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Cloudflare, Inc. NET AI

Technology · Software - Infrastructure · United States
https://www.cloudflare.com

Cloudflare, Inc. operates as a cloud services provider that delivers a range of services to businesses worldwide. The company provides a cloud-based security solution to secure a range of combination of platforms, including public and private cloud, on-premises, software-as-a-service applications, and Internet of things (IoT) devices; and application security products comprising web application firewall, bot management, distributed denial of service mitigation, API security, SSL/TLS encryption, client-side security, and security center products. It also offers application performance solutions, such as content delivery, load balancing, DNS, smart shield, video stream delivery, web optimization, cloudfare waiting room, and cloudfare data localization suite; SASE platform that combines network services and Zero Trust and workplace security products that provides a cloud-based network and security-as-a-service; network services, including magic WAN, magic transit, magic firewall, cloudflare network interconnect, and spectrum. In addition, the company provides zero trust security services which include cloudflare zero trust network access, secure web gateway, and one client; and remote browser isolation, cloud access security broker, cloud email security, digital experience monitoring, and data loss prevention products. Further, it provides developer-based solutions comprising workers AI, vectorize, AI gateway, cloudflare workers, cloudflare pages, R2 object storage, workers KV, durable objects, D1, hyperdrive, queues, cloudfare stream, cloudfare images, and cloudflare realtime; and consumer offerings, such as 1.1.1.1 DNS and with WARPm and cloudfare registrar that offers secure registration and management of domain names. The company serves customers in technology, healthcare, financial services, consumer and retail, industrial, and non-profit industries, as well as government. The company was incorporated in 2009 and is headquartered in San Francisco, California.

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$241.82
+45.77% 1Y

Market & Price

Market Cap
$85.48B
Current Price
$241.82
High / Low (52W)
$256.79 / $160.19
Beta
1.67

Valuation

Stock P/E
-
Industry PE
32.74
Forward P/E
158.56
PEG Ratio
2.38
Book Value
$4.32
Price to Book
55.98
P/S
36.71
EV/EBITDA
-2,338.17
Dividend Yield
-

Profitability & Returns

ROCE
-2.28%
ROE
-5.88%
ROA
-2.65%
Profit Margin
-3.72%
Op Margin
-9.69%
EPS (Latest Qtr)
$-0.07
EPS (TTM)
$-0.24

Balance Sheet & Liquidity

Debt/Equity
2.31
Quick Ratio
1.90
Current Ratio
1.96
Debt
$3.52B
Total Assets
$6.04B
Current Assets
$4.64B
Working Capital
$2.29B

Ownership

Promoter Holding
0.69%
Chg in Prom Hold
-
FII / Inst Holding
89.99%
Chg in FII Hold
0.00%

Financial Snapshot

Enterprise Value
$84.84B
Total Revenue (TTM)
$2.33B
EBITDA
$-36.28M
Free Cash Flow
$755.00M
Operating Cash Flow
$615.66M
Shares Outstanding
319.53M
Gross Margin
73.33%
Payout Ratio
0.00%

Growth (CAGR)

