Cloudflare, Inc.
NETNYSEServices-Prepackaged SoftwareFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026Score 9/30268% above fair value
$265.17−15.53 (-5.53%)
Close on Nov 2, 2026Market cap $94.42BP/E –Yield –
Cloudflare Non-GAAP cost of revenue: $525M in 2025, up 47.4% from a year earlier. That is the highest of the 8 years on record here.
Latest, 2025
525
Period ended Dec 31, 2025
Change on a year earlier
+47.4%
356 in 2024
History
8 years
Since 2018
Sources
6
Documents cited below
Where the 2025 figure comes from
“Non-GAAP cost of revenue | $ | 154,328 | $ | 103,145 | $ | 524,748 | $ | 356,021”
Source: Cloudflare Form 8-K Earnings Release (FY2025Q4), filed 2026-02-10 ↗
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Non-GAAP cost of revenue ($M) | Year on year | Source |
|---|---|---|---|---|
| 2025 | Dec 31, 2025 | 525 | +47.4% | Cloudflare Form 8-K Earnings Release (FY2025Q4), filed 2026-02-10 ↗ |
| 2024 | Dec 31, 2024 | 356 | +26.7% | Cloudflare Form 8-K Earnings Release (FY2024Q4), filed 2025-02-06 ↗ |
| 2023 | Dec 31, 2023 | 281 | +32.3% | Cloudflare Form 8-K Earnings Release (FY2023Q4), filed 2024-02-08 ↗ |
| 2022 | Dec 31, 2022 | 212 | +51.2% | Cloudflare Form 8-K Earnings Release (FY2022Q4), filed 2023-02-09 ↗ |
| 2021 | Dec 31, 2021 | 141 | +45.6% | Cloudflare Form 8-K Earnings Release (FY2021Q4), filed 2022-02-10 ↗ |
| 2020 | Dec 31, 2020 | 96.5 | +54.2% | Cloudflare Form 8-K Earnings Release (FY2021Q4), filed 2022-02-10 ↗ |
| 2019 | Dec 31, 2019 | 62.6 | +45.9% | Cloudflare Form 8-K Earnings Release (FY2019Q4), filed 2020-02-13 ↗ |
| 2018 | Dec 31, 2018 | 42.9 | – | Cloudflare Form 8-K Earnings Release (FY2019Q4), filed 2020-02-13 ↗ |
Cite this data
StockData. (2026). Cloudflare Non-GAAP cost of revenue ($M), annual 2018–2025 [Data set]. Compiled from Cloudflare SEC filings and investor materials. https://stockdatahq.com/stocks/net/kpis/ng-cor
See every metric in the Cloudflare KPI table. Data updated Nov 1, 2026.