Company / Cost of Revenue
Cloudflare, Inc. Cost of Revenue History
FY2017-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Cost of Revenue
$552.5M
FY2025
5-year range
$147.1M / $552.5M
FY2021-FY2025
Trend
+45.9%
vs FY2024
Sector context
#125 of 274
Information Technology
What the data says
At $553M, Cloudflare, Inc.'s cost of revenue ranks #150 of 274 in the Information Technology sector. Cost of Revenue has increased for 8 consecutive years, from $29M in FY2017 to $553M in FY2025.
Based on SEC 10-K filings.
$553M in FY2025 with a 5-year CAGR of +40.5%.
Increased from $307M to $553M over the past 2 years.
Information Technology sector context is included.
Cost of Revenue over time
Growth rates
- 3-Year CAGR
- +33.4%
- 5-Year CAGR
- +40.5%
- 10-Year CAGR
- -
Sector benchmark
#150 of 274 in Information TechnologyTop 54% of 274This company $552.5M Sector average $3.9B
▼
-85.9% below sector average
Key checks
Key Insights
- Cloudflare, Inc.'s cost of revenue has grown for 8 consecutive years.
- 5-year CAGR of +40.5%, indicating consistent growth.
- In FY2025, cost of revenue increased 45.9% year-over-year.
- Ranks #125 out of 274 companies in the Information Technology sector.
Company context
Key Data Points
- Altman Z-Score 0.49 (distress zone, below 1.8 threshold)
- Negative profit margin: -5.1%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Cost of RevenueValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $552.5M | +45.9% |
| FY2024 | $378.7M | +23.4% |
| FY2023 | $307.0M | +32.0% |
| FY2022 | $232.6M | +58.1% |
| FY2021 | $147.1M | +45.6% |
| FY2020 | $101.1M | +59.3% |
| FY2019 | $63.4M | +45.7% |
| FY2018 | $43.5M | +51.2% |
| FY2017 | $28.8M | - |
As of FY2025 · SEC 10-K · Updated Jul 2, 2026