NET Q2 2023 Earnings — Cloudflare, Inc. Revenue & Financial Results | Market Cap Arena

NETCloudflare, Inc.

$73B

Q2 2023 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$308M+31.5% YoY

Gross Profit

$233M75.6% margin

Operating Income

-$56M-18.2% margin

Net Income

-$94M-30.6% margin

EPS (Diluted)

$-0.28

QoQ Revenue Growth

+6.3%

Cash Flow

Operating Cash Flow

$64M

Free Cash Flow

$20M

Stock-Based Comp.

$68M

Balance Sheet

Total Assets

$2.5B

Total Liabilities

$1.9B

Stockholders' Equity

$642M

Cash & Equivalents

$159M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$308M	$235M	+31.5%
Gross Profit	$233M	$179M	+30.5%
Operating Income	-$56M	-$63M	+11.2%
Net Income	-$94M	-$64M	-48.7%

Geographic Segments

UNITED STATES

$162M52%

EMEA

$84M27%

Asia Pacific

$40M13%

Other Geographical Regions

$22M7%