NET
Cloudflare, Inc.197.53
+0.83+0.42%
Dec 16, 4:01:06 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
AI agents supercharge all products
Q&A doubled down on AI agents as tailwinds, detailing Workers use cases like pharma vibe coding platforms and secure financial MCP servers that hyperscalers can't match on cost or scale-to-zero flexibility. Pool of funds reached 20% of Q4 ACV, up from mid-teens yearly, implying bigger Q4s and smaller Q1s ahead. Channel mix hit 28.5%, with partners energized after sales kickoff for Act 2/3 push. Acquisitions like Humenated fit Act Four's agentic commerce vision. Analysts flagged AI disruption; execs framed Cloudflare as Goldilocks winner. Agents fuel every product line. Investors will eye large-deal pipeline conversion.
Key Stats
Market Cap
69.19BP/E (TTM)
-Basic EPS (TTM)
-0.30Dividend Yield
0%Recent Filings
10-K
FY2025 results
Cloudflare's FY2025 revenue hit $2.2B, up 30% y/y, fueled by 40% paying customer growth to 332k and large customers (> $100k ARR) surging 23% to 4,298; dollar-based net retention held at 120%. Q4 momentum shone through network expansions and AI product ramps, with gross margin dipping to 75% on heavy capex ($316M, 15% of revenue) for GPU/server builds—free cash flow still expanded to 12% margin. Operating loss narrowed to $(207M) amid 22% R&D hike, but balance sheet bulged with $4B liquidity post-$2B notes raise. Net loss $(102M). Geopolitical tensions risk quarterly sales cycles.
8-K
CLO Kramer resigns, successor named
8-K
Q4 revenue $614.5M, +34%
10-Q
Q3 FY2025 results
Cloudflare's Q3 revenue jumped 31% y/y to $562M (derived), with gross margin dipping to 74% from 78% on higher network costs, yet operating loss narrowed to $37M from $30M. Q/q revenue grew ~14% (derived), EPS swung to breakeven from -$0.04 loss on 349k diluted shares. Cash swelled to $1.1B with $413M YTD operating cash flow; free cash flow hit $161M (operating cash minus $251M capex). Issued $2B 2030 convertible notes at 0% due 2030 for liquidity. Intense competition pressures margins.
8-K
Q3 revenue up 31%
Cloudflare posted Q3 revenue of $562.0 million, up 31% year-over-year, with non-GAAP operating income hitting $85.9 million. RPO surged 43%, current RPO 30%, while GAAP net loss narrowed to $1.3 million. Momentum builds. President CJ Desai exits November 7 for a CEO role elsewhere; Q4 revenue eyed at $588.5-589.5 million.
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