Saastr · 8 October 2026 · Industry Analysis

5 Interesting Learnings from Cloudflare at $2.8 Billion in Revenue: 36% Growth, a 20% Layoff, and a Stock at 50x Revenue

Jason Lemkin, GP @ SaaStr

Cloudflare hit $2.8B annualized revenue with 36% growth and a 50x multiple, driven by AI agent traffic (2M developers added in one quarter), worker platform adoption, and new pool-of-funds contract models; the company also cut 20% of staff while accelerating margin expansion and sales productivity.

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Topics: Enterprise Software · Developer Tools · AI Infrastructure

Published by Saastr · their site ↗

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