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Other financials

Income statement

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Revenue$696.1M+35.9%
Gross profit$499.5M+30.2%
Operating income-$205.7M-206%
Net income-$170.0M-237%
EPS (diluted)-$0.48-220%

Balance sheet

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Cash & equivalents$1.7B+9.9%
Total debt$1.6B+670%
Total equity$1.6B+30.7%
Total assets$6.5B+16.4%

Cash flow

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Operating cash flow$117.6M+17.8%
CapEx$50.0M-16.6%
Free cash flow$67.6M+69.4%

Valuation

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Market cap$100.96B+34.4%
Enterprise value$100.83B+36.7%
P/S40.2×+0.3×

Profitability

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Gross margin72.6%-3.6pp
Operating margin-14.1%+10.5pp
Net margin-8.2%+3.9pp
FCF margin13.9%+2.8pp

Returns & leverage

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Return on equity-14.4%+6.4pp
Debt / equity+0.8×
Current ratio1.8×-3.3×

Where this comes from

Calculated from Cloudflare, Inc.’s reported figures.

$205.7Mebit+
$65.4MDepreciation Depletion & Amortization
=-$140.34M

The source filing: Cloudflare, Inc.’s 10-Q, filed August 6, 2026. Open the filing →

Filed
Aug 6, 2026, 4:24 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001477333-26-000054

FAQ

What is Cloudflare, Inc.'s EBITDA?
Cloudflare, Inc. (NET) reported EBITDA of -$140.34M in Q2 2026.
How has Cloudflare, Inc.'s EBITDA changed year-over-year?
Cloudflare, Inc.'s EBITDA decreased by 544.3% year-over-year, from -$21.78M to -$140.34M.
What is the long-term trend for Cloudflare, Inc.'s EBITDA?
Over 4 years (2021 to 2025), Cloudflare, Inc.'s EBITDA has grown at a -26.9% compound annual growth rate (CAGR), from -$61.08M to -$17.46M.
What does EBITDA mean?
Earnings before interest, taxes, depreciation, and amortization — EBIT plus the D&A add-back from the cash-flow statement (EBITDA = EBIT + D&A). A proxy for cash earnings that strips out financing, tax, and non-cash charges.

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