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Cloudflare, Inc. (NET)
NYSE: NET · Real-Time Price · USD
349.02
-9.80 (-2.73%)
At close: Sep 25, 2026, 4:00 PM EDT
349.20
+0.18 (0.05%)
After-hours: Sep 25, 2026, 7:59 PM EDT

Cloudflare Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Net Income
-169.98-22.93-12.08-1.29-50.45-38.45-12.85-15.33-15.08-35.54-27.87-23.54-94.47-38.08-45.92-42.55-63.54-41.38-77.5-107.34
Depreciation & Amortization
56.6649.7144.5941.5737.6834.8129.2525.4123.7624.6130.7829.0628.3726.1124.1322.2520.5415.2112.8911.83
Other Amortization
43.6541.5138.3636.7533.1631.5229.127.0125.7724.623.0122.2121.5120.6719.7618.0716.5215.6329.7125.31
Loss (Gain) From Sale of Investments
-5.87-7.36-8.35-9.56-5.62-6.37-8.1-9.95-11.32-12.71-13.4-11.99-10.82-8.23-3.93-0.131.62.22.352.14
Stock-Based Compensation
159.87114.24123.63109.92122.3895.5494.4988.2685.9969.7274.4273.7768.3957.460.2353.7754.8233.9728.523.05
Provision & Write-off of Bad Debts
3.661.52.214.964.543.272.682.591.553.224.113.494.461.581.691.131.040.970.890.9
Other Operating Activities
12.8914.9817.9517.1617.6115.0117.5812.5410.4111.6914.8611.2261.1810.9310.99.397.818.7327.1745.58
Change in Accounts Receivable
-50.040.77-31.11-50.72-31.0227.74-69.62-5.84-39.9131.31-52.26-28.05-3.28-32.51-24.45-5.92.96-31.03-12.76-9.55
Change in Accounts Payable
18.5-17.313.19-4.080.6-0.8410.81-8.1812.923.076.53-1.35-5.0311.63-10.29-7.496.311.86-3.36-0.95
Change in Unearned Revenue
57.4769.6878.862.3846.8535.7988.0817.2420.669.0453.424.6234.5821.8850.317.4318.481624.2512.42
Change in Other Net Operating Assets
-9.23-86.48-76.77-39.96-75.95-52.22-54.12-29.01-39.95-55.44-28.14-31.33-40.44-34.96-4.3-23.28-28.29-57.638.48-10.31
Operating Cash Flow
117.56158.33190.41167.1299.8145.78127.31104.7374.8273.5885.4468.164.4536.4178.1242.6938.25-35.4740.62-6.92
Operating Cash Flow Growth (YoY)
17.80%8.61%49.57%59.58%33.39%98.13%49.00%53.78%16.08%102.06%9.37%59.53%68.49%-92.34%-413.09%---

Investing Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Capital Expenditures
-49.96-65.23-91.67-84.64-59.9-85.89-88.04-50.2-29.63-32.06-30.82-27.29-38.75-17.54-40.15-41.9-37.08-24.48-28.33-28.81
Cash Acquisitions
-65.96-9.13-37.94--1.61-4.86-8.09-1.04-13.98--6.08-----1.25-82.56-4.38-5.61-
Sale (Purchase) of Intangibles
-11.22-9.03-5.78-7.51-6.62-7.03-6.4-9.25-6.92-5.92-3.91-5.93-5.73-4.97-4.32-5.41-5.58-4.45-3.65-4
Investment in Securities
734.23-75.97-157.48-537.66-725.055.1-64.51-15.93-133.23134.91-60.85-67.0144.5838.0324.5-0.3469.16-77.49-317.21-411.96
Other Investing Activities
1.090.551.150.30.140.240.010.0100.010.010.010.010.050.01-0.020-0
Investing Cash Flow
608.17-158.81-291.72-629.52-793.03-92.44-167.03-76.4-183.7496.95-101.65-100.230.1115.57-19.96-48.89-56.05-110.81-354.8-444.77

Financing Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Total Debt Issued
----2,000--------------1,294
Long-Term Debt Repaid
------------------16.57--
Total Debt Repaid
------------35.4-172.25-----16.57--370.65
Net Debt Issued (Repaid)
----2,000-------35.4-172.25-----16.57-923.1
Issuance of Common Stock
20.195.716.0511.5119.7711.2313.221.4213.654.4212.14.3314.23.318.532.1511.663.0712.415.28
Repurchase of Common Stock
-14.4-15.07-16.07-13.97-10.51-7.71-4.18-3.83-4.36-4.4-2.31-2.26-1.36-2.06-0.51-0.71-0.52-0.75-1.6-0.96
Other Financing Activities
--0.1-3.8-1.12-1.66--1--2.15---1.28-9.21------1.04-107.24
Financing Cash Flow
5.79-9.47-3.83-3.572,0083.528.03-2.417.140.029.79-34.61-168.611.258.021.4411.14-14.259.77820.18

Net Cash Flow

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Net Cash Flow
731.52-9.94-105.14-465.961,31456.87-31.6925.92-101.78170.55-6.42-66.74-104.0553.2366.19-4.76-6.65-160.53-304.4368.49

Free Cash Flow

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Free Cash Flow
67.693.198.7482.4839.959.939.2654.5245.1941.5254.6340.8125.718.8737.980.791.17-59.9512.28-35.73
Free Cash Flow Growth (YoY)
69.44%55.44%151.47%51.28%-11.71%44.25%-28.12%33.61%75.82%120.01%43.83%5052.65%2102.49%-209.19%-----
Free Cash Flow Margin
9.71%14.55%16.07%14.68%7.79%12.50%8.54%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%
Free Cash Flow Per Share
0.190.260.280.240.120.170.110.160.130.120.160.120.080.060.120.000.00-0.180.04-0.11
Levered Free Cash Flow
312.92138.08152.6690.49382.25-239.65110.63100.0361.3270.97126.4556.6135.895.0525.311660.83-25.9834.0721.81
Unlevered Free Cash Flow
312.42137.26152.0289.87382.01-239.74110.5499.9461.0970.67126.1356.2635.4695.2224.715.7860.32-26.1828.4517.25

Additional Metrics

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Cash Interest Paid
00.030.010.020.0100.010.010.060.0100.070.5900.600.590.050.680.77
Cash Income Tax Paid
1.812.341.932.342.471.030.971.281.840.90.451.451.31.260.780.450.120.870.280.32
Change in Working Capital
16.7-33.33-15.89-32.38-59.5210.46-24.85-25.79-46.27-12.01-20.47-36.12-14.17-33.9611.26-19.23-0.54-70.7916.61-8.39
SEC Filings: 10-K · 10-Q