Cloudflare revenue and financials

NET · NYSE · USD

$355.01−1.25%−$4.48

Close · October 6, 2026

In the fiscal year ended December 2025, Cloudflare reported revenue of $2.17B (+29.85% year over year). The net loss was $102.27M.

Annual revenue · 2025: $2.17B
  1. $134.92M2017
  2. $192.67M2018
  3. $287.02M2019
  4. $431.06M2020
  5. $656.43M2021
  6. $975.24M2022
  7. $1.3B2023
  8. $1.67B2024
  9. $2.17B2025

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.

ItemQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023
Total revenue696640615562512479460430401379362336
Cost of revenue19718416214612911610996.089.085.083.378.1
Gross profit500456453416384364351334312294279258
Selling, general and administrative393367351332313302265254244245226206
Research and development15915114212113511512011110387.796.490.6
Operating income-52.9-62.0-40.2-37.5-63.4-53.2-34.0-30.8-34.7-39.6-42.8-39.2
EBIT-52.9-62.0-40.2-37.5-63.4-53.2-34.0-30.8-34.7-39.6-42.8-39.2
EBITDA3.7-12.34.44.1-25.7-18.4-4.8-5.4-10.9-14.9-12.0-10.2
Interest expense3.12.62.92.91.51.41.41.41.21.11.11.1
Pre-tax income-168-21.4-10.51.9-47.3-36.8-10.8-12.8-13.9-33.3-25.8-22.3
Income tax2.01.51.63.13.21.72.02.51.12.32.11.3
Net income-170-22.9-12.1-1.3-50.4-38.5-12.8-15.3-15.1-35.5-27.9-23.5
Net income to common shareholders-170-22.9-12.1-1.3-50.4-38.5-12.8-15.3-15.1-35.5-27.9-23.5
Basic EPS-0.48-0.07-0.03-0.00-0.15-0.11-0.04-0.04-0.04-0.10-0.08-0.07
Diluted EPS-0.48-0.07-0.03-0.00-0.15-0.11-0.04-0.04-0.04-0.10-0.08-0.07
Average shares (basic)354353351349347346344342341339337335
Average shares (diluted)354353351349347346344342341339337335