Cloudflare, Inc. (NET) Earnings History
Annual and quarterly earnings data from 2017 to 2025
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NET EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
NET Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 74.4% | -9.4% | -4.7% |
| 2024 | 77.3% | -9.3% | -4.7% |
| 2023 | 76.3% | -19.3% | -14.2% |
| 2022 | 76.1% | -25.5% | -19.8% |
| 2021 | 77.6% | -22.6% | -39.7% |
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Cloudflare, Inc. (NET) Earnings Overview
As of May 6, 2026, Cloudflare, Inc. (NET) reported trailing twelve-month net income of -$102M, reflecting -26.1% year-over-year growth. The company earned $-0.29 per diluted share over the past four quarters, with a net profit margin of -4.7%.
Looking at the long-term picture, NET's historical earnings data spans multiple years. The company achieved its highest annual net income of -$11M in fiscal 2017.
Cloudflare, Inc. is currently reporting a net loss, though operating performance should be evaluated in the context of growth investments and industry dynamics View revenue history →
Compared to peers including FSLY (-$122M net income, -29.1% margin), AKAM ($452M net income, 12.7% margin), BAND ($4.11B net income, -1.7% margin), NET has outperformed on profitability metrics. Compare NET vs FSLY →
NET Earnings vs Peers
Earnings metrics vs comparable public companies
NET Historical Earnings Data (2017–2025)
9 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | -$102M | -29.8% | -$203M | $-0.29 | -4.7% | -9.4% |
| 2024 | -$79M | +57.2% | -$155M | $-0.23 | -4.7% | -9.3% |
| 2023 | -$184M | +4.9% | -$251M | $-0.55 | -14.2% | -19.3% |
| 2022 | -$193M | +25.7% | -$249M | $-0.59 | -19.8% | -25.5% |
| 2021 | -$260M | -118.1% | -$148M | $-0.83 | -39.7% | -22.6% |
| 2020 | -$119M | -12.8% | -$110M | $-0.40 | -27.7% | -25.6% |
| 2019 | -$106M | -21.4% | -$118M | $-0.35 | -36.9% | -41.2% |
| 2018 | -$87M | -711.0% | -$85M | $-0.37 | -45.2% | -44.1% |
| 2017 | -$11M | - | -$10M | $-0.04 | -8.0% | -7.2% |
Full NET Stock Analysis
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Start ComparisonNET — Frequently Asked Questions
Quick answers to the most common questions about buying NET stock.
Is NET growing earnings?
NET EPS fell to $-0.29, with earnings declining -26.1%. This contrasts with the 5-year CAGR of N/A. TTM net income dropped to $-102M.
What are NET's profit margins?
Cloudflare, Inc. net margin is -4.7%, with operating margin at -9.4%. Below-average margins reflect competitive or cost pressures.
How consistent are NET's earnings?
NET earnings data spans 2017-2025. The declining earnings trend is -26.1% YoY. Historical data enables comparison across business cycles.