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

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

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.