Cloudflare, Inc. (NET)
NYSE: NET · Real-Time Price · USD
225.90
-2.61 (-1.14%)
At close: Nov 6, 2025, 4:00 PM EST
226.10
+0.20 (0.09%)
After-hours: Nov 6, 2025, 7:59 PM EST
Cloudflare Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | +11 Quarters |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 | Mar '21 Mar 31, 2021 | Dec '20 Dec 31, 2020 | +11 Quarters |
| 562.03 | 512.32 | 479.09 | 459.95 | 430.08 | 401 | 378.6 | 362.47 | 335.6 | 308.49 | 290.18 | 274.7 | 253.86 | 234.52 | 212.17 | 193.6 | 172.35 | 152.43 | 138.06 | 125.93 | Upgrade | |
Revenue Growth (YoY) | 30.68% | 27.76% | 26.54% | 26.89% | 28.15% | 29.98% | 30.47% | 31.95% | 32.20% | 31.54% | 36.77% | 41.89% | 47.29% | 53.85% | 53.68% | 53.74% | 50.97% | 52.85% | 51.29% | 50.04% | Upgrade |
Cost of Revenue | 146.32 | 128.68 | 115.58 | 108.69 | 95.97 | 89.01 | 85.04 | 83.28 | 78.07 | 75.22 | 70.43 | 67.79 | 61.97 | 55.8 | 47.05 | 42.5 | 37.53 | 35.03 | 32.08 | 29.07 | Upgrade |
Gross Profit | 415.71 | 383.64 | 363.51 | 351.26 | 334.12 | 311.99 | 293.56 | 279.19 | 257.53 | 233.27 | 219.74 | 206.91 | 191.89 | 178.71 | 165.12 | 151.1 | 134.82 | 117.4 | 105.97 | 96.86 | Upgrade |
Selling, General & Admin | 332.22 | 316.35 | 301.67 | 265.06 | 254 | 244.14 | 245.41 | 225.62 | 206.15 | 199.84 | 185.48 | 173.95 | 161.41 | 168.14 | 135.45 | 130.02 | 114.55 | 104.92 | 97.7 | 80.57 | Upgrade |
Research & Development | 120.96 | 134.56 | 115.09 | 120.21 | 110.91 | 102.55 | 87.7 | 96.4 | 90.59 | 89.61 | 81.54 | 79.7 | 76.43 | 75.11 | 67.05 | 61.76 | 46.77 | 41.35 | 39.53 | 34.76 | Upgrade |
Operating Expenses | 453.17 | 450.9 | 416.76 | 385.28 | 364.91 | 346.68 | 333.11 | 322.02 | 296.75 | 289.45 | 267.02 | 253.66 | 237.84 | 243.25 | 202.5 | 191.78 | 161.32 | 146.27 | 137.23 | 115.32 | Upgrade |
Operating Income | -37.46 | -67.26 | -53.25 | -34.02 | -30.79 | -34.7 | -39.55 | -42.83 | -39.21 | -56.17 | -47.27 | -46.74 | -45.95 | -64.54 | -37.39 | -40.68 | -26.49 | -28.87 | -31.25 | -18.46 | Upgrade |
Interest Expense | -2.91 | -1.52 | -1.44 | -1.45 | -1.43 | -1.22 | -1.1 | -1.07 | -1.14 | -1.54 | -2.13 | -0.88 | -1.51 | -1.04 | -1.56 | -16.11 | -12.45 | -10.44 | -10.23 | -10.06 | Upgrade |
Interest & Investment Income | 42.53 | 25.41 | 21.4 | 21.99 | 22.47 | 21.72 | 21.25 | 20.19 | 17.95 | 16.54 | 13.49 | 8.32 | 3.85 | 1.64 | 1.06 | 0.67 | 0.39 | 0.37 | 0.54 | 0.85 | Upgrade |
