Latest Quarter
2026-03-31
Cloudflare Inc (NET)
Revenue
$640M
Net Income
-$22.9M
Operating Margin
-9.6%
Free Cash Flow
$324M
Debt / Assets
75.8%
Values are in USD and rounded to the nearest whole number unless noted.
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| Income Statement (Quarterly) | 2026-03-31 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|
| Revenue | 639,755,000 | 479,087,000 | 459,946,000 | 430,082,000 |
| Cost of Revenue | 184,158,000 | 115,576,000 | 108,686,000 | 95,967,000 |
| Gross Profit | 455,597,000 | 363,511,000 | 351,260,000 | 334,115,000 |
| Operating Expenses | ||||
| R&D Expenses | 0 | 0 | 0 | 0 |
| SG&A Expenses | 366,619,000 | 301,669,000 | 265,766,000 | 253,998,000 |
| Operating Expenses | 517,591,000 | 416,758,000 | 385,979,000 | 364,909,000 |
| Operating Income | -61,571,000 | -53,247,000 | -34,719,000 | -30,794,000 |
| Interest Expense | 2,563,000 | 1,443,000 | 1,445,000 | 1,433,000 |
| Income Before Tax | -21,401,000 | -36,759,000 | -10,843,000 | -12,822,000 |
| Income Tax Expense | 1,526,000 | 1,695,000 | 2,005,000 | 2,509,000 |
| Net Income | -22,927,000 | -38,454,000 | -12,848,000 | -15,331,000 |
| Per Share | ||||
| EPS | -0.07 | -0.11 | -0.04 | -0.04 |
| EPS Diluted | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Statement (Annual) | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | 2,167,937,000 | 1,669,626,000 | 1,296,745,000 | 975,241,000 | 656,426,000 |
| Cost of Revenue | 554,351,000 | 378,702,000 | 307,005,000 | 232,610,000 | 147,134,000 |
| Gross Profit | 1,613,586,000 | 1,290,924,000 | 989,740,000 | 742,631,000 | 509,292,000 |
| Operating Expenses | |||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 1,310,128,000 | 1,024,311,000 | 817,082,000 | 645,531,000 | 447,568,000 |
| Operating Expenses | 1,816,882,000 | 1,445,685,000 | 1,175,225,000 | 943,834,000 | 636,976,000 |
| Operating Income | -203,296,000 | -154,761,000 | -185,485,000 | -201,203,000 | -127,684,000 |
| Interest Expense | 8,766,000 | 5,196,000 | 5,872,000 | 4,984,000 | 49,234,000 |
| Income Before Tax | -92,706,000 | -70,871,000 | -177,862,000 | -190,733,000 | -247,976,000 |
| Income Tax Expense | 9,561,000 | 7,929,000 | 6,087,000 | 2,648,000 | 12,333,000 |
| Net Income | -102,267,000 | -78,800,000 | -183,949,000 | -193,381,000 | -260,309,000 |
| Per Share | |||||
| EPS | -0.29 | -0.23 | -0.55 | -0.59 | -0.83 |
| EPS Diluted | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Balance Sheet (Quarterly) | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Cash and Cash Equivalents | 943,536,000 | 147,691,000 | 89,386,000 | 204,178,000 |
| Short Term Investments | 3,157,715,000 | 1,708,228,000 | 1,586,880,000 | 1,445,759,000 |
| Net Receivables | 406,019,000 | 333,321,000 | 259,309,000 | 156,836,000 |
| Inventory | 0 | 0 | 1 | 0 |
| Total Current Assets | 4,644,837,000 | 2,268,997,000 | 1,983,077,000 | 1,887,884,000 |
| Property Plant Equipment | 856,337,000 | 635,799,000 | 461,369,000 | 418,960,000 |
| Goodwill and Intangibles | 268,362,000 | 202,952,000 | 167,611,000 | 180,530,000 |
| Total Assets | 6,036,256,000 | 3,301,162,000 | 2,759,767,000 | 2,587,908,000 |
| Liabilities | ||||
| Account Payables | 84,115,000 | 105,807,000 | 53,727,000 | 35,607,000 |
| Short Term Debt | 1,362,182,000 | 47,626,000 | 38,351,000 | 33,275,000 |
| Total Current Liabilities | 2,350,563,000 | 793,654,000 | 567,084,000 | 397,870,000 |
| Long Term Debt | 2,338,170,000 | 1,415,587,000 | 1,283,362,000 | 1,543,816,000 |
| Total Liabilities | 4,577,133,000 | 2,254,961,000 | 1,996,720,000 | 1,963,944,000 |
| Shareholders Equity | ||||
| Retained Earnings | -1,204,907,000 | -1,102,640,000 | -1,023,840,000 | -839,891,000 |
| Total Shareholders Equity | 1,459,123,000 | 1,046,201,000 | 763,047,000 | 623,964,000 |
| Balance Sheet (Annual) | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Assets | |||||
| Cash and Cash Equivalents | 943,536,000 | 147,691,000 | 89,386,000 | 204,178,000 | 313,777,000 |
