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Cloudflare | 10-Q: Q3 2024 Earnings Report

Cloudflare | 10-Q: Q3 2024 Earnings Report

Cloudflare | 10-Q:2024财年三季报
美股SEC公告 ·  2024/11/08 11:35

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Cloudflare reported robust financial results for Q3 2024, with revenue climbing 28% year-over-year to $430.1 million. The company's gross margin improved to 78%, while non-GAAP operating income reached $63.5 million. The paying customer base expanded by 22% to 221,540, including 3,265 customers with annual revenue exceeding $100,000.Operating expenses increased to $364.9 million, up 23% from the previous year, primarily driven by higher employee-related costs and expanded sales and marketing initiatives. The company continued to invest heavily in research and development, with expenses rising 22% to $110.9 million to support product innovation and network expansion.Looking ahead, Cloudflare maintains strong momentum in customer acquisition and product development, though facing some macroeconomic headwinds. The company's global network now spans over 330 cities in more than 120 countries. Free cash flow improved to $45.3 million, representing an 11% margin, while maintaining a solid balance sheet with $182.9 million in cash and $1.6 billion in available-for-sale securities.
Cloudflare reported robust financial results for Q3 2024, with revenue climbing 28% year-over-year to $430.1 million. The company's gross margin improved to 78%, while non-GAAP operating income reached $63.5 million. The paying customer base expanded by 22% to 221,540, including 3,265 customers with annual revenue exceeding $100,000.Operating expenses increased to $364.9 million, up 23% from the previous year, primarily driven by higher employee-related costs and expanded sales and marketing initiatives. The company continued to invest heavily in research and development, with expenses rising 22% to $110.9 million to support product innovation and network expansion.Looking ahead, Cloudflare maintains strong momentum in customer acquisition and product development, though facing some macroeconomic headwinds. The company's global network now spans over 330 cities in more than 120 countries. Free cash flow improved to $45.3 million, representing an 11% margin, while maintaining a solid balance sheet with $182.9 million in cash and $1.6 billion in available-for-sale securities.
Cloudflare在2024年第三季度公布了强劲的财务业绩,营业收入同比增长28%至43010万。公司的毛利率提高至78%,非公认会计原则下的营业收入达到6350万。付费客户数量增加22%,达到221,540个,其中包括3265个年营业收入超过100,000美元的客户。营业费用增加至36490万,比去年增长23%,主要是由于员工相关费用的提高以及销售和市场推广措施的扩展。公司在研发方面继续重金投入,相关费用上升22%,达到11090万,以支持产品创新和网络扩展。展望未来,Cloudflare在客户获取和产品开发方面保持强劲势头,尽管面临一些宏观经济的逆风。公司的全球网络目前覆盖超过120个国家的330多个城市。自由现金流改善至4530万,代表11%的毛利率,同时保持了良好的资产负债表,现金为18290万,持有可供出售证券16亿。
Cloudflare在2024年第三季度公布了强劲的财务业绩,营业收入同比增长28%至43010万。公司的毛利率提高至78%,非公认会计原则下的营业收入达到6350万。付费客户数量增加22%,达到221,540个,其中包括3265个年营业收入超过100,000美元的客户。营业费用增加至36490万,比去年增长23%,主要是由于员工相关费用的提高以及销售和市场推广措施的扩展。公司在研发方面继续重金投入,相关费用上升22%,达到11090万,以支持产品创新和网络扩展。展望未来,Cloudflare在客户获取和产品开发方面保持强劲势头,尽管面临一些宏观经济的逆风。公司的全球网络目前覆盖超过120个国家的330多个城市。自由现金流改善至4530万,代表11%的毛利率,同时保持了良好的资产负债表,现金为18290万,持有可供出售证券16亿。
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