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Cloudflare, Inc. NET EBITDA margin

EBITDA margin at other companies

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MicrosoftMSFT
61.4%+6.1pp
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AmazonAMZN
19.6%0.0pp
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F5, Inc.FFIV
27.7%0.0pp
Akamai Technologies logo
Akamai TechnologiesAKAM
29.2%-0.4pp
Zscaler logo
ZscalerZS
-2.8%-0.3pp
Alphabet Inc. logo
Alphabet Inc.GOOGL

Other financials

Income statement

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Revenue$639.8M+33.5%
Gross profit$455.6M+25.3%
Operating income-$62.0M-16.4%
Net income-$22.9M+40.4%
EPS (diluted)-$0.07+36.4%

Balance sheet

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Cash & equivalents$944.4M+347%
Total debt$256.7M+36.9%
Total equity$1.5B+7.1%
Total assets$6.2B+65.6%

Cash flow

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Operating cash flow$158.3M+8.6%
CapEx$65.2M-24.1%
Free cash flow$93.1M+55.4%

Valuation

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Market cap$79.53B+86.8%
Enterprise value$78.84B+85.1%
P/S34.2×+10.1×

Profitability

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Gross margin73.3%-3.6pp
Operating margin-9.3%+0.7pp
Net margin-3.7%-0.6pp

Returns & leverage

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Return on equity-5.9%-1.0pp
Debt / equity0.2×0.0×
Current ratio-1.2×

Where this comes from

Calculated from Cloudflare, Inc.’s reported figures.

Based on trailing twelve months.

The official record: Cloudflare, Inc.’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cloudflare, Inc.'s EBITDA margin?
Cloudflare, Inc. (NET) reported EBITDA margin of -0.5% in Q1 2026.
How has Cloudflare, Inc.'s EBITDA margin changed year-over-year?
Cloudflare, Inc.'s EBITDA margin increased by 40.9% year-over-year, from -0.8% to -0.5%.
What is the long-term trend for Cloudflare, Inc.'s EBITDA margin?
Over 4 years (2021 to 2025), Cloudflare, Inc.'s EBITDA margin has grown at a -42.0% compound annual growth rate (CAGR), from -36.6% to -4.1%.
What does EBITDA margin mean?
Operating cash profitability per sales dollar, before interest, taxes, and non-cash charges.
How do you interpret EBITDA margin?
Useful for comparing operating profitability across firms with different depreciation policies and leverage. High EBITDA margin alongside heavy capex can still mean weak free cash flow — pair it with FCF margin.
How does EBITDA margin compare across companies?
Widely used to compare capital-intensive businesses on a like-for-like basis. Less meaningful for banks and insurers.