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Income Statement
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Balance Sheet
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Cashflow Statement
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Profitability
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Ratios
Cloudflare's Income Statement
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Revenue |
|
$656.43 M | $975.24 M | $1.30 B | $1.67 B | $2.17 B |
| Cost of Revenue |
|
$147.13 M | $232.61 M | $307.01 M | $378.70 M | $552.53 M |
| Gross Profit |
|
$509.29 M | $742.63 M | $989.74 M | $1.29 B | $1.62 B |
| Research & Development |
|
$210.31 M | $346.12 M | $423.54 M | $421.37 M | $512.49 M |
| Selling,General & Administrative |
|
$447.19 M | $645.27 M | $817.08 M | $1.02 B | $1.31 B |
| Operating Expense |
|
$657.50 M | $991.39 M | $1.24 B | $1.45 B | $1.82 B |
| Operating Income |
|
-$148.20 M | -$248.76 M | -$250.89 M | -$154.76 M | -$207.21 M |
| Net Income |
|
-$260.31 M | -$193.38 M | -$183.95 M | -$78.80 M | -$102.27 M |
Cloudflare's Assets vs Liabilities & Equity
Cloudflare's Balance Sheet
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents |
|
$1.82 B | $1.65 B | $1.67 B | $1.86 B | $4.10 B |
| Inventories |
|
- | - | - | - | - |
| Total Current Assets |
|
$1.95 B | $1.89 B | $1.98 B | $2.27 B | $4.64 B |
| Property,Plant and Equipment |
|
$314.05 M | $418.96 M | $461.37 M | $635.80 M | $856.34 M |
| Goodwill |
|
$23.53 M | $148.05 M | $148.05 M | $181.09 M | $226.56 M |
| Total Assets |
|
$2.37 B | $2.59 B | $2.76 B | $3.30 B | $6.04 B |
| Total Liabilities |
|
$1.56 B | $1.96 B | $2.00 B | $2.25 B | $4.58 B |
| Retained Earnings |
|
-$680.83 M | -$839.89 M | -$1.02 B | -$1.10 B | -$1.20 B |
| Total Shareholder Equity |
|
$815.80 M | $623.96 M | $763.05 M | $1.05 B | $1.46 B |
| Common Stock |
|
$321.00 K | $328.00 K | $337.00 K | $344.00 K | $351.00 K |
Cloudflare's Cash flow
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Depreciation & Amortization |
|
$66.61 M | $102.34 M | $135.82 M | $209.50 M | $159.85 M |
| Dividends Payout |
|
- | - | - | - | - |
| Capital Expenditures (Capex) |
|
-$107.74 M | -$163.36 M | -$134.94 M | -$185.04 M | -$315.62 M |
| Free Cash Flow (FCF) |
|
-$43.09 M | -$39.77 M | $119.46 M | $195.39 M | $287.50 M |
Cloudflare's Profitability
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Gross Profit |
|
$509.29 M | $742.63 M | $989.74 M | $1.29 B | $1.62 B |
| Gross Profit Margin (%) |
|
77.59% | 76.15% | 76.32% | 77.32% | 74.43% |
| Operating Income |
|
-$148.20 M | -$248.76 M | -$250.89 M | -$154.76 M | -$207.21 M |
| Operating Income Margin (%) |
|
-22.58% | -25.51% | -19.35% | -9.27% | -9.38% |
| Net Income |
|
-$260.31 M | -$193.38 M | -$183.95 M | -$78.80 M | -$102.27 M |
| Net Income Margin (%) |
|
-39.66% | -19.83% | -14.19% | -4.72% | -4.72% |
| EBITDA |
|
-$125.18 M | -$92.13 M | -$42.62 M | $62.05 M | -$207.21 M |
| EBITDA Margin (%) |
|
-19.07% | -9.45% | -3.29% | 3.72% | 9.57% |
Cloudflare's Ratios
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) |
|
-31.91% | -30.99% | -24.11% | -7.53% | - |
| Return on Assets (ROA) |
|
-10.97% | -7.47% | -6.67% | -2.39% | - |
| Debt to Equity |
|
158.52% | 252.75% | 188.09% | 139.86% | 253.60% |
| Debt to total asset |
|
54.52% | 60.94% | 52.00% | 44.32% | 61.30% |
| Enterprise value to revenue |
|
64.06 | 16.54 | 22.46 | 22.81 | 0.00 |
| Enterprise value to EBITDA |
|
-335.93 | -175.03 | -683.51 | 578.10 | 0.00 |
| Enterprise value |
|
$42.05 B | $16.13 B | $29.13 B | $38.08 B | - |
| Tax Rate (%) |
|
3.19% | 20.17% | 24.38% | -11.19% | -10.31% |
Frequently Asked Questions
