Income StatementBalance SheetCash FlowSegments
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Cloudflare, Inc. Income Statement

Revenue, expenses, and profitability over time

Cloudflare, Inc. generated $2.3B in trailing twelve-month revenue, up 0.3% year-over-year. Net income was -$86.7M with a -3.72% net margin. Gross margin stands at 73.33% and operating margin at -9.27%. Diluted EPS is $-0.25, which declined 0.0% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$2.3BGross Profit (TTM)$1.7BOperating Income (TTM)-$216.0MNet Income (TTM)-$86.7MEps Diluted (TTM)$-0.25
Latest FilingQ1 2026
Report Date2026-05-08
Market Cap$71.3B
ROE-5.88%

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$-0.05$-0.11$-0.15$0.00$-0.03$-0.07
Diluted earnings per share$-0.05$-0.11$-0.15$0.00$-0.03$-0.07
Weighted-average shares, basic—345.7M347.5M349.3M—352.6M
Weighted-average shares, diluted—345.7M347.5M349.3M—352.6M

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
General and administrative$73.8M$87.7M$97.0M$95.9M$108.8M$95.0M
Research and development$120.2M$115.1M$134.6M$121.0M$141.9M$151.0M
Selling and marketing$192.0M$214.0M$219.4M$236.3M$251.1M$271.6M
Total operating expenses$386.0M$416.8M$450.9M$453.2M$501.8M$517.6M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross profit$351.3M$363.5M$383.6M$415.7M$452.6M$455.6M
Operating income-$34.7M-$53.2M-$67.3M-$37.5M-$49.2M-$62.0M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Charges$3.3M-$3.5M-$3.9M-$307.0K-$272.0K$3.0M
Interest expense$1.4M$1.4M$1.5M$2.9M$2.9M$2.6M
Other income (expense), net$23.9M$16.5M$20.0M$39.3M$38.7M$40.6M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes-$10.8M-$36.8M-$47.3M$1.9M-$10.5M-$21.4M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$2.0M$1.7M$3.2M$3.1M$1.6M$1.5M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income-$12.8M-$38.5M-$50.4M-$1.3M-$12.1M-$22.9M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Investment and other (expense) income, net$22.0M$21.4M$25.4M$42.5M$41.9M$40.2M

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total cost of revenue$108.7M$115.6M$128.7M$146.3M$162.0M$184.2M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$459.9M$479.1M$512.3M$562.0M$614.5M$639.8M