To the full analysis
Cloudflare stock: growth
NETCloudflare reported $2.17B in revenue for fiscal 2025, up 29.8% on the prior year, up 38.1% a year on average over up to five years.
Daily figure as of 12 Nov 2026
Revenue (Annual rate)
43.4%
per year from 2016 to 2025, per share 37.4%
Earnings (Annual rate)
no data
Free cash flow (Annual rate)
no data
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2016 | |
|---|---|---|
| Revenue | 38.1% | 43.4% |
| Revenue per share | 34.0% | 37.4% |
| Earnings | no data | no data |
| Earnings per share | no data | no data |
| Free cash flow | no data | no data |
| Free cash flow per share | no data | no data |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2016 | $84.79M | −$17.33M | −$31.88M |
| 2017 | $134.92M | −$10.75M | −$19.81M |
| 2018 | $192.67M | −$87.16M | −$78.12M |
| 2019 | $287.02M | −$105.83M | −$96.2M |
| 2020 | $431.06M | −$119.37M | −$92.09M |
| 2021 | $656.43M | −$260.31M | −$43.09M |
| 2022 | $975.24M | −$193.38M | −$39.77M |
| 2023 | $1.3B | −$183.95M | $119.46M |
| 2024 | $1.67B | −$78.8M | $195.39M |
| 2025 | $2.17B | −$102.27M | $324.32M |
Revenue by region
Where Cloudflare, Inc. generates its revenue.
- United States49%
- EMEA28%
- Asia Pacific15%
- Other8%
“Other” combines smaller regions with revenue the company does not assign to a region.
Figures as a table
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|---|---|---|---|
| United States | $144.58M | $218.19M | $342.58M | $515.72M | $678.18M | $849.5M | $1.07B | 49.5% |
| EMEA | $68.42M | $109.27M | $172.13M | $258.29M | $356.57M | $466.5M | $598.62M | 27.6% |
| Asia Pacific | $42.25M | $76.18M | $96.54M | $133.35M | $168.83M | $223.23M | $329.76M | 15.2% |
| Other | $31.78M | $27.42M | $45.18M | $67.88M | $93.17M | $130.39M | $166.56M | 7.7% |
| Total revenue | $287.02M | $431.06M | $656.43M | $975.24M | $1.3B | $1.67B | $2.17B | 100% |
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 30 Sep 2020)
- Valuation signal Overvalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.