NET
Cloudflare, Inc.
NYSE · USTechnologySoftware - Infrastructure
$272.36-1.91%
Price as of Jul 20, 2026
NET financials
Cloudflare, Inc. financial statements
Annual and quarterly income statement, balance sheet and cash-flow history. On small screens, start with four periods and expand the table when needed.
| Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | $2.2B | $1.7B | $1.3B | $975.2M |
| Cost of revenue | $552.5M | $378.7M | $307.0M | $232.6M |
| Gross profit | $1.6B | $1.3B | $989.7M | $742.6M |
| Operating expenses | $1.8B | $1.4B | $1.2B | $943.8M |
| Operating income | -$207.2M | -$154.8M | -$185.5M | -$201.2M |
| Net income | -$102.3M | -$78.8M | -$183.9M | -$193.4M |
| EBITDA | $105.8M | $62.0M | -$36.2M | -$83.4M |
| Basic EPS | $-0.29 | $-0.23 | $-0.55 | $-0.59 |
| Diluted EPS | $-0.29 | $-0.23 | $-0.55 | $-0.59 |
| Balance sheet | ||||
| Cash & equivalents | $943.5M | $147.7M | $86.9M | $204.2M |
| Total assets | $6.0B | $3.3B | $2.8B | $2.6B |
| Total liabilities | $4.6B | $2.3B | $2.0B | $2.0B |
| Stockholders’ equity | $1.5B | $1.0B | $763.0M | $624.0M |
| Total debt | $3.7B | $1.5B | $1.4B | $1.6B |
| Net debt | $2.8B | $1.3B | $1.3B | $1.4B |
| Cash flow | ||||
| Operating cash flow | $666.9M | $380.4M | $254.4M | $123.6M |
| Capital expenditure | -$342.6M | -$185.0M | -$134.9M | -$163.4M |
| Free cash flow | $324.3M | $195.4M | $119.5M | -$39.8M |
| Dividends paid | $0.00 | $0.00 | $0.00 | $0.00 |
| Share repurchases | $0.00 | $0.00 | -$34.0K | -$3.0K |