Revenue 5Y
30.51%
Profit 5Y
15.71%
Revenue (YoY)
33.50%
Earnings (YoY)
-

PROS

  • Compounding revenue at 30.5% over 5 years.
  • Profit CAGR of 15.7% over 5 years.
  • Generates positive free cash flow.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Technology).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 NET Cloudflare, Inc. AI 241.82 - $85.48B - -2.28% -5.88% 30.51% 15.71%
2 NVDA NVIDIA Corporation NDXSPXAI 211.14 32.38 $5.11T 0.47% 81.14% 114.29% 100.05% 201.80%
3 AAPL Apple Inc. NDXSPX 312.06 37.73 $4.58T 0.35% 68.72% 141.47% 1.81% 3.92%
4 MSFT Microsoft Corporation NDXSPXAI 450.24 26.82 $3.34T 0.81% 26.37% 34.01% 12.42% 11.87%
5 TSM Taiwan Semiconductor Manufacturing Company Limited AI 418.45 35.86 $2.17T 0.91% 32.04% 36.21% 18.94% 19.57%
6 MU Micron Technology, Inc. NDXSPXAI 971.00 45.87 $1.10T 0.06% 14.20% 39.82% 6.71% -0.57%
7 AMD Advanced Micro Devices, Inc. NDXSPXAI 516.10 172.61 $841.55B - 6.33% 8.06% 13.64% 48.64%
8 ORCL Oracle Corporation SPXAI 225.78 40.46 $649.35B 0.89% 13.07% 57.57% 10.59% 22.81%
9 ASML ASML Holding N.V. NDXAI 1,612.76 53.76 $621.59B 0.54% 43.81% 52.24% 15.55% 19.55%
Ad space

Quarterly Results

Figures in USD.

Metric Sep 2018Mar 2019Jun 2019Sep 2019Mar 2020Jun 2020Sep 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue 50.07M61.73M67.42M73.94M91.25M99.72M114.16M138.06M152.43M172.35M212.17M234.52M253.86M290.18M308.49M335.60M378.60M401.00M--479.09M512.32M562.03M614.51M639.75M
Cost of Revenue --------------------115.58M128.68M146.32M161.96M184.16M
Gross Profit 38.86M47.37M52.59M57.91M70.43M75.56M87.16M105.97M117.40M134.82M165.12M178.71M191.89M219.74M233.27M257.53M293.56M311.99M--363.51M383.64M415.71M452.55M455.60M
Operating Expenses --------------------416.76M450.90M453.17M501.79M517.59M
Operating Income -36.47M-17.15M-19.77M-41.09M-36.07M-24.70M-21.25M-31.25M-28.87M-26.49M-40.02M-64.54M-45.95M-47.27M-56.17M-39.21M-54.55M-34.70M---53.25M-67.26M-37.46M-49.23M-61.99M
EBITDA --------------------6.89M-284.00K54.23M44.97M38.98M
Interest Expense --------------------1.44M1.52M2.91M2.89M2.56M
Pretax Income ---------------------36.76M-47.29M1.85M-10.51M-21.40M
Tax Provision --------------------1.70M3.16M3.14M1.57M1.53M
Net Income -37.99M-17.11M-19.71M-40.85M-32.75M-26.14M-26.47M-39.96M-35.51M-107.33M-41.38M-63.54M-42.55M-38.08M-94.47M-23.54M-35.54M-15.08M---38.45M-50.45M-1.29M-12.08M-22.93M
Diluted EPS ------0.09-0.09-0.13-0.12-0.34-0.13-0.20-0.13-0.12-0.28-0.07-0.10-0.04---0.11-0.150.00-0.03-0.07
R&D Expense 14.83M17.65M18.87M27.86M33.35M28.13M30.90M39.53M41.35M46.77M67.05M75.11M76.43M81.54M89.61M90.59M87.70M102.55M110.91M-115.09M134.56M120.96M-150.97M

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue 134.91M192.67M287.02M431.06M-975.24M1.30B1.67B2.17B
Cost of Revenue -----232.61M307.00M378.70M552.52M
Gross Profit 106.13M149.14M223.60M330.00M-742.63M989.74M1.29B1.62B
Operating Expenses -----943.83M1.18B1.45B1.82B
Operating Income -9.73M-84.90M-107.95M-106.77M--201.20M-185.49M-154.76M-207.21M
EBITDA ------83.41M-36.17M62.05M105.80M
Interest Expense -----4.98M5.87M5.20M8.77M
Pretax Income ------190.73M-177.86M-70.87M-92.71M
Tax Provision -----2.65M6.09M7.93M9.56M
Net Income -10.75M-87.16M-105.83M-119.37M--193.38M-183.95M-78.80M-102.27M
Diluted EPS ---0.72-0.40--0.59-0.55-0.23-0.29
R&D Expense 33.65M54.46M90.67M127.14M189.41M298.30M358.14M421.37M512.49M

