Cloudflare, Inc.
Close on Nov 2, 2026Market cap $94.42BP/E –Yield –
Cloudflare Revenue by sales channel: $2,168M in 2025, up 29.8% from a year earlier. That is the highest of the 9 years on record here.
Where the 2025 figure comes from
Source: Cloudflare Form 10-K, filed 2026-02-26 ↗
Channel partners surged to $217.6M (31% of total revenue) in Q2 2026 vs. $478.4M (69%) direct, reflecting rapid partner-led SASE/Zero Trust and enterprise pool-of-funds adoption
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Revenue by sales channel (GAAP) ($M) | Year on year | Source |
|---|---|---|---|---|
| 2025 | Dec 31, 2025 | 2,168 | +29.8% | Cloudflare Form 10-K, filed 2026-02-26 ↗ |
| 2024 | Dec 31, 2024 | 1,670 | +28.8% | Cloudflare Form 10-K, filed 2025-02-20 ↗ |
| 2023 | Dec 31, 2023 | 1,297 | +33.0% | Cloudflare Form 10-K, filed 2024-02-21 ↗ |
| 2022 | Dec 31, 2022 | 975 | +48.6% | Cloudflare Form 10-K, filed 2023-02-24 ↗ |
| 2021 | Dec 31, 2021 | 656 | +52.3% | Cloudflare Form 10-K, filed 2022-03-01 ↗ |
| 2020 | Dec 31, 2020 | 431 | +50.2% | Cloudflare Form 10-K, filed 2021-02-25 ↗ |
| 2019 | Dec 31, 2019 | 287 | +48.9% | Cloudflare Form 10-K, filed 2020-03-04 ↗ |
| 2018 | Dec 31, 2018 | 193 | +42.8% | Cloudflare Form 10-K, filed 2020-03-04 ↗ |
| 2017 | Dec 31, 2017 | 135 | – | Cloudflare Form 10-K, filed 2020-03-04 ↗ |
Breakdown
What makes up revenue by sales channel
Cite this data
StockData. (2026). Cloudflare Revenue by sales channel ($M), annual 2017–2025 [Data set]. Compiled from Cloudflare SEC filings and investor materials. https://stockdatahq.com/stocks/net/kpis/rev-by-channel
See every metric in the Cloudflare KPI table. Data updated Nov 1, 2026.