NET · XBRL financial data

Cloudflare financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (NET's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Revenue from contracts with customers	336	362*	379	401	430	460*	479	512	562	615*	640	696
Cost of revenue	78	83*	85	89	96	109*	116	129	146	162*	184	197
Gross profit	258	279*	294	312	334	351*	364	384	416	453*	456	500
Research and development	91	96*	88	103	111	120*	115	135	121	142*	151	159
General and administrative	56	60*	66	70	69	74*	88	97	96	109*	95	119
Total operating expenses	297	322*	348	347	365	386*	417	451	453	502*	518	705
Operating income (loss)	(39)	(43)*	(55)	(35)	(31)	(35)*	(53)	(67)	(37)	(49)*	(62)	(206)
Interest expense	1	1*	1	1	1	1*	1	2	3	3*	3	3
Other income (expense)	0	(2)*	1	0	(3)	3*	(3)	(4)	(0)	(0)*	3	—
Income tax expense (benefit)	1	2*	2	1	3	2*	2	3	3	2*	2	2
Net income (loss)	(24)	(28)*	(36)	(15)	(15)	(13)*	(38)	(50)	(1)	(12)*	(23)	(170)
Earnings per share, basic USD per share	(0.07)	(0.08)*	(0.10)	(0.04)	(0.04)	(0.04)*	(0.11)	(0.15)	0.00	(0.03)*	(0.07)	(0.48)
Earnings per share, diluted USD per share	(0.07)	(0.08)*	(0.10)	(0.04)	(0.04)	(0.04)*	(0.11)	(0.15)	0.00	(0.03)*	(0.07)	(0.48)
Weighted average shares, basic millions of shares	335	337*	339	341	342	344*	346	347	349	351*	353	354
Weighted average shares, diluted millions of shares	335	337*	339	341	342	344*	346	347	349	351*	353	354

Fiscal quarters (NET's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Cash and cash equivalents	94	87	254	157	183	148	204	1,519	1,053	944	932	1,664
Marketable securities	1,480	1,587	1,462	1,600	1,641	1,708	1,710	2,441	2,991	3,158	3,232	2,499
Accounts receivable	199	248	213	250	253	317	286	308	352	382	380	423
Prepaid and other current assets	71	48	70	71	73	75	403	113	114	128	137	153
Total current assets	1,858	1,983	2,016	2,093	2,164	2,269	2,624	4,406	4,537	4,645	4,716	4,778
Property and equipment, net	310	323	329	339	397	467	514	547	588	619	631	703
Right-of-use asset	126	139	142	142	152	168	178	185	222	238	244	248
Goodwill	148	148	148	156	157	181	181	181	181	227	233	376
Total assets	2,590	2,760	2,802	2,917	3,063	3,301	3,721	5,562	5,786	6,036	6,164	6,474
Accounts payable	41	54	48	60	74	106	94	96	86	84	59	127
Total current liabilities	478	567	574	596	642	794	821	858	2,223	2,351	2,411	2,628
Lease liability, non-current	102	113	113	113	121	128	135	145	173	182	182	181
Total liabilities	1,891	1,997	2,004	2,035	2,090	2,255	2,295	4,323	4,439	4,577	4,637	4,854
Accumulated deficit	(996)	(1,024)	(1,059)	(1,074)	(1,090)	(1,103)	(1,141)	(1,192)	(1,193)	(1,205)	(1,228)	(1,398)
Total stockholders' equity	699	763	797	882	973	1,046	1,426	1,240	1,347	1,459	1,527	1,620
Total liabilities and equity	2,590	2,760	2,802	2,917	3,063	3,301	3,721	5,562	5,786	6,036	6,164	6,474

Fiscal quarters (NET's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Net income (loss)	(24)	(28)*	(36)	(15)	(15)	(13)*	(38)	(50)	(1)	(12)*	(23)	(170)
Stock-based compensation	74*	74*	70	86*	88*	94*	96	122*	110*	124*	114	160*
Depreciation and amortization	34*	36*	30	30*	32*	36*	42	45*	49*	53*	58	65*
Net cash from operating activities	68*	85*	74	75*	105*	127*	146	100*	167*	190*	158	118*
Purchases of property and equipment	27*	31*	32	30*	50*	73*	86	60*	85*	85*	65	50*
Net cash from investing activities	(100)*	(102)*	97	(184)*	(76)*	(167)*	(92)	(793)*	(630)*	(292)*	(159)	608*
Proceeds from issuing common stock	0*	9*	—	—	0*	9*	—	—	0*	12*	—	—
Share repurchases	0*	0*	—	—	0*	0*	—	—	—	year only	—	—
Net cash from financing activities	(35)*	10*	0	7*	(2)*	8*	4	2,008*	(4)*	(4)*	(9)	6*
Net change in cash	(67)*	(6)*	171	(102)*	26*	(32)*	57	1,314*	(466)*	(105)*	(10)	732*

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