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Cloudflare (NET) Financials

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$112.81 +6.00 (+5.62%)
Closing price 04/23/2025 03:59 PM Eastern
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$113.34 +0.53 (+0.47%)
As of 04/23/2025 07:59 PM Eastern
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Annual Income Statements for Cloudflare

Annual Income Statements for Cloudflare

This table shows Cloudflare's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2017 2018 2019 2020 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders
-11 -87 -106 -119 -260 -193 -184 -79
Consolidated Net Income / (Loss)
-11 -87 -106 -119 -260 -193 -184 -79
Net Income / (Loss) Continuing Operations
-11 -87 -106 -119 -260 -193 -184 -79
Total Pre-Tax Income
-9.72 -86 -105 -125 -248 -191 -178 -71
Total Operating Income
-9.73 -85 -108 -107 -128 -201 -185 -155
Total Gross Profit
106 149 224 330 509 743 990 1,291
Total Revenue
135 193 287 431 656 975 1,297 1,670
Operating Revenue
135 193 287 431 656 975 1,297 1,670
Total Cost of Revenue
29 44 63 101 147 233 307 379
Operating Cost of Revenue
29 44 63 101 147 233 307 379
Total Operating Expenses
116 234 332 437 637 944 1,175 1,446
Selling, General & Admin Expense
20 85 82 92 120 180 218 279
Marketing Expense
62 94 159 218 328 466 599 746
Research & Development Expense
34 54 91 127 189 298 358 421
Total Other Income / (Expense), net
0.02 -1.19 3.23 -18 -120 10 7.62 84
Interest Expense
0.86 0.99 1.11 25 121 4.98 56 5.20
Interest & Investment Income
0.76 1.90 5.79 6.59 1.97 15 68 87
Other Income / (Expense), net
0.12 -2.09 -1.44 0.17 -0.79 0.58 -4.37 1.66
Income Tax Expense
1.03 1.08 1.12 -5.60 12 2.65 6.09 7.93
Basic Earnings per Share
($0.14) ($1.08) ($0.72) ($0.40) ($0.83) ($0.59) ($0.55) ($0.23)
Weighted Average Basic Shares Outstanding
77.15M 80.98M 146.31M 299.77M 312.32M 326.33M 333.66M 341.41M
Diluted Earnings per Share
($0.14) ($1.08) ($0.72) ($0.40) ($0.83) ($0.59) ($0.55) ($0.23)
Weighted Average Diluted Shares Outstanding
77.15M 80.98M 146.31M 299.77M 312.32M 326.33M 333.66M 341.41M
Weighted Average Basic & Diluted Shares Outstanding
77.15M 80.98M 146.31M 299.77M 324.08M 330.32M 337.66M 345.07M

Quarterly Income Statements for Cloudflare

This table shows Cloudflare's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Income / (Loss) Attributable to Common Shareholders
-43 -46 -38 -94 -24 -28 -36 -15 -15 -13
Consolidated Net Income / (Loss)
-43 -46 -38 -94 -24 -28 -36 -15 -15 -13
Net Income / (Loss) Continuing Operations
-43 -46 -38 -94 -24 -28 -36 -15 -15 -13
Total Pre-Tax Income
-41 -45 -37 -93 -22 -26 -33 -14 -13 -11
Total Operating Income
-46 -51 -47 -56 -39 -43 -55 -35 -31 -35
Total Gross Profit
192 207 220 233 258 279 294 312 334 351
Total Revenue
254 275 290 308 336 362 379 401 430 460
Operating Revenue
254 275 290 308 336 362 379 401 430 460
Total Cost of Revenue
62 68 70 75 78 83 85 89 96 109
Operating Cost of Revenue
62 68 70 75 78 83 85 89 96 109
Total Operating Expenses
238 258 267 289 297 322 348 347 365 386
Selling, General & Admin Expense
45 46 48 53 56 60 66 70 69 74
Marketing Expense
116 132 137 147 150 165 194 175 185 192
Research & Development Expense
76 80 82 90 91 96 88 103 111 120
Total Other Income / (Expense), net
4.77 5.85 11 -37 17 17 21 21 18 24
Interest Expense
1.51 0.88 2.13 52 1.14 1.07 1.10 1.22 1.43 1.45
Interest & Investment Income
3.85 8.32 13 17 18 20 21 22 22 22
Other Income / (Expense), net
2.43 -1.60 -0.86 -1.53 0.12 -2.10 1.12 0.27 -3.07 3.33
Income Tax Expense
1.37 1.07 1.31 1.47 1.25 2.05 2.27 1.15 2.51 2.01
Basic Earnings per Share
($0.13) ($0.13) ($0.12) ($0.28) ($0.07) ($0.08) ($0.10) ($0.04) ($0.04) ($0.05)
Weighted Average Basic Shares Outstanding
326.59M 326.33M 330.39M 332.30M 334.67M 333.66M 338.58M 340.65M 342.36M 341.41M
Diluted Earnings per Share
($0.13) ($0.13) ($0.12) ($0.28) ($0.07) ($0.08) ($0.10) ($0.04) ($0.04) ($0.05)
Weighted Average Diluted Shares Outstanding
326.59M 326.33M 330.39M 332.30M 334.67M 333.66M 338.58M 340.65M 342.36M 341.41M
Weighted Average Basic & Diluted Shares Outstanding
328.62M 330.32M 331.91M 334.22M 335.77M 337.66M 339.79M 341.70M 343.19M 345.07M

