Strong Revenue Acceleration
Revenue grew 33.5% YoY to $639.8M in Q1 2026, up from $479.1M in Q1 2025, reflecting continued strong demand for Cloudflare's network security and connectivity services.
Cloudflare, Inc. is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: Cloudflare (NET) delivered strong Q1 2026 revenue growth of 33.5% YoY to $639.8M, while narrowing its net loss to $22.9M and maintaining positive operating cash flow of $158.3M, though gross margin compressed 4.7 percentage points to 71.2%.
Drawn from management commentary in the Q1 2026 10-Q:
Revenue grew 33.5% YoY to $639.8M in Q1 2026, up from $479.1M in Q1 2025, reflecting continued strong demand for Cloudflare's network security and connectivity services.
Gross margin declined 4.7 percentage points YoY to 71.2% (from 75.9%), driven by cost of revenue rising 59.3% YoY to $184.2M — significantly outpacing revenue growth — suggesting higher infrastructure and delivery costs.
Net loss improved 40.4% YoY to -$22.9M (from -$38.5M), and operating margin improved from -11.1% to -9.7%, indicating gradual progress toward profitability despite continued investment in growth.
Revenue
$639.75M
++33.54% YoY
EPS (Basic)
$-0.07
++36.36% YoY
Gross Margin
71.2%
-4.66% YoY
Operating Income
$-61.99M
-16.43% YoY
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