Cloudflare, Inc.
NET- Exchange
- NYSE
- Industry
- Services-Prepackaged Software
- SEC CIK
- 0001477333
In the last 90 days, Cloudflare, Inc. insiders filed 0 open-market purchases and 11 sales; 1,234 institutions reported holding it in 13F filings for Q2 2026, worth $69.8B in total; superinvestors ARK Invest and Soros Fund Management hold it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Nov 8, 2026, 10:50 PM ET
Revenue flow, Q3 FY2026
Where the revenue went in Q3 FY2026, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Net loss for Q3 FY2026: $34.1M (4.4% of revenue).
Income statement
Each column is one quarter, newest first.
| Line item | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025† | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024† |
|---|---|---|---|---|---|---|---|---|
| Period end | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 |
| Filing | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K |
| Reported | Nov 5, 2026 | Aug 6, 2026 | May 7, 2026 | Feb 10, 2026 | Oct 30, 2025 | Jul 31, 2025 | May 8, 2025 | Feb 6, 2025 |
| Revenue | $782.5M | $696.1M | $639.8M | $614.5M† | $562.0M | $512.3M | $479.1M | $459.9M† |
| Cost of revenue | $225.3M | $196.5M | $184.2M | $162.0M† | $146.3M | $128.7M | $115.6M | $108.7M† |
| Gross profit | $557.2M | $499.5M | $455.6M | $452.6M† | $415.7M | $383.6M | $363.5M | $351.3M† |
| Operating expenses | $625.2M | $705.2M | $517.6M | $501.8M† | $453.2M | $450.9M | $416.8M | $386.0M† |
| Research and development | $168.2M | $159.5M | $151.0M | $141.9M† | $121.0M | $134.6M | $115.1M | $120.2M† |
| Selling, general and administrative | $108.0M | $118.9M | $95.0M | $108.8M† | $95.9M | $97.0M | $87.7M | $73.8M† |
| Operating income | -$67.9M | -$205.7M | -$62.0M | -$49.2M† | -$37.5M | -$67.3M | -$53.2M | -$34.7M† |
| Income tax | $6.77M | $2.04M | $1.53M | $1.57M† | $3.14M | $3.16M | $1.70M | $2.00M† |
| Net income | -$34.1M | -$170.0M | -$22.9M | -$12.1M† | -$1.29M | -$50.4M | -$38.5M | -$12.8M† |
| EPS, basic | $-0.10 | $-0.48 | $-0.07 | – | $0.00 | $-0.15 | $-0.11 | – |
| EPS, diluted | $-0.10 | $-0.48 | $-0.07 | – | $0.00 | $-0.15 | $-0.11 | – |
| Weighted shares, basic | 357.1M | 354.3M | 352.6M | – | 349.3M | 347.5M | 345.7M | – |
| Weighted shares, diluted | 357.1M | 354.3M | 352.6M | – | 349.3M | 347.5M | 345.7M | – |
| Margins and growth | ||||||||
| Gross margin | 71.2% | 71.8% | 71.2% | 73.6% | 74.0% | 74.9% | 75.9% | 76.4% |
| Operating margin | -8.7% | -29.6% | -9.7% | -8.0% | -6.7% | -13.1% | -11.1% | -7.5% |
| Net margin | -4.4% | -24.4% | -3.6% | -2.0% | -0.2% | -9.8% | -8.0% | -2.8% |
| Revenue growth, year over year | +39.2% | +35.9% | +33.5% | +33.6% | +30.7% | +27.8% | +26.5% | +26.9% |
Balance sheet
Each column is one quarter, newest first.