Annual Cash Flow Statements for Cloudflare

This table details how cash moves in and out of Cloudflare's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2017 2018 2019 2020 2021 2022 2023 2024
Net Change in Cash & Equivalents
13 4.55 114 -27 203 -106 -124 63
Net Cash From Operating Activities
3.17 -43 -39 -17 65 124 254 380
Net Cash From Continuing Operating Activities
3.17 -43 -39 -17 65 124 254 380
Net Income / (Loss) Continuing Operations
-11 -87 -106 -119 -260 -193 -184 -79
Consolidated Net Income / (Loss)
-11 -87 -106 -119 -260 -193 -184 -79
Depreciation Expense
12 19 29 49 67 102 136 128
Amortization Expense
4.29 6.49 9.02 41 84 50 21 40
Non-Cash Adjustments To Reconcile Net Income
-0.26 32 40 78 159 242 380 392
Changes in Operating Assets and Liabilities, net
-2.29 -13 -12 -66 15 -77 -99 -101
Net Cash From Investing Activities
9.54 -121 -418 -515 -709 -236 -186 -330
Net Cash From Continuing Investing Activities
9.54 -121 -418 -515 -709 -236 -186 -330
Purchase of Property, Plant & Equipment
-19 -25 -43 -56 -93 -144 -114 -185
Acquisitions
-4.19 -9.37 -14 -33 -20 -108 -27 -66
Purchase of Investments
-47 -145 -537 -1,267 -1,589 -1,133 -1,878 -1,572
Sale and/or Maturity of Investments
80 59 177 840 993 1,149 1,832 1,493
Other Investing Activities, net
0.03 0.06 0.04 0.40 0.05 0.04 0.07 0.04
Net Cash From Financing Activities
-0.15 169 571 505 847 6.35 -192 13
Net Cash From Continuing Financing Activities
-0.15 169 571 505 847 6.35 -192 13
Repayment of Debt
-5.10 0.00 -0.26 -13 -390 -17 -208 -2.15
Repurchase of Common Equity
-0.02 0.00 -5.55 -0.16 -0.19 -0.00 -0.03 0.00
Issuance of Common Equity
0.00 0.07 571 11 15 15 19 20
Other Financing Activities, net
4.96 19 6.03 -68 -71 7.63 -3.59 -4.86
Cash Interest Paid
0.81 0.79 0.79 2.19 3.63 1.24 0.67 0.08
Cash Income Taxes Paid
0.83 1.30 1.04 0.70 1.55 2.22 4.45 5.00

Quarterly Cash Flow Statements for Cloudflare

This table details how cash moves in and out of Cloudflare's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Change in Cash & Equivalents
-4.76 66 53 -104 -67 -6.42 171 -102 26 -32
Net Cash From Operating Activities
43 78 36 64 68 85 74 75 105 127
Net Cash From Continuing Operating Activities
43 78 36 64 68 85 74 75 105 127
Net Income / (Loss) Continuing Operations
-43 -46 -38 -94 -24 -28 -36 -15 -15 -13
Consolidated Net Income / (Loss)
-43 -46 -38 -94 -24 -28 -36 -15 -15 -13
Depreciation Expense
27 30 32 34 34 36 30 30 32 36
Amortization Expense
13 10 7.04 5.39 4.82 4.21 6.38 8.56 11 14
Non-Cash Adjustments To Reconcile Net Income
64 70 70 134 85 91 84 97 103 108
Changes in Operating Assets and Liabilities, net
-19 14 -34 -14 -33 -18 -12 -46 -25 -18
Net Cash From Investing Activities
-49 -20 16 0.11 -100 -102 97 -184 -76 -167
Net Cash From Continuing Investing Activities
-49 -20 16 0.11 -100 -102 97 -184 -76 -167
Purchase of Property, Plant & Equipment
-42 -40 -18 -39 -27 -31 -32 -30 -50 -73
Acquisitions
-6.65 -4.32 -4.97 -5.73 -5.93 -9.99 -5.92 -21 -10 -29
Purchase of Investments
-333 -378 -476 -319 -498 -584 -299 -492 -397 -385
Sale and/or Maturity of Investments
332 402 514 363 431 524 434 358 381 320
Other Investing Activities, net
- 0.01 0.05 0.01 0.01 0.01 0.01 0.00 0.01 0.01
Net Cash From Financing Activities
1.44 8.02 1.25 -169 -35 9.79 0.02 7.14 -2.41 8.03
Net Cash From Continuing Financing Activities
1.44 8.02 1.25 -169 -35 9.79 0.02 7.14 -2.41 8.03
Issuance of Common Equity
-0.00 6.60 - - - 8.63 - - - 9.34
Other Financing Activities, net
1.44 1.42 1.25 -6.78 0.79 1.16 0.02 -1.16 -2.41 -1.31
Cash Interest Paid
0.00 0.60 0.00 0.59 0.07 0.00 0.01 0.06 0.01 0.01
Cash Income Taxes Paid
0.45 0.78 1.26 1.30 1.45 0.45 0.90 1.84 1.28 0.97

Annual Balance Sheets for Cloudflare

This table presents Cloudflare's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2018 2019 2020 2021 2022 2023 2024
Total Assets
298 831 1,381 2,372 2,588 2,760 3,301
Total Current Assets
197 690 1,130 1,956 1,888 1,983 2,269
Cash & Equivalents
25 139 109 314 204 87 148
Restricted Cash
- 0.00 2.59 2.96 11 2.52 4.27
Short-Term Investments
136 498 923 1,508 1,446 1,587 1,708
Accounts Receivable
25 34 63 96 149 248 317
Prepaid Expenses
9.37 17 28 29 71 48 75
Other Current Assets
1.55 2.06 3.54 6.08 8.29 11 17
Plant, Property, & Equipment, net
73 101 124 184 287 323 467
Total Noncurrent Assets
28 39 127 232 413 454 565
Goodwill
4.08 4.08 17 24 148 148 181
Intangible Assets
0.16 0.03 2.80 1.25 32 20 22
Other Noncurrent Operating Assets
24 35 107 208 233 286 362
Total Liabilities & Shareholders' Equity
298 831 1,381 2,372 2,588 2,760 3,301
Total Liabilities
80 105 564 1,556 1,964 1,997 2,255
Total Current Liabilities
61 84 141 289 398 567 794
Accounts Payable
14 11 14 26 36 54 106
Accrued Expenses
16 28 20 38 68 64 82
Current Deferred Revenue
17 31 55 117 219 348 478
Current Employee Benefit Liabilities
14 13 34 71 42 64 81
Other Current Liabilities
- 0.00 18 25 33 38 48
Total Noncurrent Liabilities
19 21 422 1,268 1,566 1,430 1,461
Long-Term Debt
- 0.00 383 1,147 1,436 1,283 1,287
Noncurrent Deferred Revenue
0.22 0.80 1.89 4.68 12 17 22
Other Noncurrent Operating Liabilities
8.32 9.80 37 116 118 129 152
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
-114 726 817 811 624 763 1,046
Total Preferred & Common Equity
-114 726 817 811 624 763 1,046
Total Common Equity
-114 726 817 811 624 763 1,046
Common Stock
82 1,027 1,237 1,495 1,476 1,785 2,153
Retained Earnings
-196 -302 -421 -681 -840 -1,024 -1,103
Accumulated Other Comprehensive Income / (Loss)
-0.06 0.06 0.16 -2.65 -12 1.98 -4.25

