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Cloudflare, Inc. NET Q3 2025 earnings

Reported October 30, 2025 · After market close

Revenue$562.0MBeat by $17.4M
EPS$0.27Beat by $0.04
Revenue estimate$544.6M
EPS estimate$0.23

Next report

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

Financials

Q3 2025

Income statement

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Revenue$562.0M+30.7%
Gross profit$415.7M+24.4%
Operating income-$37.5M-21.6%
Net income-$1.3M+91.6%
EPS (diluted)$0.00+100%

Balance sheet

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Cash & equivalents$1.1B+470%
Total debt$238.8M+45.2%
Total equity$1.3B+38.4%
Total assets$5.8B+88.9%

Cash flow

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Operating cash flow$167.1M+59.6%
CapEx$84.6M+68.6%
Free cash flow$82.5M+51.3%

Valuation & ratios

Valuation

as of 09/30/25
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Market cap$74.78B+171%
Enterprise value$73.96B+169%
P/S37.1×+19.6×

Profitability

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Gross margin75.2%-2.3pp
Operating margin-9.6%-0.7pp
Net margin-5.1%-0.6pp
FCF margin11.7%-0.7pp

Returns & leverage

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Return on equity-8.9%-1.5pp
Debt / equity0.2×0.0×
Current ratio2×-1.3×

Segments

By geography

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Europe, Middle East, and Africa$153.3M+25.9%
Asia Pacific$84.7M+43.3%
Other$41.5M+21.1%

By segment

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Reportable Segment$562.0M+30.7%

FAQ

When did Cloudflare, Inc. report Q3 2025 earnings?
Cloudflare, Inc. (NET) reported Q3 2025 earnings on October 30, 2025 after market close.
What were Cloudflare, Inc.'s Q3 2025 revenue and EPS?
Cloudflare, Inc. reported revenue of $562.0M and eps of $0.27 for Q3 2025.
Did Cloudflare, Inc. beat estimates in Q3 2025?
Revenue beat the consensus estimate of $544.6M by $17.4M. EPS beat the consensus estimate of $0.23 by $0.04.
How did Cloudflare, Inc.'s Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 30.7% from $430.1M a year earlier and eps grew 35.0% from $0.20.
Where can I find Cloudflare, Inc.'s Q3 2025 SEC filings?
You can read the 8-K earnings release (0001477333-25-000140) and the 10-Q periodic report (0001477333-25-000141) directly on SEC EDGAR. The filing index links above go to sec.gov.