Cloudflare, Inc.

Services-Prepackaged Software·SAN FRANCISCO, CA·FY end 12/31·CIK 1477333

CEO Pay Ratio

14:1

Matthew Prince

CEO Total Comp

$2.1M

Matthew Prince

Median Employee

$151,522

Revenue

$2.2B

FY 2025

Net Income

-$102.3M

FY 2025

Free Cash Flow

$287.5M

FY 2025

Net Margin

-4.7%

Insider Net (180d)

-$168.3M

0 buys / 182 sales

CEO Pay Accountability

CEO comp as % of net income

-2.64%

For every $1,000 of profit, $-26.41 flows to the CEO.

CEO comp as % of buybacks

—

No buyback data for the most recent fiscal year.

5-year history · USD

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	Trend
Revenue	$2.2B	$1.7B	$1.3B	$975.2M	$656.4M
Gross Profit	$1.6B	$1.3B	$989.7M	$742.6M	$509.3M
Operating Income	-$207.2M	-$154.8M	-$185.5M	-$201.2M	-$127.7M
Net Income	-$102.3M	-$78.8M	-$183.9M	-$193.4M	-$260.3M
Operating CF	$603.1M	$380.4M	$254.4M	$123.6M	$64.6M
Capex	$315.6M	$185.0M	$114.4M	$143.6M	$93.0M
Free Cash Flow	$287.5M	$195.4M	$140.0M	-$20.0M	-$28.3M
Buybacks	$0	$0	$34.0K	$3.0K	$189.0K
Dividends	—	—	—	—	—	—

Gross Margin	74.5%	77.3%	76.3%	76.1%	77.6%
Operating Margin	-9.6%	-9.3%	-14.3%	-20.6%	-19.5%
Net Margin	-4.7%	-4.7%	-14.2%	-19.8%	-39.7%
FCF Margin	13.3%	11.7%	10.8%	-2.1%	-4.3%
R&D / Revenue	23.6%	25.2%	27.6%	30.6%	28.9%
Effective Tax	-10.3%	-11.2%	-3.4%	-1.4%	-5.0%
Debt / Equity	—	—	—	—	—	—
Buybacks / FCF	0.0%	0.0%	0.0%	-0.0%	-0.7%

FY 2024

Executive	Salary	Stock	Options	Bonus / Inc.	Other	Total
Thomas SeifertChief Financial Officer	$741.7K	$10.1M	—	—	—	$10.9M
Douglas KramerChief Legal Officer and Secretary	$641.7K	$5.1M	—	—	—	$5.7M
Matthew PrinceChief Executive Officer	$400.0K	—	—	—	$1.7M	$2.1M
Michelle ZatlynPresident	$400.0K	—	—	—	$960.5K	$1.4M