Cloudflare (NET) Operating Income (2018 - 2026)

Cloudflare has disclosed Operating Income across 9 years of filings, most recently posting -$62.0 million for Q1 2026.

• Operating Income for Q1 2026 came in at -$62.0 million, down 16.43% year-over-year; the trailing twelve-month figure through Mar 2026 was -$216.0 million (down 40.72% YoY), and the FY2025 annual result was -$207.2 million, down 33.89% from the prior year.
• Operating Income came in at -$62.0 million for Q1 2026 at Cloudflare, down from -$49.2 million in the prior quarter.
• In the past five years, Operating Income ranged from a high of -$30.8 million in Q3 2024 to a low of -$67.3 million in Q2 2025.
• The 5-year median for Operating Income is -$47.3 million (2023), against an average of -$47.7 million.
• Across the five-year window, Operating Income plunged 123.54% in 2022 and soared 38.23% in 2024, its largest moves.
• Cloudflare's Operating Income stood at -$50.7 million in 2022, then advanced by 15.51% to -$42.8 million in 2023, then rose by 18.94% to -$34.7 million in 2024, then plunged by 41.81% to -$49.2 million in 2025, then declined by 25.92% to -$62.0 million in 2026.
• The last three Operating Income figures came in at -$62.0 million (Q1 2026), -$49.2 million (Q4 2025), and -$37.5 million (Q3 2025), per Business Quant data.