v3.26.1
Revenue
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
Disaggregation of Revenue

Revenue by geography is based on the billing address of the customer. Aside from the United States, no other single country accounted for 10% or more of revenue for the three and six months ended June 30, 2026 and 2025. The following table presents the Company’s net revenue by geographic region:
Three months ended June 30,Six months ended June 30,
2026202520262025
(in thousands)
United States$128,745 $112,770 $251,611 $221,541 
All other countries
54,572 35,939 104,727 71,642 
Total revenue$183,317 $148,709 $356,338 $293,183 
The Company reports its revenue by three product lines: Network Services, Security, and Other. Network Services include solutions designed to improve performance of websites, apps, application programming interfaces (“APIs”), and digital media. Security includes products designed to protect websites, apps, APIs, and users. Other includes Compute solutions that allow developers to build and deploy modern web applications on Fastly's edge cloud platform and Observability solutions that provide real-time logs, data, and metrics streamed from Fastly's edge platform for actionable insights. The following table presents the Company’s revenue by product line:
Three months ended June 30,Six months ended June 30,
2026202520262025
(in thousands)
Network Services
$133,897 $114,877 $260,134 $228,106 
Security41,723 29,267 80,485 55,702 
Other7,697 4,565 15,719 9,375 
Total revenue
$183,317 $148,709 $356,338 $293,183 
Contract Balances

The Company records a contract asset, or unbilled receivable, when a contractual right to consideration exists for both completed and partially completed performance obligations that have not been invoiced. Contract assets are typically related to the Company's subscription services and platform usage. Contract assets are included in accounts receivable, net on the Company's condensed consolidated balance sheets.
The Company records a contract liability, or deferred revenue, when a contract is billed to customers in advance of revenue being recognized. Deferred revenue primarily consists of the unearned portions of billings for the Company’s security subscription services and the unearned portion of committed edge cloud platform usage. Contract liabilities are included in deferred revenue for the current portion and other long term liabilities for the long-term portion on the condensed consolidated balance sheets.
The following table presents the Company’s contract assets and contract liabilities as of June 30, 2026 and as of December 31, 2025:
As of June 30, 2026As of December 31, 2025
(in thousands)
Contract assets
$1,319 $1,668 
Contract liabilities$36,244 $40,819 
The following table presents revenue recognized during the three and six months ended June 30, 2026 and 2025 from amounts included in contract liability at the beginning of the period:
Three months ended June 30,Six months ended June 30,
2026202520262025
(in thousands)
Revenue recognized in the period from amounts included in contract liability at the beginning of the period$15,211 $13,473 $24,227 $20,696 
Remaining Performance Obligations (“RPO”)
Revenue allocated to remaining performance obligations represents contracted revenue that has not yet been recognized, which includes deferred revenue and unbilled amounts that will be recognized as revenue in future periods for non-cancelable subscription arrangements and usage commitments. The Company’s RPO excludes performance obligations from on-demand arrangements when there are no minimum purchase commitments associated with these arrangements.
As of June 30, 2026, the aggregate amount of the transaction price in our contracts allocated to remaining performance obligations that are unsatisfied or partially unsatisfied was $340.9 million. As of June 30, 2026, the Company expects to recognize approximately 79% of its remaining performance obligations over the next 12 months. The Company’s typical contractual term with its customers is one year, although terms may vary by contract.