What is Cloudflare, Inc.'s gross profit?

Cloudflare, Inc. (NET) reported gross profit of $455.6M in Q1 2026.

How has Cloudflare, Inc.'s gross profit changed year-over-year?

Cloudflare, Inc.'s gross profit increased by 25.3% year-over-year, from $363.51M to $455.6M.

What is the long-term trend for Cloudflare, Inc.'s gross profit?

Over 4 years (2021 to 2025), Cloudflare, Inc.'s gross profit has grown at a 33.5% compound annual growth rate (CAGR), from $509.29M to $1.62B.

What does gross profit mean?

Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

Cloudflare, Inc. NET Gross Profit

Gross Profit at other companies

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Other financials

Income statement

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Revenue$639.8M+33.5%

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$80.45B+29.4%

Enterprise value$79.76B+28.4%

P/S34.6×-0.6×

Profitability

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Gross margin73.3%-3.6pp

Operating margin-9.3%+0.7pp

Net margin-3.7%-0.6pp

FCF margin13.8%+1.7pp

Returns & leverage

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Return on equity-5.9%-1.0pp

Debt / equity0.2×0.0×

Current ratio2×-1.2×

Where this comes from

Calculated from Cloudflare, Inc.’s reported figures.

$639.8Mtotal revenue−$184.2Mtotal cost of revenue=$455.6M

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 gross profit?: Cloudflare, Inc. (NET) reported gross profit of $455.6M in Q1 2026.
How has Cloudflare, Inc.'s gross profit changed year-over-year?: Cloudflare, Inc.'s gross profit increased by 25.3% year-over-year, from $363.51M to $455.6M.
What is the long-term trend for Cloudflare, Inc.'s gross profit?: Over 4 years (2021 to 2025), Cloudflare, Inc.'s gross profit has grown at a 33.5% compound annual growth rate (CAGR), from $509.29M to $1.62B.
What does gross profit mean?: Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.