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Side-by-side financial comparison of Cloudflare, Inc. (NET) and Revolve Group, Inc. (RVLV). Click either name above to swap in a different company.
Cloudflare, Inc. is the larger business by last-quarter revenue ($614.5M vs $324.4M, roughly 1.9× Revolve Group, Inc.). Revolve Group, Inc. runs the higher net margin — 5.7% vs -2.0%, a 7.7% gap on every dollar of revenue. On growth, Cloudflare, Inc. posted the faster year-over-year revenue change (33.6% vs 10.4%). Cloudflare, Inc. produced more free cash flow last quarter ($105.2M vs $-13.3M). Over the past eight quarters, Cloudflare, Inc.'s revenue compounded faster (27.4% CAGR vs 9.5%).
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.
Revolve Theatre Company is a Henley-on-Thames based theatre company specialising in political and Shakespearean plays. The company is owned by Oliver Dench, Joe Morris and Tom Smith.
NET vs RVLV — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $614.5M | $324.4M |
| Net Profit | $-12.1M | $18.6M |
| Gross Margin | 73.6% | 53.3% |
| Operating Margin | -8.0% | 6.3% |
| Net Margin | -2.0% | 5.7% |
| Revenue YoY | 33.6% | 10.4% |
| Net Profit YoY | 6.0% | 50.4% |
| EPS (diluted) | $-0.03 | $0.27 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $614.5M | $324.4M | ||
| Q3 25 | $562.0M | $295.6M | ||
| Q2 25 | $512.3M | $309.0M | ||
| Q1 25 | $479.1M | $296.7M | ||
| Q4 24 | $459.9M | $293.7M | ||
| Q3 24 | $430.1M | $283.1M | ||
| Q2 24 | $401.0M | $282.5M | ||
| Q1 24 | $378.6M | $270.6M |
| Q4 25 | $-12.1M | $18.6M | ||
| Q3 25 | $-1.3M | $21.2M | ||
| Q2 25 | $-50.4M | $10.2M | ||
| Q1 25 | $-38.5M | $11.8M | ||
| Q4 24 | $-12.8M | $12.3M | ||
| Q3 24 | $-15.3M | $11.0M | ||
| Q2 24 | $-15.1M | $15.4M | ||
| Q1 24 | $-35.5M | $10.9M |
| Q4 25 | 73.6% | 53.3% | ||
| Q3 25 | 74.0% | 54.6% | ||
| Q2 25 | 74.9% | 54.1% | ||
| Q1 25 | 75.9% | 52.0% | ||
| Q4 24 | 76.4% | 52.5% | ||
| Q3 24 | 77.7% | 51.2% | ||
| Q2 24 | 77.8% | 54.0% | ||
| Q1 24 | 77.5% | 52.3% |
| Q4 25 | -8.0% | 6.3% | ||
| Q3 25 | -6.7% | 7.1% | ||
| Q2 25 | -13.1% | 5.8% | ||
| Q1 25 | -11.1% | 5.0% | ||
| Q4 24 | -7.5% | 3.9% | ||
| Q3 24 | -7.2% | 5.0% | ||
| Q2 24 | -8.7% | 5.8% | ||
| Q1 24 | -14.4% | 3.4% |
| Q4 25 | -2.0% | 5.7% | ||
| Q3 25 | -0.2% | 7.2% | ||
| Q2 25 | -9.8% | 3.3% | ||
| Q1 25 | -8.0% | 4.0% | ||
| Q4 24 | -2.8% | 4.2% | ||
| Q3 24 | -3.6% | 3.9% | ||
| Q2 24 | -3.8% | 5.4% | ||
| Q1 24 | -9.4% | 4.0% |
| Q4 25 | $-0.03 | $0.27 | ||
| Q3 25 | $0.00 | $0.29 | ||
| Q2 25 | $-0.15 | $0.14 | ||
| Q1 25 | $-0.11 | $0.16 | ||
| Q4 24 | $-0.05 | $0.18 | ||
| Q3 24 | $-0.04 | $0.15 | ||
| Q2 24 | $-0.04 | $0.21 | ||
