NET
Cloudflare, Inc.
Quarterly revenue, EPS, free cash flow, valuation, and Rule of 40 scores for Cloudflare, Inc.
Cloudflare, Inc. operates a global cloud platform that provides security, performance, and reliability services for websites, applications, and corporate networks. Products include CDN and DNS, DDoS and WAF protection, zero-trust network access, serverless compute (Workers), R2 storage, and related developer and enterprise services sold primarily by subscription.
Coverage
Where the revenue goes next
Latest: $696M (2026Q2)
| Period | Value |
|---|---|
| 2022Q1 | $212M |
| 2022Q2 | $235M |
| 2022Q3 | $254M |
| 2022Q4 | $275M |
| 2023Q1 | $290M |
| 2023Q2 | $308M |
| 2023Q3 | $336M |
| 2023Q4 | $362M |
| 2024Q1 | $379M |
| 2024Q2 | $401M |
| 2024Q3 | $430M |
| 2024Q4 | $460M |
| 2025Q1 | $479M |
| 2025Q2 | $512M |
| 2025Q3 | $562M |
| 2025Q4 | $615M |
| 2026Q1 | $640M |
| 2026Q2 | $696M |
Latest: −$0.48 (2026Q2)
| Period | Value |
|---|---|
| 2022Q1 | −$0.13 |
| 2022Q2 | −$0.20 |
| 2022Q3 | −$0.13 |
| 2022Q4 | −$0.14 |
| 2023Q1 | −$0.12 |
| 2023Q2 | −$0.28 |
| 2023Q3 | −$0.07 |
| 2023Q4 | −$0.08 |
| 2024Q1 | −$0.10 |
| 2024Q2 | −$0.04 |
| 2024Q3 | −$0.04 |
| 2024Q4 | −$0.04 |
| 2025Q1 | −$0.11 |
| 2025Q2 | −$0.15 |
| 2025Q3 | $0.00 |
| 2025Q4 | −$0.03 |
| 2026Q1 | −$0.07 |
| 2026Q2 | −$0.48 |
Latest: n/m (2026Q2)
| Period | Value |
|---|---|
| 2022Q4 | n/m |
| 2023Q1 | n/m |
| 2023Q2 | n/m |
| 2023Q3 | n/m |
| 2023Q4 | n/m |
| 2024Q1 | n/m |
| 2024Q2 | n/m |
| 2024Q3 | n/m |
| 2024Q4 | n/m |
| 2025Q1 | n/m |
| 2025Q2 | n/m |
| 2025Q3 | n/m |
| 2025Q4 | n/m |
| 2026Q1 | n/m |
| 2026Q2 | n/m |
Latest: $68M (2026Q2)
| Period | Value |
|---|---|
| 2022Q1 | −$60M |
| 2022Q2 | $1M |
| 2022Q3 | $792,000.00 |
| 2022Q4 | $38M |
| 2023Q1 | $19M |
| 2023Q2 | $26M |
| 2023Q3 | $41M |
| 2023Q4 | $55M |
| 2024Q1 | $42M |
| 2024Q2 | $45M |
| 2024Q3 | $55M |
| 2024Q4 | $54M |
| 2025Q1 | $60M |
| 2025Q2 | $40M |
| 2025Q3 | $82M |
| 2025Q4 | $105M |
| 2026Q1 | $93M |
| 2026Q2 | $68M |
Latest: 356M (2026Q2)
| Period | Value |
|---|---|
| 2021Q2 | 308M |
| 2021Q3 | 315M |
| 2022Q1 | 323M |
| 2022Q2 | 325M |
| 2022Q3 | 327M |
| 2023Q1 | 330M |
| 2023Q2 | 332M |
| 2023Q3 | 335M |
| 2024Q1 | 339M |
| 2024Q2 | 341M |
| 2024Q3 | 342M |
| 2025Q1 | 346M |
| 2025Q2 | 347M |
| 2025Q3 | 349M |
| 2026Q1 | 353M |
| 2026Q2 | 356M |
Latest: $764M (2026Q2)
| Period | Value |
|---|---|
| 2022Q1 | −$60M |
| 2022Q2 | −$59M |
| 2022Q3 | −$58M |
| 2022Q4 | −$20M |
| 2023Q1 | −$1M |
| 2023Q2 | $25M |
| 2023Q3 | $65M |
| 2023Q4 | $120M |
| 2024Q1 | $162M |
| 2024Q2 | $207M |
| 2024Q3 | $261M |
| 2024Q4 | $315M |
| 2025Q1 | $375M |
| 2025Q2 | $415M |
| 2025Q3 | $498M |
| 2025Q4 | $603M |
| 2026Q1 | $696M |
| 2026Q2 | $764M |
Latest earnings
Next report: Nov 5, 2026 (Q3 2026)
Company History
Matthew Prince, Michelle Zatlyn and Lee Holloway found Cloudflare, building on Project Honey Pot to offer free CDN and security to any website.
Lists at $15.00 per share in September, valuing the company around $4.4 billion.
Expands from delivery and security into a developer platform, running code at the edge rather than in a region.
Wins large enterprise contracts as zero-trust networking displaces legacy VPN and appliance vendors.
Positions the network as an inference layer, adding GPU capacity across data centres and taking the cost of revenue with it.
Key Players
The CEO view — 5 podcasts, interviews & articles →
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By latest reported 13F position value. Market value at quarter-end, not cost basis.
