Skip to main content
logo
Cloudflare, Inc. (NET)
NYSE: NET · Real-Time Price · USD
315.78
-15.05 (-4.55%)
At close: Aug 14, 2026, 4:00 PM EDT
315.45
-0.33 (-0.10%)
After-hours: Aug 14, 2026, 7:59 PM EDT

Cloudflare Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
2,5122,1681,6701,297975.24656.43
Revenue Growth
33.53%29.85%28.75%32.97%48.57%52.28%
Gross Profit
1,8231,6151,291989.74742.63509.29
Operating Income
-197.57-201.09-139.06-185.49-197.26-127.3
Net Income
-206.28-102.27-78.8-183.95-193.38-260.31
Earnings Per Share
-0.59-0.29-0.23-0.55-0.59-0.83
EPS Growth
------

Revenue by Segment
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
United States
1,2561,073849.5678.18515.72342.58
EMEA
684.05598.62466.5356.57258.29172.13
Asia Pacific
379.31329.76223.23168.83133.3596.54
Other Geographic
192.5166.56130.3993.1767.8845.18
Revenue (Total)
2,5122,1681,6701,297975.24656.43

Cash & Debt
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
4,1634,1011,8561,6741,6501,822
Total Debt
3,5293,5181,4631,4351,5771,293
Net Cash (Debt)
633.45582.92392.71238.5472.85528.64
Net Cash Growth
27.30%48.44%64.63%227.46%-86.22%-12.45%
Net Cash Per Share
1.801.671.150.710.221.69

Cash Flow & CapEx
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
633.43603.11380.43254.41123.664.65
Capital Expenditures
-291.51-322.1-199.93-120.48-143.61-92.99
Free Cash Flow
341.92281.01180.5133.93-20.01-28.34
Free Cash Flow Growth
76.63%55.68%34.78%---

Margins
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
72.58%74.51%77.32%76.33%76.15%77.59%
Operating Margin
-7.86%-9.28%-8.33%-14.30%-20.23%-19.39%
Pretax Margin
-7.88%-4.28%-4.24%-13.72%-19.56%-37.78%
Profit Margin
-8.21%-4.72%-4.72%-14.19%-19.83%-39.66%
FCF Margin
13.61%12.96%10.81%10.33%-2.05%-4.32%

Valuation
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Forward PE
213.77176.23137.82161.73286.04-
P/FCF Ratio
328.86245.75204.74208.74--
PS Ratio
44.7631.8522.1321.5615.2364.45