NYSE$NET
Cloudflare · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Delivered a record fourth quarter and full year, with paid customer count growing to more than 111,000.
Cloudflare announced strong Q4 and fiscal year 2020 financial results, with Q4 revenue totaling $126 million, representing a 50% year-over-year increase. The company's paid customer count grew to more than 111,000, and they delivered over 550 products and capabilities during the year.
- Q4 revenue totaled $126 million, representing an increase of 50% year-over-year.
- GAAP gross profit was $96.9 million, or 76.9% gross margin.
- GAAP loss from operations was $24.7 million, or 19.6% of total revenue.
- Free cash flow was negative $23.5 million, or 19% of total revenue.
Headline financials
Revenue & EPS history
Cloudflare · Revenue · Quarterly
$126M
Forward guidance
Cloudflare provided financial outlook for Q1 2021 and full year 2021, but it is subject to substantial uncertainty as a result of the COVID-19 pandemic.
Tailwinds
- Total revenue of $130 to $131 million for the first quarter of 2021
- Non-GAAP loss from operations of $9 to $8 million for the first quarter of 2021
- Non-GAAP net loss per share of $0.03 to $0.02 for the first quarter of 2021, utilizing weighted average common shares outstanding of approximately 306 million
- Total revenue of $589 to $593 million for the full year 2021
- Non-GAAP loss from operations of $25 to $21 million for the full year 2021
Headwinds
- Non-GAAP net loss per share of $0.09 to $0.08 for the full year 2021, utilizing weighted average common shares outstanding of approximately 309 million
- Outlook is subject to substantial uncertainty as a result of the COVID-19 pandemic
- Estimates as of February 11, 2021 regarding the impact of the pandemic on operations
- Highly dependent on numerous factors that may not be able to predict or control
- Customer demand and spending patterns may be impacted by the pandemic
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2020
+0.3%
Avg return
Earnings day
+0.7%
Avg return
5 days after
+2.6%
Avg return
30 days after
48%
13 / 27 earnings
Positive
+29.5%
Q4 2023
Best reaction
-27.4%
Q1 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -23.8% | -25.0% | -2.6% | |
| Q4 2025 | +5.2% | +8.8% | +18.0% | |
| Q3 2025 | +11.6% | +2.7% | -10.0% | |
| Q2 2025 | -3.6% | +3.8% | +0.5% | |
| Q1 2025 | +6.3% | +24.3% | +44.5% | |
| Q4 2024 | +17.8% | +22.1% | -10.4% | |
| Q3 2024 | -1.4% | -1.7% | +22.1% | |
| Q2 2024 | +2.5% | -1.6% | +6.0% | |
| Q1 2024 | -15.5% | -15.8% | -23.1% | |
| Q4 2023 | +29.5% | +19.8% | +17.6% | |
| Q3 2023 | +17.2% | +20.1% | +43.4% | |
| Q2 2023 | +8.4% | +3.9% | -0.2% | |
| Q1 2023 | -21.0% | -28.0% | +2.7% | |
| Q4 2022 | +3.5% | +17.8% | -9.2% | |
| Q3 2022 | -17.7% | -19.2% | -3.1% | |
| Q2 2022 | +27.2% | +22.7% | +0.6% | |
| Q1 2022 | -27.4% | -37.0% | -39.7% | |
| Q4 2021 | -8.6% | +0.5% | -22.7% | |
| Q3 2021 | +1.2% | +5.0% | -18.0% | |
| Q2 2021 | -1.0% | +4.6% | +8.7% | |
| Q1 2021 | -9.4% | -9.8% | +5.1% | |
| Q4 2020 | -5.5% | -9.7% | -16.1% | |
| Q3 2020 | +14.9% | +9.1% | +37.8% | |
| Q2 2020 | -5.7% | -11.0% | -18.2% | |
| Q1 2020 | +5.3% | +15.4% | +16.8% | |
| Q4 2019 | -0.4% | -1.8% | +7.0% | |
| Q3 2019 | -0.6% | -0.4% | +13.9% | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — | |
| Q4 2018 | — | — | — | |
| Q3 2018 | — | — | — | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — |
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