Operating Income for Cloudflare (NET)
According to Cloudflare's latest reported financial statements, the company's current operating income (TTM) is -$203.41M USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
NET
Currently viewingRevenueSwitch metric
TTM (last 4 quarters)
-$203.41M
YoY change
+31.4%
5Y CAGR
N/A
Peak year (2017)
-$9.73M
Cumulative operating income
-$1.35B
Operating Income history chart for Cloudflare (NET) from 2016 to 2025
Operating Income history table for Cloudflare (NET) from 2016 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | -$203.30M | +31.4% | ||
| 2024 | -$154.76M | -38.3% | ||
| 2023 | -$250.88M | +0.9% | ||
| 2022 | -$248.76M | +67.8% | ||
| 2021 | -$148.20M | +34.1% | ||
| 2020 | -$110.49M | -6.6% | ||
| 2019 | -$118.25M | +39.3% | ||
| 2018 | -$84.90M | +772.5% | ||
| 2017 | -$9.73M | -42.9% | ||
| 2016 | -$17.03M | — |
Operating Income 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
Cloudflare (NET) most recent annual operating income stands at -$203.30M (2025) – surged 31.4% year-over-year.
Across the available history, operating income reached its high of -$9.73M in 2017 and its low of -$250.88M in 2023.
Among 8 Technology peers, Cloudflare (NET) ranks 9th; the peer median for operating income is $77.01B.
Cloudflare Operating Income by Year
Cloudflare Operating Income 2025: -$203.30M
Cloudflare operating income in 2025 was -$203.30M, surged 31.4% from 2024.
Cloudflare Operating Income 2024: -$154.76M
Cloudflare operating income in 2024 was -$154.76M, plunged 38.3% below 2023.
Cloudflare Operating Income 2023: -$250.88M
Cloudflare operating income in 2023 was -$250.88M, edged up 0.9% from 2022. This figure represents the lowest annual value in the available history.
Cloudflare Operating Income 2022: -$248.76M
Cloudflare operating income in 2022 was -$248.76M, surged 67.8% from 2021.
Cloudflare Operating Income 2021: -$148.20M
Cloudflare operating income in 2021 was -$148.20M.
See more financial history for Cloudflare (NET).
Sector peers — Operating Income
Companies in the same sector as Cloudflare, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $1.96T | Technology |
| Apple Inc. (AAPL) | $133.05B | Technology |
| NVIDIA Corporation (NVDA) | $130.39B | Technology |
| Microsoft Corporation (MSFT) | $128.53B | Technology |
| Broadcom Inc. (AVGO) | $25.48B | Technology |
| ASML Holding N.V. (ASML) | $11.30B | Technology |
| Micron Technology, Inc. (MU) | $9.87B | Technology |
| Advanced Micro Devices, Inc. (AMD) | $3.69B | Technology |
Frequently asked questions
What is Cloudflare's operating income?
- Latest reported operating income for Cloudflare (NET) is -$203.41M (period ending December 31, 2025).
How has Cloudflare operating income changed year-over-year?
- Cloudflare (NET) operating income changed +31.4% year-over-year on the latest annual filing.
When did Cloudflare operating income hit its highest annual value?
- Cloudflare operating income reached its highest annual value of -$9.73M in 2017.
What was Cloudflare operating income in 2024?
- Cloudflare (NET) operating income in 2024 was -$154.76M.
What was Cloudflare operating income in 2025?
- Cloudflare (NET) operating income in 2025 was -$203.30M.
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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