| Short Term Investments | 3,157,715,000 | 1,708,228,000 | 1,586,880,000 | 1,445,759,000 | 1,508,066,000 |
| Net Receivables | 406,019,000 | 333,321,000 | 259,309,000 | 156,836,000 | 101,622,000 |
| Inventory | 0 | 0 | 1 | 0 | 0 |
| Total Current Assets | 4,644,837,000 | 2,268,997,000 | 1,983,077,000 | 1,887,884,000 | 1,953,419,000 |
| Property Plant Equipment | 856,337,000 | 635,799,000 | 461,369,000 | 418,960,000 | 314,050,000 |
| Goodwill and Intangibles | 268,362,000 | 202,952,000 | 167,611,000 | 180,530,000 | 24,784,000 |
| Total Assets | 6,036,256,000 | 3,301,162,000 | 2,759,767,000 | 2,587,908,000 | 2,372,071,000 |
| Liabilities | |||||
| Account Payables | 84,115,000 | 105,807,000 | 53,727,000 | 35,607,000 | 26,086,000 |
| Short Term Debt | 1,362,182,000 | 47,626,000 | 38,351,000 | 33,275,000 | 37,292,000 |
| Total Current Liabilities | 2,350,563,000 | 793,654,000 | 567,084,000 | 397,870,000 | 288,565,000 |
| Long Term Debt | 2,338,170,000 | 1,415,587,000 | 1,283,362,000 | 1,543,816,000 | 1,255,914,000 |
| Total Liabilities | 4,577,133,000 | 2,254,961,000 | 1,996,720,000 | 1,963,944,000 | 1,556,273,000 |
| Shareholders Equity | |||||
| Retained Earnings | -1,204,907,000 | -1,102,640,000 | -1,023,840,000 | -839,891,000 | -680,829,000 |
| Total Shareholders Equity | 1,459,123,000 | 1,046,201,000 | 763,047,000 | 623,964,000 | 815,798,000 |
| Cash Flow Statement (Quarterly) | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Operating Activities | ||||
| Net Income | -102,267,000 | -78,800,000 | -183,949,000 | -193,381,000 |
| Depreciation & Amortization | 291,365,000 | 209,503,000 | 197,194,000 | 102,335,000 |
| Stock Based Compensation | 451,454,000 | 338,461,000 | 273,989,000 | 202,777,000 |
| Change in Working Capital | -33,565,000 | -108,922,000 | -64,682,000 | -79,296,000 |
| Operating Cash Flow | 666,871,000 | 380,429,000 | 294,452,000 | 123,595,000 |
| Investing Activities | ||||
| Capital Expenditure | -342,552,000 | -185,037,000 | -134,942,000 | -163,364,000 |
| Investments | -342,552,000 | -185,037,000 | -134,942,000 | -163,364,000 |
| Investing Cash Flow | -1,806,700,000 | -330,224,000 | -186,201,000 | -235,696,000 |
| Financing Activities | ||||
| Debt Repayment | 1,933,455,000 | 0 | -247,695,000 | -16,571,000 |
| Common Stock Issued/Repurchased | 58,558,000 | 32,707,000 | 33,900,000 | 9,997,000 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Financing Cash Flow | 1,939,972,000 | 12,785,000 | -232,231,000 | 6,347,000 |
| Summary | ||||
| Free Cash Flow | 324,319,000 | 195,392,000 | 159,510,000 | -39,769,000 |
| Net Change in Cash | 800,143,000 | 62,990,000 | -125,347,000 | -105,754,000 |
| Cash Flow Statement (Annual) | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | -102,267,000 | -78,800,000 | -183,949,000 | -193,381,000 | -260,309,000 |
| Depreciation & Amortization | 291,365,000 | 209,503,000 | 197,194,000 | 102,335,000 | 66,607,000 |
| Stock Based Compensation | 451,454,000 | 338,461,000 | 273,989,000 | 202,777,000 | 90,136,000 |
| Change in Working Capital | -33,565,000 | -108,922,000 | -64,682,000 | -79,296,000 | 3,390,000 |
| Operating Cash Flow | 666,871,000 | 380,429,000 | 294,452,000 | 123,595,000 | 64,648,000 |
| Investing Activities | |||||
| Capital Expenditure | -342,552,000 | -185,037,000 | -134,942,000 | -163,364,000 | -107,738,000 |
| Investments | -342,552,000 | -185,037,000 | -134,942,000 | -163,364,000 | -92,986,000 |
| Investing Cash Flow | -1,806,700,000 | -330,224,000 | -186,201,000 | -235,696,000 | -709,322,000 |
| Financing Activities | |||||
| Debt Repayment | 1,933,455,000 | 0 | -247,695,000 | -16,571,000 | -370,647,000 |
| Common Stock Issued/Repurchased | 58,558,000 | 32,707,000 | 33,900,000 | 9,997,000 | -189,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Financing Cash Flow | 1,939,972,000 | 12,785,000 | -232,231,000 | 6,347,000 | 847,486,000 |
| Summary | |||||
| Free Cash Flow | 324,319,000 | 195,392,000 | 159,510,000 | -39,769,000 | -43,090,000 |
| Net Change in Cash | 800,143,000 | 62,990,000 | -125,347,000 | -105,754,000 | 202,812,000 |