NET Q1 2024 Earnings — Cloudflare, Inc. Revenue & Financial Results | Market Cap Arena

NETCloudflare, Inc.

$73B

Q1 2024 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$379M+30.5% YoY

Gross Profit

$294M77.5% margin

Operating Income

-$55M-14.4% margin

Net Income

-$36M-9.4% margin

EPS (Diluted)

$-0.10

QoQ Revenue Growth

+4.4%

Cash Flow

Operating Cash Flow

$74M

Free Cash Flow

$36M

Stock-Based Comp.

$70M

Balance Sheet

Total Assets

$2.8B

Total Liabilities

$2.0B

Stockholders' Equity

$797M

Cash & Equivalents

$254M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$379M	$290M	+30.5%
Gross Profit	$294M	$220M	+33.6%
Operating Income	-$55M	-$47M	-15.4%
Net Income	-$36M	-$38M	+6.7%

Geographic Segments

UNITED STATES

$196M52%

EMEA

$105M28%

Asia Pacific

$48M13%

Other Geographical Regions

$29M8%