Cloudflare, Inc. · Q4 2025
ReportedFeb 10, 2026
Period endedDec 31, 2025
Rule of 40+51
The quarter in short
Revenue $615M, up 33.6% year over year and 9.3% on the quarter. EPS −$0.03, up 25.0% year over year. Free cash flow $105M, up 94.3% year over year and 27.6% on the quarter. Rule of 40 score +51.
Reported this quarter
Revenue
$615M
QoQ +9.3%
YoY +33.6%
EPS
−$0.03
QoQ —
YoY +25.0%
Free Cash Flow
$105M
QoQ +27.6%
YoY +94.3%
Gross Margin
73.6%
QoQ −0.4 pp
YoY −2.8 pp
FCF Margin
17.1%
QoQ +2.4 pp
YoY +5.3 pp
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Filed with the SEC under CIK 1477333.
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Filed Feb 10, 2026
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