Currency Exchange Gain (Loss) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.4 | - | - | - | -0.9 | Upgrade |
Other Non Operating Income (Expenses) | -0.31 | -3.91 | -3.47 | 3.33 | -3.07 | 0.27 | 1.12 | -2.1 | 0.12 | -1.53 | -0.86 | -1.6 | 2.43 | 0.23 | -0.49 | -0.03 | 0.36 | -0.88 | 0.15 | 1.01 | Upgrade |
EBT Excluding Unusual Items | 1.85 | -47.29 | -36.76 | -10.14 | -12.82 | -13.93 | -18.27 | -25.81 | -22.28 | -42.7 | -36.77 | -40.9 | -41.17 | -63.71 | -38.37 | -56.55 | -38.2 | -39.82 | -40.8 | -27.57 | Upgrade |
Merger & Restructuring Charges | - | - | - | -0.7 | - | - | - | - | - | - | - | -3.95 | - | - | -2.64 | -0.38 | - | - | - | -6.28 | Upgrade |
Other Unusual Items | - | - | - | - | - | - | -15 | - | - | -50.3 | - | - | - | - | - | - | -72.23 | - | - | - | Upgrade |
Pretax Income | 1.85 | -47.29 | -36.76 | -10.84 | -12.82 | -13.93 | -33.27 | -25.81 | -22.28 | -93 | -36.77 | -44.85 | -41.17 | -63.71 | -41.01 | -56.93 | -110.43 | -39.82 | -40.8 | -33.84 | Upgrade |
Income Tax Expense | 3.14 | 3.16 | 1.7 | 2.01 | 2.51 | 1.15 | 2.27 | 2.05 | 1.25 | 1.47 | 1.31 | 1.07 | 1.37 | -0.17 | 0.37 | 20.57 | -3.1 | -4.31 | -0.83 | 0.18 | Upgrade |
Net Income | -1.29 | -50.45 | -38.45 | -12.85 | -15.33 | -15.08 | -35.54 | -27.87 | -23.54 | -94.47 | -38.08 | -45.92 | -42.55 | -63.54 | -41.38 | -77.5 | -107.34 | -35.51 | -39.96 | -34.02 | Upgrade |
Net Income to Common | -1.29 | -50.45 | -38.45 | -12.85 | -15.33 | -15.08 | -35.54 | -27.87 | -23.54 | -94.47 | -38.08 | -45.92 | -42.55 | -63.54 | -41.38 | -77.5 | -107.34 | -35.51 | -39.96 | -34.02 | Upgrade |
Shares Outstanding (Basic) | 349 | 347 | 346 | 344 | 342 | 341 | 339 | 337 | 335 | 332 | 330 | 328 | 327 | 325 | 323 | 320 | 315 | 308 | 306 | 304 | Upgrade |
Shares Outstanding (Diluted) | 349 | 347 | 346 | 344 | 342 | 341 | 339 | 337 | 335 | 332 | 330 | 328 | 327 | 325 | 323 | 320 | 315 | 308 | 306 | 304 | Upgrade |
Shares Change (YoY) | 2.03% | 2.01% | 2.11% | 2.21% | 2.30% | 2.51% | 2.48% | 2.51% | 2.47% | 2.18% | 2.18% | 2.50% | 3.83% | 5.49% | 5.68% | 5.44% | 4.26% | 2.99% | 3.33% | 3.19% | Upgrade |
EPS (Basic) | -0.00 | -0.15 | -0.11 | -0.04 | -0.04 | -0.04 | -0.10 | -0.08 | -0.07 | -0.28 | -0.12 | -0.14 | -0.13 | -0.20 | -0.13 | -0.24 | -0.34 | -0.12 | -0.13 | -0.11 | Upgrade |
EPS (Diluted) | -0.00 | -0.15 | -0.11 | -0.04 | -0.04 | -0.04 | -0.10 | -0.08 | -0.07 | -0.28 | -0.12 | -0.14 | -0.13 | -0.20 | -0.13 | -0.24 | -0.34 | -0.12 | -0.13 | -0.11 | Upgrade |
