Income Statement Cloudflare, Inc.

Equities

NET

US18915M1071

IT Services & Consulting

Market Closed - Nyse Other stock markets 21:00:02 08/07/2025 BST			5-day change	1st Jan Change
192.81 ^USD	-0.02%		+4.25%	+79.06%

07-02	Cloudflare Insider Sold Shares Worth $2,909,059, According to a Recent SEC Filing	MT
07-02	PRESS DIGEST- New York Times business news - July 2	RE

08.gRBItVq308S5V3BT7mtH9PL98V6oPZRHJ9UJOvBGGiM.810-zS-Bm_zxFBU8mj0_loPEizGeDvgia6RFQLsMN2_xJH3cFPaWiPQjFw

Published financial data: CLOUDFLARE, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	431M	656M	975M	1.3B	1.67B
Total Revenues	431M	656M	975M	1.3B	1.67B
Cost of Goods Sold, Total	101M	147M	233M	307M	379M
Gross Profit	330M	509M	743M	990M	1.29B
Selling General & Admin Expenses, Total	303M	447M	642M	817M	1.01B
R&D Expenses	127M	189M	298M	358M	421M
Other Operating Expenses, Total	430M	637M	940M	1.18B	1.43B
Operating Income	-100M	-127M	-197M	-185M	-139M
Interest Expense, Total	-24.96M	-49.23M	-4.98M	-5.87M	-5.2M
Interest And Investment Income	6.59M	1.97M	14.88M	68.17M	87.43M
Net Interest Expenses	-18.38M	-47.26M	9.89M	62.3M	82.23M
Currency Exchange Gains (Loss)	-900K	-400K	2M	-	-
Other Non Operating Income (Expenses)	1.07M	-394K	-1.42M	-4.37M	1.66M
EBT, Excl. Unusual Items	-119M	-175M	-187M	-128M	-55.17M
Merger & Related Restructuring Charges	-6.28M	-380K	-3.95M	-	-702K
Other Unusual Items	-	-72.23M	-	-50.3M	-15M
EBT, Incl. Unusual Items	-125M	-248M	-191M	-178M	-70.87M
Income Tax Expense	-5.6M	12.33M	2.65M	6.09M	7.93M
Earnings From Continuing Operations	-119M	-260M	-193M	-184M	-78.8M
Net Income to Company	-119M	-260M	-193M	-184M	-78.8M
Net Income - (IS)	-119M	-260M	-193M	-184M	-78.8M
Net Income to Common Incl Extra Items	-119M	-260M	-193M	-184M	-78.8M
Net Income to Common Excl. Extra Items	-119M	-260M	-193M	-184M	-78.8M
Per Share Items
Net EPS - Basic	-0.4	-0.83	-0.59	-0.55	-0.23
Basic EPS - Continuing Operations	-0.4	-0.83	-0.59	-0.55	-0.23
Basic Weighted Average Shares Outstanding	300M	312M	326M	334M	341M
Net EPS - Diluted	-0.4	-0.83	-0.59	-0.55	-0.23
Diluted EPS - Continuing Operations	-0.4	-0.83	-0.59	-0.55	-0.23
Diluted Weighted Average Shares Outstanding	300M	312M	326M	334M	341M
Normalized Basic EPS	-0.25	-0.35	-0.36	-0.24	-0.1
Normalized Diluted EPS	-0.25	-0.35	-0.36	-0.24	-0.1
Supplemental Items
EBITDA	-66.8M	-81.5M	-115M	-71.16M	-36.04M
EBITA	-100M	-127M	-182M	-165M	-126M
EBIT	-100M	-127M	-197M	-185M	-139M
EBITDAR	-50.09M	-57.5M	-78.79M	-26.37M	13.44M
Effective Tax Rate - (Ratio)	4.48	-4.97	-1.39	-3.42	-11.19
Current Domestic Taxes	554K	865K	333K	837K	1.82M
Current Foreign Taxes	769K	2.73M	2.46M	2.99M	4M
Total Current Taxes	1.32M	3.6M	2.79M	3.82M	5.82M
Deferred Domestic Taxes	-781K	-	-1.7M	-	-1.44M
Deferred Foreign Taxes	-6.14M	8.74M	1.56M	2.26M	3.55M
Total Deferred Taxes	-6.93M	8.74M	-140K	2.26M	2.11M
Normalized Net Income	-74.18M	-110M	-117M	-79.73M	-34.48M
