Cloudflare, Inc. (NYSE: NET) operates one of the world’s largest edge networks, spanning over 300 cities across more than 100 countries. Matthew Prince, Lee Holloway, and Michelle Zatlyn founded the company in 2009. Cloudflare provides content delivery, DDoS mitigation, and security services.
Platform and Products
Cloudflare’s network processes an estimated 20% of all internet traffic.
Cloudflare One is the Zero Trust and SASE platform for securing remote workforces. Magic WAN provides network-as-a-service to replace legacy WAN architectures. Cloudflare WAF is the web application firewall protecting against OWASP Top 10 vulnerabilities. DDoS Protection offers unmetered mitigation at network and application layers. Workers is the serverless edge computing platform. R2 provides object storage with zero egress fees. AI Gateway delivers observability and caching for AI applications.
More than 35 million websites use Cloudflare’s services.
Financials
Cloudflare has shown strong revenue acceleration. TTM revenue as of September 2025 was $2.01 billion with 28% year-over-year growth. Q3 2025 revenue hit $562 million with 31% YoY growth. Revenue guidance for 2025 is $2.14 billion. The company has more than 200,000 paying customers and 4,009 large customers spending over $100,000 per year, a 23% increase year-over-year.
In Q1 2025, Cloudflare landed the largest contract in its history, a deal exceeding $100 million driven by its Workers platform.
Industry Standing
Cloudflare is unique in serving both as a cybersecurity vendor and internet infrastructure provider. The company is a Leader in the Gartner Magic Quadrant for Security Service Edge and Web Application & API Protection. Its free tier serves millions of websites, driving a developer ecosystem and bottom-up adoption model.