Cloudflare, Inc.
Cloudflare, Inc. (NET) Financial Performance & Income Statement Overview
Analyze Cloudflare, Inc. (NET) financial statements (income, balance sheet, and cash flow) across both yearly and quarterly periods.
Cloudflare, Inc. (NET) Income Statement & Financial Overview
View the income breakdown for Cloudflare, Inc. NET across both annual and quarterly reports.
| Metric | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|
| Revenue | $479.09M | $459.95M | $430.08M | $401.00M |
| Cost of Revenue | $115.58M | $108.69M | $95.97M | $89.01M |
| Gross Profit | $363.51M | $351.26M | $334.12M | $311.99M |
| Gross Profit Ratio | $0.76 | $0.76 | $0.78 | $0.78 |
| R&D Expenses | $115.09M | $120.21M | $110.91M | $102.55M |
| SG&A Expenses | $301.67M | $265.77M | $254.00M | $243.97M |
| Operating Expenses | $416.76M | $385.98M | $364.91M | $346.52M |
| Total Costs & Expenses | $532.33M | $494.83M | $460.88M | $435.53M |
| Interest Income | $21.40M | $21.99M | $22.47M | $21.71M |
| Interest Expense | $1.44M | $1.45M | $1.43M | $1.22M |
| Depreciation & Amortization | $42.21M | $36.25M | $31.71M | $47.18M |
| EBITDA | $6.89M | $26.85M | $20.32M | $34.47M |
| EBITDA Ratio | $0.01 | $0.06 | $0.05 | $0.09 |
| Operating Income | -$53.25M | -$34.72M | -$30.79M | -$34.54M |
| Operating Income Ratio | -$0.11 | -$0.08 | -$0.07 | -$0.09 |
| Other Income/Expenses (Net) | $16.49M | $23.88M | $17.97M | $20.77M |
| Income Before Tax | -$36.76M | -$10.84M | -$12.82M | -$13.93M |
| Income Before Tax Ratio | -$0.08 | -$0.02 | -$0.03 | -$0.03 |
| Income Tax Expense | $1.70M | $2.005M | $2.51M | $1.15M |
| Net Income | -$38.45M | -$12.85M | -$15.33M | -$15.08M |
| Net Income Ratio | -$0.08 | -$0.03 | -$0.04 | -$0.04 |
| EPS | -$0.11 | -$0.04 | -$0.04 | -$0.04 |
| Diluted EPS | -$0.11 | -$0.04 | -$0.04 | -$0.04 |
| Weighted Avg Shares Outstanding | $345.72M | $344.003M | $342.36M | $340.65M |
| Weighted Avg Shares Outstanding (Diluted) | $345.72M | $344.003M | $342.36M | $340.65M |
Over the past four quarters, Cloudflare, Inc. demonstrated steady revenue growth, increasing from $401.00M in Q2 2024 to $479.09M in Q1 2025. Operating income reached -$53.25M in Q1 2025, maintaining a consistent -11% margin over recent quarters. Despite fluctuations in R&D and SG&A expenses, EBITDA remained robust at $6.89M, reflecting operational efficiency. Net income dropped to -$38.45M, with EPS at -$0.11. Disciplined expense management helped sustain profitability, highlighting solid overall financial performance.
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