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Cloudflare, Inc. (NET)
NYSE: NET · Real-Time Price · USD
200.91
+5.53 (2.83%)
At close: Aug 15, 2025, 4:00 PM
201.90
+0.99 (0.49%)
After-hours: Aug 15, 2025, 7:58 PM EDT

Cloudflare Operating Metrics

Period Ending Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018
Dollar-Based Net Retention Rate
114.00% 111.00% 111.00% 110.00% 112.00% 115.00% 115.00% 116.00%

Customers
Period Ending Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018
Customers
265.93K 250.82K 237.71K 221.54K 207.12K 197.14K 189.79K 182.03K
Customers Growth
28.39% 27.23% 25.25% 21.71% 18.95% 17.23% 17.09% 16.68%

Large Customers
Period Ending Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019
Large Customers
3.71K 3.53K 3.50K 3.27K 3.05K 2.88K 2.76K 2.56K
Large Customers Growth
21.86% 22.55% 26.89% 27.64% 29.51% 33.49% 34.97% 34.07%

Revenue by Geography
Period Ending Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019
United States
932.81M 887.92M 849.50M 806.48M 767.05M 721.73M 678.18M 634.96M
United States Growth
21.61% 23.03% 25.26% 27.01% 28.98% 29.51% 31.50% 34.65%
Europe, Middle East, and Africa
527.44M 494.97M 466.50M 439.34M 410.24M 383.62M 356.57M 328.59M
Europe, Middle East, and Africa Growth
28.57% 29.02% 30.83% 33.71% 34.94% 36.60% 38.05% 38.80%
Asia Pacific
272.00M 248.98M 223.23M 205.13M 188.99M 177.26M 168.83M 159.45M
Asia Pacific Growth
43.92% 40.46% 32.23% 28.65% 25.75% 24.26% 26.60% 29.87%
Other
149.19M 138.24M 130.39M 121.20M 111.40M 102.56M 93.17M 85.98M
Other Growth
33.92% 34.79% 39.96% 40.97% 42.48% 41.50% 37.26% 36.33%

Operating Expense Breakdown
Period Ending Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018
Sales and Marketing
810.56M 765.70M 745.79M 719.04M 684.03M 656.22M 599.12M 565.95M
Sales and Marketing Growth
18.50% 16.68% 24.48% 27.05% 28.63% 30.54% 28.63% 31.64%
Research and Development
480.77M 448.76M 421.37M 397.56M 377.24M 364.31M 358.14M 341.45M
Research and Development Growth
27.44% 23.18% 17.66% 16.44% 15.27% 16.47% 20.06% 21.79%
General and Administrative
327.22M 299.87M 278.52M 265.13M 252.29M 235.80M 217.97M 203.41M
General and Administrative Growth
29.70% 27.17% 27.78% 30.34% 30.82% 23.96% 21.25% 21.00%
Source: Business metrics provided by Main Street Data and sourced from official company press releases and documents.