Cloudflare, Inc. logo

Cloudflare, Inc.

NET

NYSETechnologySoftware - Infrastructure

Regular session

$283.92

−$9.22 · -3.15%

Aug 24, 10:19 AM ET

NET company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

64

Undervalued

Momentum

67

Gaining

Sentiment

47

Mixed

Risk resilience

56

Elevated Risk

Full GoAI research

Thesis, catalysts, evidence, and risk analysis.

View full GoAI research

AI-generated, informational only, and not investment advice.

Company profile

Company website

Cloudflare, Inc. functions as a global provider of cloud-based services. The company delivers a comprehensive, integrated cloud security platform designed to safeguard a diverse array of digital environments, encompassing public and private clouds, on-premises infrastructure, Software-as-a-Service (SaaS) applications, and Internet of Things (IoT) devices. Its security portfolio features tools such as cloud firewalls, bot mitigation, distributed denial-of-service (DDoS) protection, IoT security, SSL/TLS encryption, secure origin connections, and rate limiting capabilities. Beyond security, Cloudflare also boosts online performance through services like content delivery networks (CDNs), intelligent routing, and various content, mobile, and image optimization tools. For enhanced reliability and availability, it provides solutions such as load balancing, its proprietary Anycast network, a virtual backbone, DNS services, DNS resolvers, and virtual waiting rooms. Furthermore, the company offers internal infrastructure tools, including "on-ramps" that facilitate seamless connections for users, devices, or locations to its expansive network, alongside "filters" engineered for data protection, inspection, and access management. Developer-centric solutions encompass serverless computing, programmable networks, website creation, domain registration, a suite of Cloudflare applications, advanced analytics, and data localization management. For individual consumers, Cloudflare provides a DNS Resolver application to improve internet browsing and a Consumer VPN to secure and speed up mobile device traffic. Its clientele spans a broad spectrum of industries, including technology, healthcare, financial services, consumer and retail, non-profit organizations, and government agencies. Established in 2009, Cloudflare, Inc. is headquartered in San Francisco, California.

Industry
Software - Infrastructure
Sector
Technology
Headquarters
US
CEO
Matthew Prince
Listed since
Sep 13, 2019
Employees
5,156

Market position

Day range

Current $283.92

52-week range

Current $283.92

Open
$288.7
Previous close
$293.14
Volume
736.31K
0.19× average
Average volume
3.95M
Average daily volume
Market cap
100.77B USD
Beta
1.66
Market reference 1
50-day average
$268.01
+5.93% above average
200-day average
$219.2
+29.53% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
71.45B USD
P/E (TTM)
-486.91×
P/B (TTM)
62.1×
P/S (TTM)
40.11×
EV / EBITDA
675.3×
Earnings yield
-0.15%
Free cash flow yield
0.47%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
72.58%
Operating margin
-14.11%
Net margin
-8.21%
Return on equity
-7.01%
Return on assets
-1.69%
Return on invested capital
-4.10%

Financial health

Debt / equity
2.18×
Current ratio
1.98×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends89%42%-4%-51%Gross margin, FY2021: 77.59%Gross margin, FY2022: 76.15%Gross margin, FY2023: 76.32%Gross margin, FY2024: 77.32%Gross margin, FY2025: 74.51%Operating margin, FY2021: -19.45%Operating margin, FY2022: -20.63%Operating margin, FY2023: -14.30%Operating margin, FY2024: -9.27%Operating margin, FY2025: -9.56%Net margin, FY2021: -39.66%Net margin, FY2022: -19.83%Net margin, FY2023: -14.19%Net margin, FY2024: -4.72%Net margin, FY2025: -4.72%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 77.59%. Gross margin FY2022 76.15%. Gross margin FY2023 76.32%. Gross margin FY2024 77.32%. Gross margin FY2025 74.51%. Operating margin FY2021 -19.45%. Operating margin FY2022 -20.63%. Operating margin FY2023 -14.30%. Operating margin FY2024 -9.27%. Operating margin FY2025 -9.56%. Net margin FY2021 -39.66%. Net margin FY2022 -19.83%. Net margin FY2023 -14.19%. Net margin FY2024 -4.72%. Net margin FY2025 -4.72%.

Income trends

Revenue

2.17B USD+29.85%

Operating income

−207.21M USD-33.89%

Net income

−102.27M USD-29.78%
Income trends across reported periods2.41B USD1.44B USD468.16M USD−503.13M USDRevenue, FY2021: 656.43M USDRevenue, FY2022: 975.24M USDRevenue, FY2023: 1.3B USDRevenue, FY2024: 1.67B USDRevenue, FY2025: 2.17B USDOperating income, FY2021: −127.68M USDOperating income, FY2022: −201.2M USDOperating income, FY2023: −185.49M USDOperating income, FY2024: −154.76M USDOperating income, FY2025: −207.21M USDNet income, FY2021: −260.31M USDNet income, FY2022: −193.38M USDNet income, FY2023: −183.95M USDNet income, FY2024: −78.8M USDNet income, FY2025: −102.27M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 656.43M USD. Revenue FY2022 975.24M USD. Revenue FY2023 1.3B USD. Revenue FY2024 1.67B USD. Revenue FY2025 2.17B USD. Operating income FY2021 −127.68M USD. Operating income FY2022 −201.2M USD. Operating income FY2023 −185.49M USD. Operating income FY2024 −154.76M USD. Operating income FY2025 −207.21M USD. Net income FY2021 −260.31M USD. Net income FY2022 −193.38M USD. Net income FY2023 −183.95M USD. Net income FY2024 −78.8M USD. Net income FY2025 −102.27M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue2.17B USD1.67B USD1.3B USD975.24M USD656.43M USD
Cost of goods sold552.53M USD378.7M USD307.01M USD232.61M USD147.13M USD
Gross profit1.62B USD1.29B USD989.74M USD742.63M USD509.29M USD
Research and development512.49M USD421.37M USD358.14M USD298.3M USD189.41M USD
Selling, general, and administrative1.31B USD1.02B USD817.08M USD645.53M USD447.57M USD
Operating expenses1.82B USD1.45B USD1.18B USD943.83M USD636.98M USD
Interest income131.22M USD87.43M USD68.17M USD14.88M USD1.97M USD
Interest expense8.77M USD5.2M USD5.87M USD4.98M USD49.23M USD
Depreciation and amortization189.74M USD127.72M USD135.82M USD102.34M USD66.61M USD
Operating income−207.21M USD−154.76M USD−185.49M USD−201.2M USD−127.68M USD
Net income−102.27M USD−78.8M USD−183.95M USD−193.38M USD−260.31M USD

Company facts updated Aug 24, 2026.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

40 ratings
Strong buy00%
Buy2973%
Hold923%
Sell25%
Strong sell00%

NET peers

ETFs holding NET

Funds reporting this stock among their holdings, ordered by reported position size.

Continue in GoAI

Research NET

research.disclaimer