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Cloudflare, Inc.

NETTechnologyNASDAQ

Software - Infrastructure · Last scanned May 30, 2026

PriceMA150MA200
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Financials · Annual
Revenue
$2.17B
+29.8% YoY
Net Income
-$102.3M
-29.8% YoY
EBITDA
$105.8M
+70.5% YoY
Free Cash Flow
$755.0M

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About Cloudflare, Inc.

Part of the technology sector, Cloudflare, Inc. (NET) is listed under Software - Infrastructure. At a $85.48B market cap, Cloudflare, Inc. ranks as a large-cap company within technology. 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.

Key stats
Market Cap$85.48B
Fwd P/E158.56
EPS$-0.24
Beta1.67
52W Change+42.5%
ROE-5.9%
Analysis

The balance sheet looks solid with $4.16B in cash comfortably exceeding the $3.52B debt load. A net cash position generally provides financial flexibility during uncertain economic periods. Free cash flow comes in at $755.0M, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. ROE of -5.9% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Revenue has grown from $975.2M (2022) to $2.17B (2025), reflecting a 122% increase over the period.

Cloudflare, Inc.'s elevated beta suggests the stock experiences more pronounced price movements than the overall market, which increases both upside potential and downside risk. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Cloudflare, Inc.'s trajectory.

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