Free Cash Flow | 82.48 | 39.9 | 59.9 | 54.16 | 54.52 | 45.19 | 41.52 | 54.63 | 40.81 | 25.7 | 18.87 | 37.98 | 0.79 | 1.17 | -59.95 | 12.28 | -35.73 | -6.12 | 1.23 | -19.23 | Upgrade |
Free Cash Flow Per Share | 0.24 | 0.12 | 0.17 | 0.16 | 0.16 | 0.13 | 0.12 | 0.16 | 0.12 | 0.08 | 0.06 | 0.12 | 0.00 | 0.00 | -0.18 | 0.04 | -0.11 | -0.02 | 0.00 | -0.06 | Upgrade |
Gross Margin | 73.97% | 74.88% | 75.88% | 76.37% | 77.69% | 77.80% | 77.54% | 77.02% | 76.74% | 75.62% | 75.73% | 75.32% | 75.59% | 76.20% | 77.82% | 78.05% | 78.23% | 77.02% | 76.76% | 76.92% | Upgrade |
Operating Margin | -6.67% | -13.13% | -11.11% | -7.40% | -7.16% | -8.65% | -10.45% | -11.82% | -11.68% | -18.21% | -16.29% | -17.02% | -18.10% | -27.52% | -17.62% | -21.02% | -15.37% | -18.94% | -22.64% | -14.66% | Upgrade |
Profit Margin | -0.23% | -9.85% | -8.03% | -2.79% | -3.56% | -3.76% | -9.39% | -7.69% | -7.01% | -30.62% | -13.12% | -16.71% | -16.76% | -27.09% | -19.50% | -40.03% | -62.28% | -23.30% | -28.95% | -27.02% | Upgrade |
Free Cash Flow Margin | 14.68% | 7.79% | 12.50% | 11.77% | 12.68% | 11.27% | 10.97% | 15.07% | 12.16% | 8.33% | 6.50% | 13.83% | 0.31% | 0.50% | -28.26% | 6.35% | -20.73% | -4.01% | 0.89% | -15.27% | Upgrade |
EBITDA | 4.11 | -29.58 | -18.44 | -4.77 | -5.39 | -10.94 | -14.94 | -12.05 | -10.15 | -27.8 | -21.16 | -22.61 | -23.7 | -44 | -22.17 | -27.8 | -14.66 | -18.15 | -20.94 | -9 | Upgrade |
EBITDA Margin | 0.73% | -5.77% | -3.85% | -1.04% | -1.25% | -2.73% | -3.94% | -3.32% | -3.02% | -9.01% | -7.29% | -8.23% | -9.34% | -18.76% | -10.45% | -14.36% | -8.51% | -11.90% | -15.17% | -7.15% | Upgrade |
D&A For EBITDA | 41.57 | 37.68 | 34.81 | 29.25 | 25.41 | 23.76 | 24.61 | 30.78 | 29.06 | 28.37 | 26.11 | 24.13 | 22.25 | 20.54 | 15.21 | 12.89 | 11.83 | 10.73 | 10.32 | 9.46 | Upgrade |
EBIT | -37.46 | -67.26 | -53.25 | -34.02 | -30.79 | -34.7 | -39.55 | -42.83 | -39.21 | -56.17 | -47.27 | -46.74 | -45.95 | -64.54 | -37.39 | -40.68 | -26.49 | -28.87 | -31.25 | -18.46 | Upgrade |
EBIT Margin | -6.67% | -13.13% | -11.11% | -7.40% | -7.16% | -8.65% | -10.45% | -11.82% | -11.68% | -18.21% | -16.29% | -17.02% | -18.10% | -27.52% | -17.62% | -21.02% | -15.37% | -18.94% | -22.64% | -14.66% | Upgrade |
Effective Tax Rate | 169.73% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | Upgrade |
Updated Oct 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.