Cloudflare, Inc.
Close on Nov 2, 2026Market cap $94.42BP/E –Yield –
Cloudflare Non-GAAP operating income / (loss) by Year
Non-GAAP operating income / (loss) ($M)
Cloudflare Non-GAAP operating income / (loss): $304M in 2025, up 32.1% from a year earlier. That is the highest of the 8 years on record here.
Where the 2025 figure comes from
“Non-GAAP income from operations | $ | 89,597 | $ | 67,247 | $ | 303,851 | $ | 230,111”
Source: Cloudflare Form 8-K Earnings Release (FY2025Q4), filed 2026-02-10 ↗
Reported in Cloudflare Quarterly Supplemental Financial Information, Form 8-K & Earnings Call Remarks.
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Non-GAAP operating income / (loss) ($M) | Year on year | Source |
|---|---|---|---|---|
| 2025 | Dec 31, 2025 | 304 | +32.1% | Cloudflare Form 8-K Earnings Release (FY2025Q4), filed 2026-02-10 ↗ |
| 2024 | Dec 31, 2024 | 230 | +88.6% | Cloudflare Form 8-K Earnings Release (FY2024Q4), filed 2025-02-06 ↗ |
| 2023 | Dec 31, 2023 | 122 | +241.7% | Cloudflare Form 8-K Earnings Release (FY2023Q4), filed 2024-02-08 ↗ |
| 2022 | Dec 31, 2022 | 35.7 | -610.0% | Cloudflare Form 8-K Earnings Release (FY2022Q4), filed 2023-02-09 ↗ |
| 2021 | Dec 31, 2021 | -7 | -79.4% | Cloudflare Form 8-K Earnings Release (FY2022Q4), filed 2023-02-09 ↗ |
| 2020 | Dec 31, 2020 | -33.9 | -52.4% | Cloudflare Form 8-K Earnings Release (FY2020Q4), filed 2021-02-11 ↗ |
| 2019 | Dec 31, 2019 | -71.2 | +24.9% | Cloudflare Form 8-K Earnings Release (FY2019Q4), filed 2020-02-13 ↗ |
| 2018 | Dec 31, 2018 | -57 | – | Cloudflare Form 8-K Earnings Release (FY2019Q4), filed 2020-02-13 ↗ |
Breakdown
What makes up non-GAAP operating income / (loss)
- Non-GAAP operating margin (%)14.0% · 2025
- Non-GAAP sales & marketing expense781 · 2025
- Non-GAAP research & development expense338 · 2025
- Non-GAAP general & administrative expense220 · 2025
- Total Non-GAAP operating expenses (% of revenue)–
- Reconciliation add-back: SBC & related employer payroll taxes490 · 2025
- Reconciliation add-back: Amortization of acquired intangible assets15 · 2025
- Reconciliation add-back: Acquisition-related and other expenses3.91 · 2025
- Reconciliation add-back: Workforce & facility restructuring charges–
Cite this data
StockData. (2026). Cloudflare Non-GAAP operating income / (loss) ($M), annual 2018–2025 [Data set]. Compiled from Cloudflare SEC filings and investor materials. https://stockdatahq.com/stocks/net/kpis/ng-opinc
See every metric in the Cloudflare KPI table. Data updated Nov 1, 2026.