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Cloudflare, Inc.

NET

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Financial Statements

Values in Millions ($)
2026-06-30
2026-03-31
2025-12-31
2025-09-30
2025-06-30
2025-03-31
2024-12-31
2024-09-30
2024-06-30
2024-03-31
2023-12-31
2023-09-30
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Assets
Assets Current
Cash And Cash Equivalents At Carrying Value
1,6649329441,0531,5192041481831572548794
Available For Sale Securities Debt Securities Curr…
2,4993,2323,1582,9912,4411,7101,7081,6411,6001,4621,5871,480
Accounts Receivable Net Current
423380382352308286317253250213248199
Contract With Customer Asset Net Current
272424232116171313121112
Restricted Cash Current
12119444411632
Prepaid Expense And Other Assets Current
153137128114113403757371704871
Assets Current
4,7784,7164,6454,5374,4062,6242,2692,1642,0932,0161,9831,858
Property Plant And Equipment Net
703631619588547514467397339329323310
Goodwill
376233227181181181181157156148148148
Finite Lived Intangible Assets Net
573842182224221922142018
Operating Lease Right Of Use Asset
248244238222185178168152142142139126
Capitalized Contract Cost Net Noncurrent
241225219194184175172152144138133115
Restricted Cash Noncurrent
011222222222
Other Assets Noncurrent
717546433423192018131313
Assets
6,4746,1646,0365,7865,5623,7213,3013,0632,9172,8022,7602,590
Liabilities And Stockhold…
Liabilities Current
Accounts Payable Current
12759848696941067460485441
Employee Related Liabilities Current
152103111907876816658626452
Operating Lease Liability Current
787571655753484341393835
Deferred Compensation Share Based Arrangements Lia…
-----------0
Contract With Customer Liability Current
812755684599547508478390371356348294
Convertible Debt Current
1,2931,2921,2911,290--0-----
Liabilities Current
2,6282,4112,3512,223858821794642596574567478
Convertible Debt Noncurrent
1,9771,9761,9741,9733,2611,2881,2871,2861,2851,2841,2831,282
Operating Lease Liability Noncurrent
181182182173145135128121113113113102
Contract With Customer Liability Noncurrent
404041463628222224181717
Other Liabilities Noncurrent
282929242424241818151611
Liabilities
4,8544,6374,5774,4394,3232,2952,2552,0902,0352,0041,9971,891
Stockholders Equity
Additional Paid In Capital
3,0282,7602,6512,5252,4142,5632,1532,0471,9571,8571,7851,699
Retained Earnings Accumulated Deficit
-1,398-1,228-1,205-1,193-1,192-1,141-1,103-1,090-1,074-1,059-1,024-996
Accumulated Other Comprehensive Income Loss Net Of…
-10-61214174-416-1-12-4
Stockholders Equity
1,6201,5271,4591,3471,2401,4261,046973882797763699
Liabilities And Stockholders Equity
6,4746,1646,0365,7865,5623,7213,3013,0632,9172,8022,7602,590
Common Class A
-320318315-31031002230104
Common Class B
-3434-1-1370-1-0390-2

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Earnings Market Reaction

Fiscal Year
Q1 1 Month
Q1 2 Month
Q1 3 Month
Q2 1 Month
Q2 2 Month
Q2 3 Month
Q3 1 Month
Q3 2 Month
Q3 3 Month
Q4 1 Month
Q4 2 Month
Q4 3 Month
202623.30%20.96%33.66%---------
202533.45%56.10%59.62%-5.54%8.79%1.12%-16.23%-12.05%-17.23%23.34%15.08%13.11%
2024-16.61%-12.40%-11.59%10.74%10.82%22.04%4.36%15.63%30.80%-25.73%-32.06%-15.37%
2023------29.73%49.03%43.78%-3.67%-1.40%-24.37%

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Performance and Valuation Metrics

