Cloudflare (NET) Revenue & Revenue Breakdown


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Cloudflare Revenue Highlights


Latest Revenue (Y)

$1.30B

Latest Revenue (Q)

$401.00M

Main Geography (Y)

UNITED STATES

Cloudflare Revenue by Period


Cloudflare Revenue by Year

DateRevenueChange
2023-12-31$1.30B32.97%
2022-12-31$975.24M48.57%
2021-12-31$656.43M52.28%
2020-12-31$431.06M50.18%
2019-12-31$287.02M48.97%
2018-12-31$192.67M42.81%
2017-12-31$134.91M59.11%
2016-12-31$84.79M-

Cloudflare generated $1.30B in revenue during NA 2023, up 32.97% compared to the previous quarter, and up 673.03% compared to the same period a year ago.

Cloudflare Revenue by Quarter

DateRevenueChange
2024-06-30$401.00M5.91%
2024-03-31$378.60M4.45%
2023-12-31$362.47M8.01%
2023-09-30$335.60M8.79%
2023-06-30$308.49M6.31%
2023-03-31$290.18M5.63%
2022-12-31$274.70M8.21%
2022-09-30$253.86M8.25%
2022-06-30$234.52M10.53%
2022-03-31$212.17M9.59%
2021-12-31$193.60M12.33%
2021-09-30$172.35M13.07%
2021-06-30$152.43M10.41%
2021-03-31$138.06M9.63%
2020-12-31$125.93M10.30%
2020-09-30$114.16M14.48%
2020-06-30$99.72M9.28%
2020-03-31$91.25M8.72%
2019-12-31$83.93M13.51%
2019-09-30$73.94M9.67%
2019-06-30$67.42M9.23%
2019-03-31$61.73M11.22%
2018-12-31$55.50M10.84%
2018-09-30$50.07M-

Cloudflare generated $401.00M in revenue during Q2 2024, up 5.91% compared to the previous quarter, and up 138.19% compared to the same period a year ago.

Cloudflare Revenue Breakdown


Cloudflare Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23Dec 22Dec 21Dec 20Dec 19
EMEA$356.57M$258.29M$172.13M$109.27M$68.42M
Other Geographical Regions$93.17M$67.88M$45.18M$27.42M$18.90M
UNITED STATES$678.18M$515.72M$342.58M$218.19M$144.57M
Asia Pacific$168.83M$133.35M$96.54M$76.18M$42.25M
CHINA----$12.88M

Cloudflare's latest annual revenue breakdown by geography, as of Dec 23: UNITED STATES (52.30%), EMEA (27.50%), Asia Pacific (13.02%), and Other Geographical Regions (7.18%).

Quarterly Revenue by Country

CountryJun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Other Geographical Regions$30.89M$29.10M$26.98M$24.42M$22.06M$19.71M$19.79M$16.63M$16.36M$15.10M$14.98M$11.83M$9.95M$8.42M$7.04M$7.31M$6.74M$6.33M$5.43M$4.69M
EMEA$110.97M$105.38M$101.19M$92.70M$84.35M$78.33M$73.20M$68.15M$61.15M$55.79M$51.64M$45.26M$39.70M$35.53M$32.31M$27.94M$25.91M$23.11M$20.14M$17.65M
Asia Pacific$52.13M$47.65M$46.25M$42.96M$40.40M$39.22M$36.87M$33.80M$32.76M$29.93M$26.30M$24.52M$22.84M$22.88M$20.35M$19.63M$18.59M$17.60M$2.47M$13.99M
UNITED STATES$207.01M$196.46M$188.06M$175.52M$161.69M$152.92M$144.83M$135.28M$124.26M$111.35M$100.68M$90.73M$79.94M$71.22M$66.22M$59.28M$48.48M$44.22M$43.00M$37.60M

Cloudflare's latest quarterly revenue breakdown by geography, as of Jun 24: UNITED STATES (51.62%), EMEA (27.67%), Asia Pacific (13.00%), and Other Geographical Regions (7.70%).

Cloudflare Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
ADBEAdobe$19.41B$5.31B
PANWPalo Alto Networks$8.03B$1.98B
CRWDCrowdStrike$3.06B$963.87M
PLTRPalantir$2.23B$678.13M
ZSZscaler$2.17B$553.20M
MDBMongoDB$1.68B$478.11M
NETCloudflare$1.30B$401.00M
OKTAOkta$2.26M$646.00K

NET Revenue FAQ


Cloudflare's yearly revenue for 2023 was $1.3B, representing an increase of 32.97% compared to 2022. The company's yearly revenue for 2022 was $975.24M, representing an increase of 48.57% compared to 2021. NET's yearly revenue for 2021 was $656.43M, representing an increase of 52.28% compared to 2020.

Cloudflare's quarterly revenue for Q2 2024 was $401M, a 5.91% increase from the previous quarter (Q1 2024), and a 29.99% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $378.6M, a 4.45% increase from the previous quarter (Q4 2023), and a 30.47% increase year-over-year (Q1 2023). NET's quarterly revenue for Q4 2023 was $362.47M, a 8.01% increase from the previous quarter (Q3 2023), and a 31.95% increase year-over-year (Q4 2022).

Cloudflare's revenue growth rate for the last 3 years (2021-2023) was 97.55%, and for the last 5 years (2019-2023) was 351.79%.