
Cloudflare Inc
NYSE:NET

Income Statement
Earnings Waterfall
Cloudflare Inc
Revenue
|
975M
USD
|
Cost of Revenue
|
-232.6M
USD
|
Gross Profit
|
743M
USD
|
Operating Expenses
|
-943.8M
USD
|
Operating Income
|
-201.2M
USD
|
Other Expenses
|
7.8M
USD
|
Net Income
|
-193.4M
USD
|
Income Statement
Cloudflare Inc
Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||
Revenue |
135
N/A
|
152
+12%
|
168
+11%
|
176
+5%
|
193
+10%
|
213
+10%
|
235
+10%
|
259
+10%
|
287
+11%
|
317
+10%
|
349
+10%
|
389
+12%
|
431
+11%
|
478
+11%
|
531
+11%
|
589
+11%
|
656
+11%
|
731
+11%
|
813
+11%
|
894
+10%
|
975
+9%
|
|
Gross Profit | ||||||||||||||||||||||
Cost of Revenue |
(29)
|
(32)
|
(35)
|
(39)
|
(44)
|
(49)
|
(53)
|
(58)
|
(63)
|
(70)
|
(79)
|
(90)
|
(101)
|
(112)
|
(123)
|
(134)
|
(147)
|
(162)
|
(183)
|
(207)
|
(233)
|
|
Gross Profit |
106
N/A
|
120
+13%
|
133
+11%
|
137
+3%
|
149
+9%
|
164
+10%
|
181
+11%
|
200
+10%
|
224
+12%
|
247
+10%
|
270
+9%
|
299
+11%
|
330
+10%
|
366
+11%
|
407
+11%
|
455
+12%
|
509
+12%
|
568
+12%
|
630
+11%
|
687
+9%
|
743
+8%
|
|
Operating Income | ||||||||||||||||||||||
Operating Expenses |
(116)
|
(135)
|
(163)
|
(209)
|
(234)
|
(255)
|
(272)
|
(296)
|
(332)
|
(374)
|
(401)
|
(411)
|
(437)
|
(467)
|
(513)
|
(566)
|
(637)
|
(777)
|
(874)
|
(878)
|
(944)
|
|
Selling, General & Administrative |
(82)
|
(98)
|
(121)
|
(160)
|
(180)
|
(194)
|
(205)
|
(216)
|
(241)
|
(267)
|
(286)
|
(292)
|
(310)
|
(334)
|
(367)
|
(404)
|
(448)
|
(488)
|
(551)
|
(598)
|
(646)
|
|
Research & Development |
(34)
|
(38)
|
(42)
|
(49)
|
(55)
|
(61)
|
(67)
|
(80)
|
(91)
|
(107)
|
(116)
|
(119)
|
(127)
|
(133)
|
(147)
|
(162)
|
(189)
|
(217)
|
(251)
|
(280)
|
(298)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(72)
|
(72)
|
0
|
0
|
|
Operating Income |
(10)
N/A
|
(15)
-57%
|
(30)
-99%
|
(72)
-137%
|
(85)
-18%
|
(91)
-7%
|
(91)
+1%
|
(95)
-5%
|
(108)
-13%
|
(127)
-18%
|
(132)
-4%
|
(112)
+15%
|
(107)
+5%
|
(102)
+4%
|
(106)
-4%
|
(111)
-5%
|
(128)
-15%
|
(209)
-63%
|
(244)
-17%
|
(192)
+22%
|
(201)
-5%
|
|
Pre-Tax Income | ||||||||||||||||||||||
Interest Income Expense |
(0)
|
(0)
|
0
|
0
|
1
|
2
|
2
|
3
|
5
|
7
|
3
|
(6)
|
(18)
|
(31)
|
(37)
|
(41)
|
(47)
|
(38)
|
(27)
|
(13)
|
10
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(72)
|
(72)
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
(0)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(2)
|
(1)
|
(1)
|
(0)
|
0
|
(0)
|
(1)
|
(0)
|
(1)
|
(1)
|
(0)
|
2
|
1
|
|
Pre-Tax Income |
(10)
N/A
|
(16)
-62%
|
(31)
-97%
|
(74)
-137%
|
(86)
-17%
|
(92)
-6%
|
(90)
+2%
|
(94)
-4%
|
(105)
-12%
|
(121)
-16%
|
(130)
-7%
|
(119)
+9%
|
(125)
-5%
|
(133)
-6%
|
(144)
-9%
|
(225)
-56%
|
(248)
-10%
|
(248)
0%
|
(272)
-10%
|
(203)
+25%
|
(191)
+6%
|
|
Net Income | ||||||||||||||||||||||
Tax Provision |
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
2
|
5
|
6
|
6
|
8
|
8
|
(12)
|
(14)
|
(18)
|
(22)
|
(3)
|
|
Income from Continuing Operations |
(11)
|
(16)
|
(31)
|
(75)
|
(87)
|
(93)
|
(92)
|
(94)
|
(106)
|
(122)
|
(128)
|
(114)
|
(119)
|
(127)
|
(136)
|
(217)
|
(260)
|
(262)
|
(290)
|
(225)
|
(193)
|
|
Net Income (Common) |
(11)
N/A
|
(16)
-52%
|
(31)
-92%
|
(75)
-139%
|
(87)
-17%
|
(93)
-6%
|
(92)
+1%
|
(94)
-3%
|
(106)
-12%
|
(122)
-15%
|
(128)
-5%
|
(114)
+11%
|
(119)
-5%
|
(127)
-6%
|
(136)
-7%
|
(217)
-59%
|
(260)
-20%
|
(262)
-1%
|
(290)
-11%
|
(225)
+22%
|
(193)
+14%
|