Cloudflare Financial Statements
NYSE: NETTechnologyComputer Software: Prepackaged SoftwareUSD
At close: Oct 9, 4:03 PM ET · Delayed 15 min
Cloudflare revenue and earnings
In fiscal 2025, Cloudflare generated $2.17 billion in revenue, up 29.8% from fiscal 2024, its 8th consecutive year of revenue growth. Cloudflare reported a net loss of $102.3 million, compared with a loss of $78.8 million a year earlier. Gross margin was 74.5% (down from 77.3%) and operating margin -9.6%.
Diluted earnings per share came in at -$0.29. Over the last 5 fiscal years, NET's revenue has grown at a 38.1% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Cloudflare income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.17B | 1.67B | 1.30B | 975.24M | 656.43M | 431.06M | 287.02M | 192.67M | 134.91M |
| Revenue growth (YoY) | +29.85% | +28.76% | +32.97% | +48.57% | +52.28% | +50.18% | +48.97% | +42.81% | — |
| Cost of Revenue | 552.52M | 378.70M | 307.00M | 232.61M | 147.13M | 101.06M | 63.42M | 43.54M | 28.79M |
| Gross Profit | 1.62B | 1.29B | 989.74M | 742.63M | 509.29M | 330.00M | 223.60M | 149.14M | 106.13M |
| Operating Expenses | 1.82B | 1.45B | 1.18B | 943.83M | 636.98M | 436.77M | 331.55M | 234.04M | 115.86M |
| Research & Development | 512.49M | 421.37M | 358.14M | 298.30M | 189.41M | 127.14M | 90.67M | 54.46M | 33.65M |
| Selling, General & Admin | 1.31B | 1.02B | 817.08M | 645.53M | 447.57M | 309.63M | 240.88M | 179.57M | 82.21M |
| Operating Income | -207.21M | -154.76M | -185.49M | -201.20M | -127.68M | -106.77M | -107.95M | -84.90M | -9.73M |
| Interest Expense | 8.77M | 5.20M | 5.87M | 4.98M | 49.23M | 24.96M | 1.11M | 992.00K | 862.00K |
| Other Income (Expense) | 114.50M | 83.89M | 7.62M | 10.47M | -120.29M | -18.20M | 3.23M | -1.19M | 15.00K |
| Pretax Income | -92.71M | -70.87M | -177.86M | -190.73M | -247.98M | -124.97M | -104.71M | -86.09M | -9.71M |
| Income Tax | 9.56M | 7.93M | 6.09M | 2.65M | 12.33M | -5.60M | 1.11M | 1.08M | 1.03M |
| Net Income | -102.27M | -78.80M | -183.95M | -193.38M | -260.31M | -119.37M | -105.83M | -87.16M | -10.75M |
| Net Income growth (YoY) | — | — | — | — | — | — | — | — | — |
| EPS (Basic) | -0.29 | -0.23 | -0.55 | -0.59 | -0.83 | -0.40 | -0.72 | -1.08 | -0.14 |
| EPS (Diluted) | -0.29 | -0.23 | -0.55 | -0.59 | -0.83 | -0.40 | -0.72 | -1.08 | -0.14 |
| Shares Outstanding (Basic) | 348.42M | 341.41M | 333.66M | 326.33M | 312.32M | 299.77M | 146.31M | 80.98M | 77.15M |
| Shares Outstanding (Diluted) | 348.42M | 341.41M | 333.66M | 326.33M | 312.32M | 299.77M | 146.31M | 80.98M | 77.15M |
| EBITDA | -17.46M | -27.04M | -49.66M | -98.87M | -61.08M | -57.38M | -78.47M | -65.99M | 2.44M |
| Gross Margin | 74.51% | 77.32% | 76.32% | 76.15% | 77.59% | 76.56% | 77.90% | 77.40% | 78.66% |
| Operating Margin | -9.56% | -9.27% | -14.30% | -20.63% | -19.45% | -24.77% | -37.61% | -44.06% | -7.21% |
| Net Margin | -4.72% | -4.72% | -14.19% | -19.83% | -39.66% | -27.69% | -36.87% | -45.24% | -7.97% |
This table shows 9 annual periods of Cloudflare's income statement, from FY 2025 back to FY 2017, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow NET's reporting calendar. What is a income statement?