Cloudflare, Inc.

NET

NETCloudflare, Inc. US flag

New York Stock Exchange

228.48

USD

+1.04

- -

81.10BMarket Cap

Income Statement (USD)

MCP API Chat

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Sales/Revenue/Turnover	85	135	193	287	431	656	975	1,297	1,670	2,168
+ Sales & Services Revenue	85	135	193	287	431	656	975	1,297	1,670	2,168
- Cost of Revenue	24	29	44	63	101	147	233	307	379	553
+ Cost of Goods & Services	24	29	44	63	101	147	233	307	379	553
Gross Profit	61	106	149	224	330	509	743	990	1,291	1,615
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	78	116	234	332	437	637	944	1,175	1,446	1,823
+ Selling, General & Admin	54	82	180	241	310	448	646	817	1,024	1,310
+ Research & Development	24	34	54	91	127	189	298	358	421	512
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	-17	-10	-85	-108	-107	-128	-201	-185	-155	-207
- Non-Operating (Income) Loss	- -	- -	1	-3	18	120	-10	-8	-84	-114
+ Interest Expense, Net	- -	- -	-1	-5	18	47	-10	-62	-82	-122
+ Interest Expense	1	1	1	1	25	49	5	6	5	9
- Interest Income	1	1	2	6	7	2	15	68	87	131
+ Other Non-Op (Income) Loss	- -	- -	2	1	- -	73	-1	55	-2	8
Pretax Income	-17	-10	-86	-105	-125	-248	-191	-178	-71	-93
- Income Tax Expense (Benefit)	- -	1	1	1	-6	12	3	6	8	10
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-17	-11	-87	-106	-119	-260	-193	-184	-79	-102
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	-17	-11	-87	-106	-119	-260	-193	-184	-79	-102
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	-17	-11	-87	-106	-119	-260	-193	-184	-79	-102
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-17	-11	-87	-106	-119	-260	-193	-184	-79	-102
EBIT	-17	-10	-85	-108	-107	-128	-201	-185	-155	-207
EBITDA	-9	2	-66	-78	-57	-61	-99	-50	-27	-17
EBITDA Margin (%)	-10.23	1.81	-34.25	-27.34	-13.31	-9.3	-10.14	-3.83	-1.62	-0.81
EBITA	-17	-10	-85	-108	-107	-128	-201	-185	-155	-207
Gross Margin (%)	71.74	78.66	77.4	77.9	76.56	77.59	76.15	76.32	77.32	74.51
Operating Margin (%)	-20.08	-7.21	-44.06	-37.61	-24.77	-19.45	-20.63	-14.3	-9.27	-9.56
Profit Margin (%)	-20.44	-7.97	-45.24	-36.87	-27.69	-39.66	-19.83	-14.19	-4.72	-4.72
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	8	12	19	29	49	67	102	136	128	190
Basic Weighted Avg Shares	237	251	81	146	300	312	326	334	341	348
Basic EPS, GAAP	-0.07	-0.04	-1.08	-0.72	-0.4	-0.83	-0.59	-0.55	-0.23	-0.29
Basic EPS from Cont Ops	-0.07	-0.04	-1.08	-0.72	-0.4	-0.83	-0.59	-0.55	-0.23	-0.29
Diluted Weighted Avg Shares	237	251	81	146	300	312	326	334	341	348
Diluted EPS, GAAP	-0.07	-0.04	-1.08	-0.72	-0.4	-0.83	-0.59	-0.55	-0.23	-0.29
Diluted EPS from Cont Ops	-0.07	-0.04	-1.08	-0.72	-0.4	-0.83	-0.59	-0.55	-0.23	-0.29

Balance Sheet (USD)

