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Cloudflare Q4 Revenue Up 29%, Guides Strong 2026 Growth

Cloudflare reports Q4 2025 revenue of $614.5M, up 34% year-over-year, and guides full-year 2026 revenue toward $2.79B as AI-driven demand accelerates.

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Cloudflare reported strong fourth quarter 2025 results, with revenue growing 34% year-over-year to $614.5 million. The company beat analyst expectations of $591 million in revenue and $0.27 earnings per share, reporting adjusted earnings of $0.28 per share. The results demonstrate continued momentum in Cloudflare's core business and emerging AI-related services.

Financial Highlights

The company achieved a gross margin of 74.9% and operating income of $89.6 million in Q4. Cloudflare ended 2025 with 269 customers spending over $1 million annually, a 55% increase year-over-year, adding 96 such customers during the year. Total paying customers reached approximately 332,000, with a record sequential addition of nearly 37,000 customers in Q4 representing 40% growth year-over-year.

Strong 2026 Guidance

For full-year 2026, Cloudflare expects revenue between $2.785 billion and $2.795 billion, representing 28-29% year-over-year growth. The company projects operating income of $378-382 million and diluted earnings per share of $1.11-1.12. First quarter 2026 revenue is expected to reach $620-621 million, up 29-30% year-over-year.

The guidance reflects confidence in continued customer acquisition and expansion, particularly among enterprise customers deploying AI applications that require Cloudflare's edge computing and security capabilities.

AI-Driven Demand

Management highlighted growing demand for Cloudflare's services from companies deploying AI agents and applications. The company's global network and developer-friendly platform position it well to capture traffic from AI-powered services that require low latency and high reliability at scale.

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