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Large Customers
Tracks revenue and trends among Cloudflare’s biggest accounts, revealing concentration risk and enterprise traction; growth in this group suggests stronger long-term contracts and higher monetization per customer, while heavy reliance on a few clients raises vulnerability.The rapid expansion of Cloudflare’s >$100k customers reflects a clear enterprise inflection: large accounts now drive the majority of revenue and are delivering record big-ticket deals and healthy dollar-based net retention, making growth more predictable and upsell-driven. That momentum underpins management’s pivot to AI and justifies higher near-term CapEx and restructuring, but investors should watch margin pressure from a developer-heavy mix and one‑time severance/network costs that could compress near-term profitability even as long‑term enterprise monetization improves.
Date | Large Customers |
|---|---|
Jun 30, 2026 | 4.70K |
Mar 31, 2026 | 4.42K |
Dec 31, 2025 | 4.30K |
Sep 30, 2025 | 4.01K |
Jun 30, 2025 | 3.71K |
Mar 31, 2025 | 3.53K |
Dec 31, 2024 | 3.50K |
Sep 30, 2024 | 3.27K |
Jun 30, 2024 | 3.05K |
Mar 31, 2024 | 2.88K |