Cloudflare, Inc. (NET)
NYSE: NET · Real-Time Price · USD
278.92
-5.59 (-1.96%)
At close: Sep 4, 2026, 4:00 PM EDT
277.65
-1.27 (-0.46%)
After-hours: Sep 4, 2026, 7:59 PM EDT
Cloudflare Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | -206.28 | -102.27 | -78.8 | -183.95 | -193.38 | -260.31 |
Depreciation & Amortization | 192.52 | 158.64 | 103.02 | 114.32 | 82.14 | 45.76 |
Other Amortization | 160.26 | 139.79 | 106.48 | 87.39 | 69.97 | 96.29 |
Loss (Gain) From Sale of Investments | -31.14 | -29.9 | -42.08 | -44.44 | -0.26 | 8.36 |
Stock-Based Compensation | 507.66 | 451.45 | 338.46 | 273.99 | 202.78 | 90.14 |
Provision & Write-off of Bad Debts | 12.33 | 14.99 | 10.04 | 13.64 | 4.83 | 3.8 |
Other Operating Activities | 62.97 | 67.72 | 52.23 | 98.19 | 36.82 | 77.22 |
Change in Accounts Receivable | -131.1 | -85.1 | -84.05 | -116.11 | -58.41 | -38.39 |
Change in Accounts Payable | 10.32 | 8.86 | 18.63 | 11.78 | -9.61 | 2.46 |
Change in Unearned Revenue | 268.32 | 223.82 | 135.01 | 134.47 | 102.2 | 64.39 |
Change in Other Net Operating Assets | -212.43 | -244.9 | -178.51 | -134.87 | -113.49 | -25.07 |
Operating Cash Flow | 633.43 | 603.11 | 380.43 | 254.41 | 123.6 | 64.65 |
Operating Cash Flow Growth | 32.62% | 58.54% | 49.54% | 105.84% | 91.18% | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -291.51 | -322.1 | -199.93 | -120.48 | -143.61 | -92.99 |
Cash Acquisitions | -113.04 | -44.4 | -23.1 | - | -88.19 | -5.61 |
Sale (Purchase) of Intangibles | -33.53 | -26.94 | -28.48 | -20.55 | -19.76 | -14.75 |
Investment in Securities | -36.88 | -1,415 | -78.76 | -45.25 | 15.82 | -596.03 |
Other Investing Activities | 3.08 | 1.83 | 0.04 | 0.07 | 0.04 | 0.05 |
Investing Cash Flow | -471.87 | -1,807 | -330.22 | -186.2 | -235.7 | -709.32 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Issued | - | 2,000 | - | - | - | 1,294 |
Long-Term Debt Repaid | - | - | - | -207.65 | -16.57 | -370.65 |
Total Debt Repaid | - | - | - | -207.65 | -16.57 | -370.65 |
Net Debt Issued (Repaid) | - | 2,000 | - | -207.65 | -16.57 | 923.1 |
Issuance of Common Stock | 53.45 | 58.56 | 32.71 | 33.93 | 25.4 | 36.48 |
Repurchase of Common Stock | -59.51 | -48.25 | -16.77 | -7.99 | -2.49 | -3.82 |
Other Financing Activities | -5.02 | -6.58 | -3.15 | -10.48 | - | -108.28 |
Financing Cash Flow | -11.08 | 2,004 | 12.79 | -192.19 | 6.35 | 847.49 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Cash Flow | 150.48 | 800.14 | 62.99 | -123.98 | -105.75 | 202.81 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 341.92 | 281.01 | 180.5 | 133.93 | -20.01 | -28.34 |
Free Cash Flow Growth | 76.63% | 55.68% | 34.78% | - | - | - |
Free Cash Flow Margin | 13.61% | 12.96% | 10.81% | 10.33% | -2.05% | -4.32% |
Free Cash Flow Per Share | 0.97 | 0.81 | 0.53 | 0.40 | -0.06 | -0.09 |
Levered Free Cash Flow | 691.95 | 383.34 | 342.95 | 307.83 | 74.51 | 105.57 |
Unlevered Free Cash Flow | 689.36 | 381.75 | 342.24 | 306.98 | 72.97 | 90.17 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 0.05 | 0.03 | 0.08 | 0.67 | 1.24 | 3.63 |
Cash Income Tax Paid | 8.42 | 7.77 | 5 | 4.45 | 2.22 | 1.55 |
Change in Working Capital | -64.9 | -97.32 | -108.92 | -104.73 | -79.3 | 3.39 |