Interest on Long-Term Debt	24.34M	49.34M	5.86M	5M	3.96M
Supplemental Operating Expense Items
Advertising Expense	25M	36.2M	43.5M	57.6M	78.6M
Selling and Marketing Expenses	218M	328M	466M	599M	731M
General and Administrative Expenses	85.47M	119M	176M	218M	278M
Research And Development Expense From Footnotes	143M	210M	319M	380M	446M
Net Rental Expense, Total	16.72M	24M	36.33M	44.79M	49.48M
Imputed Operating Lease Interest Expense	15.21M	10.98M	1.01M	1.4M	1.42M
Imputed Operating Lease Depreciation	1.5M	13.02M	35.32M	43.4M	48.06M
Stock-Based Comp., COGS (Total)	1.22M	2.58M	6.25M	7.97M	10.91M
Stock-Based Comp., R&D Exp. (Total)	26.09M	44.2M	103M	132M	144M
Stock-Based Comp., S&M Exp. (Total)	16.02M	27.28M	50.32M	73.68M	91.46M
Stock-Based Comp., G&A Exp. (Total)	13M	16.08M	42.93M	59.92M	92.5M
Total Stock-Based Compensation	56.33M	90.14M	203M	274M	338M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	109M	314M	204M	86.86M	148M
Short Term Investments	927M	1.51B	1.45B	1.59B	1.71B
Total Cash And Short Term Investments	1.04B	1.82B	1.65B	1.67B	1.86B
Accounts Receivable, Total	67.04M	102M	157M	259M	333M
Other Receivables	-	-	37.5M	-	-
Total Receivables	67.04M	102M	194M	259M	333M
Prepaid Expenses	13.69M	29.43M	33.06M	47.5M	75.48M
Restricted Cash	2.59M	2.96M	10.56M	2.52M	4.27M
Other Current Assets, Total	10.3M	-	-	-	-
Total Current Assets	1.13B	1.96B	1.89B	1.98B	2.27B
Gross Property Plant And Equipment	249M	434M	597M	679M	915M
Accumulated Depreciation	-82.61M	-120M	-179M	-218M	-280M
Net Property Plant And Equipment	166M	314M	418M	461M	635M
Goodwill	17.17M	23.53M	148M	148M	181M
Other Intangibles, Total	2.8M	1.25M	32.48M	19.56M	21.86M
Deferred Charges Long-Term	44.18M	70.32M	93.14M	133M	172M
Other Long-Term Assets, Total	20.15M	7.49M	8.22M	15.3M	22.02M
Total Assets	1.38B	2.37B	2.59B	2.76B	3.3B
Liabilities
Accounts Payable, Total	14.48M	26.09M	35.61M	53.73M	106M
Accrued Expenses, Total	40.93M	109M	110M	127M	162M
Current Portion of Long-Term Debt	-	12.12M	-	-	-
Current Portion of Leases	17.72M	25.18M	33.28M	38.35M	47.63M
Current Income Taxes Payable	-	-	-	-	-
Unearned Revenue Current, Total	54.94M	117M	219M	348M	478M
Other Current Liabilities	13.3M	-	-	-	-
Total Current Liabilities	141M	289M	398M	567M	794M
Long-Term Debt	383M	1.15B	1.44B	1.28B	1.29B
Long-Term Leases	27.31M	109M	108M	113M	128M
Unearned Revenue Non Current	1.89M	4.68M	11.73M	17.24M	22.1M
Other Non Current Liabilities	9.86M	11.55M	10.53M	15.54M	23.62M
Total Liabilities	564M	1.56B	1.96B	2B	2.25B
Preferred Stock Convertible	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	304K	321K	328K	337K	344K
Additional Paid In Capital	1.24B	1.49B	1.48B	1.78B	2.15B
Retained Earnings	-421M	-681M	-840M	-1.02B	-1.1B
Comprehensive Income and Other	163K	-2.64M	-11.9M	1.98M	-4.25M
Total Common Equity	817M	811M	624M	763M	1.05B
Total Equity	817M	811M	624M	763M	1.05B
