Core Insights - Cloudflare is experiencing a significant outage affecting various crypto platforms, including BitMEX and DeFiLlama, with the company working to restore services [1][2] - The outage has led to a 4% decline in Cloudflare's stock price, closing at $202.25, with a further drop to $195.35 in pre-market trading [2] - The total cryptocurrency market capitalization has decreased by 3% to $3.12 trillion due to the outage [4] Company Impact - Cloudflare's internal service degradation has disrupted services for multiple platforms, indicating a reliance on its infrastructure within the crypto ecosystem [1][2] - The stock performance of Cloudflare reflects investor concerns, with a notable drop in share price following the outage announcement [2] Industry Reaction - The crypto community has expressed frustration and humor regarding the outage, highlighting the irony of a decentralized ecosystem being dependent on a single DNS provider [4] - Major cryptocurrencies have seen price declines, with Bitcoin dropping to $89,300.46 and Ethereum falling below $3,000 [5]

Financial Performance - Total revenue reached $1.67 billion in 2024, demonstrating a 31% compound annual growth rate (CAGR)[12] - Q3 2025 revenue was $562 million[12] - The company's non-GAAP gross margin was 75% as of Q3 2025[14] - The company projects revenue of $2.142 to $2.143 billion for fiscal year 2025, representing a 28% year-over-year growth[83] - The company projects operating income of $297 to $298 million for fiscal year 2025, resulting in a 14% operating margin[83] Customer Growth - The company had 295,000 paying customers as of Q3 2025[14] - Large customers (>$100,000 annualized revenue) totaled 4,009 as of Q3 2025, representing a 25% CAGR[12] - Revenue from large customers accounted for 73% of the total revenue[14] - The dollar-based net retention rate was 114% in Q3 2025[69] Market and Network Scale - The company estimates its large addressable market to be $181 billion in 2025[60] - The company's network spans 330 cities[14] - The company blocks an average of 234 billion cyber threats per day[32]

Financial Performance - Total revenue reached $1.67 billion in 2024, demonstrating a 26% compound annual growth rate (CAGR)[12] - Q2 2025 revenue was $512 million[12] - Non-GAAP gross margin stood at 76% as of Q2 2025[14] - The company projects full-year 2025 revenue between $2.1135 billion and $2.1155 billion, representing a 27% year-over-year growth[86] Customer Growth - The company had 265,000 paying customers as of Q2 2025, reflecting a 21% CAGR[14, 69] - Large customers (>$100,000 annualized revenue) numbered 3,712 in Q2 2025, with a 29% CAGR[12, 69] - Revenue from large customers accounted for 71% of the total revenue[14, 33] Network and Security - The platform blocks an average of 190 billion cyber threats per day[33, 43] - The network spans 330 cities across 125+ countries[14, 37] - 95% of the world's Internet-connected population is within ~50 ms of a Cloudflare data center[37] Market Opportunity - The company estimates a large addressable market of $181 billion in 2025[51, 62]

As of March 31, 2025 © 2025 Cloudflare, Inc. Safe Harbor This presentation has been prepared by Cloudflare, Inc. ("Cloudflareˮ) for informational purposes only and not for any other purpose. Nothing contained in this presentation is, or should be construed as, a recommendation, promise, or representation by the presenter or Cloudflare or any officer, director, employee, agent, or advisor of Cloudflare. This presentation does not purport to be all-inclusive or to contain all of the information you may desire ...