Cloudflare Inc.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Sep 2025 | Jun 2025 | Mar 2025 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-170.0M | $-22.9M | $-1.3M | $-50.4M | $-38.5M | $-15.3M | $-15.1M | $-35.5M |
| Depreciation & Amortization | — | $57.8M | — | — | $42.2M | — | — | $30.1M |
| Depreciation | $51.5M | $49.2M | $43.7M | $40.1M | $37.1M | $27.9M | $26.3M | $24.1M |
| Amortization | $7.4M | $7.2M | $3.7M | $3.7M | $3.2M | $2.4M | $2.0M | $5.3M |
| Stock-Based Compensation | — | $114.2M | — | — | $95.5M | — | — | $69.7M |
| Net Cash from Operating Activities | $117.6M | $158.3M | $167.1M | $99.8M | $145.8M | $104.7M | $74.8M | $73.6M |
| Investing Activities | ||||||||
| Capital Expenditures | $50.0M | $65.2M | $84.6M | $59.9M | $85.9M | $50.2M | $29.6M | $32.1M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | — | $-158.8M | — | — | $-92.4M | — | — | $97.0M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | — | $-9.5M | — | — | $3.5M | — | — | $21.0K |
| Net Change in Cash | — | $-9.9M | — | — | $56.9M | — | — | $170.6M |
| Free Cash Flow | $67.6M | $93.1M | $82.5M | $39.9M | $59.9M | $54.5M | $45.2M | $41.5M |