NYSE:NET
Cloudflare, Inc.
Cloudflare, Inc.'s revenue grew 29.8% in fiscal 2025 to $2.2B while operating margin fell to −9.6%. Free cash flow was $287.5M, 13.3% of revenue, and the diluted share count rose 2.1%.Summary generated from Cloudflare, Inc.'s SEC filings. Latest annual report filed Feb 26, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$2.2B
Revenue growth+29.8%
Revenue, 5-yr CAGR+38.1%
Gross margin74.5%
Operating margin−9.6%
Net margin−4.7%
ROICn/a
Return on equity−8.2%
Debt / equityn/a
Free cash flow$287.5M
FCF margin13.3%
Share count change+2.1%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 656 | 975 | 1,297 | 1,670 | 2,168 |
| Operating income | −128 | −201 | −185 | −155 | −207 |
| Net income | −260 | −193 | −184 | −79 | −102 |
| Free cash flow | −28 | −20 | 140 | 195 | 287 |
Recent filings
- 4Insider transaction report
Oct 7, 2026 - 4Insider transaction report
Sep 23, 2026 - 8-KEntry into a material agreement
Aug 13, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Aug 6, 2026 - 8-KResults of operations and financial condition
Aug 6, 2026 - 8-K/AAmended director or officer change
Jul 1, 2026 - 8-KDirector or officer change
Jun 30, 2026 - DEF 14AProxy statement
Jun 9, 2026