Quarterly Balance Sheets for Cloudflare

This table presents Cloudflare's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Total Assets
2,491 2,668 2,533 2,590 2,802 2,917 3,063
Total Current Assets
1,816 1,954 1,818 1,858 2,016 2,093 2,164
Cash & Equivalents
138 256 159 94 254 157 183
Restricted Cash
11 11 2.80 1.61 5.54 1.00 1.00
Short-Term Investments
1,498 1,459 1,425 1,480 1,462 1,600 1,641
Accounts Receivable
127 180 178 199 213 250 253
Prepaid Expenses
35 41 44 71 70 71 73
Other Current Assets
7.21 8.02 8.67 12 12 13 13
Plant, Property, & Equipment, net
264 298 293 310 329 339 397
Total Noncurrent Assets
411 415 422 422 456 485 502
Goodwill
149 148 148 148 148 156 157
Intangible Assets
37 28 23 18 14 22 19
Other Noncurrent Operating Assets
224 239 251 256 294 307 326
Total Liabilities & Shareholders' Equity
2,491 2,668 2,533 2,590 2,802 2,917 3,063
Total Liabilities
1,897 2,015 1,891 1,891 2,004 2,035 2,090
Total Current Liabilities
339 445 473 478 574 596 642
Accounts Payable
39 55 32 41 48 60 74
Accrued Expenses
55 69 55 56 68 67 69
Current Deferred Revenue
171 239 268 294 356 371 390
Current Employee Benefit Liabilities
45 47 47 52 62 58 66
Other Current Liabilities
29 35 35 35 39 41 43
Total Noncurrent Liabilities
1,557 1,570 1,418 1,413 1,430 1,439 1,448
Long-Term Debt
1,435 1,437 1,281 1,282 1,284 1,285 1,286
Noncurrent Deferred Revenue
8.69 13 19 17 18 24 22
Other Noncurrent Operating Liabilities
114 120 118 113 128 130 140
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
594 653 642 699 797 882 973
Total Preferred & Common Equity
594 653 642 699 797 882 973
Total Common Equity
594 653 642 699 797 882 973
Common Stock
1,405 1,537 1,621 1,699 1,858 1,957 2,047
Retained Earnings
-794 -878 -972 -996 -1,059 -1,074 -1,090
Accumulated Other Comprehensive Income / (Loss)
-17 -6.14 -6.31 -4.15 -0.90 -1.32 16

Annual Metrics and Ratios for Cloudflare

This table displays calculated financial ratios and metrics derived from Cloudflare's official financial filings.

