undamentalytics Newsletter
Sign in

Cloudflare, Inc. income statement

In fiscal 2025, Cloudflare, Inc. reported revenue of $2.17bn, up 29.8% on the year before, operating income of −$207m (a -9.6% margin) and net income of −$102m, or −$0.29 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Revenue1351932874316569751,2971,6702,1682,512
Cost of revenue294463101147233307379553689
Gross profit1061492243305097439901,2911,6151,823
Research and development345491127189298358421512573
Selling and marketing62941592183284665997469211,035
General and administrative20858292120180218279389419
Operating income−10−85−108−107−128−201−185−155−207−354
Interest expense1112549565911
Income before tax−10−86−105−125−248−191−178−71−93−198
Income tax111−612368108
Net income−11−87−106−119−260−193−184−79−102−206
Diluted EPS−$0.07−$0.54−$0.36−$0.40−$0.83−$0.59−$0.55−$0.23−$0.29−$0.59
Diluted shares (average)154m162m293m300m312m326m334m341m348m352m
EBITDA2−66−78−57−61−99−50−27−17−149

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

Compare with peers

Head to head: NET vs RXTNET vs VRSNAKAM vs NET

More: Internet Services & Infrastructure stocks compared, Technology sector, rankings of US companies

Figures from Cloudflare, Inc.'s SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Cloudflare, Inc.