Cloudflare, Inc. (NET)
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- Incorporated DE
- Fiscal year ends Dec 31
In fiscal 2025, Cloudflare, Inc. reported revenue of $2.17B, up 29.8% from the prior year. The company ran a net loss, with a net margin of -4.7% and a gross margin of 74.5%. It held $6.04B in total assets against $4.58B in total liabilities.
Key ratios (FY2025)
74.5%
Gross margin
-9.6%
Operating margin
-4.7%
Net margin
-7.0%
Return on equity
+29.8%
Revenue growth (YoY)
| Metric (FY) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.17B | $1.67B | $1.30B | $975.24M | $656.43M | $431.06M | $287.02M | $192.67M | $134.91M | — |
| Cost of Revenue | $552.52M | $378.70M | $307.00M | $232.61M | $147.13M | $101.06M | $63.42M | $43.54M | $28.79M | — |
| Gross Profit | $1.62B | $1.29B | $989.74M | $742.63M | $509.29M | $330.00M | $223.60M | $149.14M | $106.13M | — |
| Operating Income | -$207.21M | -$154.76M | -$185.49M | -$201.20M | -$127.68M | -$106.77M | -$107.95M | -$84.90M | -$9.73M | — |
| Net Income | -$102.27M | -$78.80M | -$183.95M | -$193.38M | -$260.31M | -$119.37M | -$105.83M | -$87.16M | -$10.75M | — |
| EPS (Diluted) | $-0.29 | $-0.23 | $-0.55 | $-0.59 | $-0.83 | $-0.40 | $-0.72 | — | — | — |
| Total Assets | $6.04B | $3.30B | $2.76B | $2.59B | $2.37B | $1.38B | $830.82M | $298.38M | — | — |
| Total Liabilities | $4.58B | $2.25B | $2.00B | $1.96B | $1.56B | $563.71M | $105.00M | $80.36M | — | — |
| Shareholders' Equity | $1.46B | $1.05B | $763.05M | $623.96M | $811.36M | $816.94M | $725.83M | -$113.50M | -$59.83M | -$53.39M |
| Cash & Equivalents | $943.54M | $147.69M | $86.86M | $204.18M | $313.78M | $108.89M | $138.98M | $25.05M | — | — |
| Operating Cash Flow | $603.11M | $380.43M | $254.41M | $123.59M | $64.65M | -$17.13M | -$38.92M | -$43.28M | $3.17M | — |
| Capital Expenditures | $315.62M | $185.04M | $114.40M | $143.61M | $92.99M | $56.38M | $43.29M | $25.47M | $19.03M | — |
| Shares Outstanding | 348.42M | 341.41M | 333.66M | 326.33M | 312.32M | 299.77M | 146.31M | — | — | — |