Metric 2017 2018 2019 2020 2021 2022 2023 2024
Growth Metrics
- - - - - - - -
Revenue Growth
0.00% 85.62% 48.97% 50.18% 52.28% 48.57% 32.97% 28.76%
EBITDA Growth
0.00% -1,997.87% -15.09% 76.56% 231.97% -322.47% 33.20% 143.95%
EBIT Growth
0.00% -1,609.46% -51.50% 2.55% -20.53% -56.16% 5.37% 19.36%
NOPAT Growth
0.00% -1,545.10% -54.06% 1.09% -19.59% -57.58% 7.81% 16.56%
Net Income Growth
0.00% -1,421.96% -42.83% -12.80% -118.07% 25.71% 4.88% 57.16%
EPS Growth
0.00% -1,342.86% 66.67% 44.44% -107.50% 28.92% 6.78% 58.18%
Operating Cash Flow Growth
0.00% -2,933.25% 20.17% 55.99% 477.42% 91.18% 105.84% 49.54%
Free Cash Flow Firm Growth
0.00% 0.00% 32.31% -31.80% 47.59% -428.85% 74.31% -110.85%
Invested Capital Growth
0.00% 0.00% 92.07% 66.55% -9.39% 166.46% -7.39% 27.88%
Revenue Q/Q Growth
0.00% 0.00% 0.00% 10.79% 11.49% 9.07% 7.26% 6.20%
EBITDA Q/Q Growth
0.00% 0.00% 0.00% 59.58% -7.07% -47.87% 19.28% 257.56%
EBIT Q/Q Growth
0.00% 0.00% 0.00% 5.10% -15.11% -5.69% 3.73% 8.13%
NOPAT Q/Q Growth
0.00% 0.00% 0.00% 4.65% -14.66% -5.03% 4.07% 4.98%
Net Income Q/Q Growth
0.00% 0.00% 0.00% -5.17% -20.05% 14.04% 8.94% 16.01%
EPS Q/Q Growth
0.00% 0.00% 0.00% -73.91% -18.57% 15.71% 8.33% 11.54%
Operating Cash Flow Q/Q Growth
0.00% 0.00% 17.35% -1.42% 324.81% 43.57% 2.96% 12.37%
Free Cash Flow Firm Q/Q Growth
0.00% 0.00% 0.00% 0.00% 34.41% -16.91% 36.91% -48.05%
Invested Capital Q/Q Growth
0.00% 0.00% 0.00% 12.24% -17.64% 4.61% -8.77% 8.92%
Profitability Metrics
- - - - - - - -
Gross Margin
157.32% 154.81% 77.90% 76.56% 77.59% 76.15% 76.33% 77.32%
EBITDA Margin
10.16% -63.94% -49.40% -3.85% 3.34% -5.00% -2.51% 0.86%
Operating Margin
-14.42% -88.13% -75.22% -24.77% -19.45% -20.63% -14.30% -9.27%
EBIT Margin
-14.25% -90.30% -76.22% -24.73% -19.57% -20.57% -14.64% -9.17%
Profit (Net Income) Margin
-15.93% -90.48% -73.74% -27.69% -39.66% -19.83% -14.19% -4.72%
Tax Burden Percent
221.27% 202.50% 202.13% 95.52% 104.97% 101.39% 103.42% 111.19%
Interest Burden Percent
202.08% 98.96% 191.45% 117.24% 193.01% 95.07% 93.68% 46.29%
Effective Tax Rate
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)
0.00% -174.65% -90.25% -56.42% -56.66% -51.25% -33.73% -25.69%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% -137.66% -164.92% -49.44% -30.70% -39.44% -16.20% -31.80%
Return on Net Nonoperating Assets (RNNOA)
0.00% 94.68% 184.44% 40.95% 24.77% 24.38% 7.21% 16.98%
Return on Equity (ROE)
0.00% -79.96% -44.85% -15.47% -31.89% -26.86% -26.52% -8.71%
Cash Return on Invested Capital (CROIC)
0.00% -374.65% -255.35% -106.36% -46.81% -142.09% -26.06% -50.15%
Operating Return on Assets (OROA)
0.00% -58.31% -38.75% -9.64% -6.85% -8.09% -7.10% -5.05%
Return on Assets (ROA)
0.00% -29.21% -37.49% -10.80% -13.87% -7.80% -6.88% -2.60%
Return on Common Equity (ROCE)
0.00% 41.63% -29.10% -15.47% -31.80% -26.78% -26.52% -8.71%
Return on Equity Simple (ROE_SIMPLE)
0.00% 76.79% -29.16% -14.61% -32.08% -30.99% -24.11% -7.53%
Net Operating Profit after Tax (NOPAT)
-6.81 -59 -76 -75 -89 -141 -130 -108
NOPAT Margin
-10.10% -61.69% -52.65% -17.34% -13.62% -14.44% -10.01% -6.49%
Net Nonoperating Expense Percent (NNEP)
0.00% -36.99% -6.97% -6.99% -25.95% -11.81% -17.53% 6.12%
Return On Investment Capital (ROIC_SIMPLE)
- - - - - -6.84% -6.34% -4.64%
Cost of Revenue to Revenue
42.68% 45.19% 44.19% 23.44% 22.41% 23.85% 23.68% 22.68%
SG&A Expenses to Revenue
30.10% 88.42% 56.84% 21.29% 18.21% 18.43% 16.81% 16.68%
R&D to Revenue
49.88% 56.53% 63.18% 29.50% 28.85% 30.59% 27.62% 25.24%
Operating Expenses to Revenue
171.75% 242.93% 231.02% 101.33% 97.04% 96.78% 90.63% 86.59%
Earnings before Interest and Taxes (EBIT)
-9.62 -87 -109 -107 -128 -201 -190 -153
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
6.85 -62 -71 -17 22 -49 -33 14
Valuation Ratios
- - - - - - - -
Price to Book Value (P/BV)
0.00 0.00 10.51 28.58 52.15 23.81 36.64 35.32
Price to Tangible Book Value (P/TBV)
0.00 0.00 10.57 29.30 53.79 33.50 46.95 43.82
Price to Revenue (P/Rev)
3.89 5.45 17.84 54.17 64.45 15.23 21.56 22.13
Price to Earnings (P/E)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
0.00 10.38 66.28 137.14 277.67 36.61 74.47 76.86
Enterprise Value to Revenue (EV/Rev)
0.00 3.67 22.18 52.66 63.45 15.00 21.26 21.79
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 0.00 0.00 1,899.40 0.00 0.00 2,540.48
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 0.00 0.00 644.23 118.39 108.34 95.63
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency
- - - - - - - -
Debt to Equity
0.00 0.10 0.03 0.47 1.42 2.30 1.68 1.23
Long-Term Debt to Equity
0.00 0.10 0.03 0.47 1.41 2.30 1.68 1.23
Financial Leverage
0.00 -0.69 -0.82 -0.83 -0.81 -0.62 -0.45 -0.53
Leverage Ratio
0.00 2.74 2.39 1.43 2.30 3.45 3.86 3.35
Compound Leverage Factor
0.00 2.71 2.29 1.68 4.44 3.28 3.61 1.55
Debt to Total Capital
0.00% 9.36% 2.85% 31.93% 58.69% 69.71% 62.71% 55.17%
Short-Term Debt to Total Capital
0.00% 0.22% 0.00% 0.00% 0.61% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
