.2% | 30.3% | ||
| Q2 24 | -5.1% | 30.6% |
| Q1 26 | — | — | ||
| Q4 25 | 5.9% | 3.3% | ||
| Q3 25 | 3.8% | 0.7% | ||
| Q2 25 | 6.6% | 0.7% | ||
| Q1 25 | 1.8% | 1.4% | ||
| Q4 24 | 3.5% | 2.4% | ||
| Q3 24 | 1.5% | 0.2% | ||
| Q2 24 | 1.3% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | -1.99× | ||
| Q3 25 | — | 3.45× | ||
| Q2 25 | — | 1.77× | ||
| Q1 25 | — | -0.13× | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | — | 1.41× | ||
| Q2 24 | — | 2.69× |
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% |
VRTS
| Investment management fees | $169.1M | 85% |
| Administration and shareholder service fees | $17.3M | 9% |
| Distribution and service fees | $11.6M | 6% |
