Cloudflare financials
$352.26−0.49%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 |
|---|---|---|---|---|---|---|---|
| Revenue | $2.17B | $1.67B | $1.30B | $975.2M | $656.4M | $431.1M | $287.0M |
| Gross profit | $1.62B | $1.29B | $989.7M | $742.6M | $509.3M | $330.0M | $223.6M |
| Gross margin | 74.5% | 77.3% | 76.3% | 76.1% | 77.6% | 76.6% | 77.9% |
| Operating income | -$207.2M | -$154.8M | -$185.5M | -$201.2M | -$127.7M | -$106.8M | -$107.9M |
| Net income | -$102.3M | -$78.8M | -$183.9M | -$193.4M | -$260.3M | -$119.4M | -$105.8M |
| Net margin | −4.7% | −4.7% | −14.2% | −19.8% | −39.7% | −27.7% | −36.9% |
| Diluted EPS | $-0.29 | $-0.23 | $-0.55 | $-0.59 | $-0.83 | $-0.40 | $-0.72 |
| EBITDA | $84.2M | $50.8M | $11.7M | -$53.8M | -$31.8M | -$40.1M | -$67.6M |
| Operating cash flow | $603.1M | $380.4M | $254.4M | $123.6M | $64.6M | -$17.1M | -$38.9M |
| Free cash flow | $287.5M | $195.4M | $140.0M | -$20.0M | -$28.3M | -$73.5M | -$82.2M |
| Diluted shares | 348.4M | 341.4M | 333.7M | 326.3M | 312.3M | 299.8M | 146.3M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $943.5M | $147.7M | $86.9M | $204.2M | $313.8M | $108.9M |
| Short-term investments | $3.16B | $1.71B | $1.59B | $1.45B | $1.51B | $923.2M |
| Total debt | $3.27B | $1.29B | $1.28B | $1.44B | $1.16B | $383.3M |
| Total assets | $6.04B | $3.30B | $2.76B | $2.59B | $2.37B | $1.38B |
| Total liabilities | $4.58B | $2.25B | $2.00B | $1.96B | $1.56B | $563.7M |
| Shareholders' equity | $1.46B | $1.05B | $763.0M | $624.0M | $811.4M | $816.9M |
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