# Cloudflare, Inc. (NET) FY2024 Annual P&L / Income Statement

- Company: Cloudflare, Inc. (NET)
- Period: 2024-01-01 to 2024-12-31
- Filing: FY2024 10-K, filed 2025-02-20, accession number 0001477333-25-000043
- Page: https://plicit.ai/financials/net/fy2024-annual-income-statement
- Chart image: https://plicit.ai/charts/net-fy2024-annual-income-statement-sankey.png

## Chart details: Revenue by Geography

Income statement for 2024-01-01 through 2024-12-31. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Revenue**: 1,669,626,000 US dollars
- **Cost of revenue**: 378,702,000 US dollars
- **Gross profit**: 1,290,924,000 US dollars
- **Total operating expenses**: 1,445,685,000 US dollars
- **Loss from operations**: negative 154,761,000 US dollars
- **Total non-operating income, net**: 83,890,000 US dollars
- **Loss before income taxes**: negative 70,871,000 US dollars
- **Provision for income taxes**: 7,929,000 US dollars
- **Net loss**: negative 78,800,000 US dollars
- **UNITED STATES**: 849,500,000 US dollars
- **Europe, Middle East, and Africa**: 466,499,000 US dollars
- **Asia Pacific**: 223,234,000 US dollars
- **Other**: 130,393,000 US dollars
- **General and administrative**: 278,520,000 US dollars
- **Research and development**: 421,374,000 US dollars
- **Sales and marketing**: 745,791,000 US dollars

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.

## Chart details: Revenue by Sales Channel

- Page: https://plicit.ai/financials/net/fy2024-annual-income-statement/revenue-by-sales-channel
- Chart image: https://plicit.ai/charts/net-fy2024-annual-revenue-by-sales-channel-sankey.png

Income statement for 2024-01-01 through 2024-12-31. View: Contract with Customer, Sales Channel. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Revenue**: 1,669,626,000 US dollars
- **Cost of revenue**: 378,702,000 US dollars
- **Gross profit**: 1,290,924,000 US dollars
- **Total operating expenses**: 1,445,685,000 US dollars
- **Loss from operations**: negative 154,761,000 US dollars
- **Total non-operating income, net**: 83,890,000 US dollars
- **Loss before income taxes**: negative 70,871,000 US dollars
- **Provision for income taxes**: 7,929,000 US dollars
- **Net loss**: negative 78,800,000 US dollars
- **Channel partners**: 337,394,000 US dollars
- **Direct customers**: 1,332,232,000 US dollars
- **General and administrative**: 278,520,000 US dollars
- **Research and development**: 421,374,000 US dollars
- **Sales and marketing**: 745,791,000 US dollars

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.