0.00% 9.13% 2.85% 31.93% 58.08% 69.71% 62.71% 55.17%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 289.90% 0.00% 0.00% 0.22% 0.00% 0.00% 0.00%
Common Equity to Total Capital
0.00% -49.63% 197.15% 68.07% 41.09% 30.29% 37.29% 44.83%
Debt to EBITDA
0.00 -0.35 -0.15 -23.07 52.86 -29.44 -39.39 89.89
Net Debt to EBITDA
0.00 4.87 17.67 39.21 -30.36 4.60 12.06 -40.00
Long-Term Debt to EBITDA
0.00 -0.34 -0.15 -23.07 52.30 -29.44 -39.39 89.89
Debt to NOPAT
0.00 -0.18 -0.24 -5.13 -12.97 -10.20 -9.88 -11.88
Net Debt to NOPAT
0.00 5.05 16.58 8.72 7.45 1.59 3.03 5.29
Long-Term Debt to NOPAT
0.00 -0.30 -0.24 -5.13 -12.83 -10.20 -9.88 -11.88
Altman Z-Score
0.00 6.46 44.15 25.35 16.85 4.90 8.74 10.25
Noncontrolling Interest Sharing Ratio
0.00% 152.06% 70.25% 0.00% 0.27% 0.31% 0.00% 0.00%
Liquidity Ratios
- - - - - - - -
Current Ratio
0.00 6.41 8.22 7.99 6.78 4.75 3.50 2.86
Quick Ratio
0.00 6.05 15.99 7.75 6.64 4.52 3.39 2.74
Cash Flow Metrics
- - - - - - - -
Free Cash Flow to Firm (FCFF)
0.00 -127 -107 -141 -74 -391 -100 -212
Operating Cash Flow to CapEx
33.28% -339.91% -179.80% -30.38% 69.52% 86.07% 222.39% 205.60%
Free Cash Flow to Firm to Interest Expense
0.00 -257.03 -192.25 -5.64 -0.61 -78.35 -1.79 -40.71
Operating Cash Flow to Interest Expense
7.35 -87.26 -69.99 -0.69 0.53 24.80 4.53 73.22
Operating Cash Flow Less CapEx to Interest Expense
-36.81 -138.60 -147.85 -2.94 -0.23 -4.02 2.49 37.60
Efficiency Ratios
- - - - - - - -
Asset Turnover
0.00 0.65 1.02 0.39 0.35 0.39 0.49 0.55
Accounts Receivable Turnover
0.00 15.32 19.45 8.85 8.25 7.99 6.54 5.91
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
0.00 5.26 3.29 3.83 4.27 4.15 4.26 4.23
Accounts Payable Turnover
0.00 6.10 9.85 7.79 7.25 7.54 6.87 4.75
Days Sales Outstanding (DSO)
0.00 95.31 37.53 41.22 44.22 45.68 55.85 61.76
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
0.00 239.52 74.09 46.86 50.32 48.40 53.10 76.88
Cash Conversion Cycle (CCC)
0.00 -144.21 -73.12 -5.64 -6.11 -2.73 2.74 -15.12
Capital & Investment Metrics
- - - - - - - -
Invested Capital
0.00 68 99 166 150 400 370 473
Invested Capital Turnover
0.00 11.32 6.86 3.25 4.16 3.55 3.37 3.96
Increase / (Decrease) in Invested Capital
0.00 68 31 66 -16 250 -30 103
Enterprise Value (EV)
0.00 1,413 6,376 22,700 41,648 14,633 27,563 36,382
Market Capitalization
525 1,050 7,629 23,352 42,310 14,857 27,956 36,955
Book Value per Share
$0.00 ($1.40) $2.42 $2.66 $2.52 $1.90 $2.27 $3.05
Tangible Book Value per Share
$0.00 ($1.45) $2.40 $2.59 $2.44 $1.35 $1.77 $2.46
Total Capital
0.00 229 736 1,200 1,975 2,060 2,046 2,334
Total Debt
0.00 11 11 383 1,159 1,436 1,283 1,287
Total Long-Term Debt
0.00 10 11 383 1,147 1,436 1,283 1,287
Net Debt
0.00 -150 -626 -651 -666 -224 -393 -573
Capital Expenditures (CapEx)
19 25 43 56 93 144 114 185
Debt-free, Cash-free Net Working Capital (DFCFNWC)
0.00 -25 -31 -46 -145 -170 -260 -385
Debt-free Net Working Capital (DFNWC)
0.00 136 606 989 1,679 1,490 1,416 1,475
Net Working Capital (NWC)
0.00 135 606 989 1,667 1,490 1,416 1,475
Net Nonoperating Expense (NNE)
3.94 28 30 45 171 53 54 -30
Net Nonoperating Obligations (NNO)
0.00 -150 -626 -651 -666 -224 -393 -573
Total Depreciation and Amortization (D&A)
16 25 38 90 150 152 157 167
Debt-free, Cash-free Net Working Capital to Revenue
0.00% -26.00% -21.57% -10.70% -22.15% -17.48% -20.07% -23.05%
Debt-free Net Working Capital to Revenue
0.00% 140.77% 422.26% 229.34% 255.84% 152.78% 109.20% 88.36%
Net Working Capital to Revenue
0.00% 140.50% 422.26% 229.34% 254.00% 152.78% 109.20% 88.36%
Earnings Adjustments
- - - - - - - -
Adjusted Basic Earnings per Share
($0.14) ($1.08) ($0.72) ($0.40) ($0.83) ($0.59) ($0.55) ($0.23)
Adjusted Weighted Average Basic Shares Outstanding
77.15M 80.98M 302.64M 308.83M 312.32M 326.33M 333.66M 341.41M
Adjusted Diluted Earnings per Share
($0.14) ($1.08) ($0.72) ($0.40) ($0.83) ($0.59) ($0.55) ($0.23)
Adjusted Weighted Average Diluted Shares Outstanding
77.15M 80.98M 302.64M 308.83M 312.32M 326.33M 333.66M 341.41M
Adjusted Basic & Diluted Earnings per Share
($0.14) ($1.08) ($0.72) ($0.40) $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
77.15M 80.98M 146.31M 299.77M 324.08M 330.32M 337.66M 345.07M
Normalized Net Operating Profit after Tax (NOPAT)
-6.81 -59 -76 -75 -89 -141 -130 -108
Normalized NOPAT Margin
-10.10% -61.69% -52.65% -17.34% -13.62% -14.44% -10.01% -6.49%
Pre Tax Income Margin
-14.40% -89.36% -72.97% -28.99% -37.78% -19.56% -13.72% -4.24%
Debt Service Ratios
- - - - - - - -
EBIT to Interest Expense
-22.31 -175.38 -196.74 -4.27 -1.06 -40.25 -3.38 -29.47
NOPAT to Interest Expense
-15.80 -119.82 -135.90 -2.99 -0.74 -28.26 -2.31 -20.85
EBIT Less CapEx to Interest Expense
-66.46 -226.73 -274.60 -6.53 -1.82 -69.07 -5.42 -65.08
NOPAT Less CapEx to Interest Expense
-59.96 -171.16 -213.76 -5.25 -1.50 -57.07 -4.35 -56.46
Payout Ratios
- - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
-0.30% 0.00% -10.49% -0.13% -0.07% 0.00% -0.02% 0.00%

