Cloudflare, Inc. (NET) Financial Statements

Cloudflare, Inc.

NET · NYSE

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Total Revenue	$2.17B	$1.67B	$1.30B	$975.24M	$656.43M	$431.06M	$287.02M	$192.67M
Cost of Revenue	$552.52M	$378.70M	$307.00M	$232.61M	$147.13M	$101.06M	$63.42M	$43.54M
Gross Profit	$1.62B	$1.29B	$989.74M	$742.63M	$509.29M	$330.00M	$223.60M	$149.14M
Research & Development	$512.49M	$421.37M	$358.14M	$298.30M	$189.41M	$127.14M	$90.67M	$54.46M
Selling, General & Administrative	$389.31M	$278.52M	$217.97M	$179.77M	$119.50M	$91.75M	$81.58M	$85.18M
Operating Expenses	$1.82B	$1.45B	$1.18B	$943.83M	$636.98M	$436.77M	$331.55M	$234.04M
Operating Income	-$207.21M	-$154.76M	-$185.49M	-$201.20M	-$127.68M	-$106.77M	-$107.95M	-$84.90M
Interest Expense	—	—	$5.87M	$4.98M	$49.23M	$24.96M	$1.11M	$992.00K
Other Income / (Expense)	$114.50M	$83.89M	$7.62M	$10.47M	-$120.29M	-$18.20M	$3.23M	-$1.19M
Income Before Taxes	-$92.71M	-$70.87M	-$177.86M	-$190.73M	-$247.98M	-$124.97M	-$104.71M	-$86.09M
Provision for Income Taxes	$9.56M	$7.93M	$6.09M	$2.65M	$12.33M	-$5.60M	$1.11M	$1.08M
Net Income	-$102.27M	-$78.80M	-$183.95M	-$193.38M	-$260.31M	-$119.37M	-$105.83M	-$87.16M
Basic EPS	-$0.29	-$0.23	-$0.55	-$0.59	-$0.83	-$0.40	-$0.72	—
Diluted EPS	-$0.29	-$0.23	-$0.55	-$0.59	-$0.83	-$0.40	-$0.72	—
Basic Shares Outstanding	348.42M	341.41M	333.66M	326.33M	312.32M	299.77M	146.31M	—
Diluted Shares Outstanding	348.42M	341.41M	333.66M	326.33M	312.32M	299.77M	146.31M	—

Analyst Estimates

Period	Consensus EPS	Low	High	Estimates	Revisions
Dec 2026	$0.03	-$0.06	$0.11	12	↑0 ↓0
Dec 2027	$0.29	-$0.10	$0.67	11	↑0 ↓0
Dec 2028	$0.49	-$0.08	$1.06	2	↑0 ↓0

Forward estimates are the sell-side consensus reported by Nasdaq, not a metir forecast.

Symbol: NET
Type: Stock
Sector: Technology
Industry: Computer Software: Prepackaged Software
Country: North America
Exchange: NYSE

Cloudflare, Inc. (NYSE: NET) is the leading connectivity cloud company. It empowers organizations to make their employees, applications and networks faster and more secure everywhere, while reducing complexity and cost. Cloudflare's connectivity cloud delivers the most full-featured, unified platform of cloud-native products and developer tools, so any organization can gain the control they need to work, develop, and accelerate their business. Powered by one of the world's largest and most interconnected networks, Cloudflare blocks billions of threats online for its customers every day. It is trusted by millions of organizations - from the largest brands to entrepreneurs and small businesses to nonprofits, humanitarian groups, and governments across the globe.

Analyst Consensus

See all

Buy

29 analysts

$298

Current

—

Low

$288

Average

—

High

Average target implies -3.33% versus the current price.

Earnings History

BeatMissNo estimate

Peers

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