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Cloudflare, Inc. NET Operating Income

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Other financials

Income statement

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Revenue$639.8M+33.5%
Gross profit$455.6M+25.3%
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 ratio-1.2×

Where this comes from

Reported directly by Cloudflare, Inc. in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

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 operating income?
Cloudflare, Inc. (NET) reported operating income of -$61.99M in Q1 2026.
How has Cloudflare, Inc.'s operating income changed year-over-year?
Cloudflare, Inc.'s operating income decreased by 16.4% year-over-year, from -$53.25M to -$61.99M.
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?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.