Cloudflare Inc
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
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FY2024 · Filed Feb 20, 2025
NET$293.75+9.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(in thousands, except per share data)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 · 2023 · 2022 | |||
| Revenue | $1,669,626 | $1,296,745 | $975,241 |
| Cost of revenue | 378,702 | 307,005 | 232,610 |
| Gross profit | 1,290,924 | 989,740 | 742,631 |
| Operating expenses: | |||
| Sales and marketing | 745,791 | 599,117 | 465,762 |
| Research and development | 421,374 | 358,143 | 298,303 |
| General and administrative | 278,520 | 217,965 | 179,769 |
| Total operating expenses | 1,445,685 | 1,175,225 | 943,834 |
| Loss from operations | (154,761) | (185,485) | (201,203) |
| Non-operating income (expense): | |||
| Interest income | 87,426 | 68,167 | 14,877 |
| Interest expense | (5,196) | (5,872) | (4,984) |
| Loss on extinguishment of debt | — | (50,300) | — |
| Other income (expense), net | 1,660 | (4,372) | 577 |
| Total non-operating income, net | 83,890 | 7,623 | 10,470 |
| Loss before income taxes | (70,871) | (177,862) | (190,733) |
| Provision for income taxes | 7,929 | 6,087 | 2,648 |
| Net loss | $(78,800) | $(183,949) | $(193,381) |
| Net loss per share attributable to common stockholders, basic and diluted | $(0.23) | $(0.55) | $(0.59) |
| Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted | 341,411 | 333,656 | 326,332 |
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