NET Q4 2023 Earnings — Cloudflare, Inc. Revenue & Financial Results | Market Cap Arena

NETCloudflare, Inc.

$73B

Q4 2023 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$362M+32.0% YoY

Gross Profit

$279M76.9% margin

Operating Income

-$43M-11.8% margin

Net Income

-$28M-7.7% margin

EPS (Diluted)

$-0.08

QoQ Revenue Growth

+8.0%

Cash Flow

Operating Cash Flow

$85M

Free Cash Flow

$51M

Stock-Based Comp.

$74M

Balance Sheet

Total Assets

$2.8B

Total Liabilities

$2.0B

Stockholders' Equity

$763M

Cash & Equivalents

$87M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$362M	$275M	+32.0%
Gross Profit	$279M	$207M	+34.7%
Operating Income	-$43M	-$51M	+15.5%
Net Income	-$28M	-$46M	+39.3%

Geographic Segments

UNITED STATES

$188M52%

EMEA

$101M28%

Asia Pacific

$46M13%

Other Geographical Regions

$27M7%