Filing Flows › Cloudflare (NET) › Q3 2026 › vs Q3 2025
Cloudflare (NET) Q3 2026 vs Q3 2025 (year over year)
Cloudflare's revenue rose $220M (+39%) from $562M in Q3 2025 to $783M in Q3 2026.
Cloudflare, Q3 2026: revenue $783M (+39% year over year), operating margin -8.7%, net loss $34.1M, operating cash flow $215M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 10.5% | 13.3% | -2.9 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $783M | $562M | $220M | +39% |
| Other income, net | $40.6M | $39.3M | $1.3M | +3% |
| Net loss | $34.1M | $1.3M | $32.8M | 26× |
| Costs & expenses | $857M | $603M | $255M | +42% |
| Operating costs | $850M | $599M | $251M | +42% |
| Income tax | $6.8M | $3.1M | $3.6M | +116% |
| Cost of revenue | $225M | $146M | $79.0M | +54% |
| Research & development | $168M | $121M | $47.2M | +39% |
| Sales & marketing | $338M | $236M | $102M | +43% |
| General & admin | $108M | $95.9M | $12.0M | +13% |
| Operating cash sources | $249M | $168M | $81.0M | +48% |
| Depreciation & amortization | $67.4M | $49.5M | $17.9M | +36% |
| Share-based compensation | $168M | $110M | $57.7M | +53% |
| Working capital & other | $14.4M | $9.0M | $5.4M | +60% |
| Net loss absorbed | $34.1M | $1.3M | $32.8M | 26× |
| Operating cash flow | $215M | $167M | $48.2M | +29% |
| Free cash flow (company-reported) | $82.1M | $75.0M | $7.1M | +9% |
| Purchases of property and equipment | $122M | $84.6M | $37.2M | +44% |
| Capitalized internal-use software | $11.5M | $7.5M | $4.0M | +53% |
Questions
How much did Cloudflare's revenue grow year over year in Q3 2026?
Cloudflare's revenue rose $220M (+39%) from $562M in Q3 2025 to $783M in Q3 2026.