Company name:

Cloudflare Inc

  • IPO SHARE PRICE:
    $15.00
  • IPO DATE:
    September 13, 2019
  • TICKER:
    NET
  • MAIN STOCK EXCHANGE:
    NYSE
  • CURRENT HQ LOCATION:
    101 Townsend Street San Francisco California 94107
  • FISCAL YEAR END:
    December 31
  • INCORPORATION JURISDICTION:
    DE
  • ORGANIZED AS THE FOLLOWING LEGAL TYPE:
    Corporation
  • Investor Relations Webpage:
    Coming soon!
  • TAX RATE:
    USA federal corporate nominal income tax rate is 21%

Short Description

Cloudflare Inc

We are working hard and as soon as possible to provide company description soon. Feel free to reach out to request it sooner: improve@real-clear-investing.com

Income Statement

Quarterly Annual
(USD in thousand)
Selected Year:
31-Dec
2020
Revenue
Gross receipts in the form of cash (great!) and promises to pay (Account Receivables - not so great as some of them will never be collected but reality of business!) from all its customers
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Total Revenue 134,915 192,674 287,022 431,059 431,059 503,704
Selected Year:
31-Dec
2020
Operating expenses
Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells
124.8%
50.5% —

Sales and marketing

29.5% —

Research and development

23.4% —

Cost of revenue

21.3% —

General and administrative
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Cost of revenue
28,788 43,537 63,423 101,055 101,055 116,260
Gross profit
106,127 149,137 223,599 330,004 330,004 387,444
Sales and marketing
61,899 94,394 159,298 217,875 217,875 254,208
Research and development
33,650 54,463 90,669 127,144 127,144 139,028
General and administrative
20,308 85,179 81,578 91,753 91,753 93,172
Total operating expenses
$115,857 $234,036 $331,545 $436,772 $436,772 $486,408
Selected Year:
31-Dec
2020
Operating Income
Income after excluding Operating Expenses from Total Revenue
24.8%
24.8% —

Operating Income

Key metric that shows earnings potential of the company's business model
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Operating income ($9,730) ($84,899) ($107,946) ($106,768) ($106,768) ($98,964)
Selected Year:
31-Dec
2020
Non-operating expenses
Cost usually unrelated to delivering service or manufacturing a product that business sells
4.2%
0.0% —

Other expense or income
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Other expense or income 115 (2,091) (1,442) 171 171 452
Total non-operating income (expense) 15 (1,188) 3,233 (18,205) (18,205) (36,412)
Total non-operating expenses 130 (3,279) 1,791 - - -
Selected Year:
31-Dec
2020
Earnings before Interest and Taxes (EBIT)
Income after excluding Operating and Non-operating Expenses from Total Revenue
24.7%
24.7% —

EBIT

Another income metric but unlike Operating Income it is closer to the ultimate income metric - Net Income by removing expenses that are not related to earning Revenue as they are supposed to be accidental and transitory
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
EBIT ($9,600) ($88,178) ($106,155) ($106,597) ($106,597) ($98,512)
Selected Year:
31-Dec
2020
Interest Expense and Income, Taxes
Expenses driven mostly by company management's choices, nature of business (capital intensive vs not) about financing (debt vs equity) and legal structure
3.0%
1.5% —

Interest income

1.3% —

Income tax expense or benefit

5.8% —

Interest expense
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Interest expense
(862) (992) (1,112) (24,964) (24,964) (40,248)
Interest income
762 1,895 5,787 6,588 6,588 3,384
Income before income taxes
(9,715) (86,087) (104,713) (124,973) (124,973) (135,376)
Income tax expense or benefit
1,033 1,077 1,115 (5,603) (5,603) 708
Selected Year:
31-Dec
2020
Net income (loss)
Ultimate measure of Income - Net result after excluding all expenses from Total Revenue
27.7%
27.7% —

Net income (loss)

It is a residue that is left from Total Revenue after paying all kind of expenses and belongs to all equity holders in the company. Some of these shareholders such Non-controlling interest or Preferred equity gets their share before Common shareholders
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net income (loss)
($10,748) ($87,164) ($105,828) ($119,370) ($119,370) ($136,084)

Basic Shares Outstanding
Basic shares outstanding as of certain dates reported by Company on its annual and quarterly filings, these numbers are NOT used calculation of basic EPS. They help to see share issuance by company in perspective
Class A - - 94,569,695 250,305,083 250,305,083 250,305,083
Class B - - 208,066,163 58,520,694 58,520,694 58,520,694
Selected Year:
31-Dec
2020
EPS
Net Income / Shares Outstanding = EPS before dilution or Basic EPS; Net Income/ ( Shares Outstanding + potentially available shares from conversion of various option instruments)
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net Income per basic share ($0.14) ($1.08) ($0.72) ($0.40) ($0.40) ($0.44)
Net Income per diluted share ($0.14) ($1.08) ($0.72) ($0.40) ($0.40) ($0.44)