Compounded Sales Growth

5 Years:30.51%
1 Year:33.50%

Compounded Profit Growth

5 Years:15.71%
1 Year:-

Stock Price Performance

1 Year:+45.77%
6 Months:+22.45%
3 Months:+40.44%
1 Month:+14.08%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets --298.38M830.82M1.38B-2.59B2.76B3.30B6.04B
Current Assets ------1.89B1.98B2.27B4.64B
Cash & Equivalents --25.05M138.98M108.89M-204.18M86.86M147.69M943.54M
Inventory ----------
Receivables ------148.54M248.27M316.75M382.49M
Total Liabilities --80.36M105.00M563.71M-1.96B2.00B2.25B4.58B
Current Liabilities --61.38M83.88M141.38M-397.87M567.08M793.65M2.35B
Long Term Debt ------1.44B1.28B1.29B1.97B
Total Debt ------1.58B1.44B1.46B3.52B
Total Equity -53.39M-59.83M-113.50M725.83M816.94M-623.96M763.05M1.05B1.46B
Shares Outstanding ------330.09M337.53M344.86M351.89M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow 3.17M-43.28M-38.92M-17.13M-123.59M254.41M380.43M603.11M
Investing Cash Flow 9.54M-120.80M-417.64M-515.27M--235.70M-186.20M-330.22M-1.81B
Financing Cash Flow -149.00K168.62M570.77M504.91M-6.35M-192.19M12.79M2.00B
Capital Expenditure -19.03M-25.47M-43.29M-56.38M--163.36M-134.94M-213.51M-342.55M
Free Cash Flow -15.86M-68.75M-82.21M-73.50M--39.77M119.46M166.91M260.56M
Net Change in Cash ------105.75M-123.98M62.99M800.14M
Share Buybacks 16.00K65.00K283.00K157.00K189.00K3.00K34.00K00

Ratios (Annual)

Figures in %.

Metric Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % 78.7%77.4%77.9%76.6%-76.1%76.3%77.3%74.5%
Operating Margin % -7.2%-44.1%-37.6%-24.8%--20.6%-14.3%-9.3%-9.6%
Net Margin % -8.0%-45.2%-36.9%-27.7%--19.8%-14.2%-4.7%-4.7%
ROE % 18.0%76.8%-14.6%-14.6%--31.0%-24.1%-7.5%-7.0%
ROCE % --35.8%-14.5%-8.6%--9.2%-8.5%-6.2%-5.6%

Shareholding Pattern

Insiders
0.69%
Institutions
89.99%
Public Float
90.61%

Top Institutional Holders

#Holder% HeldSharesValue
1 Capital World Investors 7.12% 22.74M $5.50B
2 Blackrock Inc. 6.60% 21.09M $5.10B
3 Vanguard Portfolio Management LLC 5.02% 16.04M $3.88B
4 BAILLIE GIFFORD & CO 4.98% 15.92M $3.85B
5 Morgan Stanley 4.97% 15.88M $3.84B
6 Vanguard Capital Management LLC 4.29% 13.72M $3.32B
7 FMR, LLC 4.24% 13.56M $3.28B
8 Capital International Investors 3.41% 10.89M $2.63B
9 State Street Corporation 2.25% 7.18M $1.74B
10 Geode Capital Management, LLC 1.88% 5.99M $1.45B

Analyst View

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Latest News

Recent headlines for NET

VentureBeat AI ue, 13 Jan 2026

Salesforce rolls out new Slackbot AI agent as it battles Microsoft and Google in workplace AI

<p><a href="https://www.salesforce.com/">Salesforce</a> on Tuesday launched an entirely rebuilt version of <a href="https://slack.com/help/articles/202026038-An-introduction-to-Slackbot">Slackbot</a>,…

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