Cloudflare, Inc. (NET) stock
NETNYSEServices-Prepackaged SoftwareFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 5, 2026Score 9/30294% above fair value
$305.81−12.69 (-3.98%)
Close on Nov 13, 2026Market cap $108.89BP/E –Yield –
Cloudflare profit margin
Profit margin (net margin) is net income as a percentage of revenue.
Cloudflare's profit margin for the twelve months ending Sep 30, 2026 was -8.7%. For fiscal 2025 it was -4.7%, against -4.7% the year before. The highest annual figure on record is -4.7% in fiscal 2025.
Annual profit margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | -4.7% | +0.0 |
| FY2024 | Dec 31, 2024 | -4.7% | +9.5 |
| FY2023 | Dec 31, 2023 | -14.2% | +5.6 |
| FY2022 | Dec 31, 2022 | -19.8% | +19.8 |
| FY2021 | Dec 31, 2021 | -39.7% | −12.0 |
| FY2020 | Dec 31, 2020 | -27.7% | +9.2 |
| FY2019 | Dec 31, 2019 | -36.9% | +8.4 |
| FY2018 | Dec 31, 2018 | -45.2% | −37.3 |
| FY2017 | Dec 31, 2017 | -8.0% | – |
Quarterly profit margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | -4.4% | −4.1 |
| Q2 FY2026 | Jun 30, 2026 | -24.4% | −14.6 |
| Q1 FY2026 | Mar 31, 2026 | -3.6% | +4.4 |
| Q4 FY2025 | Dec 31, 2025 | -2.0% | +0.8 |
| Q3 FY2025 | Sep 30, 2025 | -0.2% | +3.3 |
| Q2 FY2025 | Jun 30, 2025 | -9.8% | −6.1 |
| Q1 FY2025 | Mar 31, 2025 | -8.0% | +1.4 |
| Q4 FY2024 | Dec 31, 2024 | -2.8% | +4.9 |
| Q3 FY2024 | Sep 30, 2024 | -3.6% | +3.4 |
| Q2 FY2024 | Jun 30, 2024 | -3.8% | +26.9 |
| Q1 FY2024 | Mar 31, 2024 | -9.4% | +3.7 |
| Q4 FY2023 | Dec 31, 2023 | -7.7% | +9.0 |
| Q3 FY2023 | Sep 30, 2023 | -7.0% | +9.7 |
| Q2 FY2023 | Jun 30, 2023 | -30.6% | −3.5 |
| Q1 FY2023 | Mar 31, 2023 | -13.1% | +6.4 |
| Q4 FY2022 | Dec 31, 2022 | -16.7% | +23.3 |
| Q3 FY2022 | Sep 30, 2022 | -16.8% | +45.5 |
| Q2 FY2022 | Jun 30, 2022 | -27.1% | −3.8 |
| Q1 FY2022 | Mar 31, 2022 | -19.5% | +9.4 |
| Q4 FY2021 | Dec 31, 2021 | -40.0% | −13.0 |
| Q3 FY2021 | Sep 30, 2021 | -62.3% | −39.1 |
| Q2 FY2021 | Jun 30, 2021 | -23.3% | +2.9 |
| Q1 FY2021 | Mar 31, 2021 | -28.9% | +6.9 |
| Q4 FY2020 | Dec 31, 2020 | -27.0% | +6.5 |
| Q3 FY2020 | Sep 30, 2020 | -23.2% | +32.1 |
| Q2 FY2020 | Jun 30, 2020 | -26.2% | +3.0 |
| Q1 FY2020 | Mar 31, 2020 | -35.9% | −8.2 |
| Q4 FY2019 | Dec 31, 2019 | -33.5% | −3.5 |
| Q3 FY2019 | Sep 30, 2019 | -55.3% | +20.6 |
| Q2 FY2019 | Jun 30, 2019 | -29.2% | – |
| Q1 FY2019 | Mar 31, 2019 | -27.7% | – |
| Q4 FY2018 | Dec 31, 2018 | -30.1% | – |
| Q3 FY2018 | Sep 30, 2018 | -75.9% | – |
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