Cloudflare revenue and financials
$355.01Change from previous close: −1.25%Absolute change: −$4.48
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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 118 | 158 | 190 | 167 | 99.8 | 146 | 127 | 105 | 74.8 | 73.6 | 85.4 | 68.1 |
| Depreciation and amortization | 56.7 | 49.7 | 44.6 | 41.6 | 37.7 | 34.8 | 29.2 | 25.4 | 23.8 | 24.6 | 30.8 | 29.1 |
| Capital expenditure | -50.0 | -65.2 | -91.7 | -84.6 | -59.9 | -85.9 | -88.0 | -50.2 | -29.6 | -32.1 | -30.8 | -27.3 |
| Investing cash flow | 608 | -159 | -292 | -630 | -793 | -92.4 | -167 | -76.4 | -184 | 97.0 | -102 | -100 |
| Financing cash flow | 5.8 | -9.5 | -3.8 | -3.6 | 2,008 | 3.5 | 8.0 | -2.4 | 7.1 | 0.0 | 9.8 | -34.6 |
| Share repurchases | -14.4 | -15.1 | -16.1 | -14.0 | -10.5 | -7.7 | -4.2 | -3.8 | -4.4 | -4.4 | -2.3 | -2.3 |
| Debt issued | — | — | 0.0 | 0.0 | 2,000 | — | — | — | — | — | — | — |
| Debt repaid | — | — | — | — | — | — | — | — | — | — | — | -35.4 |
| Net change in cash | 732 | -9.9 | -105 | -466 | 1,314 | 56.9 | -31.7 | 25.9 | -102 | 171 | -6.4 | -66.7 |
| Free cash flow | 67.6 | 93.1 | 98.7 | 82.5 | 39.9 | 59.9 | 39.3 | 54.5 | 45.2 | 41.5 | 54.6 | 40.8 |
| Levered free cash flow | 313 | 138 | 153 | 90.5 | 382 | -240 | 111 | 100 | 61.3 | 71.0 | 126 | 56.6 |