Comparing Fastly and UiPath as Software Infrastructure AI Plays for 2027

Investors looking at software infrastructure heading toward 2027 face a choice between edge computing provider Fastly and enterprise automation platform UiPath. Both operate in the technology sector but target vastly different market needs, ranging from website acceleration to corporate task automation.

Fastly reported annual revenue of $624.0 million, representing a 14.8% growth rate, alongside a narrowed net loss of $121.7 million. The edge cloud platform maintains a debt-to-equity ratio of 0.5x, a current ratio of 2.6x, and free cash flow of $65.8 million. However, stock-based compensation made up 124.2% of operating cash flow, and the firm deals with client concentration risks, with its top ten accounts generating roughly 32% of total revenue.

In contrast, UiPath achieved $1.6 billion in revenue with a 12.7% growth rate, transitioning into profitability with a net income of $282.3 million. Its balance sheet shows zero debt, a current ratio of 2.5x, and free cash flow of $352.2 million, though stock-based compensation accounted for about 78.3% of operating cash flow. While Fastly trades at a lower price-to-sales ratio, UiPath appears more favorably priced based on forward price-to-earnings and established profitability.

What to watch next: Monitor how both companies manage customer concentration and competitive pressure from major public cloud and enterprise vendors.