Cloudflare (NET) Company Report

Cloudflare and Mastercard have announced a strategic partnership to develop tools for comprehensive cyber defense, targeting small businesses, critical infrastructure, and governments.
The collaboration integrates Mastercard's attack surface monitoring capabilities (from Recorded Future and RiskRecon) with Cloudflare's Application Security portfolio.
This combined offering is designed to help organizations map, prioritize, and automate remediation of hidden risks across their internet-facing environments.
The partnership aims to protect underserved organizations by eliminating blind spots, providing real-time, accurate views of cyber posture, and translating risk insights into actionable protection.

5 days ago

Press Release

Cloudflare Reports Strong Q4 2025 Results and Provides 2026 Guidance

NET

Earnings

Guidance Update

Revenue Acceleration/Inflection

Cloudflare reported Q4 2025 revenue of $614.5 million, marking a 34% year-over-year increase, with an operating profit of $89.6 million and free cash flow of $99.4 million.
The company experienced strong customer expansion, with 4,298 customers paying over $100,000 per year (up 23% year-over-year) contributing 73% of revenue, and 269 customers spending over $1 million (a 55% year-over-year increase).
Dollar-based net retention accelerated to 120% in Q4 2025, reflecting strong growth from existing customers.
For Q1 2026, Cloudflare expects revenue between $620 million and $621 million, and for full-year 2026, revenue is projected to be between $2.785 billion and $2.795 billion.
The company emphasized the "Agentic Internet" and AI adoption as significant drivers for its Workers developer platform and overall network services, positioning Cloudflare as a critical platform for AI companies.

Feb 10, 2026, 10:00 PM

Transcript

Cloudflare Announces Strong Q4 2025 Results and Provides 2026 Guidance

NET

Earnings

Guidance Update

Revenue Acceleration/Inflection

Cloudflare reported Q4 2025 revenue of $614.5 million, an increase of 34% year-over-year, and achieved an operating profit of $89.6 million, representing a 14.6% operating margin.
The company saw significant growth in its customer base, ending Q4 2025 with 4,298 customers paying over $100,000 per year (up 23% year-over-year) and 269 customers spending over $1 million (a 55% increase year-over-year).
Cloudflare provided Q1 2026 revenue guidance in the range of $620 million-$621 million and full-year 2026 revenue guidance of $2.785 billion-$2.795 billion, projecting a 28%-29% year-over-year increase.
Management highlighted a reaccelerating go-to-market engine with record new Annual Contract Value (ACV) growth and identified the shift to AI as a significant tailwind driving increased demand for its services.

Feb 10, 2026, 10:00 PM

Transcript

Cloudflare Announces Q4 2025 Results and 2026 Guidance

NET

Earnings

Guidance Update

Revenue Acceleration/Inflection

Cloudflare reported Q4 2025 revenue of $615 million, representing 34% year-over-year growth, and achieved a Non-GAAP Gross Margin of 75%.
The company's Dollar-Based Net Retention was 120% in Q4 2025, with 4,298 large customers as of December 31, 2025.
Cloudflare ended Q4 2025 with a cash balance of $4,101 million and generated operating cash flow of $190 million.
For Q1 2026, Cloudflare projects revenue between $620 million and $621 million and EPS of $0.23. The company also provided FY 2026 guidance, forecasting revenue between $2,785 million and $2,795 million and EPS between $1.11 and $1.12.

Feb 10, 2026, 10:00 PM

Presentation

Cloudflare Reports Strong Q4 2025 Results and Provides 2026 Guidance

NET

Earnings

Guidance Update

Revenue Acceleration/Inflection

Cloudflare reported Q4 2025 revenue of $614.5 million, a 34% year-over-year increase, marking the third consecutive quarter of accelerating growth.
The company achieved operating profit of $89.6 million (14.6% operating margin), net income of $106.8 million, and diluted net income per share of $0.28 in Q4 2025. Free cash flow was $99.4 million.
Customer metrics showed strong growth, with 332,000 paying customers (up 40% year-over-year) and 4,298 large customers (up 23% year-over-year), contributing 73% of revenue. The dollar-based net retention rate accelerated to 120%.
For Q1 2026, revenue is projected between $620 million and $621 million, and full-year 2026 revenue guidance is $2.785 billion to $2.795 billion. Diluted net income per share is guided to $0.23 for Q1 2026 and $1.11-$1.12 for full-year 2026.
Cloudflare highlighted significant enterprise sales momentum and increasing demand for its services, particularly its Workers developer platform and Zero Trust offerings, driven by the shift to AI and agentic internet workloads.