Quarterly Metrics and Ratios for Cloudflare

This table displays calculated financial ratios and metrics derived from Cloudflare's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
47.29% 41.89% 36.77% 31.54% 32.20% 31.95% 30.47% 29.99% 28.15% 26.89%
EBITDA Growth
-125.33% -456.39% -28.19% 27.33% 105.32% 63.13% -76.80% 120.31% 4,760.45% 514.85%
EBIT Growth
-66.51% -26.04% -18.80% 10.28% 10.15% 14.08% -11.01% 40.33% 13.39% 30.15%
NOPAT Growth
-73.42% -23.44% -18.11% 12.97% 14.66% 15.51% -15.40% 38.23% 21.47% 18.94%
Net Income Growth
60.36% 40.75% 7.97% -48.68% 44.68% 39.31% 6.67% 84.04% 34.86% 53.89%
EPS Growth
61.76% 45.83% 7.69% -40.00% 46.15% 38.46% 16.67% 85.71% 42.86% 37.50%
Operating Cash Flow Growth
717.06% 92.34% 202.67% 68.49% 59.53% 9.37% 102.06% 16.08% 53.78% 49.00%
Free Cash Flow Firm Growth
-336.43% -2,059.00% -95.94% 80.46% 77.98% 99.84% 80.63% -30.34% 1.36% -27,657.52%
Invested Capital Growth
109.79% 166.46% 65.04% 2.20% 6.19% -7.39% -1.10% 10.07% 7.11% 27.88%
Revenue Q/Q Growth
8.25% 8.21% 5.63% 6.31% 8.79% 8.01% 4.45% 5.91% 7.25% 6.94%
EBITDA Q/Q Growth
87.02% -270.30% 22.34% -94.64% 100.95% -2,668.93% -272.33% 122.36% 127.29% 119.26%
EBIT Q/Q Growth
32.34% -20.18% 7.96% -19.88% 32.24% -14.92% -18.90% 35.56% 1.65% 7.31%
NOPAT Q/Q Growth
28.81% -10.32% 6.74% -18.83% 30.19% -9.22% -27.37% 36.39% 11.25% -12.75%
Net Income Q/Q Growth
33.04% -7.92% 17.06% -148.06% 75.09% -18.40% -27.55% 57.58% -1.68% 16.20%
EPS Q/Q Growth
35.00% 0.00% 7.69% -133.33% 75.00% -14.29% -25.00% 60.00% 0.00% -25.00%
Operating Cash Flow Q/Q Growth
11.60% 83.01% -53.39% 77.00% 5.66% 25.46% -13.88% 1.68% 39.98% 21.56%
Free Cash Flow Firm Q/Q Growth
4.09% -22.86% 38.11% 73.20% -8.06% 99.10% -7,341.76% -80.36% 18.21% -152.86%
Invested Capital Q/Q Growth
5.20% 4.61% -8.96% 2.00% 9.32% -8.77% -2.78% 13.52% 6.39% 8.92%
Profitability Metrics
- - - - - - - - - -
Gross Margin
75.59% 75.32% 75.73% 75.62% 76.74% 77.02% 77.54% 77.80% 77.69% 76.37%
EBITDA Margin
-1.31% -4.49% -3.30% -6.04% 0.05% -1.25% -4.47% 0.94% 2.00% 4.10%
Operating Margin
-18.10% -18.45% -16.29% -18.21% -11.68% -11.82% -14.41% -8.65% -7.16% -7.55%
EBIT Margin
-17.14% -19.04% -16.59% -18.70% -11.65% -12.40% -14.11% -8.59% -7.87% -6.82%
Profit (Net Income) Margin
-16.76% -16.72% -13.12% -30.62% -7.01% -7.69% -9.39% -3.76% -3.56% -2.79%
Tax Burden Percent
103.33% 102.39% 103.57% 101.58% 105.63% 107.96% 106.82% 108.23% 119.57% 118.49%
Interest Burden Percent
94.62% 85.76% 76.39% 161.18% 56.99% 57.44% 62.28% 40.47% 37.87% 34.55%
Effective Tax Rate
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)
-40.16% -45.84% -41.11% -39.13% -25.10% -27.87% -38.61% -22.96% -18.75% -20.92%
ROIC Less NNEP Spread (ROIC-NNEP)
-37.81% -43.49% -39.40% -16.53% -26.65% -28.55% -39.34% -25.44% -20.25% -23.29%
Return on Net Nonoperating Assets (RNNOA)
23.07% 26.89% 19.69% 6.60% 10.42% 12.70% 19.70% 12.42% 10.08% 12.43%
Return on Equity (ROE)
-17.09% -18.95% -21.42% -32.53% -14.69% -15.16% -18.91% -10.54% -8.68% -8.49%
Cash Return on Invested Capital (CROIC)
-118.42% -142.09% -99.03% -40.32% -40.37% -26.06% -36.18% -40.34% -34.01% -50.15%
Operating Return on Assets (OROA)
-6.38% -7.49% -6.96% -8.43% -5.54% -6.01% -7.15% -4.66% -4.38% -3.76%
Return on Assets (ROA)
-6.24% -6.57% -5.51% -13.80% -3.34% -3.73% -4.76% -2.04% -1.98% -1.54%
Return on Common Equity (ROCE)
-17.09% -18.89% -21.42% -32.53% -14.69% -15.16% -18.91% -10.54% -8.68% -8.49%
Return on Equity Simple (ROE_SIMPLE)
-37.87% 0.00% -29.13% -34.43% -28.89% 0.00% -22.76% -11.57% -9.64% 0.00%
Net Operating Profit after Tax (NOPAT)
-32 -35 -33 -39 -27 -30 -38 -24 -22 -24
NOPAT Margin
-12.67% -12.92% -11.40% -12.75% -8.18% -8.27% -10.09% -6.06% -5.01% -5.28%
Net Nonoperating Expense Percent (NNEP)
-2.35% -2.34% -1.71% -22.60% 1.55% 0.69% 0.73% 2.48% 1.50% 2.37%
Return On Investment Capital (ROIC_SIMPLE)
- -1.72% - - - -1.47% - - - -1.04%
Cost of Revenue to Revenue
24.41% 24.68% 24.27% 24.38% 23.26% 22.98% 22.46% 22.20% 22.31% 23.63%
SG&A Expenses to Revenue
17.87% 16.69% 16.71% 17.23% 16.67% 16.66% 17.51% 17.37% 15.99% 16.05%
R&D to Revenue
30.11% 29.01% 28.10% 29.05% 26.99% 26.60% 23.17% 25.57% 25.79% 26.14%
Operating Expenses to Revenue
93.69% 93.78% 92.02% 93.83% 88.42% 88.84% 91.95% 86.46% 84.85% 83.92%
Earnings before Interest and Taxes (EBIT)
-44 -52 -48 -58 -39 -45 -53 -34 -34 -31
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-3.33 -12 -9.58 -19 0.18 -4.55 -17 3.79 8.60 19
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
30.49 23.81 31.21 33.80 30.13 36.64 40.78 31.93 28.40 35.32
Price to Tangible Book Value (P/TBV)
44.45 33.50 42.70 46.06 39.50 46.95 51.21 39.99 34.70 43.82
Price to Revenue (P/Rev)
20.26 15.23 19.34 19.25 17.43 21.56 23.47 19.05 17.58 22.13
Price to Earnings (P/E)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
46.85 36.61 55.19 57.73 51.21 74.47 89.14 67.74 62.36 76.86
Enterprise Value to Revenue (EV/Rev)
20.02 15.00 19.06 19.01 17.18 21.26 23.16 18.73 17.24 21.79
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,540.48
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
207.92 118.39 102.72 96.66 84.08 108.34 110.01 91.65 80.05 95.63
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
2.42 2.30 2.20 2.05 1.83 1.68 1.61 1.46 1.32 1.23
Long-Term Debt to Equity
2.42 2.30 2.20 2.00 1.83 1.68 1.61 1.46 1.32 1.23
Financial Leverage
-0.61 -0.62 -0.50 -0.40 -0.39 -0.45 -0.50 -0.49 -0.50 -0.53
Leverage Ratio
3.32 3.45 4.30 4.09 3.93 3.86 3.77 3.58 3.38 3.35
Compound Leverage Factor
3.14 2.95 3.28 6.60 2.24 2.21 2.35 1.45 1.28 1.16
Debt to Total Capital
