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technology1h ago
While Most B2B Companies Are Decelerating, Cloudflare Just Had Its Best Quarter Since 2021. 10 Numbers That Explain Why
- Cloudflare posted its best quarter since 2021, with 34% YoY revenue growth in Q4 2025.
- A record 37,000 net new paying customers were added in the quarter.
- Large customer growth accelerated, with 269 customers spending over $1M annually.
- New ACV grew nearly 50% YoY, the fastest pace since 2021.
- Net revenue retention reached 120%, up 9 points year-over-year.
- Sales productivity improved for eight straight quarters, hitting an all-time high.
- Free cash flow nearly doubled to $99M, with FCF margin rising to 16%.
- APAC revenue rose 50% YoY, signaling strong geographic expansion.
- Developers on the platform reached 4.5 million, up 50% in 12 months.
- Channel contributions rose to 28.5% of ACV, up from 19% YoY.
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