Cloudflare (NET)
Delivers Internet security, networking, and developer services on a shared global network.
$354.44
vs last close+2.77 (+0.79%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 336 | 362 | 379 | 401 | 430 | 460 | 479 | 512 | 562 | 615 | 640 | 696 |
| Cost of revenue | 78 | 83 | 85 | 89 | 96 | 109 | 116 | 129 | 146 | 162 | 184 | 197 |
| Gross profit | 258 | 279 | 294 | 312 | 334 | 351 | 364 | 384 | 416 | 453 | 456 | 500 |
| 297 | 322 | 348 | 347 | 365 | 386 | 417 | 451 | 453 | 502 | 518 | 705 | |
| Research & development | 91 | 96 | 88 | 103 | 111 | 120 | 115 | 135 | 121 | 142 | 151 | 159 |
| 206 | 226 | 260 | 244 | 254 | 266 | 302 | 316 | 332 | 360 | 367 | 395 | |
| Selling & marketing | 150 | 165 | 194 | 175 | 185 | 192 | 214 | 219 | 236 | 251 | 272 | 276 |
| General & administrative | 56 | 60 | 66 | 70 | 69 | 74 | 88 | 97 | 96 | 109 | 95 | 119 |
| Other expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 151 |
| Operating income | −39 | −43 | −55 | −35 | −31 | −35 | −53 | −67 | −37 | −49 | −62 | −206 |
| 17 | 17 | 21 | 21 | 18 | 24 | 16 | 20 | 39 | 39 | 41 | 38 | |
| Interest income | 18 | 20 | 21 | 22 | 22 | 22 | 21 | 25 | 43 | 42 | 40 | 40 |
| Interest expense | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 3 | 3 | 3 |
| Other non-operating income | −18 | −18 | −22 | −22 | −19 | −25 | −18 | −21 | −42 | −42 | −43 | −41 |
| Income before tax | −22 | −26 | −33 | −14 | −13 | −11 | −37 | −47 | 2 | −11 | −21 | −168 |
| Income tax expense | 1 | 2 | 2 | 1 | 3 | 2 | 2 | 3 | 3 | 2 | 2 | 2 |
| Net income from continuing operations | −24 | −28 | −36 | −15 | −15 | −13 | −38 | −50 | −1 | −12 | −23 | −170 |
| Net income | −24 | −28 | −36 | −15 | −15 | −13 | −38 | −50 | −1 | −12 | −23 | −170 |
| EPS, basic | −$0.07 | −$0.08 | −$0.10 | −$0.04 | −$0.04 | −$0.04 | −$0.11 | −$0.15 | −$0.00 | −$0.03 | −$0.07 | −$0.48 |
| EPS, diluted | −$0.07 | −$0.08 | −$0.10 | −$0.04 | −$0.04 | −$0.04 | −$0.11 | −$0.15 | −$0.00 | −$0.03 | −$0.07 | −$0.48 |
| Weighted average shares, basic | 335 | 337 | 339 | 341 | 342 | 344 | 346 | 347 | 342 | 351 | 353 | 354 |
| Weighted average shares, diluted | 335 | 337 | 339 | 341 | 342 | 344 | 346 | 347 | 342 | 351 | 353 | 354 |
| EBITDA | 13 | 11 | −2 | 17 | 20 | 27 | 7 | 0 | 54 | 45 | 39 | −99 |
| Depreciation & amortization | 34 | 36 | 30 | 30 | 32 | 36 | 42 | 45 | 49 | 53 | 58 | 65 |
| EBIT | −21 | −25 | −32 | −13 | −11 | −9 | −35 | −46 | 5 | −8 | −19 | −165 |
