Yes: cloudflared version 2025.1.0 (built 2025-01-07-1218 UTC)
Stopping the service makes no difference for the update attempt. Actually, If I recall correctly, when I first ran the command (having the older version installed), the update stopped the service, did the update, and I manually had to restart the service.
I would expect the current version to be displayed similar to what is seen when having performed an update: 2025-01-14T14:02:05Z INF cloudflared has been updated version=2025.1.0