# Cloudflare Inc. (NET) — Operating Income

## Annual Operating Income (USD)

| Year | Operating Income |
| --- | --- |
| 2025 | -$207M |
| 2024 | -$155M |
| 2023 | -$185M |
| 2022 | -$201M |
| 2021 | -$128M |
| 2020 | -$107M |
| 2019 | -$108M |
| 2018 | -$85M |
| 2017 | -$10M |

## Quarterly Operating Income (USD)

| Quarter | Operating Income |
| --- | --- |
| 2026-03-31 | -$62M |
| 2025-09-30 | -$37M |
| 2025-06-30 | -$67M |
| 2025-03-31 | -$53M |
| 2024-09-30 | -$31M |
| 2024-06-30 | -$35M |
| 2024-03-31 | -$55M |
| 2023-09-30 | -$39M |
| 2023-06-30 | -$56M |
| 2023-03-31 | -$47M |
| 2022-09-30 | -$46M |
| 2022-06-30 | -$65M |
| 2022-03-31 | -$40M |
| 2021-09-30 | -$26M |
| 2021-06-30 | -$29M |
| 2021-03-31 | -$31M |
| 2020-09-30 | -$21M |
| 2020-06-30 | -$25M |
| 2020-03-31 | -$36M |
| 2019-09-30 | -$41M |
| 2019-06-30 | -$20M |
| 2019-03-31 | -$17M |
| 2018-09-30 | -$36M |

Source: [CompaniesByCap](https://companiesbycap.com/company/NET/operating-income)