Cloudflare, 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

244.63 21.95 −8.23%
Market cap
$87.1B
P/E
0.0×
Fwd P/E
−484×
Dividend yield
—
F-score
4/9
Altman Z
9.43
Beneish M
−2.95
Dividend safety
n/a

Cloudflare, Inc. (NET) Revenue

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Cloudflare, Inc.'s revenue for fiscal 2025 was $2.2B, up 29.8% from $1.7B in fiscal 2024. Over the twelve months to 30 September 2026 it was $2.7B. Over the past ten years it has ranged from $84.8M (fiscal 2016) to $2.2B (fiscal 2025) — the current reading is the highest in ten years. Revenue has risen for 9 consecutive fiscal years. Cloudflare, Inc. ranks 32nd of 158 Software Infrastructure companies by revenue.

Revenue, annual

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Annual newest first

Period Revenue Change
FY2025 $2.2B 29.85%
FY2024 $1.7B 28.76%
FY2023 $1.3B 32.97%
FY2022 $975.2M 48.57%
FY2021 $656.4M 52.28%
FY2020 $431.1M 50.18%
FY2019 $287.0M 48.97%
FY2018 $192.7M 42.81%
FY2017 $134.9M 59.11%
FY2016 $84.8M —

Quarterly newest first

Period Revenue Change
Sep 2026 $782.5M 12.42%
Jun 2026 $696.1M 8.80%
Mar 2026 $639.8M 4.11%
Dec 2025 $614.5M 9.34%
28 more quarters

Against its own ten years

Low $84.8M High $2.2B
Ten-year median $543.7M
Current reading's percentile 100

Revenue against peers

What Revenue is

Revenue tells an investor how much a company brought in from selling its goods and services over a period, before any costs are taken out.

Reported line item

The full definition of Revenue →

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