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Metrics
2026-06-30
2026-03-31
2025-12-31
2025-09-30
2025-06-30
2025-03-31
2024-12-31
2024-09-30
2024-06-30
2024-03-31
2023-12-31
2023-09-30
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Liquidity Ratios
Current Ratio
1.82
1.96
1.98
2.04
5.14
3.20
2.86
3.37
3.51
3.51
3.50
3.89
Quick Ratio
1.76
1.90
1.92
1.99
5.01
2.71
2.76
3.26
3.39
3.39
3.41
3.74
Working Capital
2.15B
2.30B
2.29B
2.31B
3.55B
1.80B
1.48B
1.52B
1.50B
1.44B
1.42B
1.38B
Leverage & Debt
Debt to Equity
3.00
3.04
3.14
3.30
3.49
1.61
2.16
2.15
2.31
2.51
2.62
2.70
Interest Coverage TTM
-30.95
-21.84
-23.64
-26.31
-31.83
-27.71
-29.78
-33.79
-37.85
-39.78
-31.59
-34.05
Debt Ratio
0.75
0.75
0.76
0.77
0.78
0.62
0.68
0.68
0.70
0.72
0.72
0.73
Efficiency & Turnover
Asset Turnover TTM
0.42
0.47
0.46
0.46
0.44
0.54
0.55
0.56
0.54
0.51
0.48
0.48
Days Sales Outstanding TTM
53.06
52.19
58.86
54.82
54.10
51.50
61.76
52.52
52.88
51.77
55.85
49.26
Receivables Turnover TTM
6.88
6.99
6.20
6.66
6.75
7.09
5.91
6.95
6.90
7.05
6.54
7.41
Per Share Metrics
Diluted EPS TTM
-0.58
-0.25
-0.29
-0.29
-0.34
-0.24
-0.23
-0.27
-0.30
-0.54
-0.55
-0.60
Free Cash Flow Per Share TTM
0.80
0.76
0.68
0.36
0.28
0.62
0.57
0.57
0.53
0.48
0.42
0.37
Dividend Per Share TTM
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Margin Metrics
Gross Profit Margin TTM
72.58%
73.33%
74.51%
75.20%
76.14%
76.88%
77.32%
77.53%
77.30%
76.78%
76.32%
75.89%
Operating Profit Margin TTM
-14.11%
-9.27%
-9.56%
-9.57%
-9.89%
-8.67%
-9.27%
-10.36%
-11.59%
-13.92%
-14.30%
-15.99%
Net Profit Margin TTM
-8.21%
-3.72%
-4.72%
-5.12%
-6.22%
-4.62%
-4.72%
-5.97%
-6.90%
-13.10%
-14.19%
-16.71%
Growth Metrics
Net Revenue Growth (1Y)
33.53%
31.55%
29.85%
28.06%
27.32%
27.79%
28.76%
30.04%
31.09%
31.51%
32.97%
35.21%
Net Income Growth (1Y)
76.18%
6.15%
29.78%
9.83%
14.76%
-54.96%
-57.16%
-53.56%
-53.84%
-4.56%
-4.88%
-10.21%
EPS Growth (1Y)
72.78%
4.08%
27.17%
7.64%
12.50%
-55.89%
-58.14%
-54.60%
-54.97%
-6.87%
-6.97%
-12.37%
Valuation Metrics
P/E TTM
-421.34
-838.84
-671.68
-727.49
-581.22
-476.80
-466.54
-295.18
-276.57
-180.72
-151.02
-104.44
P/B TTM
53.65
47.66
47.08
55.65
54.89
27.32
35.14
28.46
32.01
41.12
36.41
30.17
P/S TTM
34.59
31.25
31.69
37.23
36.17
22.01
22.02
17.61
19.09
23.67
21.42
17.45
Market Cap
86.91B
72.76B
68.69B
74.96B
68.05B
38.96B
36.76B
27.69B
28.22B
32.78B
27.78B
21.10B
Enterprise Value
88.51B
75.08B
71.00B
77.16B
69.78B
40.04B
37.90B
28.79B
29.34B
33.81B
28.97B
22.28B
Calculated Values
Free Cash Flow TTM
284.66M
268.72M
235.51M
124.55M
96.59M
213.76M
195.39M
195.86M
182.15M
162.66M
140.01M
123.36M
Net Debt
1.59B
2.32B
2.31B
2.20B
1.74B
1.08B
1.13B
1.10B
1.13B
1.02B
1.19B
1.18B
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
PEG Ratio
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
EV Revenue TTM
EV FCF TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-06-24Sale
Owner: Prince, Matthew
Title: CEO & Board Co-Chair
Shares: 52,384
Price/Share: $224.89
Value: $11,780,637.76
Shares Owned: -
Relationship: Director,Officer,TenPercentOwner
Ownership: Indirect
2026-06-23Sale
Owner: Prince, Matthew
Title: CEO & Board Co-Chair
Shares: 52,384
Price/Share: $223.36
Value: $11,700,490.24
Shares Owned: -
Relationship: Director,Officer,TenPercentOwner
Ownership: Indirect
2026-06-18Sale
Owner: Zatlyn, Michelle
Title: President and Board Co-Chair
Shares: 25,641
Price/Share: $219.98
Value: $5,640,507.18
Shares Owned: 47,425
Relationship: Director,Officer
Ownership: Indirect
2026-06-17Sale
Owner: Seifert, Thomas J
Title: Chief Financial Officer
Shares: 10,000
Price/Share: $231.56
Value: $2,315,600.00
Shares Owned: 116,733
Relationship: Officer
Ownership: Direct
2026-06-15Sale
Owner: Graham-Cumming, John
Title: -
Shares: 2,520
Price/Share: $235.56
Value: $593,611.20
Shares Owned: 494,067
Relationship: Director
Ownership: Direct

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Institutional Ownership

No data available for chart
2026-03-31
75.03%
Inst. Shares: 264,572,502
Shares Outstanding: 352,625,000
2025-12-31
77.83%
Inst. Shares: 271,189,954
Shares Outstanding: 348,421,000
2025-09-30
76.87%
Inst. Shares: 268,525,787
Shares Outstanding: 349,312,000
2025-06-30
77.54%
Inst. Shares: 269,448,287
Shares Outstanding: 347,489,000
2025-03-31
73.91%
Inst. Shares: 255,526,784
Shares Outstanding: 345,723,000

Cloudflare, Inc. (NET) — SEC Financial Statements & Analysis

Cloudflare, Inc. (NET) is a services-prepackaged software company, incorporated in DE. Cloudflare, Inc. trades on NYSE as: NET. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), Cloudflare, Inc. reported a 33.53% year-over-year revenue growth, a Gross Profit Margin of 72.58% (TTM), a Debt-to-Equity ratio of 3.00x, a Price-to-Sales (P/S) ratio of 34.59x (TTM), a Price-to-Book (P/B) ratio of 53.65x (TTM), at a market cap of $86.91B. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y
33.53%
Gross Profit Margin TTM
72.58%
Debt To Equity
3.00x
P/S TTM
34.59x
P/B TTM
53.65x
Market Cap
$86.91B

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is Cloudflare, Inc. in?

Cloudflare, Inc. (NET) operates in the Services-Prepackaged Software industry.

What is NET's market cap?

Cloudflare, Inc. (NET) has a market capitalization of $86.91B as of 2026-06-30.

What exchange does NET trade on?

Cloudflare, Inc. (NET) trades on the NYSE.

Where is Cloudflare, Inc. incorporated?

Cloudflare, Inc. is incorporated in DE.

Wall Street's data.
Main Street's price.