Cloudflare, Inc.
NETNYSE
$302.01
Last price · USD
- Market cap
- $105.2B
- P/E
- —
- EV / EBITDA
- 1020.6x
- P/S
- 48.5x
- FCF yield
- 0.3%
- Div. yield
- 0.00%
Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.
Cloudflare, Inc. income statement
Annual · USD millions except per-share data · 27 lines
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 | CAGR | |
|---|---|---|---|---|---|---|---|
| Revenue & gross profit | |||||||
| Revenue | 2,168 | 1,670 | 1,297 | 975 | 656 | +34.8% | |
| Cost of revenue | 553 | 379 | 307 | 233 | 147 | +39.2% | |
| Gross profit | 1,615 | 1,291 | 990 | 743 | 509 | +33.5% | |
| Operating expenses & income | |||||||
| Research & development | 512 | 421 | 358 | 298 | 189 | +28.3% | |
| General & administrative | 389 | 279 | 218 | 180 | 120 | +34.3% | |
| Selling & marketing | 921 | 746 | 599 | 466 | 328 | +29.4% | |
| SG&A (combined) | 1,310 | 1,024 | 817 | 646 | 448 | +30.8% | |
| Total operating expenses | 1,823 | 1,446 | 1,175 | 944 | 637 | +30.1% | |
| Cost and expenses | 2,375 | 1,824 | 1,482 | 1,176 | 784 | +31.9% | |
| Operating income | (207) | (155) | (185) | (201) | (128) | — | |
| Non-operating & other | |||||||
| Interest income | 131 | 87 | 68 | 15 | 2 | +185.7% | |
| Interest expense | 9 | 5 | 6 | 5 | 49 | -35.0% | |
| Net interest income | 122 | 82 | 62 | 10 | (47) | — | |
| Non-operating income (excl. interest) | (123) | (89) | (13) | (15) | 71 | — | |
| Total other income (expenses), net | 114 | 84 | 8 | 10 | (120) | — | |
| Profitability | |||||||
| Depreciation & amortization | 190 | 128 | 136 | 102 | 67 | +29.9% | |
| Income before tax | (93) | (71) | (178) | (191) | (248) | — | |
| Income tax expense | 10 | 8 | 6 | 3 | 12 | -6.2% | |
| Net income from continuing operations | (102) | (79) | (184) | (193) | (260) | — | |
| Net income | (102) | (79) | (184) | (193) | (260) | — | |
| Bottom line net income | (102) | (79) | (184) | (193) | (260) | — | |
| Additional fields | |||||||
| Ebit | (84) | (66) | (172) | (186) | (199) | — | |
| Ebitda | 106 | 62 | (36) | (83) | (132) | — | |
| Eps | (0.29) | (0.23) | (0.55) | (0.59) | (0.83) | — | |
| Eps Diluted | (0.29) | (0.23) | (0.55) | (0.59) | (0.83) | — | |
| Weighted Average Shs Out | 348 | 341 | 334 | 326 | 312 | +2.8% | |
| Weighted Average Shs Out Dil | 348 | 341 | 334 | 326 | 312 | +2.8% | |