MCP API Chat

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Current Assets	- -	92	197	690	1,130	1,956	1,888	1,983	2,269	4,645
+ Cash, Cash Equivalents & STI	- -	73	161	637	1,032	1,822	1,650	1,674	1,856	4,101
+ Cash & Cash Equivalents	- -	24	25	139	109	314	204	87	148	944
+ ST Investments	- -	49	136	498	923	1,508	1,446	1,587	1,708	3,158
+ Accounts & Notes Receiv	- -	15	27	36	67	102	157	259	333	406
+ Accounts Receivable, Net	- -	11	25	34	63	96	149	248	317	382
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	4	2	2	4	6	8	11	17	24
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	- -	3	9	17	31	32	81	50	80	138
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	- -	71	102	141	251	416	700	777	1,032	1,391
+ Property, Plant & Equip, Net	- -	51	73	101	167	314	419	461	636	856
+ Property, Plant & Equip	- -	79	113	169	249	434	598	680	916	1,236
- Accumulated Depreciation	- -	28	40	67	83	120	179	218	280	379
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	- -	20	28	39	84	102	281	315	396	535
+ Total Intangible Assets	- -	5	4	4	20	25	181	168	203	268
+ Goodwill	- -	4	4	4	17	24	148	148	181	227
+ Other Intangible Assets	- -	1	- -	- -	3	1	32	20	22	42
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	15	24	35	64	77	101	148	193	267
Total Assets	- -	163	298	831	1,381	2,372	2,588	2,760	3,301	6,036
+ Payables & Accruals	- -	8	22	23	35	64	104	117	187	193
+ Accounts Payable	- -	5	14	11	14	26	36	54	106	84
+ Accrued Taxes	- -	1	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	2	7	11	20	38	68	64	82	109
+ ST Debt	- -	- -	- -	- -	18	37	33	38	48	1,362
+ ST Borrowings	- -	- -	- -	- -	- -	12	- -	- -	- -	1,291
+ ST Finance Leases	- -	- -	- -	- -	18	25	33	38	48	71
+ Other ST Liabilities	- -	19	39	61	89	187	261	411	559	795
+ Deferred Revenue	- -	12	17	31	55	117	219	348	478	684
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	7	22	30	34	71	42	64	81	111
Total Current Liabilities	- -	27	61	84	141	289	398	567	794	2,351
+ LT Debt	- -	11	10	11	411	1,256	1,544	1,397	1,416	2,156
+ LT Borrowings	- -	- -	- -	- -	383	1,147	1,436	1,283	1,287	1,974
+ LT Finance Leases	- -	10	10	11	27	109	108	113	128	182
+ Other LT Liabilities	- -	185	340	11	12	12	22	33	46	70
+ Accrued Liabilities	- -	2	2	3	2	5	12	17	22	41
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	184	338	7	10	7	11	16	24	29
Total Noncurrent Liabilities	- -	196	351	21	422	1,268	1,566	1,430	1,461	2,227
Total Liabilities	- -	223	412	105	564	1,556	1,964	1,997	2,255	4,577
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	- -	49	82	1,027	1,237	1,495	1,476	1,785	2,153	2,652
+ Common Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	- -	49	82	1,027	1,237	1,495	1,475	1,785	2,153	2,651
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	- -	-109	-196	-302	-421	-681	-840	-1,024	-1,103	-1,205
+ Other Equity	- -	- -	- -	- -	- -	-3	-12	2	-4	12
Equity Before Minority Interest	- -	-60	-114	726	817	816	624	763	1,046	1,459
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	- -	-60	-114	726	817	816	624	763	1,046	1,459
Total Liabilities & Equity	- -	163	298	831	1,381	2,372	2,588	2,760	3,301	6,036
Shares Outstanding	- -	293	293	300	309	324	330	338	345	352
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	10	10	11	45	134	141	152	176	253
Net Debt	- -	-24	-25	-139	274	845	1,232	1,196	1,140	2,322
Net Debt to Equity	- -	39.83	21.85	-19.15	33.59	103.61	197.45	156.81	108.93	159.13
Tangible Common Equity Ratio	- -	-40.78	-40.03	87.3	58.57	33.7	18.42	22.97	27.22	20.64
Current Ratio	- -	3.39	3.21	8.22	7.99	6.78	4.74	3.5	2.86	1.98
Cash Conversion Cycle	- -	-14.43	-44.99	-36.56	-5.64	-6.11	-2.73	2.74	-15.12	-3.87

