NET

Cloudflare’s latest performance confirms its massive pivot from a CDN provider to a foundational enterprise platform for security, networking, and AI computation.

Key Financial Highlights (Q3 2025)

Revenue: $562M (+31% YoY).

Enterprise Shift: 4,009 large customers (>$100k/year) now contribute 73% of total revenue, up from 67% last year.

FCF reached $75M (13% margin), supporting the path to a $5B annual revenue goal by 2028.

Strategic Transformation:

🔎