Cloudflare $NET

Information Technology · Internet Services & Infrastructure

$291.47
-6.11 (-2.05%)
As of Oct 20, 2026, 4:10 PM EDT
Price history
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Cloudflare (NET) is trading down at $291.47 (-2.05%), as of the latest quote. It is a Russell 1000 constituent in the Information Technology sector.

IPO: September 13, 2019 · $15.00 offering · NYSE · View IPO details →

Cloudflare revenue & net income history (FY2017–FY2025)

RevenueNet incomeNet margin (right axis, %)
$2.17B$953.8M−$260.3MFY2017 revenue: $134.9MFY2017 net income: −$10.7M · Net margin −8.0%'17FY2018 revenue: $192.7MFY2018 net income: −$87.2M · Net margin −45.2%'18FY2019 revenue: $287.0MFY2019 net income: −$105.8M · Net margin −36.9%'19FY2020 revenue: $431.1MFY2020 net income: −$119.4M · Net margin −27.7%'20FY2021 revenue: $656.4MFY2021 net income: −$260.3M · Net margin −39.7%'21FY2022 revenue: $975.2MFY2022 net income: −$193.4M · Net margin −19.8%'22FY2023 revenue: $1.30BFY2023 net income: −$183.9M · Net margin −14.2%'23FY2024 revenue: $1.67BFY2024 net income: −$78.8M · Net margin −4.7%'24FY2025 revenue: $2.17BFY2025 net income: −$102.3M · Net margin −4.7%'25−15.0%0%50%FY2017 net margin: −8.0%FY2018 net margin: −45.2% (off the scale, which stops at −15.0%)FY2019 net margin: −36.9% (off the scale, which stops at −15.0%)FY2020 net margin: −27.7% (off the scale, which stops at −15.0%)FY2021 net margin: −39.7% (off the scale, which stops at −15.0%)FY2022 net margin: −19.8% (off the scale, which stops at −15.0%)FY2023 net margin: −14.2%FY2024 net margin: −4.7%FY2025 net margin: −4.7%
Cloudflare annual financial statements
FY2017Dec 2017FY2018Dec 2018FY2019Dec 2019FY2020Dec 2020FY2021Dec 2021FY2022Dec 2022FY2023Dec 2023FY2024Dec 2024FY2025Dec 2025
Income statement
Revenue$134.9M$192.7M$287.0M$431.1M$656.4M$975.2M$1.30B$1.67B$2.17B
Growth (year over year)—+42.8%+49.0%+50.2%+52.3%+48.6%+33.0%+28.8%+29.8%
Gross profit$106.1M$149.1M$223.6M$330.0M$509.3M$742.6M$989.7M$1.29B$1.62B
Gross margin78.7%77.4%77.9%76.6%77.6%76.1%76.3%77.3%74.5%
Operating income−$9.73M−$84.9M−$107.9M−$106.8M−$127.7M−$201.2M−$185.5M−$154.8M−$207.2M
Operating margin−7.2%−44.1%−37.6%−24.8%−19.5%−20.6%−14.3%−9.3%−9.6%
Net income−$10.7M−$87.2M−$105.8M−$119.4M−$260.3M−$193.4M−$183.9M−$78.8M−$102.3M
Net margin−8.0%−45.2%−36.9%−27.7%−39.7%−19.8%−14.2%−4.7%−4.7%
EPS (diluted)−$0.14−$1.08−$0.72−$0.40−$0.83−$0.59−$0.55−$0.23−$0.29
Balance sheet
Cash and equivalents$26.9M$25.1M$139.0M$108.9M$313.8M$204.2M$86.9M$147.7M$943.5M
Total assets—$298.4M$830.8M$1.38B$2.37B$2.59B$2.76B$3.30B$6.04B
Total liabilities—$80.4M$105.0M$563.7M$1.56B$1.96B$2.00B$2.25B$4.58B
Shareholders' equity−$59.8M−$113.5M$725.8M$816.9M$811.4M$624.0M$763.0M$1.05B$1.46B
Cash flow
Operating cash flow$3.17M−$43.3M−$38.9M−$17.1M$64.6M$123.6M$254.4M$380.4M$603.1M
Capital expenditure$19.0M$25.5M$43.3M$56.4M$93.0M$143.6M$114.4M$185.0M$315.6M
Free cash flow−$15.9M−$68.7M−$82.2M−$73.5M−$28.3M−$20.0M$140.0M$195.4M$287.5M
Share buybacks$16.0K$65.0K$283.0K$157.0K$189.0K$3.00K$34.0K$0$0

From Cloudflare's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →

About Cloudflare

Cloudflare, Inc., is an American technology company headquartered in San Francisco, California, that provides a range of internet services, including content delivery network (CDN) services, cloud cybersecurity, DDoS mitigation, and ICANN-accredited domain registration. The company's services act primarily as a reverse proxy between website visitors and a customer's hosting provider, improving performance and protecting against malicious traffic.

Source: Wikipedia — Cloudflare

Headquarters
San Francisco, California From SEC filings, Oct 2026

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