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Cloudflare, Inc. NET Q4 2024 Annual earnings

Reported February 6, 2025 · After market close

Revenue estimate$452.1M
EPS estimate$0.18

Next report

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

Financials

Q4 2024

Income statement

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Revenue$459.9M+26.9%
Gross profit$351.3M+25.8%
Operating income-$34.7M+18.9%
Net income-$12.8M+53.9%
EPS (diluted)-$0.04+50.0%

Balance sheet

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Cash & equivalents$154.2M+69.0%
Total debt$175.9M+15.8%
Total equity$1.0B+37.1%
Total assets$3.3B+19.6%

Cash flow

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Operating cash flow$127.3M+49.0%
CapEx$73.2M+137%
Free cash flow$54.2M-0.9%

Valuation & ratios

Q4 2024

Valuation

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Market cap$36.96B+31.9%
Enterprise value$36.98B+31.7%
P/S22.1×+0.5×

Profitability

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Gross margin77.3%+1.0pp
Operating margin-9.3%-2.4pp
Net margin-4.7%-1.9pp
FCF margin11.7%+0.9pp

Returns & leverage

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Return on equity-8.7%-3.5pp
Debt / equity0.2×0.0×
Current ratio2.9×-0.6×

Segments

By geography

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Europe, Middle East, and Africa$128.3M+26.8%
Asia Pacific$64.4M+39.1%
Other$36.2M+34.1%

By segment

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Reportable Segment$459.9M+41.9%

Versus estimates

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Questions, answered.

When did Cloudflare, Inc. report Q4 2024 earnings?
Cloudflare, Inc. (NET) reported Q4 2024 earnings on February 6, 2025 after market close.
What were Cloudflare, Inc.'s Q4 2024 revenue and EPS?
Cloudflare, Inc. reported revenue of $459.9M and diluted EPS of $0.19 for Q4 2024.
Did Cloudflare, Inc. beat estimates in Q4 2024?
Revenue beat the consensus estimate of $452.1M by $7.9M. EPS beat the consensus estimate of $0.18 by $0.01.
Where can I find Cloudflare, Inc.'s Q4 2024 SEC filings?
You can read the 10-K periodic report (0001477333-25-000043) directly on SEC EDGAR. The filing index links above go to sec.gov.