Cloudflare, Inc. (NET) Gross margin 2017–2025
Cloudflare, Inc. (NET) gross margin by fiscal year — reported gross profit divided by reported revenue.
74.5%FY2025 · since FY2017: 78.7% → 74.5%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 74.5% | -2.8 pp |
| FY2024 | 77.3% | +1.0 pp |
| FY2023 | 76.3% | +0.2 pp |
| FY2022 | 76.1% | -1.4 pp |
| FY2021 | 77.6% | +1.0 pp |
| FY2020 | 76.6% | -1.3 pp |
| FY2019 | 77.9% | +0.5 pp |
| FY2018 | 77.4% | -1.3 pp |
| FY2017 | 78.7% | — |
Gross margin = reported gross profit ÷ reported revenue for the same fiscal year.
Source: SEC XBRL filings · For reference only · Not investment advice