Name: NET Income Statement - Cloudflare Revenue & EPS | Ledgeburg
Creator: Ledgeburg
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Revenue, Cost of Revenue, Gross Profit, Operating Expenses, Operating Income, Net Income, EPS Basic, EPS Diluted

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NET - Cloudflare, Inc.

USD | NYSE | Technology

NET Income Statement - Cloudflare Revenue & EPS | Ledgeburg

(in millions of USD, except per-share data)	Q1 FY 26	Q4 FY 25	Q3 FY 25	Q2 FY 25	Q1 FY 25	Q4 FY 24	Q3 FY 24	Q2 FY 24	Q1 FY 24	Q4 FY 23	Q3 FY 23	Q2 FY 23	Q1 FY 23	Q4 FY 22	Q3 FY 22	Q2 FY 22	Q1 FY 22	Q4 FY 21	Q3 FY 21	Q2 FY 21	Q1 FY 21	Q4 FY 20	Q3 FY 20	Q2 FY 20	Q1 FY 20	Q4 FY 19	Q3 FY 19	Q2 FY 19	Q1 FY 19	Q3 FY 18
Revenues
Revenues	639.8	614.5	562.0	512.3	479.1	459.9	430.1	401.0	378.6	362.5	335.6	308.5	290.2	274.7	253.9	234.5

Source: SEC EDGAR company filings. Figures as reported (US GAAP)

(in millions of USD, except per-share data)	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
Revenues
Revenues	2,328.6	2,167.9	1,669.6	1,296.7	975.2	656.4	431.1	287.0	192.7	134.9
Cost of Revenue	621.1	552.5	378.7	307.0	232.6	147.1	101.1	63.4	43.5	28.8
Gross Profit	1,707.5	1,615.4	1,290.9	989.7	742.6	509.3	330.0	223.6	149.1	106.1
Operating Expenses
Research & Development	548.4	512.5	421.4	358.1	298.3	189.4	127.1	90.7	54.5	33.7
Selling General & Administrative	-	-	-
Operating Income
Operating Income	(216.0)	(207.2)	(154.8)	(185.5)	(201.2)	(127.7)	(106.8)	(107.9)	(84.9)	(9.7)
Non-Operating
Interest Income	-	-	-	-	-	-	-	-	-	-
Interest Expense	9.9	8.8	5.2	5.9
Tax & Net
Income Tax Expense	9.4	9.6	7.9	6.1	2.6	12.3	(5.6)	1.1	1.1	1.0
Net Income From Continuing Ops	(86.7)	(102.3)	(78.8)
Per Share
EPS Basic	(0.25)	(0.29)	(0.23)	(0.55)	(0.59)	(0.83)	(0.40)	(0.72)	-	-
EPS Diluted	(0.25)	(0.29)	(0.23)	(0.55)
Supplementary Data
EBITDA	(10.6)	(17.5)	(27.0)	(49.7)	(98.9)	(61.1)	(57.4)	(78.5)	(66.0)	2.4
EBIT	(216.0)	(207.2)	(154.8)	(185.5)

Source: SEC EDGAR company filings. Figures as reported (US GAAP)

Operating Expenses
Research & Development	151.0	141.9	121.0	134.6	115.1	120.2	110.9	102.5	87.7	96.4	90.6	89.6	81.5	79.7	76.4	75.1	67.1	61.8	46.8	41.3	39.5	34.8	30.9	28.1	33.4	26.3	27.9	18.9	17.6	14.8
Selling General & Administrative	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling & Marketing	271.6	251.1	236.3	219.4	214.0	192.0	185.2	174.5	194.1	165.2	150.2	146.7	137.0	132.1	116.0	117.6	100.1
General & Administrative	95.0	108.8	95.9	97.0	87.7	73.8	68.8	69.6	66.3	60.4	55.9	53.1	48.5	45.9	45.4	50.5	38.0
Depreciation & Amortization	57.8	63.7	43.7	40.1	42.2	43.4	27.9	26.3	30.1	46.9	29.0	28.4	31.5	40.4	21.9	20.0
Amortization of Intangibles	7.2	4.4	3.7	3.7	3.2	3.0	2.4	2.0	5.3	5.3	4.9	4.9	4.9	4.9	4.9	4.9	0.5
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Operating Expenses	517.6	501.8	453.2	450.9	416.8	386.0	364.9	346.7	348.1	322.0	296.7	289.4	267.0	257.6	237.8	243.3

