Cloudflare(US:NET)2025-10-30 21:00Financial 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]