Cloudflare Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	1,297	975.24	656.43	431.06	287.02	192.67	134.92	84.79
Revenue Growth (YoY)	32.97%	48.57%	52.28%	50.18%	48.97%	42.81%	59.11%	-
Cost of Revenue	307.01	232.61	147.13	101.06	63.42	43.54	28.79	23.96
Gross Profit	989.74	742.63	509.29	330	223.6	149.14	106.13	60.83
Selling, General & Admin	817.08	645.53	447.57	309.63	240.88	179.57	82.21	54.2
Research & Development	358.14	298.3	189.41	127.14	90.67	54.46	33.65	23.66
Operating Expenses	1,175	943.83	636.98	436.77	331.55	234.04	115.86	77.86
Operating Income	-185.49	-201.2	-127.68	-106.77	-107.95	-84.9	-9.73	-17.03
Interest Expense / Income	5.87	4.98	49.23	24.96	1.11	0.99	0.86	0.65
Other Expense / Income	-13.5	-15.45	71.06	-6.76	-4.35	0.2	-0.88	-0.42
Pretax Income	-177.86	-190.73	-247.98	-124.97	-104.71	-86.09	-9.72	-17.27
Income Tax	6.09	2.65	12.33	-5.6	1.12	1.08	1.03	0.07
Net Income	-183.95	-193.38	-260.31	-119.37	-105.83	-87.16	-10.75	-17.33
Shares Outstanding (Basic)	334	326	312	300	146	81	77	76
Shares Outstanding (Diluted)	334	326	312	300	146	81	77	76
Shares Change	2.24%	4.49%	4.19%	104.90%	80.67%	4.97%	1.88%	-
EPS (Basic)	-0.55	-0.59	-0.83	-0.40	-0.72	-1.08	-0.14	-0.23
EPS (Diluted)	-0.55	-0.59	-0.83	-0.40	-0.72	-1.08	-0.14	-0.23
Free Cash Flow	119.46	-39.77	-43.09	-92.09	-96.2	-78.12	-19.81	-31.88
Free Cash Flow Per Share	0.36	-0.12	-0.14	-0.31	-0.66	-0.96	-0.26	-0.42
Gross Margin	76.32%	76.15%	77.59%	76.56%	77.90%	77.40%	78.66%	71.74%
Operating Margin	-14.30%	-20.63%	-19.45%	-24.77%	-37.61%	-44.06%	-7.21%	-20.08%
Profit Margin	-14.19%	-19.83%	-39.66%	-27.69%	-36.87%	-45.24%	-7.97%	-20.44%
Free Cash Flow Margin	9.21%	-4.08%	-6.56%	-21.36%	-33.52%	-40.55%	-14.68%	-37.59%
EBITDA	8.62	-47.08	-107.04	-30.86	-74.12	-66.19	3.32	-8.26
EBITDA Margin	0.66%	-4.83%	-16.31%	-7.16%	-25.82%	-34.35%	2.46%	-9.74%
Depreciation & Amortization	180.61	138.67	91.7	69.15	29.48	18.91	12.17	8.36
EBIT	-171.99	-185.75	-198.74	-100.01	-103.6	-85.1	-8.85	-16.61
EBIT Margin	-13.26%	-19.05%	-30.28%	-23.20%	-36.10%	-44.17%	-6.56%	-19.59%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).