| Q1 24 | $-0.10 | $0.15 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $943.5M | $292.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.5B | $512.5M |
| Total Assets | $6.0B | $765.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $943.5M | $292.3M | ||
| Q3 25 | $1.1B | $315.4M | ||
| Q2 25 | $1.5B | $310.7M | ||
| Q1 25 | $204.5M | $300.8M | ||
| Q4 24 | $147.7M | $256.6M | ||
| Q3 24 | $182.9M | $252.8M | ||
| Q2 24 | $157.0M | $244.7M | ||
| Q1 24 | $254.4M | $273.4M |
| Q4 25 | $1.5B | $512.5M | ||
| Q3 25 | $1.3B | $490.2M | ||
| Q2 25 | $1.2B | $468.6M | ||
| Q1 25 | $1.4B | $453.4M | ||
| Q4 24 | $1.0B | $437.8M | ||
| Q3 24 | $973.1M | $420.8M | ||
| Q2 24 | $881.5M | $405.8M | ||
| Q1 24 | $797.2M | $389.9M |
| Q4 25 | $6.0B | $765.0M | ||
| Q3 25 | $5.8B | $751.3M | ||
| Q2 25 | $5.6B | $722.9M | ||
| Q1 25 | $3.7B | $713.9M | ||
| Q4 24 | $3.3B | $665.5M | ||
| Q3 24 | $3.1B | $670.9M | ||
| Q2 24 | $2.9B | $657.8M | ||
| Q1 24 | $2.8B | $650.0M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $190.4M | $-10.2M |
| Free Cash FlowOCF − Capex | $105.2M | $-13.3M |
| FCF MarginFCF / Revenue | 17.1% | -4.1% |
| Capex IntensityCapex / Revenue | 13.9% | 1.0% |
| Cash ConversionOCF / Net Profit | — | -0.55× |
| TTM Free Cash FlowTrailing 4 quarters | $287.5M | $48.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $190.4M | $-10.2M | ||
| Q3 25 | $167.1M | $11.8M | ||
| Q2 25 | $99.8M | $12.6M | ||
| Q1 25 | $145.8M | $45.1M | ||
| Q4 24 | $127.3M | $3.9M | ||
| Q3 24 | $104.7M | $9.1M | ||
| Q2 24 | $74.8M | $-24.7M | ||
| Q1 24 | $73.6M | $38.4M |
| Q4 25 | $105.2M | $-13.3M | ||
| Q3 25 | $82.5M | $7.5M | ||
| Q2 25 | $39.9M | $10.4M | ||
| Q1 25 | $59.9M | $43.4M | ||
| Q4 24 | $54.2M | $2.1M | ||
| Q3 24 | $54.5M | $8.0M | ||
| Q2 24 | $45.2M | $-25.7M | ||
| Q1 24 | $41.5M | $36.7M |
| Q4 25 | 17.1% | -4.1% | ||
| Q3 25 | 14.7% | 2.5% | ||
| Q2 25 | 7.8% | 3.4% | ||
| Q1 25 | 12.5% | 14.6% | ||
| Q4 24 | 11.8% | 0.7% | ||
| Q3 24 | 12.7% | 2.8% | ||
| Q2 24 | 11.3% | -9.1% | ||
| Q1 24 | 11.0% | 13.5% |
| Q4 25 | 13.9% | 1.0% | ||
| Q3 25 | 15.1% | 1.5% | ||
| Q2 25 | 11.7% | 0.7% | ||
| Q1 25 | 17.9% | 0.6% | ||
| Q4 24 | 15.9% | 0.6% | ||
| Q3 24 | 11.7% | 0.4% | ||
| Q2 24 | 7.4% | 0.4% | ||
| Q1 24 | 8.5% | 0.6% |
| Q4 25 | — | -0.55× | ||
| Q3 25 | — | 0.56× | ||
| Q2 25 | — | 1.24× | ||
| Q1 25 | — | 3.82× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | 0.83× | ||
| Q2 24 | — | -1.60× | ||
| Q1 24 | — | 3.53× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
RVLV
| Fashion Apparel | $155.1M | 48% |
| Dresses | $76.4M | 24% |
| Handbags Shoes And Accessories | $67.6M | 21% |
| Beauty | $20.3M | 6% |
| Manufactured Product Other | $5.0M | 2% |
| Breakage On Store Credit And Gift Cards | $900.0K | 0% |
