Cloudflare Inc
XBER:8CF
Income Statement
Earnings Waterfall
Cloudflare Inc
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 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||
| Interest Expense |
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
6
|
15
|
25
|
35
|
41
|
43
|
49
|
41
|
31
|
20
|
5
|
6
|
6
|
6
|
6
|
5
|
5
|
5
|
5
|
6
|
6
|
7
|
9
|
|
| 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%
|
1 053
+8%
|
1 127
+7%
|
1 209
+7%
|
1 297
+7%
|
1 385
+7%
|
1 478
+7%
|
1 572
+6%
|
1 670
+6%
|
1 770
+6%
|
1 881
+6%
|
2 013
+7%
|
2 168
+8%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(29)
|
(31)
|
(35)
|
(39)
|
(44)
|
(49)
|
(53)
|
(58)
|
(63)
|
(70)
|
(79)
|
(90)
|
(101)
|
(112)
|
(123)
|
(134)
|
(147)
|
(162)
|
(183)
|
(207)
|
(233)
|
(256)
|
(275)
|
(292)
|
(307)
|
(322)
|
(335)
|
(353)
|
(379)
|
(410)
|
(449)
|
(500)
|
(553)
|
|
| Gross Profit |
106
N/A
|
120
+13%
|
133
+11%
|
137
+3%
|
149
+9%
|
164
+10%
|
181
+11%
|
200
+11%
|
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%
|
797
+7%
|
852
+7%
|
917
+8%
|
990
+8%
|
1 064
+7%
|
1 142
+7%
|
1 219
+7%
|
1 291
+6%
|
1 361
+5%
|
1 433
+5%
|
1 514
+6%
|
1 615
+7%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||
| Operating Expenses |
(116)
|
(135)
|
(163)
|
(209)
|
(234)
|
(255)
|
(272)
|
(296)
|
(332)
|
(374)
|
(401)
|
(411)
|
(437)
|
(467)
|
(514)
|
(566)
|
(637)
|
(777)
|
(874)
|
(878)
|
(944)
|
(1 006)
|
(1 052)
|
(1 111)
|
(1 175)
|
(1 307)
|
(1 314)
|
(1 382)
|
(1 431)
|
(1 514)
|
(1 615)
|
(1 703)
|
(1 816)
|
|
| Selling, General & Administrative |
(82)
|
(98)
|
(121)
|
(160)
|
(180)
|
(194)
|
(205)
|
(216)
|
(241)
|
(267)
|
(286)
|
(292)
|
(310)
|
(334)
|
(367)
|
(404)
|
(448)
|
(488)
|
(551)
|
(598)
|
(646)
|
(693)
|
(725)
|
(769)
|
(817)
|
(892)
|
(936)
|
(984)
|
(1 009)
|
(1 066)
|
(1 134)
|
(1 212)
|
(1 302)
|
|
| Research & Development |
(34)
|
(37)
|
(42)
|
(49)
|
(55)
|
(61)
|
(67)
|
(80)
|
(91)
|
(106)
|
(116)
|
(119)
|
(127)
|
(133)
|
(147)
|
(162)
|
(189)
|
(217)
|
(251)
|
(280)
|
(298)
|
(313)
|
(327)
|
(341)
|
(358)
|
(364)
|
(377)
|
(398)
|
(421)
|
(449)
|
(481)
|
(491)
|
(512)
|
|
| Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(2)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(72)
|
(72)
|
0
|
0
|
0
|
0
|
0
|
2
|
(50)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Operating Income |
(10)
N/A
|
(15)
-57%
|
(30)
-99%
|
(72)
-137%
|
(85)
-18%
|
(91)
-7%
|
(90)
+1%
|
(95)
-5%
|
(108)
