NET Q3 2024 Earnings — Cloudflare, Inc. Revenue & Financial Results | Market Cap Arena

NETCloudflare, Inc.

$73B

Q3 2024 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$430M+28.2% YoY

Gross Profit

$334M77.7% margin

Operating Income

-$31M-7.1% margin

Net Income

-$15M-3.6% margin

EPS (Diluted)

$-0.04

QoQ Revenue Growth

+7.3%

Cash Flow

Operating Cash Flow

$105M

Free Cash Flow

$45M

Stock-Based Comp.

$88M

Balance Sheet

Total Assets

$3.1B

Total Liabilities

$2.1B

Stockholders' Equity

$973M

Cash & Equivalents

$183M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$430M	$336M	+28.2%
Gross Profit	$334M	$258M	+29.7%
Operating Income	-$31M	-$39M	+21.7%
Net Income	-$15M	-$24M	+34.9%

Geographic Segments

UNITED STATES

$215M50%

EMEA

$122M28%

Asia Pacific

$59M14%

Other Geographical Regions

$34M8%