Cloudflare reported $782.5 million in revenue for the quarter ended September 30, 2026, up 39% year over year.1
Its GAAP operating loss widened to $67.9 million from $37.5 million a year earlier. Adjusted operating income rose to $137.1 million from $85.9 million. Free cash flow remained positive at $82.1 million.1
Bloomboff's take: The growth is real. So is the operating loss. That profit headline needs its damn adjective.



