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 gross margin: 75.8% in 2025, down 2.9 pts from a year earlier. That is the lowest of the 8 years on record here.
Latest, 2025
75.8%
Period ended Dec 31, 2025
Change on a year earlier
-2.9 pts
78.7% in 2024
History
8 years
Since 2018
Sources
7
Documents cited below
Where the 2025 figure comes from
“Non-GAAP gross margin | 74.9% | 77.6% | 75.8% | 78.7%”
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 gross margin (%) (%) | Year on year | Source |
|---|---|---|---|---|
| 2025 | Dec 31, 2025 | 75.8% | -2.9 pts | Cloudflare Form 8-K Earnings Release (FY2025Q4), filed 2026-02-10 ↗ |
| 2024 | Dec 31, 2024 | 78.7% | +0.4 pts | Cloudflare Form 8-K Earnings Release (FY2024Q4), filed 2025-02-06 ↗ |
| 2023 | Dec 31, 2023 | 78.3% | +0.1 pts | Cloudflare Form 8-K Earnings Release (FY2023Q4), filed 2024-02-08 ↗ |
| 2022 | Dec 31, 2022 | 78.2% | -0.4 pts | Cloudflare Form 8-K Earnings Release (FY2022Q4), filed 2023-02-09 ↗ |
| 2021 | Dec 31, 2021 | 78.6% | +1.0 pts | Cloudflare Form 8-K Earnings Release (FY2021Q4), filed 2022-02-10 ↗ |
| 2020 | Dec 31, 2020 | 77.6% | -0.6 pts | Cloudflare Form 8-K Earnings Release (FY2020Q4), filed 2021-02-11 ↗ |
| 2019 | Dec 31, 2019 | 78.2% | +0.5 pts | Cloudflare Form 8-K Earnings Release (FY2019Q4), filed 2020-02-13 ↗ |
| 2018 | Dec 31, 2018 | 77.7% | – | Cloudflare Form 8-K Earnings Release (FY2019Q4), filed 2020-02-13 ↗ |
Cite this data
StockData. (2026). Cloudflare Non-GAAP gross margin (%), annual 2018–2025 [Data set]. Compiled from Cloudflare SEC filings and investor materials. https://stockdatahq.com/stocks/net/kpis/ng-gm-pct
See every metric in the Cloudflare KPI table. Data updated Nov 1, 2026.