Cloudflare financials
$352.26−0.49%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $696.1M | $639.8M | $614.5M | $562.0M | $512.3M | $479.1M | $459.9M | $430.1M | $401.0M | $378.6M | $362.5M | $335.6M |
| Gross profit | $499.5M | $455.6M | $452.6M | $415.7M | $383.6M | $363.5M | $351.3M | $334.1M | $312.0M | $293.6M | $279.2M | $257.5M |
| Gross margin | 71.8% | 71.2% | 73.6% | 74.0% | 74.9% | 75.9% | 76.4% | 77.7% | 77.8% | 77.5% | 77.0% | 76.7% |
| Operating income | -$205.7M | -$62.0M | -$49.2M | -$37.5M | -$67.3M | -$53.2M | -$34.7M | -$30.8M | -$34.7M | -$54.5M | -$42.8M | -$39.2M |
| Net income | -$170.0M | -$22.9M | -$12.1M | -$1.3M | -$50.4M | -$38.5M | -$12.8M | -$15.3M | -$15.1M | -$35.5M | -$27.9M | -$23.5M |
| Net margin | −24.4% | −3.6% | −2.0% | −0.2% | −9.8% | −8.0% | −2.8% | −3.6% | −3.8% | −9.4% | −7.7% | −7.0% |
| Diluted EPS | $-0.48 | $-0.07 | $-0.03 | $0.00 | $-0.15 | $-0.11 | $-0.04 | $-0.04 | $-0.04 | $-0.10 | $-0.08 | $-0.07 |
| EBITDA | -$20.6M | $26.8M | $31.3M | $85.7M | -$44.9M | $12.1M | $22.6M | $57.6M | -$23.1M | -$6.3M | -$42.8M | $11.0M |
| Operating cash flow | $117.6M | $158.3M | $190.4M | $167.1M | $99.8M | $145.8M | $127.3M | $104.7M | $74.8M | $73.6M | $85.4M | $68.1M |
| Free cash flow | $67.6M | $93.1M | $105.2M | $82.5M | $39.9M | $59.9M | $54.2M | $54.5M | $45.2M | $41.5M | $54.6M | $40.8M |
| Diluted shares | 354.3M | 352.6M | 351.2M | 349.3M | 347.5M | 345.7M | 344.1M | 342.4M | 340.6M | 338.6M | 337.3M | 334.7M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.66B | $932.2M | $943.5M | $1.05B | $1.52B | $204.5M |
| Short-term investments | $2.50B | $3.23B | $3.16B | $2.99B | $2.44B | $1.71B |
| Total debt | $3.27B | $3.27B | $3.27B | $3.26B | $3.26B | $1.29B |
| Total assets | $6.47B | $6.16B | $6.04B | $5.79B | $5.56B | $3.72B |
| Total liabilities | $4.85B | $4.64B | $4.58B | $4.44B | $4.32B | $2.30B |
| Shareholders' equity | $1.62B | $1.53B | $1.46B | $1.35B | $1.24B | $1.43B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology