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Cloudflare Inc.Stock · Technology
$330.82+$19.37 (+6.22%)as of market close, Aug 13, 2026
☾ After hours:$330.92+0.03%4:14 PM ET
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How Cloudflare makes money

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How does Cloudflare make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Cloudflare Inc. · FY2025 · year ended 2025-12-31
Revenue$2.2BNet loss$102M · 5%Cost of revenue$553M · 25%Gross profit$1.6B · 75%Operating expenses$1.8B · 84%Other income$114M · 5%R&D$512M · 24%SG&A$389M · 18%Selling & marketing$921M · 42%Income tax$10M · 0%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.