Cloudflare revenue and financials
$359.49Change from previous close: +2.99%Absolute change: +$10.42
In the fiscal year ended December 2025, Cloudflare reported revenue of $2.17B (+29.85% year over year). The net loss was $102.27M.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +29.85%
- 2025 vs 2024
- Net margin
- -4.7%
- 2024: -4.7%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 603 | 380 | 254 | 124 | 64.6 | -17.1 | -38.9 | -43.3 | 3.2 |
| Depreciation and amortization | 190 | 128 | 136 | 102 | 66.6 | 49.4 | 29.5 | 18.9 | 12.2 |
| Capital expenditure | -316 | -185 | -114 | -144 | -93.0 | -56.4 | -43.3 | -25.5 | -19.0 |
| Investing cash flow | -1,807 | -330 | -186 | -236 | — | — | — | — | — |
| Financing cash flow | 2,004 | 12.8 | -192 | 6.3 | — | — | — | — | — |
| Share repurchases | 0.0 | 0.0 | -0.0 | -0.0 | -0.2 | -0.2 | -0.3 | -0.1 | -0.0 |
| Debt issued | 2,000 | 0.0 | 0.0 | 0.0 | — | — | — | — | — |
| Debt repaid | 0.0 | 0.0 | -208 | -16.6 | — | — | — | — | — |
| Net change in cash | 800 | 63.0 | -124 | -106 | — | — | — | — | — |
| Free cash flow | 261 | 167 | 119 | -39.8 | — | — | — | — | — |