• Cloudflare average ebitda margin for 2023 was 0.15%, a 103.42% increase from 2022.
• Cloudflare average ebitda margin for 2022 was -4.39%, a 279.92% decline from 2021.
• Cloudflare average ebitda margin for 2021 was 2.44%, a 123.53% decline from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.