The billing address in the US contributed $218.19 million in income for Cloudflare in 2020. That is 50.62% of all revenue generated worldwide. Over the previous year, the company's revenue from the US market climbed by 50.92%.
In Q1 2021, Cloudflare's Europe, Middle East, and Africa (EMEA) revenue share increased from 20.86% in 2016 to 25.73% (25.35% in 2020).
The Asia Pacific area contributed $76.12 million to Cloudflare's revenue, an increase of 38.07% year over year.
In 2020, "other markets" brought in $27.42 million for Cloudflare (outside of the United States, Europe, the Middle East, Africa, and Asia Pacific). This is an increase of 45.08% from the prior year.
Let's check out this table for a clearer view that has precise numbers for each year and region of Cloudflare's revenue.
Cloudflare's net income for the twelve months ending September 30, 2022, was USD 225 million, a 3.75% increase YoY.
Cloudflare's annual net income for 2021 was USD 260 million, a 118.07% increase from 2020.
Cloudflare's annual net income for 2020 was USD 119 million, a 12.8% increase from 2019.
Cloudflare's annual net income for 2019 was USD 106 million, a 21.41% increase from 2018.
Last year's net income was of $225 million, being just a bit under 2021's net income. Just like any other business, Cloudflare has seen both brighter and darker days.
With the expansion of Cloudflare as a business, more expense has to go into research and development. We can see this contrast in each year since 2016:
Year
Research and Development Expenses
Comparison
2016
$23.66 million
30.39%
2017
$33.65 million
29.04%
2018
$54.46 million
23.27%
2019
$90.7 million
27.36%
2020
$127.14 million
29.11%
Q1 2021
$28.47 million
24.83%
In 2016, Cloudflare began with $23.66 million in research and development expenses, and in the first quarter of 2021, they've invested $28.47 million.
The highest expenses in this domain were recorded in 2020, with $127.14 million dedicated to research purposes.
Cloudflare is used by 80.5% of all the websites whose reverse proxy service. This is 19.4% of all websites.
For reference, there are currently over 1.13 billion websites in the World (January 2023). This counts the active and the unactive websites altogether.
Cloudflare does not enforce response limits, but cache limits for Cloudflare's CDN are observed Open the external link. The maximum file size is 512 MB for Free, Pro, and Business customers and 5GB for Enterprise customers.
Matthew Prince, Lee Holloway and Michelle Zatlyn co-founded Cloudflare on September 27, 2010.
Cloudflare founder's net worth
Matthew Prince is currently worth more than USD 3.2 billion.
Matthew Prince co-founded the web infrastructure and security company Cloudflare in 2009. It went public in September 2019.
Prince owns about 10% of the company and serves as CEO.
Pre-IPO, its investors included Google's venture firm CapitalG, Microsoft, Baidu and Qualcomm Ventures.
Before Cloudflare, Prince was a law professor and cofounded Unspam Technologies, which helped block spam content for clients.
He is age 47 years old as of November 2022
His Source of Wealth is through cybersecurity service
Lives in Park City, Utah, and is a United States Citizen.
He is Married
He has a Master of Business Administration, from Harvard Business School; a Bachelor of Arts/Science, from Trinity College Connecticut; Doctor of Jurisprudence, from the University of Chicago
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