NET Q1 2023 Earnings — Cloudflare, Inc. Revenue & Financial Results | Market Cap Arena

NETCloudflare, Inc.

$73B

Q1 2023 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$290M+36.8% YoY

Gross Profit

$220M75.7% margin

Operating Income

-$47M-16.3% margin

Net Income

-$38M-13.1% margin

EPS (Diluted)

$-0.12

QoQ Revenue Growth

+5.6%

Cash Flow

Operating Cash Flow

$36M

Free Cash Flow

$14M

Stock-Based Comp.

$57M

Balance Sheet

Total Assets

$2.7B

Total Liabilities

$2.0B

Stockholders' Equity

$653M

Cash & Equivalents

$256M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$290M	$212M	+36.8%
Gross Profit	$220M	$165M	+33.1%
Operating Income	-$47M	-$37M	-26.4%
Net Income	-$38M	-$41M	+8.0%

Geographic Segments

UNITED STATES

$153M53%

EMEA

$78M27%

Asia Pacific

$39M14%

Other Geographical Regions

$20M7%