Cloudflare, Inc. financials
Key figures from Cloudflare, Inc.'s filings with the U.S. Securities and Exchange Commission: the latest quarter against a year earlier, and the trend across recent quarters and fiscal years.
Latest quarter vs a year earlier
| Metric | Jun 2026 | Jun 2025 | Change |
|---|---|---|---|
| Revenue | $696M | $512M | +35.9% |
| Net income | -$170M | -$50M | -237.0% |
| Free cash flow | $68M | $40M | +69.4% |
| Gross margin | 71.8% | 74.9% | -3.1 pts |
| Operating margin | -29.6% | -13.1% | -16.4 pts |
| Net margin | -24.4% | -9.8% | -14.6 pts |
Quarterly trend
Fiscal years
| Fiscal year | Revenue | Net income | Net margin | Free cash flow | EPS (diluted) |
|---|---|---|---|---|---|
| FY Dec 2025 | $2.2B | -$102M | -4.7% | $287M | -$0.29 |
| FY Dec 2024 | $1.7B | -$79M | -4.7% | $195M | -$0.23 |
| FY Dec 2023 | $1.3B | -$184M | -14.2% | $140M | -$0.55 |
| FY Dec 2022 | $975M | -$193M | -19.8% | -$20M | -$0.59 |
| FY Dec 2021 | $656M | -$260M | -39.7% | -$28M | -$0.83 |
* Fiscal fourth quarter computed from the annual filing minus the three reported quarters. All figures from company filings with the SEC.