Revenue
2017
2018
2019
2020
2021
2022
2023
2024
2025
Cloudflare, Inc. (NET)
Price$311.17Cached quote
Net income
2017
2018
2019
2020
2021
2022
2023
2024
2025
Free cash flow
2017
2018
2019
2020
2021
2022
2023
2024
2025
Total cash / debt
CashTotal debt
2017
2018
2019
2020
2021
2022
2023
2024
2025
Financial statements
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.17B | $1.67B | $1.30B | $975.2M | $656.4M | $431.1M | $287.0M | $192.7M | $134.9M |
| Gross profit | $1.62B | $1.29B | $989.7M | $742.6M | $509.3M | $330.0M | $223.6M | $149.1M | $106.1M |
| Gross margin | 74.51% | 77.32% | 76.32% | 76.15% | 77.59% | 76.56% | 77.90% | 77.40% | 78.66% |
| Research & development | $512.5M | $421.4M | $358.1M | $298.3M | $189.4M | $127.1M | $90.7M | $54.5M | $33.6M |
| Operating expenses | $1.82B | $1.45B | $1.18B | $943.8M | $637.0M | $436.8M | $331.5M | $234.0M | $115.9M |
| Operating income | −$207.2M | −$154.8M | −$185.5M | −$201.2M | −$127.7M | −$106.8M | −$107.9M | −$84.9M | −$9.7M |
| Operating margin | −9.56% | −9.27% | −14.30% | −20.63% | −19.45% | −24.77% | −37.61% | −44.06% | −7.21% |
| EBITDA | −$17.5M | −$27.0M | −$49.7M | −$98.9M | −$61.1M | −$57.4M | −$78.5M | −$66.0M | $2.4M |
| EBITDA margin | −0.81% | −1.62% | −3.83% | −10.14% | −9.30% | −13.31% | −27.34% | −34.25% | 1.81% |
| Net income | −$102.3M | −$78.8M | −$183.9M | −$193.4M | −$260.3M | −$119.4M | −$105.8M | −$87.2M | −$10.7M |
| Net profit margin | −4.72% | −4.72% | −14.19% | −19.83% | −39.66% | −27.69% | −36.87% | −45.24% | −7.97% |
| Basic EPSper basic share | -$0.29 | -$0.23 | -$0.55 | -$0.59 | -$0.83 | -$0.40 | -$0.72 | -$1.08 | -$0.14 |
| Diluted EPSper diluted share | -$0.29 | -$0.23 | -$0.55 | -$0.59 | -$0.83 | -$0.40 | -$0.72 | -$1.08 | -$0.14 |
Owners
Reported shareholders
7.55%of listed shares
Capital World Investors24.33M shares · Jun 30, 2026
View holders
| Holder | % owned |
|---|---|
Capital World Investors | 7.55%24.33M shares |
BlackRock, Inc. | 6.70%21.6M shares |
VANGUARD PORTFOLIO MANAGEMENT LLC | 5.22%16.82M shares |
MORGAN STANLEY | 4.74%15.26M shares |
BAILLIE GIFFORD & CO | 4.53%14.6M shares |
VANGUARD CAPITAL MANAGEMENT LLC | 4.48%14.43M shares |
FMR LLC | 3.93%12.66M shares |
Capital International Investors | 3.41%10.98M shares |
STATE STREET CORP | 2.30%7.42M shares |
GEODE CAPITAL MANAGEMENT, LLC | 1.85%5.96M shares |
JENNISON ASSOCIATES LLC | 1.68%5.42M shares |
JPMORGAN CHASE & CO | 1.64%5.27M shares |
AMERICAN CENTURY COMPANIES INC | 1.33%4.29M shares |
WELLINGTON MANAGEMENT GROUP LLP | 1.26%4.05M shares |
FIRST TRUST ADVISORS LP | 1.17%3.76M shares |
FRANKLIN RESOURCES INC | 1.16%3.73M shares |
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | 1.14%3.68M shares |
NORGES BANK | 1.12%3.6M shares |
SANDS CAPITAL MANAGEMENT, LLC | 1.01%3.24M shares |
Invesco Ltd. | 0.96%3.1M shares |
Percentages use 322.18M shares of this listed class outstanding on Jun 30, 2026.
Gray completes the 100% scale. Reported positions may overlap; holders have different reporting dates.
Source: SEC Form 13F ↗Updated Sep 29, 2026 · Quarterly data
Insider buys & sells
| Transaction | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| Jun 24, 2026Form 4 · 10b5-1 | Prince MatthewCEO & Board Co-Chair | SellClass A Common Stock · indirect | 97 | $228.14 | $22.1K | 0 |
| Jun 24, 2026Form 4 · 10b5-1 | Prince MatthewCEO & Board Co-Chair | SellClass A Common Stock · indirect | 1.5K | $227.31 | $335.3K | 97 |
| Jun 24, 2026Form 4 · 10b5-1 | Prince MatthewCEO & Board Co-Chair | SellClass A Common Stock · indirect | 7.7K | $226.30 | $1.75M | 1.6K |
| Jun 24, 2026Form 4 · 10b5-1 | Prince MatthewCEO & Board Co-Chair | SellClass A Common Stock · indirect | 11.3K | $225.48 | $2.55M | 9.3K |
| Jun 24, 2026Form 4 · 10b5-1 | Prince MatthewCEO & Board Co-Chair | SellClass A Common Stock · indirect | 8.2K | $224.40 | $1.83M | 20.6K |