The financials
Cloudflare, Inc. by the numbers
Cloudflare, Inc. (NET) reported revenue of $696M in Q2 2026 (quarter ended June 30, 2026), up 36% from the same quarter a year earlier. That came with a gross margin of 72% and net loss of $170M. For the full year FY2025, revenue was $2.17B (+30% year on year) and net income −$102M. Its largest region in 2026-Q1 was US at $316M, 49% of the disclosed total, just ahead of EMEA at 27%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $696M | $512M | +36% |
| Gross profit | $500M | $384M | +30% |
| Operating income | −$206M | −$67M | n/a |
| Net income | −$170M | −$50M | n/a |
| Diluted EPS | −$0.48 | −$0.15 | n/a |
| Geographic | Revenue | Share |
|---|---|---|
| US | $316M | 49% |
| EMEA | $176M | 27% |
| Asia Pacific | $99M | 15% |
| Other Geographical Regions | $50M | 7.8% |
Business Segments
Revenue split by geographic segment, from SEC XBRL filings.
Latest period: Q1 2026Total $639.8M (+14%)
US grew +34% year on yearEMEA +31% year on year
Segment Latestquarter on quarteryear on year
- US$315.8M$315.8MQoQ +12%year on year +34%+12%+34%
- EMEA$175.7M$175.7MQoQ +15%year on year +31%+15%+31%
- Asia Pacific$98.6M$98.6MQoQ +17%year on year +34%+17%+34%
- Other Geographical Regions$49.6M$49.6MQoQ +20%year on year +34%+20%+34%
Software - Infrastructure
Ranks #11 of 78 by Smart Score