The table below shows Cloudflare, Inc.'s income statement line items across its last 6 fiscal years, exactly as reported in the company's audited annual filings. All figures are in US dollars; negative values appear in red.
Line item
FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
Revenue
$2.17B
$1.67B
$1.30B
$975.24M
$656.43M
$431.06M
Cost of revenue
$552.52M
$378.70M
$307.00M
$232.61M
$147.13M
$101.06M
Gross profit
$1.62B
$1.29B
$989.74M
$742.63M
$509.29M
$330.00M
R&D
$512.49M
$421.37M
$358.14M
$298.30M
$189.41M
$127.14M
NET annual revenue (10-K history)
Cloudflare, Inc. reported annual revenue of $2.17B for fiscal year 2025. That is up 29.8% from $1.67B in fiscal 2024. Over the 9 fiscal years shown, annual revenue grew from $134.91M (FY 2017) to $2.17B. Figures come from the company's audited annual reports as filed with the SEC.
