Financial Statements · From SEC 10-K & 10-Q XBRL Filings
Cloudflare Inc. Revenue & Financial Statements
Cloudflare Inc. reported revenue of $2.2B for the fiscal year ended December 31, 2025, up 29.8% year over year, with net income of $(102.3M) and diluted EPS of $-0.29.
- Company
- Cloudflare Inc. NET · NYSE
- Latest fiscal year
- FY ended Dec 31, 2025
- Statements
- Income · Balance Sheet · Cash Flow — 5 fiscal years, 8 quarters
Income Statement
Annual, as reported in 10-K filings. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | 656.4M | 975.2M | 1.3B | 1.7B | 2.2B |
| Cost of revenue | 147.1M | 232.6M | 307.0M | 378.7M | 552.5M |
| Gross profit | 509.3M | 742.6M | 989.7M | 1.3B | 1.6B |
| Operating income | (127.7M) | (201.2M) | (185.5M) | (154.8M) | (207.2M) |
| Pretax income | (273.0M) | (219.6M) | (210.5M) | (125.3M) | 50.7M |
| Net income | (260.3M) | (193.4M) | (183.9M) | (78.8M) | (102.3M) |
| Diluted EPS | -0.83 | -0.59 | -0.55 | -0.23 | -0.29 |
| EBITDA | (65.4M) | (116.4M) | (72.1M) | (44.9M) | (17.5M) |
Quarterly
| USD | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 378.6M | 401.0M | 430.1M | 459.9M | 479.1M | 512.3M | 562.0M | 614.5M |
| Cost of revenue | 85.0M | 89.0M | 96.0M | 108.7M | 115.6M | 128.7M | 146.3M | 162.0M |
| Gross profit | 293.6M | 312.0M | 334.1M | 351.3M | 363.5M | 383.6M | 415.7M | 452.6M |
| Operating income | (54.5M) | (34.7M) | (30.8M) | (34.7M) | (53.2M) | (67.3M) | (37.5M) | (49.2M) |
| Pretax income | (33.3M) | (13.9M) | (12.8M) | (10.8M) | (36.8M) | (47.3M) | 1.9M | (10.5M) |
| Net income | (35.5M) | (15.1M) | (15.3M) | (12.8M) | (38.5M) | (50.4M) | (1.3M) | (12.1M) |
| Diluted EPS | -0.10 | -0.04 | -0.04 | -0.04 | -0.11 | -0.15 | 0.00 | -0.03 |
| EBITDA | (30.4M) | (8.4M) | (2.9M) | (3.1M) | (16.1M) | (27.2M) | 6.2M | 3.4M |
Balance Sheet
Fiscal year-end snapshots. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Total assets | 2.4B | 2.6B | 2.8B | 3.3B | 6.0B |
| Current assets | 2.0B | 1.9B | 2.0B | 2.3B | 4.6B |
| Cash & equivalents | 313.8M | 204.2M | 86.9M | 147.7M | 943.5M |
| Total liabilities | 1.6B | 2.0B | 2.0B | 2.3B | 4.6B |
| Current liabilities | 288.6M | 397.9M | 567.1M | 793.7M | 2.4B |
| Long-term debt | — | — | — | — | — |
| Total debt | — | — | — | — | — |
| Stockholders’ equity | 811.4M | 624.0M | 763.0M | 1.0B | 1.5B |
| Net debt | — | — | — | — | — |
Cash Flow Statement
Annual, as reported in 10-K filings. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Operating cash flow | 64.6M | 123.6M | 254.4M | 380.4M | 603.1M |
| Investing cash flow | (709.3M) | (235.7M) | (186.2M) | (330.2M) | (1.8B) |
| Financing cash flow | 847.5M | 6.3M | (192.2M) | 12.8M | 2.0B |
| Capital expenditure | 93.0M | 143.6M | 114.4M | 185.0M | 315.6M |
| Free cash flow | (28.3M) | (20.0M) | 140.0M | 195.4M | 287.5M |
| Dividends paid | — | — | — | — | — |
| Stock-based compensation | 90.1M | 202.8M | 274.0M | 338.5M | 451.5M |
Figures are parsed from SEC XBRL company facts and may be derived where issuers report year-to-date values (quarterly figures differenced; Q4 computed as FY minus Q3). Fiscal periods follow each company's fiscal calendar, not calendar years. Historical fact, not investment advice — verify with official SEC filings.
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