Cloudflare Inc

NET: XNYS (USA)

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Cloudflare Earnings: Top-Line Acceleration More Than Offsets Rising Costs; Raise Fair Value to $185

Malik Ahmed Khan

Oct 31, 2025

Cloudflare reported solid third-quarter results with the firm's sales growth accelerating to 31% while its adjusted operating margins expanded 50 basis points to 15.3%. The firm's channel partner sales spearheaded the top line, growing 68% year over year, making up 27% of total sales in the quarter.

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Cloudflare Inc

Cloudflare Earnings: Top-Line Acceleration More Than Offsets Rising Costs; Raise Fair Value to $185

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