-13%
|
(127)
-18%
|
(132)
-4%
|
(112)
+15%
|
(107)
+5%
|
(102)
+5%
|
(106)
-4%
|
(111)
-5%
|
(128)
-15%
|
(209)
-63%
|
(244)
-17%
|
(192)
+22%
|
(201)
-5%
|
(208)
-4%
|
(200)
+4%
|
(193)
+3%
|
(185)
+4%
|
(243)
-31%
|
(171)
+30%
|
(163)
+5%
|
(140)
+14%
|
(154)
-10%
|
(182)
-19%
|
(189)
-4%
|
(201)
-6%
|
|
| 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
|
22
|
36
|
51
|
62
|
71
|
77
|
81
|
82
|
82
|
85
|
104
|
122
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(72)
|
(72)
|
0
|
0
|
0
|
0
|
0
|
(50)
|
(50)
|
(50)
|
0
|
0
|
0
|
(15)
|
0
|
(4)
|
(4)
|
(6)
|
|
| Total Other Income |
0
|
(0)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
(0)
|
(1)
|
(0)
|
(1)
|
(1)
|
(0)
|
2
|
1
|
0
|
(2)
|
(4)
|
(4)
|
(2)
|
(1)
|
(4)
|
2
|
(3)
|
(7)
|
(4)
|
(8)
|
|
| Pre-Tax Income |
(10)
N/A
|
(16)
-62%
|
(31)
-98%
|
(73)
-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%
|
(186)
+2%
|
(216)
-16%
|
(197)
+9%
|
(178)
+10%
|
(174)
+2%
|
(95)
+45%
|
(86)
+10%
|
(71)
+17%
|
(75)
-5%
|
(108)
-45%
|
(93)
+14%
|
(93)
+1%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||
| Tax Provision |
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
2
|
5
|
6
|
6
|
8
|
8
|
(12)
|
(14)
|
(18)
|
(22)
|
(3)
|
(4)
|
(5)
|
(5)
|
(6)
|
(7)
|
(7)
|
(8)
|
(8)
|
(7)
|
(9)
|
(10)
|
(10)
|
|
| Income from Continuing Operations |
(11)
|
(16)
|
(31)
|
(75)
|
(87)
|
(93)
|
(91)
|
(94)
|
(106)
|
(121)
|
(128)
|
(114)
|
(119)
|
(127)
|
(136)
|
(217)
|
(260)
|
(262)
|
(290)
|
(225)
|
(193)
|
(190)
|
(221)
|
(202)
|
(184)
|
(181)
|
(102)
|
(94)
|
(79)
|
(82)
|
(117)
|
(103)
|
(102)
|
|
| Net Income (Common) |
(11)
N/A
|
(16)
-52%
|
(31)
-92%
|
(75)
-139%
|
(87)
-17%
|
(93)
-6%
|
(91)
+1%
|
(94)
-3%
|
(106)
-12%
|
(121)
-15%
|
(128)
-5%
|
(114)
+11%
|
(119)
-5%
|
(127)
-6%
|
(136)
-7%
|
(217)
-59%
|
(260)
-20%
|
(262)
-1%
|
(290)
-11%
|
(225)
+22%
|
(193)
+14%
|
(190)
+2%
|
(221)
-16%
|
(202)
+9%
|
(184)
+9%
|
(181)
+1%
|
(102)
+44%
|
(94)
+8%
|
(79)
+16%
|
(82)
-4%
|
(117)
-43%
|
(103)
+12%
|
(102)
+1%
|
|
| EPS (Diluted) |
-0.04
N/A
|
-0.05
-25%
|
-0.1
-100%
|
-0.25
-150%
|
-0.3
-20%
|
-0.32
-7%
|
-0.32
N/A
|
-0.33
-3%
|
-0.72
-118%
|
-0.41
+43%
|
-0.42
-2%
|
-0.37
+12%
|
-0.4
-8%
|
-0.42
-5%
|
-0.45
-7%
|
-0.7
-56%
|
-0.83
-19%
|
-0.8
+4%
|
-0.91
-14%
|
-0.7
+23%
|
-0.59
+16%
|
-0.59
N/A
|
-0.67
-14%
|
-0.61
+9%
|
-0.55
+10%
|
-0.53
+4%
|
-0.29
+45%
|
-0.26
+10%
|
-0.23
+12%
|
-0.23
N/A
|
-0.34
-48%
|
-0.3
+12%
|
-0.29
+3%
|
|