NET · XBRL financial data

Cloudflare financial statements, every fiscal year

The same tables from 6 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 years (NET's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue from contracts with customers	431	656	975	1,297	1,670	2,168
Cost of revenue	101	147	233	307	379	553
Gross profit	330	509	743	990	1,291	1,615
Research and development	127	189	298	358	421	512
General and administrative	92	120	180	218	279	389
Total operating expenses	437	637	944	1,175	1,446	1,823
Operating income (loss)	(107)	(128)	(201)	(185)	(155)	(207)
Interest expense	25	49	5	6	5	9
Other income (expense)	0	(1)	1	(4)	2	(8)
Income tax expense (benefit)	(6)	12	3	6	8	10
Net income (loss)	(119)	(260)	(193)	(184)	(79)	(102)
Earnings per share, basic USD per share	(0.40)	(0.83)	(0.59)	(0.55)	(0.23)	(0.29)
Earnings per share, diluted USD per share	(0.40)	(0.83)	(0.59)	(0.55)	(0.23)	(0.29)
Weighted average shares, basic millions of shares	300	312	326	334	341	348
Weighted average shares, diluted millions of shares	300	312	326	334	341	348

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

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	109	314	204	87	148	944
Marketable securities	923	1,508	1,446	1,587	1,708	3,158
Accounts receivable	63	96	149	248	317	382
Prepaid and other current assets	28	29	71	48	75	128
Total current assets	1,130	1,956	1,888	1,983	2,269	4,645
Property and equipment, net	124	184	287	323	467	619
Right-of-use asset	43	130	132	139	168	238
Goodwill	17	24	148	148	181	227
Total assets	1,381	2,372	2,588	2,760	3,301	6,036
Accounts payable	14	26	36	54	106	84
Accrued liabilities	7	—	—	—	—	—
Total current liabilities	141	289	398	567	794	2,351
Lease liability, non-current	27	109	108	113	128	182
Total liabilities	564	1,556	1,964	1,997	2,255	4,577
Accumulated deficit	(421)	(681)	(840)	(1,024)	(1,103)	(1,205)
Total stockholders' equity	817	811	624	763	1,046	1,459
Total liabilities and equity	1,381	2,372	2,588	2,760	3,301	6,036

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

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	(119)	(260)	(193)	(184)	(79)	(102)
Stock-based compensation	56	90	203	274	338	451
Depreciation and amortization	49	67	102	136	128	190
Net cash from operating activities	(17)	65	124	254	380	603
Purchases of property and equipment	56	93	144	114	185	316
Net cash from investing activities	(515)	(709)	(236)	(186)	(330)	(1,807)
Proceeds from issuing common stock	—	15	15	19	20	25
Share repurchases	0	0	0	0	0	0
Net cash from financing activities	505	847	6	(192)	13	2,004
Net change in cash	(27)	203	(106)	(124)	63	800

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