Cloudflare Inc

NET: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Cloudflare Earnings: Strong Start to 2025 as Enterprise Penetration and Workers Momentum Continues

Malik Ahmed Khan

May 9, 2025

Cloudflare kicked off 2025 with a solid set of financial results, with the firm's sales growing 27% year over year to $479 million and adjusted margins staying mostly flat year over year. Large clients constituted 69% of the firm's top line for the first quarter, up from 67% a year ago.

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Cloudflare Inc

Cloudflare Earnings: Strong Start to 2025 as Enterprise Penetration and Workers Momentum Continues

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