Operating Income
Operating Income	(62.0)	(49.2)	(37.5)	(67.3)	(53.2)	(34.7)	(30.8)	(34.7)	(54.6)	(42.8)	(39.2)	(56.2)	(47.3)	(50.7)	(45.9)	(64.5)	(40.0)	(41.1)	(26.5)	(28.9)	(31.3)	(24.7)	(21.3)	(24.7)	(36.1)	(29.9)	(41.1)	(19.8)	(17.1)	(36.5)

Non-Operating
Interest Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	2.6	2.9	2.9	1.5	1.4	1.4	1.4	1.2	1.1	1.1	1.1	1.5	2.1	0.9	1.5	1.0	1.6	16.1
Income From Equity Investments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Non-Operating Income	40.6	38.7	39.3	20.0	16.5	23.9	18.0	20.8	21.3	17.0	16.9	(36.8)	10.5	5.8	4.8	0.8	(1.0)
Pre-Tax Income	(21.4)	(10.5)	1.9	(47.3)	(36.8)	(10.8)	(12.8)	(13.9)	(33.3)	(25.8)	(22.3)	(93.0)	(36.8)	(44.8)	(41.2)	(63.7)

Tax & Net
Income Tax Expense	1.5	1.6	3.1	3.2	1.7	2.0	2.5	1.1	2.3	2.1	1.3	1.5	1.3	1.1	1.4	(0.2)	0.4	20.6	(3.1)	(4.3)	(0.8)	0.2	(3.5)	(1.9)	(0.3)	0.6	(0.2)	0.4	0.3	0.4
Net Income From Continuing Ops	(22.9)	(12.1)	(1.3)	(50.4)	(38.5)	(12.8)	(15.3)	(15.1)	(35.5)	(27.9)	(23.5)	(94.5)	(38.1)	(45.9)	(42.5)	(63.5)	(41.4)
Net Income From Discontinued Ops	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income	(22.9)	(12.1)	(1.3)	(50.4)	(38.5)	(12.8)	(15.3)	(15.1)	(35.5)	(27.9)	(23.5)	(94.5)	(38.1)	(45.9)	(42.5)	(63.5)	(41.4)
Net Income Attributable To Parent	(22.9)	(12.1)	(1.3)	(50.4)	(38.5)	(12.8)	(15.3)	(15.1)	(35.5)	(27.9)	(23.5)	(94.5)	(38.1)	(45.9)	(42.5)	(63.5)
Less: Minority Interest	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Preferred Dividends	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income To Common Shareholders	(22.9)	(12.1)	(1.3)	(50.4)	(38.5)	(12.8)	(15.3)	(15.1)	(35.5)	(27.9)	(23.5)	(94.5)	(38.1)	(45.9)	(42.5)

Per Share
EPS Basic	(0.07)	-	0.00	(0.15)	(0.11)	-	(0.04)	(0.04)	(0.10)	-	(0.07)	(0.28)	(0.12)	-	(0.13)	(0.20)	(0.13)	-	(0.34)	(0.12)	(0.13)	-	(0.09)	(0.09)	-	-	-	-	-	-
EPS Diluted	(0.07)	-	0.00	(0.15)	(0.11)	-	(0.04)	(0.04)	(0.10)	-	(0.07)	(0.28)	(0.12)	-	(0.13)	(0.20)	(0.13)	-
Shares Basic	352.6	-	349.3	347.5	345.7	-	342.4	340.6	338.6	-	334.7	332.3	330.4	-	326.6	325.2	323.3	-
Shares Diluted	352.6	-	349.3	347.5	345.7	-	342.4	340.6	338.6	-	334.7	332.3	330.4	-	326.6	325.2	323.3	-

Supplementary Data
EBITDA	(4.2)	14.5	6.2	(27.2)	(11.0)	8.7	(2.9)	(8.4)	(24.4)	4.1	(10.2)	(27.8)	(15.8)	(10.3)	(24.0)	(44.5)	(20.0)	(20.9)	(10.4)	(13.8)	(16.0)	(8.8)	(9.2)	(13.9)	(25.5)	(21.3)	(33.4)	(12.8)	(11.0)	(31.5)
EBIT	(62.0)	(49.2)	(37.5)	(67.3)	(53.2)	(34.7)	(30.8)	(34.7)	(54.6)	(42.8)	(39.2)	(56.2)	(47.3)	(50.7)	(45.9)	(64.5)	(40.0)	(41.1)	(26.5)