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Cloudflare, Inc. NET Q1 2025 earnings

Reported May 8, 2025 · After market close

Revenue$479.1MBeat by $9.8M
EPS$0.16Miss by $0.00
Revenue estimate$469.3M
EPS estimate$0.16

Next report

Oct 29, 2026 (In 3 weeks)
Revenue estimate$736.8M
EPS estimate$0.34

Financials

Q1 2025

Income statement

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Revenue$479.1M+26.5%
Gross profit$363.5M+23.8%
Operating income-$53.2M+2.4%
Net income-$38.5M-8.2%
EPS (diluted)-$0.11-10.0%

Balance sheet

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Cash & equivalents$211.1M-19.4%
Total debt$187.6M+23.2%
Total equity$1.4B+78.9%
Total assets$3.7B+32.8%

Cash flow

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Operating cash flow$145.8M+98.1%
CapEx$85.9M+168%
Free cash flow$59.9M+44.2%

Valuation & ratios

Valuation

as of 03/31/25
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Market cap$38.89B+18.6%
Enterprise value$38.86B+18.9%
P/S22×-1.7×

Profitability

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Gross margin76.9%+0.1pp
Operating margin-8.7%-2.4pp
Net margin-4.6%-1.8pp
FCF margin12.1%+0.3pp

Returns & leverage

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Return on equity-7.4%-3.0pp
Debt / equity0.1×-0.1×
Current ratio3.2×-0.3×

Segments

By geography

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Europe, Middle East, and Africa$133.9M+27.0%
Asia Pacific$73.4M+54.0%
Other$37.0M+27.0%

By segment

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Reportable Segment$479.1M+26.5%

FAQ

When did Cloudflare, Inc. report Q1 2025 earnings?
Cloudflare, Inc. (NET) reported Q1 2025 earnings on May 8, 2025 after market close.
What were Cloudflare, Inc.'s Q1 2025 revenue and EPS?
Cloudflare, Inc. reported revenue of $479.1M and eps of $0.16 for Q1 2025.
Did Cloudflare, Inc. beat estimates in Q1 2025?
Revenue beat the consensus estimate of $469.3M by $9.8M. EPS missed the consensus estimate of $0.16 by $0.00.
How did Cloudflare, Inc.'s Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 26.5% from $378.6M a year earlier and eps grew 0.0% from $0.16.
Where can I find Cloudflare, Inc.'s Q1 2025 SEC filings?
You can read the 8-K earnings release (0001477333-25-000081) and the 10-Q periodic report (0001477333-25-000082) directly on SEC EDGAR. The filing index links above go to sec.gov.