Cloudflare (NET) Revenue (2018 - 2026)
Cloudflare's (NET) quarterly Revenue came in at $639.8 million in Q1 2026, up 33.54% year-on-year from $479.1 million in Q1 2025, and up 4.11% quarter-over-quarter from $614.5 million in Q4 2025.
Cloudflare (NET) Revenue (2018 - 2026) Analysis & Trends
Cloudflare has disclosed Revenue across 9 years of filings, most recently posting $639.8 million for Q1 2026.
- Revenue for Q1 2026 came in at $639.8 million, up 33.54% year-over-year; the trailing twelve-month figure through Mar 2026 was $2.3 billion (up 31.55% YoY), and the FY2025 annual result was $2.2 billion, up 29.85% from the prior year.
- Revenue came in at $639.8 million for Q1 2026 at Cloudflare, up from $614.5 million in the prior quarter.
- In the past five years, Revenue ranged from a high of $639.8 million in Q1 2026 to a low of $212.2 million in Q1 2022.
- The 5-year median for Revenue is $378.6 million (2024), against an average of $397.0 million.
- Across the five-year window, Revenue soared 53.85% in 2022 and grew 26.54% in 2025, its largest moves.
- Cloudflare's Revenue stood at $274.7 million in 2022, then jumped by 31.95% to $362.5 million in 2023, then gained by 26.89% to $459.9 million in 2024, then surged by 33.6% to $614.5 million in 2025, then grew by 4.11% to $639.8 million in 2026.
- The last three Revenue figures came in at $639.8 million (Q1 2026), $614.5 million (Q4 2025), and $562.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,903.35 Bn | 2,825.07 Bn | 56.06 Bn | 82.89 Bn |
| 2 | Alarum Technologies | 1,127.45 Bn | 1,113.30 Bn | 7.23 Mn | 11.71 Mn |
| 3 | Oracle | 528.84 Bn | 490.27 Bn | 15.14 Bn | 17.19 Bn |
| 4 | Palantir Technologies | 306.36 Bn | 298.44 Bn | 1.42 Bn | 1.63 Bn |
| 5 | Palo Alto Networks | 194.33 Bn | 189.79 Bn | 1.91 Bn | 2.59 Bn |
| 6 | CrowdStrike Holdings | 171.19 Bn | 168.13 Bn | 993.68 Mn | 1.31 Bn |
| 7 | Fortinet | 108.13 Bn | 104.84 Bn | 1.49 Bn | 1.85 Bn |
| 8 | Synopsys | 86.21 Bn | 86.09 Bn | 1.77 Bn | 2.41 Bn |
| 9 | Cloudflare | 80.35 Bn | 79.41 Bn | 455.60 Mn | 639.76 Mn |
| 10 | CoreWeave | 53.50 Bn | 51.24 Bn | 2.01 Bn | 2.08 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 639.76 Mn |
| Dec 31, 2025 | 614.51 Mn |
| Sep 30, 2025 | 562.03 Mn |
| Jun 30, 2025 | 512.32 Mn |
| Mar 31, 2025 | 479.09 Mn |
| Dec 31, 2024 | 459.95 Mn |
| Sep 30, 2024 | 430.08 Mn |
| Jun 30, 2024 | 401.00 Mn |
| Mar 31, 2024 | 378.60 Mn |
| Dec 31, 2023 | 362.47 Mn |
| Sep 30, 2023 | 335.60 Mn |
| Jun 30, 2023 | 308.49 Mn |
| Mar 31, 2023 | 290.18 Mn |
| Dec 31, 2022 | 274.70 Mn |
| Sep 30, 2022 | 253.86 Mn |
| Jun 30, 2022 | 234.52 Mn |
| Mar 31, 2022 | 212.17 Mn |
| Dec 31, 2021 | 193.60 Mn |
| Sep 30, 2021 | 172.35 Mn |
| Jun 30, 2021 | 152.43 Mn |