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Cloudflare NRR

Net Revenue Retention history for Cloudflare (NET) - Security, Public stage. Sourced from SEC filings and earnings releases.

Latest NRR · FY2025-Q3
119.0%
All-time peak
127.0%
FY2022-Q1
All-time low
110.0%
FY2024-Q3
Disclosures tracked
16
since FY2025-Q2025
QoQ ▲ 8.0pp
YoY ▲ 4.0pp
3-year ▲ 5.0pp

NRR vs GRR over time

0%37%73%110%146% FY2025-Q2025FY2019-Q2FY2020-Q1FY2020-Q3FY2021-Q2FY2022-Q1FY2024-Q2FY2025-Q1FY2025-Q3 Retention NRR (incl. expansion) GRR (excl. expansion) NRR — FY2025-Q2025: 114% NRR — FY2019-Q1: 118% NRR — FY2019-Q2: 122% NRR — FY2019-Q3: 121% NRR — FY2020-Q1: 117% NRR — FY2020-Q2: 115% NRR — FY2020-Q3: 116% NRR — FY2021-Q1: 123% NRR — FY2021-Q2: 124% NRR — FY2021-Q3: 124% NRR — FY2022-Q1: 127% NRR — FY2024-Q1: 115% NRR — FY2024-Q2: 112% NRR — FY2024-Q3: 110% NRR — FY2025-Q1: 111% NRR — FY2025-Q3: 119% GRR — FY2025-Q2025: 0% GRR — FY2019-Q1: 0% GRR — FY2019-Q2: 0% GRR — FY2019-Q3: 0% GRR — FY2020-Q1: 0% GRR — FY2020-Q2: 0% GRR — FY2020-Q3: 0% GRR — FY2021-Q1: 0% GRR — FY2021-Q2: 0% GRR — FY2021-Q3: 0% GRR — FY2022-Q1: 0% GRR — FY2024-Q1: 0% GRR — FY2024-Q2: 0% GRR — FY2024-Q3: 0% GRR — FY2025-Q1: 0% GRR — FY2025-Q3: 0%

Gross Retention excludes expansion - it shows pure churn / contraction loss. The gap between NRR and GRR is the expansion lift.

Peak NRR of 127.0% in FY2022-Q1. Latest is 119.0% - that's -8.0pp from peak.

Cloudflare is above the Security Public median by +9.0pp (cell median: 110%)

What the data shows

Cloudflare (NET) is a security company at the public stage. As of its most recent disclosure (FY2025-Q3), Cloudflare reported a Net Revenue Retention rate of 119.0% - a strong result for B2B SaaS at this segment.

Cloudflare's NRR peaked at 127.0% in FY2022-Q1, 8pp above today's level. Over the past three years, the metric has expanded by 5pp. The most recent quarter gained 8.0pp QoQ.

Within its peer set (security companies at public stage in the $25k-$100k acv band), Cloudflare's NRR is above the cell median of 110%. Compare against the full peer cell aggregate for distribution and top performers.

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Every disclosure

Period NRR GRR Source type Filing
FY2025-Q3 119.0% - 10-Q-mdna source ↗
FY2025-Q1 111.0% - 10-Q-mdna source ↗
FY2024-Q3 110.0% - 10-Q-mdna source ↗
FY2024-Q2 112.0% - 10-Q-mdna source ↗
FY2024-Q1 115.0% - 10-Q-mdna source ↗
FY2022-Q1 127.0% - 10-Q-mdna source ↗
FY2021-Q3 124.0% - 10-Q-mdna source ↗
FY2021-Q2 124.0% - 10-Q-mdna source ↗
FY2021-Q1 123.0% - 10-Q-mdna source ↗
FY2020-Q3 116.0% - 10-Q-mdna source ↗
FY2020-Q2 115.0% - 10-Q-mdna source ↗
FY2020-Q1 117.0% - 10-Q-mdna source ↗
FY2019-Q3 121.0% - 10-Q-mdna source ↗
FY2019-Q2 122.0% - 10-Q-mdna source ↗
FY2019-Q1 118.0% - 10-Q-mdna source ↗
FY2025-Q2025 114.0% - 10-Q-mdna source ↗
Last verified disclosure: 2025-09-30 · Report an inaccuracy → · How we verify →

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