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Below are the financial statements of Cloudflare, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
Below are the financial statements of Cloudflare, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue | 1,669.63a | 1,296.75a | 975.24a |
| Cost of revenue | -378.7a | -307.01a | -232.61a |
| Gross profit | 1,290.92a | 989.74a | 742.63a |
| Operating expenses | — | — | — |
| Sales and marketing | -745.79a | -599.12a | -465.76a |
| Research and development | -421.37a | -358.14a | -298.3a |
| General and administrative | -278.52a | -217.97a | -179.77a |
| Total operating expenses | -1,445.69a | -1,175.23a | -943.83a |
| Loss from operations | -154.76a | -185.49a | -201.2a |
| Non-operating income (expense) | — | — | — |
| Interest income | 87.43a | 68.17a | 14.88a |
| Interest expense | -5.2a | -5.87a | -4.98a |
| Loss on extinguishment of debt | 0a | -50.3a | 0a |
| Other income (expense), net | 1.66a | -4.37a | 0.58a |
| Total non-operating income, net | 83.89a | 7.62a | 10.47a |
| Loss before income taxes | -70.87a | -177.86a | -190.73a |
| Provision for income taxes | -7.93a | -6.09a | -2.65a |
| Net loss | -78.8a | -183.95a | -193.38a |
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