Cloudflare, Inc.NETEarnings & Financial Report
Cloudflare, Inc. is an American technology company headquartered in San Francisco, California, that provides a range of internet services, including content delivery network (CDN) services, cloud cybersecurity, DDoS mitigation, and ICANN-accredited domain registration. The company's services act primarily as a reverse proxy between website visitors and a customer's hosting provider, improving performance and protecting against malicious traffic.
NET Q3 2025 Key Financial Metrics
Revenue
$562.0M
Gross Profit
$415.7M
Operating Profit
$-37.5M
Net Profit
$-1.3M
Gross Margin
74.0%
Operating Margin
-6.7%
Net Margin
-0.2%
YoY Growth
30.7%
EPS
$0.00
Financial Flow
Cloudflare, Inc. Q3 2025 Financial Summary
Cloudflare, Inc. reported revenue of $562.0M for Q3 2025, with a net profit of $-1.3M (-0.2% margin). Cost of goods sold was $146.3M, operating expenses totaled $453.2M.
Key Financial Metrics
| Total Revenue | $562.0M |
|---|---|
| Net Profit | $-1.3M |
| Gross Margin | 74.0% |
| Operating Margin | -6.7% |
| Report Period | Q3 2025 |
Cloudflare, Inc. Annual Revenue by Year
Cloudflare, Inc. annual revenue history includes year-by-year totals (for example, 2024 revenue was $1.7B).
| Year | Annual Revenue |
|---|---|
| 2024 | $1.7B |
| 2023 | $1.3B |
| 2022 | $975.2M |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $362.5M | $378.6M | $401.0M | $430.1M | $459.9M | $479.1M | $512.3M | $562.0M |
| YoY Growth | 32.0% | 30.5% | 30.0% | 28.2% | 26.9% | 26.5% | 27.8% | 30.7% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $2.76B | $2.80B | $2.92B | $3.06B | $3.30B | $3.72B | $5.56B | $5.79B |
| Liabilities | $2.00B | $2.00B | $2.04B | $2.09B | $2.25B | $2.30B | $4.32B | $4.44B |
| Equity | $763.0M | $797.2M | $881.5M | $973.1M | $1.05B | $1.43B | $1.24B | $1.35B |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $85.4M | $73.6M | $74.8M | $104.7M | $127.3M | $145.8M | $99.8M | $167.1M |
