Cloudflare Inc
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 21, 2024
NET$293.75+9.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
(in thousands, except per share data)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 · 2022 · 2021 | |||
| Revenue | $1,296,745 | $975,241 | $656,426 |
| Cost of revenue | 307,005 | 232,610 | 147,134 |
| Gross profit | 989,740 | 742,631 | 509,292 |
| Operating expenses: | |||
| Sales and marketing | 599,117 | 465,762 | 328,065 |
| Research and development | 358,143 | 298,303 | 189,408 |
| General and administrative | 217,965 | 179,769 | 119,503 |
| Total operating expenses | 1,175,225 | 943,834 | 636,976 |
| Loss from operations | (185,485) | (201,203) | (127,684) |
| Non-operating income (expense): | |||
| Interest income | 68,167 | 14,877 | 1,970 |
| Interest expense | (5,872) | (4,984) | (49,234) |
| Loss on extinguishment of debt | (50,300) | — | (72,234) |
| Other income (expense), net | (4,372) | 577 | (794) |
| Total non-operating income (expense), net | 7,623 | 10,470 | (120,292) |
| Loss before income taxes | (177,862) | (190,733) | (247,976) |
| Provision for income taxes | 6,087 | 2,648 | 12,333 |
| Net loss | $(183,949) | $(193,381) | $(260,309) |
| Net loss per share attributable to common stockholders, basic and diluted | $(0.55) | $(0.59) | $(0.83) |
| Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted | 333,656 | 326,332 | 312,321 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.