70.73% 69.71% 68.77% 67.23% 64.71% 62.71% 61.70% 59.32% 56.93% 55.17%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 1.80% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
70.73% 69.71% 68.77% 65.43% 64.71% 62.71% 61.70% 59.32% 56.93% 55.17%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
29.27% 30.29% 31.23% 32.77% 35.29% 37.29% 38.30% 40.68% 43.07% 44.83%
Debt to EBITDA
-43.50 -29.44 -28.25 -30.01 -31.77 -39.39 -32.16 -73.39 -141.53 89.89
Net Debt to EBITDA
6.42 4.60 5.67 6.17 7.27 12.06 10.95 27.01 59.25 -40.00
Long-Term Debt to EBITDA
-43.50 -29.44 -28.25 -29.20 -31.77 -39.39 -32.16 -73.39 -141.53 89.89
Debt to NOPAT
-10.70 -10.20 -9.85 -9.40 -9.48 -9.88 -9.52 -10.72 -11.28 -11.88
Net Debt to NOPAT
1.58 1.59 1.98 1.93 2.17 3.03 3.24 3.95 4.72 5.29
Long-Term Debt to NOPAT
-10.70 -10.20 -9.85 -9.15 -9.48 -9.88 -9.52 -10.72 -11.28 -11.88
Altman Z-Score
6.30 5.09 6.62 7.35 7.20 8.91 10.25 8.87 8.51 10.38
Noncontrolling Interest Sharing Ratio
0.00% 0.31% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
5.35 4.75 4.40 3.84 3.89 3.50 3.51 3.51 3.37 2.86
Quick Ratio
5.20 4.52 4.26 3.73 3.71 3.39 3.36 3.37 3.24 2.74
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-232 -285 -176 -47 -51 -0.46 -34 -62 -50 -127
Operating Cash Flow to CapEx
101.89% 194.60% 207.59% 166.33% 249.53% 277.26% 229.53% 252.54% 208.61% 174.03%
Free Cash Flow to Firm to Interest Expense
-153.51 -325.89 -83.01 -0.91 -44.91 -0.43 -31.07 -50.61 -35.18 -88.23
Operating Cash Flow to Interest Expense
28.23 89.28 17.13 1.24 59.84 79.93 66.89 61.42 73.08 88.10
Operating Cash Flow Less CapEx to Interest Expense
0.52 43.40 8.88 0.50 35.86 51.10 37.75 37.10 38.05 37.48
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.37 0.39 0.42 0.45 0.48 0.49 0.51 0.54 0.56 0.55
Accounts Receivable Turnover
8.45 7.99 6.90 7.51 7.41 6.54 7.05 6.90 6.95 5.91
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
4.06 4.15 4.21 4.19 4.21 4.26 4.41 4.67 4.45 4.23
Accounts Payable Turnover
5.62 7.54 5.85 6.25 7.30 6.87 6.28 7.30 6.16 4.75
Days Sales Outstanding (DSO)
43.18 45.68 52.87 48.58 49.26 55.85 51.77 52.88 52.52 61.76
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
64.95 48.40 62.37 58.39 49.97 53.10 58.10 50.01 59.25 76.88
Cash Conversion Cycle (CCC)
-21.77 -2.73 -9.51 -9.81 -0.71 2.74 -6.33 2.87 -6.73 -15.12
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
382 400 364 371 406 370 360 408 435 473
Invested Capital Turnover
3.17 3.55 3.61 3.07 3.07 3.37 3.83 3.79 3.74 3.96
Increase / (Decrease) in Invested Capital
200 250 143 7.98 24 -30 -4.01 37 29 103
Enterprise Value (EV)
17,900 14,633 20,079 21,426 20,776 27,563 32,075 27,672 27,102 36,382
Market Capitalization
18,112 14,857 20,368 21,697 21,069 27,956 32,513 28,145 27,640 36,955
Book Value per Share
$1.81 $1.90 $1.98 $1.93 $2.09 $2.27 $2.35 $2.59 $2.85 $3.05
Tangible Book Value per Share
$1.24 $1.35 $1.44 $1.42 $1.60 $1.77 $1.88 $2.07 $2.33 $2.46
Total Capital
2,029 2,060 2,090 1,959 1,982 2,046 2,082 2,167 2,259 2,334
Total Debt
1,435 1,436 1,437 1,317 1,282 1,283 1,284 1,285 1,286 1,287
Total Long-Term Debt
1,435 1,436 1,437 1,281 1,282 1,283 1,284 1,285 1,286 1,287
Net Debt
-212 -224 -289 -271 -294 -393 -437 -473 -539 -573
Capital Expenditures (CapEx)
42 40 18 39 27 31 32 30 50 73
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-170 -170 -216 -207 -196 -260 -280 -261 -303 -385
Debt-free Net Working Capital (DFNWC)
1,477 1,490 1,510 1,380 1,380 1,416 1,442 1,497 1,522 1,475
Net Working Capital (NWC)
1,477 1,490 1,510 1,345 1,380 1,416 1,442 1,497 1,522 1,475
Net Nonoperating Expense (NNE)
10 10 4.99 55 -3.91 -2.12 -2.64 -9.21 -6.22 -11
Net Nonoperating Obligations (NNO)
-212 -224 -289 -271 -294 -393 -437 -473 -539 -573
Total Depreciation and Amortization (D&A)
40 40 39 39 39 40 36 38 42 50
Debt-free, Cash-free Net Working Capital to Revenue
-19.07% -17.48% -20.53% -18.38% -16.19% -20.07% -20.19% -17.69% -19.25% -23.05%
Debt-free Net Working Capital to Revenue
165.13% 152.78% 143.36% 122.45% 114.17% 109.20% 104.11% 101.31% 96.83% 88.36%
Net Working Capital to Revenue
165.13% 152.78% 143.36% 119.31% 114.17% 109.20% 104.11% 101.31% 96.83% 88.36%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
($0.13) ($0.13) ($0.12) ($0.28) ($0.07) ($0.08) ($0.10) ($0.04) ($0.04) ($0.05)
Adjusted Weighted Average Basic Shares Outstanding
326.59M 326.33M 330.39M 332.30M 334.67M 333.66M 338.58M 340.65M 342.36M 341.41M
Adjusted Diluted Earnings per Share
($0.13) ($0.13) ($0.12) ($0.28) ($0.07) ($0.08) ($0.10) ($0.04) ($0.04) ($0.05)
Adjusted Weighted Average Diluted Shares Outstanding
326.59M 326.33M 330.39M 332.30M 334.67M 333.66M 338.58M 340.65M 342.36M 341.41M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
328.62M 330.32M 331.91M 334.22M 335.77M 337.66M 339.79M 341.70M 343.19M 345.07M
Normalized Net Operating Profit after Tax (NOPAT)
-32 -35 -33 -39 -27 -30 -38 -24 -22 -24
Normalized NOPAT Margin
-12.67% -12.92% -11.40% -12.75% -8.18% -8.27% -10.09% -6.06% -5.01% -5.28%
Pre Tax Income Margin
-16.22% -16.33% -12.67% -30.15% -6.64% -7.12% -8.79% -3.47% -2.98% -2.36%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
-28.78 -59.76 -22.64 -1.11 -34.36 -42.03 -48.57 -28.27 -23.63 -21.72
NOPAT to Interest Expense
-21.27 -40.55 -15.56 -0.76 -24.12 -28.05 -34.71 -19.94 -15.04 -16.82
EBIT Less CapEx to Interest Expense
-56.49 -105.64 -30.89 -1.86 -58.34 -70.86 -77.71 -52.59 -58.66 -72.35
NOPAT Less CapEx to Interest Expense
-48.98 -86.43 -23.82 -1.51 -48.10 -56.87 -63.86 -44.26 -50.08 -67.44
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
0.00% 0.00% 0.00% -0.02% -0.02% -0.02% 0.00% 0.00% 0.00% 0.00%

