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Side-by-side financial comparison of Fastly, Inc. (FSLY) and WORKIVA INC (WK). Click either name above to swap in a different company.
WORKIVA INC is the larger business by last-quarter revenue ($238.9M vs $172.6M, roughly 1.4× Fastly, Inc.). WORKIVA INC runs the higher net margin — 4.9% vs -9.0%, a 13.9% gap on every dollar of revenue. On growth, Fastly, Inc. posted the faster year-over-year revenue change (22.8% vs 19.5%). WORKIVA INC produced more free cash flow last quarter ($50.7M vs $12.2M). Over the past eight quarters, WORKIVA INC's revenue compounded faster (16.6% 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.
Workiva, Inc. is a global software-as-a-service (SaaS) company. It provides a cloud-based connected and reporting compliance platform that enables the use of connected data and automation of reporting across finance, accounting, risk, and compliance.
FSLY vs WK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $172.6M | $238.9M |
| Net Profit | $-15.5M | $11.8M |
| Gross Margin | 61.4% | 80.7% |
| Operating Margin | -8.7% | 3.3% |
| Net Margin | -9.0% | 4.9% |
| Revenue YoY | 22.8% | 19.5% |
| Net Profit YoY | 52.9% | 234.0% |
| EPS (diluted) | $-0.10 | $0.21 |
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 | $238.9M | ||
| Q3 25 | $158.2M | $224.2M | ||
| Q2 25 | $148.7M | $215.2M | ||
| Q1 25 | $144.5M | $206.3M | ||
| Q4 24 | $140.6M | $199.9M | ||
| Q3 24 | $137.2M | $185.6M | ||
| Q2 24 | $132.4M | $177.5M | ||
| Q1 24 | $133.5M | $175.7M |
| Q4 25 | $-15.5M | $11.8M | ||
| Q3 25 | $-29.5M | $2.8M | ||
| Q2 25 | $-37.5M | $-19.4M | ||
| Q1 25 | $-39.1M | $-21.4M | ||
| Q4 24 | $-32.9M | $-8.8M | ||
| Q3 24 | $-38.0M | $-17.0M | ||
| Q2 24 | $-43.7M | $-17.5M | ||
| Q1 24 | $-43.4M | $-11.7M |
| Q4 25 | 61.4% | 80.7% | ||
| Q3 25 | 58.4% | 79.3% | ||
| Q2 25 | 54.5% | 77.0% | ||
| Q1 25 | 53.2% | 76.6% | ||
| Q4 24 | 53.4% | 77.1% | ||
| Q3 24 | 54.5% | 76.5% | ||
| Q2 24 | 55.1% | 76.8% | ||
| Q1 24 | 54.8% | 76.4% |
| Q4 25 | -8.7% | 3.3% | ||
| Q3 25 | -18.2% | -1.5% | ||
| Q2 25 | -24.8% | -10.3% | ||
| Q1 25 | -26.4% | -12.0% | ||
| Q4 24 | -24.4% | -6.7% | ||
| Q3 24 | -29.6% | -11.7% | ||
| Q2 24 | -35.3% | -13.0% | ||
| Q1 24 | -34.6% | -10.4% |
| Q4 25 | -9.0% | 4.9% | ||
| Q3 25 | -18.6% | 1.2% | ||
| Q2 25 | -25.2% | -9.0% | ||
| Q1 25 | -27.1% | -10.4% | ||
| Q4 24 | -23.4% | -4.4% | ||
| Q3 24 | -27.7% | -9.2% | ||
| Q2 24 | -33.0% | -9.9% | ||
| Q1 24 | -32.5% | -6.7% |
| Q4 25 | $-0.10 | $0.21 | ||
| Q3 25 | $-0.20 | $0.05 | ||
| Q2 25 | $-0.26 | $-0.35 | ||
| Q1 25 | $-0.27 | $-0.38 | ||
