Cloudflare, Inc. · Q2 2025
ReportedJul 31, 2025
Period endedJun 30, 2025
Rule of 40+36
The quarter in short
Revenue $512M, up 27.8% year over year and 6.9% on the quarter. EPS −$0.15, down 275.0% year over year and 36.4% on the quarter. Free cash flow $40M, down 11.7% year over year and 33.4% on the quarter. Rule of 40 score +36.
Reported this quarter
Revenue
$512M
QoQ +6.9%
YoY +27.8%
EPS
−$0.15
QoQ −36.4%
YoY −275.0%
Free Cash Flow
$40M
QoQ −33.4%
YoY −11.7%
Gross Margin
74.9%
QoQ −1.0 pp
YoY −2.9 pp
FCF Margin
7.8%
QoQ −4.7 pp
YoY −3.5 pp
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Filed with the SEC under CIK 1477333.
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Filed Jul 31, 2025
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