Friday 6 November 2026 Export NET’s income statement to Excel — free account

Cloudflare, Inc.

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%

Follow NET

Alert me

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

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Cloudflare, Inc. (NET) revenue by segment, product and region

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022
Reportable Segment	2,168 100.00%	1,670 100.00%	1,297 100.00%	975 100.00%
Revenue	2,168	1,670	1,297	975

Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
United States	1,073 49.49%	850 50.88%	678 52.30%	516 52.88%	343 52.19%	218 50.62%	145 50.37%	93 48.09%	65 48.13%
Europe, Middle East, and Africa	599 27.61%	466 27.94%	357 27.50%	258 26.48%	172 26.22%	109 25.35%	68 23.84%	48 25.14%	32 23.63%
Asia Pacific	330 15.21%	223 13.37%	169 13.02%	133 13.67%	97 14.71%	76 17.67%	55 19.21%	39 20.16%	15 11.46%
Other	167 7.68%	130 7.81%	93 7.18%	68 6.96%	45 6.88%	27 6.36%	19 6.58%	13 6.61%	8 6.08%
China	—	—	—	—	—	—	—	—	14 10.69%
Revenue	2,168	1,670	1,297	975	656	431	287	193	135

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Current RPO year-over-year growth	Q3 FY2026	37.0%	30.0%	—
Remaining performance obligations	Q3 FY2026	$2.9B	$2.1B	+34.24%
RPO year-over-year growth	Q4 FY2025	48.0%	—	—

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023	Q2 FY2023	Q1 FY2023	Q4 FY2022	Q3 FY2022	Q2 FY2022	Q1 FY2022	Q4 FY2021	Q3 FY2021	Q2 FY2021	Q1 FY2021	Q4 FY2020	Q3 FY2020	Q2 FY2020	Q1 FY2020	Q4 FY2019	Q3 FY2019
Current RPO year-over-year growth	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Remaining performance obligations	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
RPO year-over-year growth	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.