Frequently Asked Questions About Cloudflare's Financials

When does Cloudflare's fiscal year end?

According to the most recent income statement we have on file, Cloudflare's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Cloudflare's net income changed over the last 7 years?

Cloudflare's net income appears to be on an upward trend, with a most recent value of -$78.80 million in 2024, rising from -$10.75 million in 2017. The previous period was -$183.95 million in 2023.

What is Cloudflare's operating income?
Cloudflare's total operating income in 2024 was -$154.76 million, based on the following breakdown:
  • Total Gross Profit: $1.29 billion
  • Total Operating Expenses: $1.45 billion
How has Cloudflare revenue changed over the last 7 years?

Over the last 7 years, Cloudflare's total revenue changed from $134.92 million in 2017 to $1.67 billion in 2024, a change of 1,137.5%.

How much debt does Cloudflare have?

Cloudflare's total liabilities were at $2.25 billion at the end of 2024, a 12.9% increase from 2023, and a 2,705.9% increase since 2018.

How much cash does Cloudflare have?

In the past 6 years, Cloudflare's cash and equivalents has ranged from $25.06 million in 2018 to $313.78 million in 2021, and is currently $147.69 million as of their latest financial filing in 2024.

How has Cloudflare's book value per share changed over the last 7 years?

Over the last 7 years, Cloudflare's book value per share changed from 0.00 in 2017 to 3.05 in 2024, a change of 304.8%.



This page (NYSE:NET) was last updated on 4/24/2025 by MarketBeat.com Staff
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