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Cloudflare, Inc. NET Contract Assets

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Other financials

Income statement

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Revenue$639.8M+33.5%
Gross profit$455.6M+25.3%
Operating income-$62.0M-16.4%
Net income-$22.9M+40.4%
EPS (diluted)-$0.07+36.4%

Balance sheet

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Cash & equivalents$944.4M+347%
Total debt$256.7M+36.9%
Total equity$1.5B+7.1%
Total assets$6.2B+65.6%

Cash flow

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Operating cash flow$158.3M+8.6%
CapEx$65.2M-24.1%
Free cash flow$93.1M+55.4%

Valuation

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Market cap$79.53B+86.8%
Enterprise value$78.84B+85.1%
P/S34.2×+10.1×

Profitability

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Gross margin73.3%-3.6pp
Operating margin-9.3%+0.7pp
Net margin-3.7%-0.6pp

Returns & leverage

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Return on equity-5.9%-1.0pp
Debt / equity0.2×0.0×
Current ratio-1.2×

Where this comes from

Reported directly by Cloudflare, Inc. in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetNetCurrent.

The official record: Cloudflare, Inc.’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cloudflare, Inc.'s contract assets?
Cloudflare, Inc. (NET) reported contract assets of $24.16M in Q1 2026.
How has Cloudflare, Inc.'s contract assets changed year-over-year?
Cloudflare, Inc.'s contract assets increased by 51.1% year-over-year, from $15.99M to $24.16M.
What is the long-term trend for Cloudflare, Inc.'s contract assets?
Over 5 years (2020 to 2025), Cloudflare, Inc.'s contract assets has grown at a 46.1% compound annual growth rate (CAGR), from $3.54M to $23.53M.
What does contract assets mean?
Revenue recognized for work performed that has not yet been billed to the customer.
How do you interpret contract assets?
An increase indicates strong performance in delivering services ahead of billing cycles, though it may also signal potential future cash flow timing differences.
How does contract assets compare across companies?
Common in SaaS and subscription businesses; peers with similar revenue recognition models will show comparable trends.