Cloudflare, Inc.
NETQ4 2024(NET Q3 FY2024)Estimated2% AI
AI Revenue %
2%
AI Fair Value
$746.0M
AI Revenue (Q)
$18.7M
Total Revenue (Q)
$934.3M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
NET Q3 CY2024 (ended Sep 30, 2024). 10-Q filing. Revenue = $430,082K ($430.1M). The filing reports a single operating segment and does not mention artificial intelligence, AI products, or AI-specific revenue. Cloudflare acquired Kivera (cloud security) in Oct 2024 but that is unrelated to AI. Workers AI, AI Gateway, and Vectorize are all in production and expanding. The Developer Platform (including Workers, R2, D1, Vectorize, Workers AI) is growing but Cloudflare provides no product-level revenue disclosure. AI inference workloads at the edge are growing as enterprises deploy AI applications. Conservative estimate: ~$8.6M. Math: $8.6M / $430.1M = 2.00%.
Analyzed by claude-opus-4-6
Quoted Figures
The Company has determined it has a single operating segment.
10-Q for period ending Sep 30, 2024, Note 14 Segment and Geographic Information
On October 7, 2024 the Company acquired Kivera, Inc. which has developed cloud security, data protection, and compliance technology, for approximately $29.4 million in cash.
10-Q for period ending Sep 30, 2024, Note 15 Subsequent Events
AI Products Identified (Ring 1)
Workers AIAI GatewayVectorizeR2 (AI model storage)
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix