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How Cloudflare (NET) makes money
Cloudflare (NET) made $783M of revenue in the third quarter 2026 (Q3 2026), +39% from a year earlier.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $783M | 100.0% |
| Income tax | $6.8M | 0.9% |
| Operating cash flow | $215M | 27.5% |
| Free cash flow | $82.1M | 10.5% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $783M | +39% |
| Q2 2026 | $696M | +36% |
| Q1 2026 | $640M | +34% |
| Q4 2025 | $615M | +34% |
| Q3 2025 | $562M | +31% |
| Q2 2025 | $512M | +28% |
| Q1 2025 | $479M | +26% |
From Cloudflare's 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does Cloudflare make money?
Cloudflare (NET) made $783M of revenue in the third quarter 2026 (Q3 2026), +39% from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.