Cloudflare, Inc. (NET) Operating Margin
- Operating margin · 12 months: Value -14.11%; Formula and calculation Operating income / revenue. Period ending 2026-06-30..
Operating margin
Overview →Financial period ending 2026-06-30; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| Operating margin · 12 months | -14.11% | Operating income / revenue. Period ending 2026-06-30. $-354.38M ÷ $2.51B × 100 ≈ -14.11% |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Operating income | -354.38M USD | Operating Income (Loss) |
| Revenue | 2.51B USD | Revenue from Contract with Customer, Excluding Assessed Tax |
| Cost of products and services | (m) | |
| Research and development | 573.30M USD | Research and Development Expense |
| Selling, general and administration | (m) |
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Operating income (USD) | Revenue (USD) | Cost of products and services (USD) | Research and development (USD) | Selling, general and administration (USD) | Operating margin |
|---|---|---|---|---|---|---|
| 2026-06-30 | $-354.38M | $2.51B | (m) | $573.30M | (m) | -14.11% |
| 2026-03-31 | $-215.95M | $2.33B | (m) | $548.37M | (m) | -9.27% |
| 2025-12-31 | $-207.21M | $2.17B | (m) | $512.49M | (m) | -9.56% |
| 2025-09-30 | $-192.69M | $2.01B | (m) | $490.81M | (m) | -9.57% |
| 2025-06-30 | $-186.02M | $1.88B | (m) | $480.77M | (m) | -9.89% |
| 2025-03-31 | $-153.46M | $1.77B | (m) | $448.76M | (m) | -8.67% |
| 2024-12-31 | $-154.76M | $1.67B | (m) | $421.37M | (m) | -9.27% |
| 2024-09-30 | $-162.87M | $1.57B | (m) | $397.56M | (m) | -10.36% |
| 2024-06-30 | $-171.29M | $1.48B | (m) | $377.24M | (m) | -11.59% |
| 2024-03-31 | $-192.76M | $1.39B | (m) | $364.31M | (m) | -13.92% |
| 2023-12-31 | $-185.49M | $1.30B | (m) | $358.14M | (m) | -14.30% |
| 2023-09-30 | $-193.35M | $1.21B | (m) | $341.44M | (m) | -15.99% |
| 2023-06-30 | $-200.08M | $1.13B | (m) | $327.28M | (m) | -17.75% |
| 2023-03-31 | $-208.45M | $1.05B | (m) | $312.79M | (m) | -19.79% |
| 2022-12-31 | $-201.20M | $975.24M | (m) | $298.30M | (m) | -20.63% |
| 2022-09-30 | $-191.58M | $894.14M | (m) | $280.36M | (m) | -21.43% |
| 2022-06-30 | $-172.12M | $812.63M | (m) | $250.70M | (m) | -21.18% |
| 2022-03-31 | $-136.45M | $730.54M | (m) | $216.94M | (m) | -18.68% |
| 2021-12-31 | $-127.68M | $656.43M | (m) | $189.41M | (m) | -19.45% |
| 2021-09-30 | $-111.36M | $588.76M | (m) | $162.40M | (m) | -18.91% |
| 2021-06-30 | $-106.12M | $530.57M | (m) | $146.53M | (m) | -20.00% |
| 2021-03-31 | $-101.95M | $477.86M | (m) | $133.32M | (m) | -21.33% |
| 2020-12-31 | $-106.77M | $431.06M | (m) | $127.14M | (m) | -24.77% |
| 2020-09-30 | $-111.97M | $389.06M | (m) | $118.68M | (m) | -28.78% |
| 2020-06-30 | $-131.80M | $348.84M | (m) | $115.64M | (m) | -37.78% |
| 2020-03-31 | $-126.87M | $316.55M | (m) | $106.37M | (m) | -40.08% |
| 2019-12-31 | $-107.95M | $287.02M | (m) | $90.67M | (m) | -37.61% |
| 2019-09-30 | (m) | (m) | (m) | (m) | (m) | (m) |
| 2019-06-30 | (m) | (m) | (m) | (m) | (m) | (m) |
| 2019-03-31 | (m) | (m) | (m) | (m) | (m) | (m) |
| 2018-12-31 | $-84.90M | $192.67M | (m) | $54.46M | (m) | -44.06% |
| 2018-09-30 | (m) | (m) | (m) | (m) | (m) | (m) |
| 2017-12-31 | $-9.73M | $134.91M | (m) | $33.65M | (m) | -7.21% |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.