Skip to main content
logo
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 Income Statement

Millions USD. Fiscal year is Jan - Dec.
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
Revenue
696.06639.76614.51562.03512.32479.09459.95430.08401378.6362.47335.6308.49290.18274.7253.86234.52212.17193.6172.35
Revenue Growth (YoY)
35.87%33.54%33.60%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%
Cost of Revenue
196.54184.16161.96146.32128.68115.58108.6995.9789.0185.0483.2878.0775.2270.4367.7961.9755.847.0542.537.53
Gross Profit
499.52455.6452.55415.71383.64363.51351.26334.12311.99293.56279.19257.53233.27219.74206.91191.89178.71165.12151.1134.82
Selling, General & Admin
392.95366.62350.89332.22312.51301.67265.06254244.14245.41225.62206.15199.84185.48173.95161.41168.14135.45130.02114.55
Research & Development
159.49150.97141.89120.96134.56115.09120.21110.91102.5587.796.490.5989.6181.5479.776.4375.1167.0561.7646.77
Operating Expenses
552.44517.59492.78453.17447.06416.76385.28364.91346.68333.11322.02296.75289.45267.02253.66237.84243.25202.5191.78161.32
Operating Income
-52.92-61.99-40.23-37.46-63.42-53.25-34.02-30.79-34.7-39.55-42.83-39.21-56.17-47.27-46.74-45.95-64.54-37.39-40.68-26.49
Interest Expense
-3.09-2.56-2.89-2.91-1.52-1.44-1.45-1.43-1.22-1.1-1.07-1.14-1.54-2.13-0.88-1.51-1.04-1.56-16.11-12.45
Interest & Investment Income
39.9340.1741.8942.5325.4121.421.9922.4721.7221.2520.1917.9516.5413.498.323.851.641.060.670.39
Currency Exchange Gain (Loss)
-------------------0.4-
Other Non Operating Income (Expenses)
0.912.99-0.27-0.31-3.91-3.473.33-3.070.271.12-2.10.12-1.53-0.86-1.62.430.23-0.49-0.030.36
EBT Excluding Unusual Items
-15.17-21.4-1.51.85-43.45-36.76-10.14-12.82-13.93-18.27-25.81-22.28-42.7-36.77-40.9-41.17-63.71-38.37-56.55-38.2
Merger & Restructuring Charges
-152.77--3.91----0.7--------3.95---2.64-0.38-
Asset Writedown
---5.1--3.84---------------
Other Unusual Items
----------15---50.3-------72.23
Pretax Income
-167.94-21.4-10.511.85-47.29-36.76-10.84-12.82-13.93-33.27-25.81-22.28-93-36.77-44.85-41.17-63.71-41.01-56.93-110.43
Income Tax Expense
2.041.531.573.143.161.72.012.511.152.272.051.251.471.311.071.37-0.170.3720.57-3.1
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
Net Income to Common
-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
Net Income Growth (YoY)
--------------------
Shares Outstanding (Basic)
354353351349347346344342341339337335332330328327325323320315
Shares Outstanding (Diluted)
354353351349347346344342341339337335332330328327325323320315
Shares Change (YoY)
1.97%2.00%2.06%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%
EPS (Basic)
-0.48-0.07-0.03-0.00-0.15-0.11-0.04-0.04-0.04-0.10-0.08-0.07-0.28-0.12-0.14-0.13-0.20-0.13-0.24-0.34
EPS (Diluted)
-0.48-0.07-0.03-0.00-0.15-0.11-0.04-0.04-0.04-0.10-0.08-0.07-0.28-0.12-0.14-0.13-0.20-0.13-0.24-0.34
EPS Growth (YoY)
--------------------

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
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 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
Gross Margin
71.76%71.21%73.64%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%
Operating Margin
-7.60%-9.69%-6.55%-6.67%-12.38%-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%
Profit Margin
-24.42%-3.58%-1.97%-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%
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%
EBITDA
3.73-12.284.364.11-25.74-18.44-4.77-5.39-10.94-14.94-12.05-10.15-27.8-21.16-22.61-23.7-44-22.17-27.8-14.66
EBITDA Margin
0.54%-1.92%0.71%0.73%-5.03%-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%
D&A For EBITDA
56.6649.7144.5941.5737.6834.8129.2525.4123.7624.6130.7829.0628.3726.1124.1322.2520.5415.2112.8911.83
EBIT
-52.92-61.99-40.23-37.46-63.42-53.25-34.02-30.79-34.7-39.55-42.83-39.21-56.17-47.27-46.74-45.95-64.54-37.39-40.68-26.49
EBIT Margin
-7.60%-9.69%-6.55%-6.67%-12.38%-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%
Effective Tax Rate
---169.73%----------------
SEC Filings: 10-K · 10-Q