| Line item | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025† | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024† |
|---|---|---|---|---|---|---|---|---|
| Period end | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 |
| Filing | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K |
| Reported | Nov 5, 2026 | Aug 6, 2026 | May 7, 2026 | Feb 10, 2026 | Oct 30, 2025 | Jul 31, 2025 | May 8, 2025 | Feb 6, 2025 |
| Cash and equivalents | $1.97B | $1.66B | $932.2M | $943.5M | $1.05B | $1.52B | $204.5M | $147.7M |
| Accounts receivable | $478.3M | $422.9M | $379.6M | $382.5M | $351.9M | $307.5M | $286.3M | $316.8M |
| Total current assets | $5.84B | $4.78B | $4.72B | $4.64B | $4.54B | $4.41B | $2.62B | $2.27B |
| Property, plant and equipment | $816.0M | $703.2M | $631.1M | $618.7M | $588.4M | $547.3M | $513.9M | $467.4M |
| Goodwill | $375.8M | $376.2M | $233.5M | $226.6M | $181.1M | $181.1M | $181.1M | $181.1M |
| Intangible assets | $48.2M | $57.4M | $38.3M | $41.8M | $18.4M | $22.1M | $23.9M | $21.9M |
| Total assets | $7.70B | $6.47B | $6.16B | $6.04B | $5.79B | $5.56B | $3.72B | $3.30B |
| Accounts payable | $221.7M | $127.0M | $58.8M | $84.1M | $85.9M | $95.7M | $93.8M | $105.8M |
| Total current liabilities | $1.54B | $2.63B | $2.41B | $2.35B | $2.22B | $857.6M | $821.0M | $793.7M |
| Total liabilities | $6.23B | $4.85B | $4.64B | $4.58B | $4.44B | $4.32B | $2.30B | $2.25B |
| Shareholders' equity | $1.46B | $1.62B | $1.53B | $1.46B | $1.35B | $1.24B | $1.43B | $1.05B |
Cash flow statement
Each column is one quarter, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | Q3 FY2026† | Q2 FY2026† | Q1 FY2026 | Q4 FY2025† | Q3 FY2025† | Q2 FY2025† | Q1 FY2025 | Q4 FY2024† |
|---|---|---|---|---|---|---|---|---|
| Period end | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 |
| Filing | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K |
| Reported | Nov 5, 2026 | Aug 6, 2026 | May 7, 2026 | Feb 10, 2026 | Oct 30, 2025 | Jul 31, 2025 | May 8, 2025 | Feb 6, 2025 |
| Operating cash flow | $215.4M† | $117.6M† | $158.3M | $190.4M† | $167.1M† | $99.8M† | $145.8M | $127.3M† |
| Capital expenditures | $121.8M† | $50.0M† | $65.2M | $85.2M† | $84.6M† | $59.9M† | $85.9M | $73.2M† |
| Free cash flow | $93.6M | $67.6M | $93.1M | $105.2M | $82.5M | $39.9M | $59.9M | $54.2M |
| Depreciation and amortization | $67.4M† | $65.4M† | $57.8M | $52.6M† | $49.5M† | $45.5M† | $42.2M | $36.2M† |
| Stock-based compensation | $167.6M† | $159.9M† | $114.2M | $123.6M† | $109.9M† | $122.4M† | $95.5M | $94.5M† |
| Share buybacks | – | – | – | – | – | – | – | $0† |
| Investing cash flow | -$806.6M† | $608.2M† | -$158.8M | -$291.7M† | -$629.5M† | -$793.0M† | -$92.4M | -$167.0M† |
| Financing cash flow | $896.9M† | $5.79M† | -$9.47M | -$3.83M† | -$3.57M† | $2.01B† | $3.52M | $8.03M† |
| Net change in cash | $305.7M† | $731.5M† | -$9.94M | -$105.1M† | -$466.0M† | $1.31B† | $56.9M | -$31.7M† |
| Ratio | ||||||||
| Stock-based compensation, % of revenue | 21.4% | 23.0% | 17.9% | 20.1% | 19.6% | 23.9% | 19.9% | 20.5% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
Cloudflare, Inc. reports no single share count on its 10-K and 10-Q covers. Companies with several share classes report one count per class, which this data doesn't include.
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
- Values marked † are derived: Q4 is the full year minus the first three quarters, single-quarter cash flows are year-to-date figures minus the previous year-to-date figures, and the Q4 balance sheet is the year-end balance sheet.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.