| Q4 24 | $-0.23 | $-0.15 | ||
| Q3 24 | $-0.27 | $-0.31 | ||
| Q2 24 | $-0.32 | $-0.32 | ||
| Q1 24 | $-0.32 | $-0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $361.8M | $338.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $929.6M | $-5.4M |
| Total Assets | $1.5B | $1.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $361.8M | $338.8M | ||
| Q3 25 | $342.9M | $315.9M | ||
| Q2 25 | $321.2M | $284.3M | ||
| Q1 25 | $307.3M | $242.0M | ||
| Q4 24 | $295.9M | $301.8M | ||
| Q3 24 | $308.2M | $248.2M | ||
| Q2 24 | $311.8M | $267.9M | ||
| Q1 24 | $329.5M | $296.1M |
| Q4 25 | $929.6M | $-5.4M | ||
| Q3 25 | $937.0M | $-36.9M | ||
| Q2 25 | $942.6M | $-66.5M | ||
| Q1 25 | $957.0M | $-75.7M | ||
| Q4 24 | $965.3M | $-41.7M | ||
| Q3 24 | $969.5M | $-50.8M | ||
| Q2 24 | $981.2M | $-77.7M | ||
| Q1 24 | $991.8M | $-83.2M |
| Q4 25 | $1.5B | $1.5B | ||
| Q3 25 | $1.5B | $1.4B | ||
| Q2 25 | $1.5B | $1.3B | ||
| Q1 25 | $1.4B | $1.3B | ||
| Q4 24 | $1.5B | $1.4B | ||
| Q3 24 | $1.5B | $1.3B | ||
| Q2 24 | $1.5B | $1.2B | ||
| Q1 24 | $1.5B | $1.2B |
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 | $51.0M |
| Free Cash FlowOCF − Capex | $12.2M | $50.7M |
| FCF MarginFCF / Revenue | 7.1% | 21.2% |
| Capex IntensityCapex / Revenue | 5.9% | 0.1% |
| Cash ConversionOCF / Net Profit | — | 4.31× |
| TTM Free Cash FlowTrailing 4 quarters | $65.8M | $138.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $22.4M | $51.0M | ||
| Q3 25 | $28.9M | $46.2M | ||
| Q2 25 | $25.8M | $50.3M | ||
| Q1 25 | $17.3M | $-7.4M | ||
| Q4 24 | $5.2M | $44.0M | ||
| Q3 24 | $5.0M | $18.9M | ||
| Q2 24 | $-4.9M | $-14.0K | ||
| Q1 24 | $11.1M | $24.8M |
| Q4 25 | $12.2M | $50.7M | ||
| Q3 25 | $22.9M | $46.1M | ||
| Q2 25 | $15.9M | $49.3M | ||
| Q1 25 | $14.7M | $-8.1M | ||
| Q4 24 | $251.0K | $43.2M | ||
| Q3 24 | $3.0M | $18.7M | ||
| Q2 24 | $-6.7M | $-122.0K | ||
| Q1 24 | $9.5M | $24.6M |
| Q4 25 | 7.1% | 21.2% | ||
| Q3 25 | 14.5% | 20.5% | ||
| Q2 25 | 10.7% | 22.9% | ||
| Q1 25 | 10.2% | -3.9% | ||
| Q4 24 | 0.2% | 21.6% | ||
| Q3 24 | 2.2% | 10.1% | ||
| Q2 24 | -5.1% | -0.1% | ||
| Q1 24 | 7.1% | 14.0% |
| Q4 25 | 5.9% | 0.1% | ||
| Q3 25 | 3.8% | 0.0% | ||
| Q2 25 | 6.6% | 0.5% | ||
| Q1 25 | 1.8% | 0.4% | ||
| Q4 24 | 3.5% | 0.4% | ||
| Q3 24 | 1.5% | 0.1% | ||
| Q2 24 | 1.3% | 0.1% | ||
| Q1 24 | 1.2% | 0.1% |
| Q4 25 | — | 4.31× | ||
| Q3 25 | — | 16.57× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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% |
WK
| License And Service | $219.3M | 92% |
| XBRL Professional Services | $16.4M | 7% |
| Other Services | $3.2M | 1% |