Feb 10, 2026, 10:00 PM

Transcript

Cloudflare Announces Q4 and Fiscal Year 2025 Financial Results

NET

Earnings

Guidance Update

Revenue Acceleration/Inflection

Cloudflare reported revenue of $614.5 million for Q4 2025, an increase of 34% year-over-year, and $2,167.9 million for fiscal year 2025, representing a 30% year-over-year increase.
For Q4 2025, non-GAAP income from operations was $89.6 million and non-GAAP net income per diluted share was $0.28. For the full fiscal year 2025, non-GAAP income from operations was $303.9 million and non-GAAP net income per diluted share was $0.93.
The company generated free cash flow of $99.4 million in Q4 2025 and $260.6 million for the full fiscal year 2025.
Cloudflare provided Q1 2026 revenue guidance of $620.0 to $621.0 million and non-GAAP net income per share of $0.23. For full year 2026, revenue is expected to be $2,785.0 to $2,795.0 million with non-GAAP net income per share of $1.11 to $1.12.
CEO Matthew Prince noted an "exceptionally strong end to 2025," including their largest annual contract value deal ever and total new ACV growth of nearly 50% year-over-year, driven by the shift toward AI and agents.

Feb 10, 2026, 9:15 PM

8-K

Cloudflare Announces Fourth Quarter and Fiscal Year 2025 Financial Results

NET

Earnings

Guidance Update

Revenue Acceleration/Inflection

Cloudflare reported Q4 2025 revenue of $614.5 million, an increase of 34% year-over-year, and fiscal year 2025 revenue of $2,167.9 million, up 30% year-over-year.
For Q4 2025, the company achieved non-GAAP income from operations of $89.6 million, or 15% of total revenue, and non-GAAP net income per diluted share of $0.28.
Cloudflare's CEO noted an "exceptionally strong end to 2025", including their largest annual contract value deal ever and nearly 50% year-over-year growth in total new ACV, attributing demand to the shift toward AI and agents.
For the first quarter of 2026, Cloudflare expects total revenue of $620.0 to $621.0 million and non-GAAP net income per share of $0.23.

Feb 10, 2026, 9:15 PM

Press Release

Cloudflare acquires Human Native

NET

M&A

New Projects/Investments

Cloudflare, Inc. (NYSE: NET) announced the acquisition of Human Native, an AI data marketplace, on January 16, 2026.
The acquisition aims to transform original content into high-quality, AI-ready data and establish a new business model for the internet, enabling transparent value exchange in the AI era.
Human Native connects creatives and AI developers, making it easier for AI developers to find content and for content creators to optimize data provision for AI companies.
Cloudflare's CEO, Matthew Prince, stated that the acquisition will accelerate their vision for an AI-driven internet economy and provide tools for content to be found, valued, and acquired through transparent channels.

Jan 16, 2026, 8:00 AM

Press Release

Cloudflare and JD Cloud Announce Expanded Partnership for AI Inference

NET

New Projects/Investments

Product Launch

Cloudflare and JD Cloud have announced an expanded partnership to accelerate the deployment and scaling of AI inference for developers globally.
This collaboration aims to reduce latency for AI inference workloads by up to 80 percent, creating a truly global, high-performance AI cloud.
The partnership will seamlessly connect developers worldwide with the Chinese market and Chinese developers with the rest of the world.
It integrates Cloudflare's global platform with JD Cloud's robust infrastructure, providing a unified network experience that includes automatic traffic routing for Chinese users to local JD Cloud data centers.

Dec 18, 2025, 8:00 AM

Press Release

Cloudflare (NET) Reports Strong Q3 2025 Results and Provides Guidance

NET

Earnings

Guidance Update

Management Change

Cloudflare (NET) achieved revenue of $562 million in Q3 2025, marking a 30.7% year-over-year increase, and reported an operating profit of $85.9 million.
The company expanded its large customer base (those paying over $100,000 annually) to 4,009, a 23% increase year over year, with these customers contributing 73% of total revenue. The dollar-based net retention rate accelerated to 119%.
Remaining Performance Obligations (RPO) increased 43% year over year to $2,143 million, driven by strong performance from large customer cohorts and the Cloudflare Workers platform.
For Q4 2025, Cloudflare anticipates revenue between $588.5 million and $589.5 million and diluted net income per share of $0.27. The full-year 2025 revenue is projected to be between $2,142 million and $2,143 million, with diluted net income per share of $0.91.
CJ Desai, a speaker on the earnings call, is departing Cloudflare to become the CEO of another public technology company.