NET Q3 2023 Earnings — Cloudflare, Inc. Revenue & Financial Results | Market Cap Arena

NETCloudflare, Inc.

$73B

Q3 2023 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$336M+32.2% YoY

Gross Profit

$258M76.7% margin

Operating Income

-$39M-11.7% margin

Net Income

-$24M-7.0% margin

EPS (Diluted)

$-0.07

QoQ Revenue Growth

+8.8%

Cash Flow

Operating Cash Flow

$68M

Free Cash Flow

$35M

Stock-Based Comp.

$74M

Balance Sheet

Total Assets

$2.6B

Total Liabilities

$1.9B

Stockholders' Equity

$699M

Cash & Equivalents

$94M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$336M	$254M	+32.2%
Gross Profit	$258M	$192M	+34.2%
Operating Income	-$39M	-$46M	+14.7%
Net Income	-$24M	-$43M	+44.7%

Geographic Segments

UNITED STATES

$176M52%

EMEA

$93M28%

Asia Pacific

$43M13%

Other Geographical Regions

$24M7%