Cloudflare reports Q4 EPS 28c, consensus 27c

Reports Q4 revenue $614.5M, consensus $591.4M. “We had an exceptionally strong end to 2025. In Q4, we closed our largest annual contract value deal ever-averaging $42.5 million per year-and total new ACV grew nearly 50 percent year-over-year, our fastest growth rate since 2021,” said Matthew Prince, co-founder & CEO, Cloudflare (NET). “The shift toward AI and agents represents a fundamental re-platforming of the Internet that’s driving demand across Cloudflare’s services. If agents are the new users of the web, Cloudflare is the platform they run on and the network they pass through. This creates a virtuous flywheel: more agents drive more code to Cloudflare Workers, which fuels demand for our performance, security, and networking services. We were built for this moment and the rise of the Agentic Internet.”