Growth Metrics

Cloudflare (NET) EBITDA (2018 - 2025)

Cloudflare (NET) has disclosed EBITDA for 8 consecutive years, with -$49.2 million as the latest value for Q4 2025.

  • Quarterly EBITDA fell 41.81% to -$49.2 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was -$207.2 million through Dec 2025, down 33.89% year-over-year, with the annual reading at -$207.2 million for FY2025, 33.89% down from the prior year.
  • EBITDA hit -$49.2 million in Q4 2025 for Cloudflare, down from -$37.5 million in the prior quarter.
  • In the past five years, EBITDA ranged from a high of -$26.5 million in Q3 2021 to a low of -$67.3 million in Q2 2025.
  • Historically, EBITDA has averaged -$43.8 million across 5 years, with a median of -$41.9 million in 2021.
  • Biggest five-year swings in EBITDA: tumbled 123.54% in 2022 and later surged 38.23% in 2024.
  • Year by year, EBITDA stood at -$41.1 million in 2021, then decreased by 23.44% to -$50.7 million in 2022, then grew by 15.51% to -$42.8 million in 2023, then increased by 18.94% to -$34.7 million in 2024, then plummeted by 41.81% to -$49.2 million in 2025.
  • Business Quant data shows EBITDA for NET at -$49.2 million in Q4 2025, -$37.5 million in Q3 2025, and -$67.3 million in Q2 2025.