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They had $192M losses in 2021 and $152M revenue. So no, not even remotely profitable, but it is common: Atlassian, Jira, Datadog, PagerDuty, Snowflake, CloudFla
by rossmohax 5y ago
They had $192M losses in 2021 and $152M revenue. So no, not even remotely profitable, but it is common: Atlassian, Jira, Datadog, PagerDuty, Snowflake, CloudFlare, Fastly all IPOed and succeeded on the market without being profitable even once.
- abledon 5y agowhat? are you telling me CloudFlare is still not 'profitable' on their earnings today?
- caleblloyd 5y agoNope, CloudFlare has a negative EPS so they are still not 'profitable'. But they are focused on growth, so that is not necessarily a bad thing for investors. If they can grow to compete with AWS through offerings such as R2 storage, that is far more valuable in the long run than turning a profit today.