Cloudflare is a software company based in San Francisco, California, that offers security and web performance offerings by utilizing a distributed, serverless content delivery network, or CDN.
It is a $129B technology company. Revenue grew 33.5% over the last year, and it currently loses money.
- Website
- cloudflare.com
- Location
- San Francisco, CA
- Employees
- 5 483
- Sector
- Technology
- Founded
- 2009
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Valuation, Growth, Profitability, Health, Quality and Moat lag behind.
Valuation25
- P/E vs own historyn/a · 10/25
- FCF yield0.3% · 5/25
- P/S51.2x · 0/25
- EV/EBITDAn/a · 10/25
Growth25
- Revenue CAGR34.8% · 25/25
- Net income CAGRn/a · 0/25
- EPS CAGR ~5Yn/a · 0/25
- Fwd implied growthn/a · 0/25
Profitability0
- ROICn/a · 0/25
- ROE-13.9% · 0/25
- Net margin-8.2% · 0/25
- Operating margin-14.1% · 0/25
Health18
- Altman Zn/a · 0/25
- Current ratio1.82 · 18/25
- Interest coverage-4.2x · 0/25
- Net cash / debtn/a · 0/25
Quality37
- Piotroski F3/9 · 5/25
- Beneish M-2.31 · 20/25
- FCF conversionn/a · 0/25
- Margin stabilityσ 8.7% · 12/25
Moat30
- ROIC >12% yearsn/a · 0/25
- Median gross margin76.6% · 25/25
- FCF-positive years3/7 yrs · 5/25
- Worst-year net marginworst -39.7% · 0/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- 2026ProductCloudflare released an analysis regarding BGP routing leaks observed from the Venezuelan…
- 2026AcquisitionCloudflare acquired Human Native, an AI data marketplace that brokers transactions between…
- 2025ProductCloudflare announced a new feature called "AI Labyrinth"
- 2024ProductCloudflare launched a tool that prevents bots from scraping websites
- 2024AcquisitionCloudflare acquired Nefeli Networks in March 2024, a cloud networking company, co-founded by computer scientist…
- FY2023FinancialRevenue crossed $1B$1.30B for the year
- 2022ProductCloudflare released an Oblivious HTTP relay service in 2022, called Privacy Gateway
- 2022AcquisitionCloudflare announced the acquisition of Area 1 Security in February 2022, a company who developed a product designed…
- 2020ProductCloudflare released a JAMstack platform for developers to deploy websites on Cloudflare's Edge…
- Aug 15, 2019IPOCloudflare submitted its S-1 filing for an initial public offering on the New York Stock…
- 2009FoundedCloudflare was founded in 2009 by Matthew Prince, Lee Holloway, and Michelle Zatlyn
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (72.6%)
- Revenue growing 33.5% year over year
Watch-outs
- Not profitable — 8.2% net margin
- Thin interest coverage (-4.2×)
- Loss-making in 7 of the recent years
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+33.5% YoY
- Profitable — makes more than it spends-$206M TTM
- Profit growing — earnings are higher than last year-29.8% YoY
- Generates cash — cash left after running and investing$348M TTM
- Debt under control — could handle its obligationscurrent ratio 1.82
- Established company — not a micro-cap — lower blow-up risk$129B market cap
- Not printing shares — share count not ballooning — you keep your slice+11.6% shares over ~5y
- Proven track record — years of profitability behind it0/7 profitable years
- Financially stable — balance sheet not near distresshealth score 18/100
- Pays a dividend — returns cash to shareholdersno data
- Valuation not extreme — price not wildly above earningsno data
Peer comparisonCloudflare, Inc. vs 6 largest technology peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| NET this company | $128.8B | — | +33.5% | -8.2% | Strained |
| NVDA Nvidia Corp | $5.5T | 28.6 | +83.4% | 63.7% | Mixed |
| AAPL Apple Inc. | $4.9T | 38.1 | +14.2% | 27.6% | Strong |
| GOOGL Alphabet Inc. | $4.3T | 17.6 | +20.1% | 54.8% | Mixed |
| MSFT Microsoft Corp | $4.0T | 29.7 | +17.8% | 40.3% | Strong |
| SPCX Space Exploration Technologies Corp. | $2.1T | — | +33.2% | -34.0% | Strained |
| META Meta Platforms, Inc. | $1.8T | 26.9 | +27.7% | 29.8% | Mixed |
Head-to-head: NET vs NVDA · NET vs AAPL · NET vs GOOGL
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2019–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/NET
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of NET on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $361.80 · market cap $129B.