Cloudflare, Inc.
Explore Cloudflare, Inc.
Core profile pages, annual revenue records, and related research hubs for this company.
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Cloudflare, Inc.
Explore Cloudflare, Inc.
Core profile pages, annual revenue records, and related research hubs for this company.
Annual Revenue
FY2025 Revenue
$2.2B
▲ 25% vs FY2024 ($1.7B)
Source: Annual report / company filing
Cloudflare, Inc. reported $2.2B in revenue for fiscal year 2025. This represents a growth of 25% compared to the 2024 figure of $1.7B.
The business converted to profitability while growing at 28% year-over-year in 2024, reaching $1.73 billion in revenue against a net loss of $136.9 million. Cloudflare's revenue has roughly doubled every two years: $949 million in 2022, $1.35 billion in 2023, $1.73 billion in 2024. A 28% growth rate at $1.73 billion in revenue, sustained on a 78% gross margin base with 100% subscription revenue and no hardware dependencies, is the kind of financial profile that justifies premium multiples even when GAAP net income is negative. The -$136.9 million net loss is almost entirely explained by stock-based compensation and R&D investment. The $85 billion market cap implies roughly 49x trailing revenue.
Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.