Total Liabilities And Equity	1.38B	2.37B	2.59B	2.76B	3.3B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	309M	324M	330M	338M	345M
ECS Total Common Shares Outstanding	309M	324M	330M	338M	345M
Book Value / Share	2.65	2.51	1.89	2.26	3.03
Tangible Book Value	797M	787M	443M	595M	843M
Tangible Book Value Per Share	2.58	2.43	1.34	1.76	2.45
Total Debt	428M	1.29B	1.58B	1.44B	1.46B
Net Debt	-608M	-529M	-72.85M	-239M	-393M
Debt Equivalent Oper. Leases	134M	192M	291M	358M	396M
Account Code - Inventory Valuation	3	3	3	3	3
Buildings, Total	-	-	-	-	-
Machinery, Total	133M	182M	277M	371M	527M
Full Time Employees	1.79K	2.44K	3.22K	3.68K	4.26K
Accumulated Allowance for Doubtful Accounts (Supple)	1.7M	2.64M	3.13M	6M	8.17M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-119M	-260M	-193M	-184M	-78.8M
Depreciation & Amortization - CF	33.69M	45.81M	66.97M	94.32M	90.28M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	15.17M	20M	12.75M
Depreciation & Amortization, Total	33.69M	45.81M	82.14M	114M	103M
Amortization of Deferred Charges, Total - (CF)	54.65M	96.24M	69.97M	87.39M	106M
(Gain) Loss on Sale of Investments - (CF)	1.64M	8.36M	-263K	-44.44M	-42.08M
Stock-Based Compensation (CF)	56.33M	90.14M	203M	274M	338M
Provision and Write-off of Bad Debts	3.37M	3.8M	4.83M	13.64M	10.04M
Other Operating Activities, Total	13.62M	77.22M	36.82M	98.18M	52.23M
Change In Accounts Receivable	-34.48M	-38.39M	-58.41M	-116M	-84.05M
Change In Accounts Payable	1.69M	2.46M	-9.6M	11.78M	18.63M
Change in Unearned Revenues	25.19M	64.39M	102M	134M	135M
Change in Other Net Operating Assets	-53.47M	-25.07M	-113M	-135M	-179M
Cash from Operations	-17.13M	64.65M	124M	254M	380M
Capital Expenditure	-56.38M	-92.99M	-144M	-114M	-185M
Cash Acquisitions	-13.94M	-5.6M	-88.19M	-6.08M	-37.99M
Sale (Purchase) of Intangible assets	-18.59M	-14.75M	-19.76M	-20.55M	-28.48M
Investment in Marketable and Equity Securities, Total	-427M	-596M	15.82M	-45.25M	-78.76M
Other Investing Activities, Total	397K	53K	36K	74K	38K
Cash from Investing	-515M	-709M	-236M	-186M	-330M
Long-Term Debt Issued, Total	575M	1.29B	-	-	-
Total Debt Issued	575M	1.29B	-	-	-
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-67.53M	-371M	-16.57M	-208M	-
Total Debt Repaid	-67.53M	-371M	-16.57M	-208M	-
Issuance of Common Stock	18.62M	36.48M	25.4M	33.93M	32.71M
Repurchase of Common Stock	-8.63M	-3.82M	-2.49M	-7.99M	-16.77M
Issuance of Preferred Stock	-	-	-	-	-
Other Financing Activities, Total	-12.54M	-108M	-	-10.48M	-3.15M
Cash from Financing	505M	847M	6.35M	-192M	12.78M
Net Change in Cash	-27.49M	203M	-106M	-124M	62.99M
Supplemental Items
Cash Interest Paid	2.19M	3.63M	1.24M	670K	75K
Cash Income Tax Paid (Refund)	702K	1.55M	2.22M	4.45M	5M
Levered Free Cash Flow	-12.38M	106M	74.51M	314M	358M
Unlevered Free Cash Flow	-18.41M	90.17M	72.97M	313M	357M
Change In Net Working Capital	3.68M	-91.46M	-9.39M	-92.75M	-114M
Net Debt Issued / Repaid	507M	923M	-16.57M	-208M	-

