Cloudflare, Inc.
NETQ4 2025(NET Q3 FY2025)Estimated4% AI
AI Revenue %
4%
AI Fair Value
$1.6B
AI Revenue (Q)
$48.4M
Total Revenue (Q)
$1.2B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
NET Q3 CY2025 (ended Sep 30, 2025). 10-Q filing. Revenue = $562,027K ($562.0M). The Overview section continues to reference AI applications on the network. Notably, Q3 2025 is the first filing where 'AI' appears in a risk factor: 'Our actual or perceived failure to comply with privacy, data protection, information security, AI, and other applicable laws, regulations, and obligations could harm our business.' This suggests AI has become material enough to Cloudflare's business to warrant regulatory risk disclosure. Single operating segment; no AI-specific revenue breakout. Workers AI inference volumes continue to scale. AI Gateway monitoring and caching capabilities are driving enterprise adoption. Vectorize supports production RAG applications. Conservative estimate: ~$22.5M. Math: $22.5M / $562.0M = 4.00%.
Analyzed by claude-opus-4-6
Quoted Figures
the distributed and programmable nature of our network increasingly is resulting in our customers building their applications on top of our network, too including both traditional applications and those that are enhanced with artificial intelligence (AI)
10-Q for period ending Sep 30, 2025, Item 2 MD&A Overview
Our actual or perceived failure to comply with privacy, data protection, information security, AI, and other applicable laws, regulations, and obligations could harm our business.
10-Q for period ending Sep 30, 2025, Part II Item 1A Risk Factors
Revenue $562,027 [Q3 2025] / $430,082 [Q3 2024]; Nine Months Revenue $1,553,430 [9M 2025] / $1,209,680 [9M 2024]
10-Q for period ending Sep 30, 2025, Note 14 Segment and Geographic Information
AI Products Identified (Ring 1)
Workers AIAI GatewayVectorizeR2 (AI model storage)Cloudflare for AI
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix