NYSE$NET
Cloudflare · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Cloudflare's Q4 2021 financial results were announced, demonstrating strong revenue growth and positive cash flow.
Cloudflare announced strong Q4 2021 results, with revenue up 54% year-over-year to $193.6 million. The company achieved record operating cash flow and positive free cash flow for the quarter.
- Q4 revenue totaled $193.6 million, up 54% year-over-year.
- Fiscal year 2021 revenue totaled $656.4 million, up 52% year-over-year.
- Record dollar-based net retention rate of 125%.
- Operating cash flow was $40.6 million, representing 21% of total revenue, and free cash flow was $8.6 million, representing 4% of total revenue.
Headline financials
Revenue & EPS history
Cloudflare · Revenue · Quarterly
$194M
Forward guidance
Cloudflare provided financial outlook for Q1 2022 and full year 2022 which are subject to substantial uncertainty as a result of the ongoing COVID-19 pandemic.
Tailwinds
- Total revenue of $205.0 to $206.0 million for the first quarter of fiscal 2022.
- Non-GAAP income from operations of $0.5 to $1.5 million for the first quarter of fiscal 2022.
- Non-GAAP net income per share of $0.00 to $0.01, utilizing weighted average common shares outstanding of approximately 348 million for the first quarter of fiscal 2022.
- Total revenue of $927.0 to $931.0 million for the full year fiscal 2022.
- Non-GAAP income from operations of $10.0 to $14.0 million for the full year fiscal 2022.
Headwinds
- The forward-looking statements are subject to substantial uncertainty as a result of the ongoing COVID-19 pandemic.
- Estimates as of February 10, 2022 regarding the impact of the pandemic on operations.
- Highly dependent on numerous factors that may not be able to predict or control.
- The timing of administering COVID-19 vaccines around the world and the long-term efficacy of these vaccines.
- The impact of the pandemic on global and regional economies and economic activity generally.
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 2021
+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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