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	-5.68	-4.24	-4.97	-4.34	-2.87
Return on Total Capital	-6.34	-4.75	-5.73	-5.27	-3.69
Return On Equity %	-15.47	-31.97	-26.95	-26.52	-8.71
Return on Common Equity	-15.47	-31.97	-26.95	-26.52	-8.71
Margin Analysis
Gross Profit Margin %	76.56	77.59	76.15	76.32	77.32
SG&A Margin	70.37	68.12	65.79	63.01	60.41
EBITDA Margin %	-15.5	-12.42	-11.8	-5.49	-2.16
EBITA Margin %	-23.31	-19.39	-18.67	-12.76	-7.57
EBIT Margin %	-23.31	-19.39	-20.23	-14.3	-8.33
Income From Continuing Operations Margin %	-27.69	-39.66	-19.83	-14.19	-4.72
Net Income Margin %	-27.69	-39.66	-19.83	-14.19	-4.72
Net Avail. For Common Margin %	-27.69	-39.66	-19.83	-14.19	-4.72
Normalized Net Income Margin	-17.21	-16.7	-11.97	-6.15	-2.07
Levered Free Cash Flow Margin	-2.87	16.08	7.64	24.21	21.43
Unlevered Free Cash Flow Margin	-4.27	13.74	7.48	24.14	21.39
Asset Turnover
Asset Turnover	0.39	0.35	0.39	0.48	0.55
Fixed Assets Turnover	3.22	2.73	2.67	2.95	3.05
Receivables Turnover (Average Receivables)	8.37	7.78	7.55	6.23	5.63
Short Term Liquidity
Current Ratio	7.99	6.78	4.74	3.5	2.86
Quick Ratio	7.8	6.67	4.64	3.41	2.76
Operating Cash Flow to Current Liabilities	-0.12	0.22	0.31	0.45	0.48
Days Sales Outstanding (Average Receivables)	43.71	46.89	48.37	58.57	64.96
Average Days Payable Outstanding	46.99	50.32	48.4	53.1	77.09
Long Term Solvency
Total Debt/Equity	52.43	159.39	252.75	188.09	139.86
Total Debt / Total Capital	34.4	61.45	71.65	65.29	58.31
LT Debt/Equity	50.26	154.79	247.42	183.06	135.31
Long-Term Debt / Total Capital	32.97	59.68	70.14	63.54	56.41
Total Liabilities / Total Assets	40.83	65.8	75.89	72.35	68.31
EBIT / Interest Expense	-4.03	-2.59	-39.58	-31.59	-26.76
EBITDA / Interest Expense	-2.01	-1.17	-15.81	-4.49	2.59
(EBITDA - Capex) / Interest Expense	-4.26	-3.06	-44.62	-23.97	-33.03
Total Debt / EBITDA	-8.55	-22.49	-20.02	-54.42	108.88
Net Debt / EBITDA	12.14	9.19	0.92	9.04	-29.22
Total Debt / (EBITDA - Capex)	-4.02	-8.59	-7.09	-10.2	-8.53
Net Debt / (EBITDA - Capex)	5.71	3.51	0.33	1.69	2.29
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	50.18	52.28	48.57	32.97	28.76
Gross Profit, 1 Yr. Growth %	47.59	54.33	45.82	33.27	30.43
EBITDA, 1 Yr. Growth %	-21.66	22	41.18	-38.18	-49.36
EBITA, 1 Yr. Growth %	-6.91	26.68	43.03	-9.12	-23.67
EBIT, 1 Yr. Growth %	-6.91	26.68	54.95	-5.97	-25.03
Earnings From Cont. Operations, 1 Yr. Growth %	12.8	118.07	-25.71	-4.88	-57.16
Net Income, 1 Yr. Growth %	12.8	118.07	-25.71	-4.88	-57.16
Normalized Net Income, 1 Yr. Growth %	13.35	47.74	6.51	-31.71	-56.75
Diluted EPS Before Extra, 1 Yr. Growth %	-44.95	109.31	-28.9	-6.97	-58.14
Accounts Receivable, 1 Yr. Growth %	86.58	51.59	54.33	65.34	28.54
Net Property, Plant and Equip., 1 Yr. Growth %	64.38	88.47	33.32	10.14	37.87
Total Assets, 1 Yr. Growth %	66.18	71.81	9.1	6.64	19.62
Tangible Book Value, 1 Yr. Growth %	10.43	-1.3	-43.62	34.28	41.62
Common Equity, 1 Yr. Growth %	12.55	-0.68	-23.1	22.29	37.11
Cash From Operations, 1 Yr. Growth %	-55.99	-477.42	91.18	105.84	49.54
Capital Expenditures, 1 Yr. Growth %	30.23	64.94	54.44	-20.34	61.75
Levered Free Cash Flow, 1 Yr. Growth %	-70.84	-734.96	-29.42	321.3	13.99
Unlevered Free Cash Flow, 1 Yr. Growth %	-55.93	-498.04	-19.08	329.06	14.08
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	49.57	51.23	50.41	40.55	30.84
