Cloudflare, Inc. Class A common stock, par value $0.001 per share (NET) Financials
Key financial figures for Cloudflare, Inc. Class A common stock, par value $0.001 per share (Q2 2026).
Cloudflare grew Q2 2026 revenue 36% year-over-year to $696.1 million while absorbing a $150.7 million restructuring charge tied to its shift to an agentic AI-first operating model, widening the GAAP operating loss to $205.7 million even as non-GAAP operating income rose to $96.1 million. Revenue reached $696.1 million, up 36% year-over-year, with current RPO growth of 35% year-over-year. GAAP loss from operations widened to $205.7 million (29.6% of revenue) from $67.3 million a year ago, driven by a new $150.7 million restructuring and other charges line as Cloudflare reorganizes around an agentic AI-first operating model and reduces headcount. Non-GAAP income from operations still grew to $96.1 million (13.8% margin) from $72.3 million (14.1% margin) a year ago, since the restructuring charge is excluded from non-GAAP results. On the outlook: For Q3 2026, Cloudflare guided to total revenue of $736.0-737.0 million, non-GAAP income from operations of $129.0-130.0 million, and non-GAAP net income per diluted share of $0.34. For full-year 2026, it guided to total revenue of $2,864.0-2,870.0 million, non-GAAP income from operations of $443.0-445.0 million, and non-GAAP net income per diluted share of $1.25-1.26. Figures are for Q2 2026, as Cloudflare, Inc. reported them.
- Revenue
- $696M
- Net Income
- -$170M
- EPS
- $-0.48
- Total Assets
- $6.5B
- Operating Cash Flow
- $118M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q2 FY2026 | $696M | -$170M | -$0.48 | -29.55% | $56M |
| Q1 FY2026 | $640M | -$23M | -$0.07 | -9.69% | $84M |
| Q4 FY2025 | $615M | -$12M | -$0.03 | -8.01% | $156M |
| Q3 FY2025 | $562M | -$1M | -$0.00 | -6.67% | $82M |
| Q2 FY2025 | $512M | -$50M | -$0.15 | -13.13% | $33M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $2.2B | -$102M | -$0.29 | -9.56% | $324M |
| FY2024 | $1.7B | -$79M | -$0.23 | -9.27% | $195M |
| FY2023 | $1.3B | -$184M | -$0.55 | -14.3% | $119M |
Frequently asked questions
What was Cloudflare, Inc.'s revenue last quarter?
Cloudflare, Inc. reported revenue of $696.1 million for Q2 FY2026, up 35.9% from the same period a year earlier.
Is Cloudflare, Inc. profitable?
Not in its most recent reported period. Cloudflare, Inc. reported a net loss of $170.0 million for Q2 FY2026, a net margin of -24.42% on revenue.
How has Cloudflare, Inc.'s margin trended?
Operating margin was -29.55% in Q2 FY2026, compared with -13.13% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Cloudflare, Inc. generate?
Cloudflare, Inc. generated free cash flow of $56.4 million in Q2 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Cloudflare, Inc. Class A common stock, par value $0.001 per share on SentiSense, with up to forty quarters and twenty fiscal years of history.