stockrowCloudflare, Inc.
NET Technology Software Infrastructure
Cloudflare, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.2 billion, up 29.8% from fiscal 2024.
- Revenue
- +39.2%
- EPS
- −2,602.7%
- Free cash flow
- +9.48%
- Total debt
- +125.2%
Quarter to September 2026, against a year earlier
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Cloudflare, Inc. (NET) Free cash flow
Cloudflare, Inc.'s free cash flow for fiscal 2025 was $260.6M, up 56.1% from $166.9M in fiscal 2024. Over the twelve months to 30 September 2026 it was $322.0M. Over the past ten years it has ranged from −$96.2M (fiscal 2019) to $260.6M (fiscal 2025) — the current reading is the highest in ten years. Free cash flow has risen for 6 consecutive fiscal years. Cloudflare, Inc. ranks 36th of 172 Software Infrastructure companies by free cash flow.
Free cash flow, annual
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Annual newest first
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | $260.6M | 56.10% |
| FY2024 | $166.9M | 39.72% |
| FY2023 | $119.5M | — |
| FY2022 | −$39.8M | — |
| FY2021 | −$43.1M | — |
| FY2020 | −$92.1M | — |
| FY2019 | −$96.2M | — |
| FY2018 | −$78.1M | — |
| FY2017 | −$19.8M | — |
| FY2016 | −$31.9M | — |
Quarterly newest first
| Period | Free cash flow | Change |
|---|---|---|
| Sep 2026 | $82.1M | 45.57% |
| Jun 2026 | $56.4M | (32.94%) |
| Mar 2026 | $84.1M | (15.46%) |
| Dec 2025 | $99.4M | 32.64% |
| 31 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| XYZ Block, Inc. compare | $3.5B |
| FTNT Fortinet, Inc. compare | $3.4B |
| SNPS Synopsys, Inc. compare | $2.7B |
| NTAP NetApp, Inc. compare | $1.7B |
| CRWD CrowdStrike compare | $1.5B |
| OKTA Okta, Inc. compare | $958.0M |
| ZS Zscaler, Inc. compare | $779.1M |
| NET Cloudflare, Inc. | $322.0M |
| NBIS Nebius Group N.V. compare | −$5.9B |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
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