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Cloudflare, Inc. NET Q3 2024 earnings

Reported November 7, 2024 · After market close

Revenue estimate$424.1M
EPS estimate$0.18

Next report

Jul 30, 2026 (in a month)
Revenue estimate$664.7M
EPS estimate$0.27

Financials

Q3 2024

Income statement

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Revenue$430.1M+28.2%
Gross profit$334.1M+29.7%
Operating income-$30.8M+21.5%
Net income-$15.3M+34.9%
EPS (diluted)-$0.04+42.9%

Balance sheet

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Cash & equivalents$185.9M+90.4%
Total debt$164.4M+20.2%
Total equity$973.1M+39.2%
Total assets$3.1B+18.3%

Cash flow

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Operating cash flow$104.7M+53.8%
CapEx$50.2M+84.0%
Free cash flow$54.5M+33.6%

Valuation & ratios

Q3 2024

Valuation

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Market cap$27.56B+30.6%
Enterprise value$27.53B+30.3%
P/S17.5×+0.1×

Profitability

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Gross margin77.5%+1.6pp
Operating margin-10.4%-2.7pp
Net margin-6%-2.3pp
FCF margin12.5%

Returns & leverage

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Return on equity-11.2%-4.4pp
Debt / equity0.2×0.0×
Current ratio3.4×-0.5×

Segments

By geography

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Europe, Middle East, and Africa$121.8M+31.4%
Asia Pacific$59.1M+37.6%
Other$34.2M+40.1%

By segment

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Reportable Segment$430.1M+32.7%

Versus estimates

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Questions, answered.

When did Cloudflare, Inc. report Q3 2024 earnings?
Cloudflare, Inc. (NET) reported Q3 2024 earnings on November 7, 2024 after market close.
What were Cloudflare, Inc.'s Q3 2024 revenue and EPS?
Cloudflare, Inc. reported revenue of $430.1M and diluted EPS of $0.20 for Q3 2024.
Did Cloudflare, Inc. beat estimates in Q3 2024?
Revenue beat the consensus estimate of $424.1M by $5.9M. EPS beat the consensus estimate of $0.18 by $0.02.
Where can I find Cloudflare, Inc.'s Q3 2024 SEC filings?
You can read the 10-Q periodic report (0001477333-24-000085) directly on SEC EDGAR. The filing index links above go to sec.gov.