Cost of revenue · 2017–2025
Cloudflare cost of revenue
$553M+45.9% · FY2025
Cloudflare (NET) reported $553M in cost of revenue for fiscal 2025, +45.9% year on year.
| Fiscal year | Cost of revenue | Change | Filing |
|---|---|---|---|
| FY20252025-12-31 | $553M | +45.9% | Open → |
| FY20242024-12-31 | $379M | +23.4% | Open → |
| FY20232023-12-31 | $307M | +32.0% | Open → |
| FY20222022-12-31 | $233M | +58.1% | Open → |
| FY20212021-12-31 | $147M | +45.6% | Open → |
| FY20202020-12-31 | $101M | +59.3% | Open → |
| FY20192019-12-31 | $63.4M | +45.7% | Open → |
| FY20182018-12-31 | $43.5M | +51.2% | Open → |
| FY20172017-12-31 | $28.8M | — | Open → |
Cost of revenue — Cost of revenue is the direct cost of producing what the company sold — materials, manufacturing and the labour tied to delivery. It excludes sales, marketing and administration. Revenue minus this figure is gross profit.
Every row links to its own SEC filing · Fiscal year 2025 · Data as of September 25, 2026 · 2017–2025 compound annual growth +44.7%
Cost of revenue at companies of similar size
Cite this page
Ready-made references for the figures on this page, as published on September 25, 2026.
Wikipedia
{{cite web |title=Cloudflare cost of revenue |url=https://companiesranked.com/en/company/cloudflare/cost-of-revenue |website=CompaniesRanked |date=2026-09-25 |language=en}}APA 7
CompaniesRanked. (September 25, 2026). Cloudflare cost of revenue. CompaniesRanked. https://companiesranked.com/en/company/cloudflare/cost-of-revenueBibTeX
@misc{companiesranked-en-company-cloudflare-cost-of-revenue-2026,
author = {{CompaniesRanked}},
title = {{Cloudflare cost of revenue}},
year = {2026},
howpublished = {\url{https://companiesranked.com/en/company/cloudflare/cost-of-revenue}},
note = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
urldate = {2026-09-25}
}The filing itself
The numbers above are read from this document: 10-K · 0001477333-26-000016 · February 26, 2026
{{cite web |title=Cloudflare cost of revenue — 10-K (0001477333-26-000016) |url=https://www.sec.gov/Archives/edgar/data/1477333/000147733326000016/cloud-20251231.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-02-26}}The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.