Gross Profit, 2 Yr. CAGR %	48.75	50.92	50.01	39.4	31.84
EBITDA, 2 Yr. CAGR %	-2.17	-2.24	31.29	-6.58	-44.05
EBITA, 2 Yr. CAGR %	8.79	8.6	34.61	14.01	-16.71
EBIT, 2 Yr. CAGR %	8.79	8.6	40.11	20.71	-16.04
Earnings From Cont. Operations, 2 Yr. CAGR %	17.03	56.84	27.28	-15.94	-36.17
Net Income, 2 Yr. CAGR %	17.03	56.84	27.28	-15.94	-36.17
Normalized Net Income, 2 Yr. CAGR %	17.42	29.41	25.45	-14.71	-45.65
Diluted EPS Before Extra, 2 Yr. CAGR %	-39.18	7.34	21.99	-18.67	-37.59
Accounts Receivable, 2 Yr. CAGR %	58.43	68.18	52.96	59.74	45.78
Net Property, Plant and Equip., 2 Yr. CAGR %	50.82	76.01	58.52	21.18	23.23
Total Assets, 2 Yr. CAGR %	115.11	68.97	36.91	7.86	12.94
Tangible Book Value, 2 Yr. CAGR %	160.17	4.4	-25.41	-12.99	37.9
Common Equity, 2 Yr. CAGR %	168.28	5.73	-12.61	-3.02	29.49
Cash From Operations, 2 Yr. CAGR %	-37.09	28.89	168.62	98.37	75.44
Capital Expenditures, 2 Yr. CAGR %	48.79	46.56	59.6	10.92	13.51
Levered Free Cash Flow, 2 Yr. CAGR %	-11.26	57.68	111.7	72.44	119.15
Unlevered Free Cash Flow, 2 Yr. CAGR %	10.41	46.93	79.47	86.34	121.23
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	47.29	50.47	50.34	44.36	36.5
Gross Profit, 3 Yr. CAGR %	45.96	50.59	49.2	44.21	36.35
EBITDA, 3 Yr. CAGR %	308.22	5.3	10.52	2.14	-23.83
EBITA, 3 Yr. CAGR %	117.77	14.46	19.04	18.09	-0.26
EBIT, 3 Yr. CAGR %	117.77	14.46	22.26	22.67	2.99
Earnings From Cont. Operations, 3 Yr. CAGR %	123.11	44.01	22.26	15.5	-32.86
Net Income, 3 Yr. CAGR %	123.11	44.01	22.26	15.5	-32.86
Normalized Net Income, 3 Yr. CAGR %	130.32	26.76	21.28	2.43	-31.99
Diluted EPS Before Extra, 3 Yr. CAGR %	41.92	-8.17	-6.43	11.45	-34.82
Accounts Receivable, 3 Yr. CAGR %	64.04	56.12	63.43	56.98	48.58
Net Property, Plant and Equip., 3 Yr. CAGR %	47.96	62.45	60.45	40.4	26.51
Total Assets, 3 Yr. CAGR %	103.78	99.58	46.04	25.97	11.65
Tangible Book Value, 3 Yr. CAGR %	131.08	88.34	-14.99	-9.26	2.35
Common Equity, 3 Yr. CAGR %	139.01	92.63	-4.92	-2.25	8.84
Cash From Operations, 3 Yr. CAGR %	75.53	14.31	46.99	145.81	80.54
Capital Expenditures, 3 Yr. CAGR %	43.62	53.99	49.14	26.6	25.78
Levered Free Cash Flow, 3 Yr. CAGR %	-	88.67	20.62	166.28	50.22
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	81.42	20.44	139.98	58.22
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	50.58	48.53	46.42	42.21
Gross Profit, 5 Yr. CAGR %	-	52.96	47.57	46.01	42
EBITDA, 5 Yr. CAGR %	-	56.03	159.3	0.39	-15.82
EBITA, 5 Yr. CAGR %	-	49.53	79.65	14.28	3.19
EBIT, 5 Yr. CAGR %	-	49.53	82.55	16.92	5.2
Earnings From Cont. Operations, 5 Yr. CAGR %	-	71.92	78.24	16.11	-5.73
Net Income, 5 Yr. CAGR %	-	71.92	78.24	16.11	-5.73
Normalized Net Income, 5 Yr. CAGR %	-	58.98	80.63	8.18	-12.03
Diluted EPS Before Extra, 5 Yr. CAGR %	-	29.49	33.58	-12.52	-20.42
Accounts Receivable, 5 Yr. CAGR %	-	-	59.51	57.56	56.13
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	52.09	44.48	44.37
Total Assets, 5 Yr. CAGR %	-	-	73.81	56.03	31.77
Tangible Book Value, 5 Yr. CAGR %	-	-	47.01	38.29	3.16
Common Equity, 5 Yr. CAGR %	-	-	59.82	46.39	7.59
Cash From Operations, 5 Yr. CAGR %	-	37.16	108.1	42.51	57.77
Capital Expenditures, 5 Yr. CAGR %	-	42.37	49.81	35.05	33.71
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	82	53.16
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	83.37	53.6