Cloudflare Inc.
Income Statement
| Line Item | Jun 2026 | Mar 2026 | Sep 2025 | Jun 2025 | Mar 2025 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $696.1M | $639.8M | $562.0M | $512.3M | $479.1M | $430.1M | $401.0M | $378.6M |
| Cost of Revenue | $196.5M | $184.2M | $146.3M | $128.7M | $115.6M | $96.0M | $89.0M | $85.0M |
| Gross Profit | $499.5M | $455.6M | $415.7M | $383.6M | $363.5M | $334.1M | $312.0M | $293.6M |
| Gross Margin | 71.8% | 71.2% | 74.0% | 74.9% | 75.9% | 77.7% | 77.8% | 77.5% |
| Operating Expenses | ||||||||
| Research & Development | $159.5M | $151.0M | $121.0M | $134.6M | $115.1M | $110.9M | $102.5M | $87.7M |
| SG&A Expense | $118.9M | $95.0M | $95.9M | $97.0M | $87.7M | $68.8M | $69.6M | $66.3M |
| Operating Income | $-205.7M | $-62.0M | $-37.5M | $-67.3M | $-53.2M | $-30.8M | $-34.7M | $-54.6M |
| Operating Margin | -29.6% | -9.7% | -6.7% | -13.1% | -11.1% | -7.2% | -8.7% | -14.4% |
| Interest Expense | — | — | — | — | — | — | — | $1.1M |
| Pretax Income | $-167.9M | $-21.4M | $1.9M | $-47.3M | $-36.8M | $-12.8M | $-13.9M | $-33.3M |
| Income Tax Expense | $2.0M | $1.5M | $3.1M | $3.2M | $1.7M | $2.5M | $1.1M | $2.3M |
| Net Income | $-170.0M | $-22.9M | $-1.3M | $-50.4M | $-38.5M | $-15.3M | $-15.1M | $-35.5M |
| Net Margin | -24.4% | -3.6% | -0.2% | -9.8% | -8.0% | -3.6% | -3.8% | -9.4% |
| EPS (Basic) | $-0.48 | $-0.07 | $0.00 | $-0.15 | $-0.11 | $-0.04 | $-0.04 | $-0.10 |
| EPS (Diluted) | $-0.48 | $-0.07 | $0.00 | $-0.15 | $-0.11 | $-0.04 | $-0.04 | $-0.10 |
| Shares Outstanding (Basic) | 354.3M | 352.6M | 349.3M | 347.5M | 345.7M | 342.4M | 340.6M | 338.6M |
| Shares Outstanding (Diluted) | 354.3M | 352.6M | 349.3M | 347.5M | 345.7M | 342.4M | 340.6M | 338.6M |
| Dividends Per Share | — | — | — | — | — | — | — | — |