NYSE$NET

Cloudflare · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

Cloudflare reported Q4 2025, revenue of $614.5M, net loss of $49.2M, diluted EPS of $-0.14.

For Q4 2025, Cloudflare reported revenue of $614.5M, a net loss of $49.2M, diluted EPS was $-0.14. The filing discusses segment performance, liquidity, capital actions, and management priorities for upcoming periods.

  • Revenue $614.5M.
  • Net loss $49.2M.
  • Diluted EPS $-0.14.

Headline financials

Total Revenue

$615M

Previous: $460M+33.6%
EPS (adj)

-$0.14

Previous: $0.19-173.7%
Gross Margin

73.6%

Previous: 76.4%-3.7%
Free Cash Flow Margin

16.2%

Previous: 10.4%+55.8%
Net Income

-$49.2M

Previous: -$12.8M-282.9%
Operating Income

-$49.2M

Previous: -$34.7M-41.8%
Gross Profit

$453M

Previous: $351M+28.8%

Revenue & EPS history

Cloudflare · Revenue · Quarterly

$615M

Q4 2025+33.6%vs Q4 2024
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

The release discusses Cloudflare's outlook, including operating priorities, capital returns, and sector risks relevant to upcoming periods.

Tailwinds

  • Cloudflare cites execution on strategic priorities and demand trends in the release.
  • Capital allocation and balance-sheet actions support growth and shareholder returns.

Headwinds

  • GAAP profitability remained under pressure in Q4 2025.
  • Macro, pricing, and input-cost volatility could pressure margins.
  • One-time items and segment mix may affect quarter-to-quarter comparability.

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 2025

Historical avgQ4 2025

+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

Earnings price reactions
QuarterReport dateReaction (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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