Operating Income
Operating Income
Cloudflare, Inc. Operating Income decreased by 31.4% to -$49.23M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 41.8%, from -$34.72M to -$49.23M. Over 4 years (FY 2021 to FY 2025), Operating Income shows a downward trend with a 12.9% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementIncome Statement
SectionOperating Income
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026
How to read this metric
Growth in operating income suggests that the core business is becoming more profitable and efficient.
Detailed definition
The profit realized from a business's own operations after deducting operating expenses like wages, depreciation, and co...
Peer comparison
This is a key metric for comparing the fundamental business performance of companies with different tax or debt structures.
Metric ID:
is_operating_incomeHistorical Data
19 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | -$28.87M | -$26.49M | -$41.06M | -$40.02M | -$64.54M | -$45.95M | -$50.69M | -$47.27M | -$56.17M | -$39.21M | -$42.83M | -$54.55M | -$34.70M | -$30.79M | -$34.72M | -$53.25M | -$67.26M | -$37.46M | -$49.23M |
| QoQ Change | — | +8.2% | -55.0% | +2.5% | -61.3% | +28.8% | -10.3% | +6.7% | -18.8% | +30.2% | -9.2% | -27.4% | +36.4% | +11.3% | -12.7% | -53.4% | -26.3% | +44.3% | -31.4% |
| YoY Change | — | — | — | — | -123.5% | -73.4% | -23.4% | -18.1% | +13.0% | +14.7% | +15.5% | -15.4% | +38.2% | +21.5% | +18.9% | +2.4% | -93.9% | -21.6% | -41.8% |
Range-$67.26M – -$26.49M
CAGR+12.6%
Avg YoY Growth-19.1%
Median YoY Growth-15.4%
Operating Income at Other Companies
Frequently Asked Questions
- What is Cloudflare, Inc.'s operating income?
- Cloudflare, Inc. (NET) reported operating income of -$49.23M in Q4 2025.
- How has Cloudflare, Inc.'s operating income changed year-over-year?
- Cloudflare, Inc.'s operating income decreased by 41.8% year-over-year, from -$34.72M to -$49.23M.
- What is the long-term trend for Cloudflare, Inc.'s operating income?
- Over 4 years (2021 to 2025), Cloudflare, Inc.'s operating income has grown at a 12.9% compound annual growth rate (CAGR), from -$127.68M to -$207.21M.
- What does operating income mean?
- The profit earned from core business activities, before accounting for interest and taxes.