Cash Flow Statement (USD)

MCP API Chat

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

+ Net Income	-17	-11	-87	-106	-119	-260	-193	-184	-79	-102
+ Depreciation & Amortization	8	12	19	29	49	67	102	136	128	190
+ Non-Cash Items	7	7	37	50	114	255	294	407	440	613
+ Stock-Based Compensation	6	3	27	37	56	90	203	274	338	451
+ Deferred Income Taxes	-1	- -	- -	- -	-6	9	- -	2	2	1
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	2	4	9	13	64	156	91	131	100	160
+ Chg in Non-Cash Work Cap	-12	-5	-12	-13	-61	3	-79	-105	-109	-97
+ (Inc) Dec in Accts Receiv	-7	-5	-13	-12	-34	-38	-58	-116	-84	-85
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	-1	1	-6	-8	-12	-2	-8	-22	-38	-80
+ Inc (Dec) in Accts Payable	4	3	11	11	19	61	-15	38	47	51
+ Inc (Dec) in Other	-8	-4	-4	-5	-34	-17	2	-4	-34	17
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	-13	3	-43	-39	-17	65	124	254	380	603
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-19	-23	-35	-57	-56	-93	-144	-114	-185	-316
+ Acq of Fixed Prod Assets	-16	-19	-25	-43	-56	-93	-144	-114	-185	-316
+ Acq of Intangible Assets	-3	-4	-9	-14	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	- -	570	- -	- -	- -	- -	- -	- -
+ Increase in Capital Stock	- -	- -	- -	571	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	5	33	-86	-360	-427	-596	16	-45	-79	-1,415
+ Dec in LT Investment	80	80	59	177	840	993	1,149	1,832	1,493	2,122
+ Inc in LT Investment	-75	-47	-145	-537	-1,267	-1,589	-1,133	-1,878	-1,572	-3,537
+ Net Cash From Acq & Div	-1	- -	- -	- -	-14	-6	-88	-6	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	-1	- -	- -	- -	-14	-6	-88	-6	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	-18	-15	-20	-20	-66	-76
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-15	10	-121	-418	-515	-709	-236	-186	-330	-1,807
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	- -	-3	-1	- -	575	923	-17	-208	- -	2,000
+ Cash From Debt	- -	2	- -	- -	575	1,294	- -	- -	- -	2,000
+ Repayments of Debt	-1	-5	-1	-1	- -	-371	-17	-208	- -	- -
+ Other Financing Activities	1	3	169	1	-70	-75	23	15	13	4
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	- -	- -	169	571	505	847	6	-192	13	2,004
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	-28	13	5	114	-27	203	-106	-124	63	800
EBITDA	-9	2	-66	-78	-57	-61	-99	-50	-27	-17
EBITDA Margin (%)	-10.23	1.81	-34.25	-27.34	-13.31	-9.3	-10.14	-3.83	-1.62	-0.81
Free Cash Flow	-32	-20	-78	-96	-74	-28	-20	140	195	287
Net Cash Paid for Acquisitions	1	- -	- -	- -	14	6	88	6	- -	- -
Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow to Equity	- -	-19	-69	-83	501	895	-37	-68	195	2,287
Free Cash Flow per Basic Share	-0.13	-0.08	-0.96	-0.66	-0.25	-0.09	-0.06	0.42	0.57	0.83
Price/Free Cash Flow	- -	- -	- -	135.93	580.44	260.54	55.21	75.33	65.01	74.77
Cash Flow to Net Income	0.77	-0.29	0.5	0.37	0.14	-0.25	-0.64	-1.38	-4.83	-5.9
Capital Expenditures	-19	-23	-35	-57	-56	-93	-144	-114	-185	-316