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Cloudflare, Inc.

NET

Cloudflare operates a global Connectivity Cloud that provides a unified control plane for security, performance, and reliability across on-premises, hybrid, cloud, and SaaS environments.

Market cap
$121.74B+60.7%
Revenue$2.5B+33.5%
Net income-$206.3M-76.2%
Free cash flow$348.4M+67.1%
EPS (diluted)-$0.58-70.6%
Trailing twelve months · change vs. prior year

Earnings

Next report

Oct 29, 2026 (In 2 weeks)
Revenue estimate$736.8M
EPS estimate$0.34

Financials

Q2 2026

Income statement

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Revenue$696.1M+35.9%
Gross profit$499.5M+30.2%
Operating income-$205.7M-206%
Net income-$170.0M-237%
EPS (diluted)-$0.48-220%

Balance sheet

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Cash & equivalents$1.7B+9.9%
Total debt$1.6B+670%
Total equity$1.6B+30.7%
Total assets$6.5B+16.4%

Cash flow

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Operating cash flow$117.6M+17.8%
CapEx$50.0M-16.6%
Free cash flow$67.6M+69.4%

Valuation & ratios

Valuation

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Market cap$121.74B+60.7%
Enterprise value$121.62B+59.7%
P/S48.5×+10.2×

Profitability

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Gross margin72.6%-3.6pp
Operating margin-14.1%+10.5pp
Net margin-8.2%+3.9pp
FCF margin13.9%+2.8pp

Returns & leverage

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Return on equity-14.4%+6.4pp
Debt / equity1×+0.8×
Current ratio1.8×-3.3×

Segments

By geography

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Europe, Middle East, and Africa$187.0M+30.4%
Asia Pacific$99.4M+32.3%
Other$55.1M+31.8%

By segment

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Reportable Segment$696.1M+35.9%

Competitors

Profile

Cloudflare operates a global Connectivity Cloud that provides a unified control plane for security, performance, and reliability across on-premises, hybrid, cloud, and SaaS environments. The company leverages a programmable, serverless network architecture to protect and accelerate internet-facing applications and corporate infrastructure. Its core value proposition lies in consolidating fragmented network hardware and point-cloud solutions into a single, scalable global platform.

Competitive position

Cloudflare is a leader in the Connectivity Cloud category, distinguished by its massive global network scale and its ability to run every service on every server across more than 330 cities.

GeographiesGlobal, United States, Europe, Asia-Pacific
Customer segmentsEnterprise, SMB, Public Sector, Developers
Business modelSubscription SaaS, Usage-based, Freemium, B2B, B2C
SuppliersCommodity hardware manufacturers, Internet Service Providers (ISPs), Co-location facility providers, GPU manufacturers
CustomersGlobal 2000 enterprises, E-commerce platforms, Financial institutions, Healthcare providers, Governmental entities
Listed2019
Employees3.7K
CEOMatthew Prince
FilingsSEC EDGAR

FAQ

What is Cloudflare, Inc.'s market cap?
Cloudflare, Inc. (NET) has a market capitalization of $121.74B and trades on NYSE.
What is Cloudflare, Inc.'s revenue and profitability?
Cloudflare, Inc. generated $2.5B in trailing twelve-month revenue with a net loss of $206.3M, representing a net margin of -8.2%. Gross margin stands at 72.6%, with free cash flow of $348.4M. The latest reported period is Q2 2026.
Who are Cloudflare, Inc.'s competitors?
Cloudflare, Inc.'s key competitors include Fastly, Akamai Technologies, Zscaler, and others. These companies compete in similar markets and product categories.
Where is Cloudflare, Inc. headquartered?
Cloudflare, Inc. is headquartered in United States of America and employs approximately 3,704 people. It has been publicly traded since 2019.