KPIs & Operating Metrics(New)
Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Others
Ratios
Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Cloudflare (NET) Gross Margin (2018 - 2026)

Cloudflare has reported Gross Margin over the past 9 years, most recently at 71.21% for Q1 2026.

  • Quarterly results put Gross Margin at 71.21% for Q1 2026, down 466.0% from a year ago — trailing twelve months through Mar 2026 was 73.33% (down 355.0% YoY), and the annual figure for FY2025 was 74.51%, down 280.0%.
  • Gross Margin reached 71.21% in Q1 2026 per NET's latest filing, down from 73.64% in the prior quarter.
  • Across five years, Gross Margin topped out at 77.82% in Q1 2022 and bottomed at 71.21% in Q1 2026.
  • Median Gross Margin over the past 5 years was 75.88% (2025), compared with a mean of 75.83%.
  • The largest annual shift saw Gross Margin surged 219bps in 2024 before it tumbled -466bps in 2026.
  • Over 5 years, Gross Margin stood at 75.32% in 2022, then rose by 2bps to 77.02% in 2023, then dropped by -1bps to 76.37% in 2024, then decreased by -4bps to 73.64% in 2025, then decreased by -3bps to 71.21% in 2026.
  • Business Quant data shows Gross Margin for NET at 71.21% in Q1 2026, 73.64% in Q4 2025, and 73.97% in Q3 2025.