NET Q2 2024 Earnings — Cloudflare, Inc. Revenue & Financial Results | Market Cap Arena

NETCloudflare, Inc.

$73B

Q2 2024 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$401M+30.0% YoY

Gross Profit

$312M77.8% margin

Operating Income

-$35M-8.6% margin

Net Income

-$15M-3.8% margin

EPS (Diluted)

$-0.04

QoQ Revenue Growth

+5.9%

Cash Flow

Operating Cash Flow

$75M

Free Cash Flow

$38M

Stock-Based Comp.

$86M

Balance Sheet

Total Assets

$2.9B

Total Liabilities

$2.0B

Stockholders' Equity

$882M

Cash & Equivalents

$157M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$401M	$308M	+30.0%
Gross Profit	$312M	$233M	+33.7%
Operating Income	-$35M	-$56M	+38.5%
Net Income	-$15M	-$94M	+84.0%

Geographic Segments

UNITED STATES

$207M52%

EMEA

$111M28%

Asia Pacific

$52M13%

Other Geographical Regions

$31M8%