EBITDA for Cloudflare (NET)
According to Cloudflare's latest reported financial statements, the company's current EBITDA (TTM) is $237.42M USD. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a common proxy for operating cash generation that strips out non-cash charges (depreciation and amortization) and capital structure effects (interest, taxes). Useful for comparing companies with different leverage and asset bases — see operating income and net income for fully GAAP figures.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
NET
Currently viewingEBITDASwitch metric
TTM (last 4 quarters)
$237.42M
YoY change
+234.3%
5Y CAGR
N/A
Peak year (2025)
$207.43M
Cumulative EBITDA
-$189.69M
EBITDA history chart for Cloudflare (NET) from 2016 to 2025
EBITDA history table for Cloudflare (NET) from 2016 to 2025
| Fiscal year | Period ended | Reported | EBITDA | YoY |
|---|---|---|---|---|
| 2025 | $207.43M | +234.3% | ||
| 2024 | $62.05M | -245.6% | ||
| 2023 | -$42.62M | -53.7% | ||
| 2022 | -$92.13M | -26.4% | ||
| 2021 | -$125.17M | +186.5% | ||
| 2020 | -$43.69M | -48.3% | ||
| 2019 | -$84.42M | +27.5% | ||
| 2018 | -$66.19M | -2093.1% | ||
| 2017 | $3.32M | -140.2% | ||
| 2016 | -$8.26M | — |
EBITDA values are taken from Cloudflare's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, Cloudflare (NET) reported EBITDA of $207.43M – surged 234.3% year-over-year.
Across the available history, EBITDA reached its high of $207.43M in 2025 and its low of -$125.17M in 2021.
Cloudflare (NET) sits 9th of 8 Technology peers we track on this metric, against a peer median of $89.57B.
Cloudflare EBITDA by Year
Cloudflare EBITDA 2025: $207.43M
Cloudflare EBITDA in 2025 was $207.43M, surged 234.3% from 2024. This figure represents the highest annual value in the available history.
Cloudflare EBITDA 2024: $62.05M
Cloudflare EBITDA in 2024 was $62.05M, plunged 245.6% below 2023.
Cloudflare EBITDA 2023: -$42.62M
Cloudflare EBITDA in 2023 was -$42.62M, plunged 53.7% below 2022.
Cloudflare EBITDA 2022: -$92.13M
Cloudflare EBITDA in 2022 was -$92.13M, declined 26.4% below 2021.
Cloudflare EBITDA 2021: -$125.17M
Cloudflare EBITDA in 2021 was -$125.17M.
See more financial history for Cloudflare (NET).
Sector peers — EBITDA
Companies in the same sector as Cloudflare, ranked by their latest EBITDA.
| Company | EBITDA | Sector |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $2.75T | Technology |
| Microsoft Corporation (MSFT) | $160.16B | Technology |
| NVIDIA Corporation (NVDA) | $144.55B | Technology |
| Apple Inc. (AAPL) | $144.43B | Technology |
| Broadcom Inc. (AVGO) | $34.71B | Technology |
| Micron Technology, Inc. (MU) | $18.49B | Technology |
| ASML Holding N.V. (ASML) | $12.55B | Technology |
| Advanced Micro Devices, Inc. (AMD) | $7.28B | Technology |
Frequently asked questions
What is Cloudflare's EBITDA?
- Latest reported EBITDA for Cloudflare (NET) is $237.42M (period ending December 31, 2025).
How has Cloudflare EBITDA changed year-over-year?
- Cloudflare (NET) EBITDA changed +234.3% year-over-year on the latest annual filing.
When did Cloudflare EBITDA hit its highest annual value?
- Cloudflare EBITDA reached its highest annual value of $207.43M in 2025.
What was Cloudflare EBITDA in 2024?
- Cloudflare (NET) EBITDA in 2024 was $62.05M.
What was Cloudflare EBITDA in 2025?
- Cloudflare (NET) EBITDA in 2025 was $207.43M.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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