Cloudflare, Inc. (NET) Financial Statement Analysis

2026-04-01 to 2026-06-30

Cloudflare, Inc. (NET) Income Statement (Sankey)

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SourcesRevenueGrossOperatingPre-taxNet+ Treasury & other+$37.8MAs filed pretax minus operating profitTotal Revenue$696M+36% YoYGross Profit$500M71.8% MarginOperating Profit-$206M-29.6% MarginPre-Tax Income-$168M-24.1% MarginGAAP Net Profit-$170M-24.4% MarginUnited States$354M+41% YoYOperating Expenses$705M101.3% of RevTax Provision$2.0M-1.2% Effective TaxEMEA$187M+30% YoYSales and Marketing$276M39.7% of RevCost of Revenue$197M28.2% of RevAsia Pacific$99.4M+32% YoYResearch and Development$159M22.9% of RevOther GeographicalRegions$55.1M+32% YoYRestructuring$151M21.6% of RevGeneral and Administrative$119M17.1% of Rev
Bar height is dollars. Insights will appear only after the financial statement has been analyzed.
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Gross margin

71.8%

Gross profit / revenue

Operating margin

-29.6%

Operating profit / revenue

Cash conversion

$118M

Operating cash; GAAP loss so conversion % is omitted

Notes

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