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Cloudflare, Inc. NET Enterprise value

Enterprise value at other companies

Microsoft logo
MicrosoftMSFT
$2.84T-0.9%
Amazon logo
AmazonAMZN
$2.37T+12.5%
F5, Inc. logo
F5, Inc.FFIV
$15.17B+5.6%
Akamai Technologies logo
Akamai TechnologiesAKAM
$17.77B+47.2%
Zscaler logo
ZscalerZS
$21.76B-31.5%
Alphabet Inc. logo
Alphabet Inc.GOOGL

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$80.53B+86.8%
P/S34.6×+10.2×

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

Calculated from Cloudflare, Inc.’s reported figures.

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 enterprise value?
Cloudflare, Inc. (NET) reported enterprise value of $71.94B in Q1 2026.
How has Cloudflare, Inc.'s enterprise value changed year-over-year?
Cloudflare, Inc.'s enterprise value increased by 85.1% year-over-year, from $38.86B to $71.94B.
What is the long-term trend for Cloudflare, Inc.'s enterprise value?
Over 4 years (2021 to 2025), Cloudflare, Inc.'s enterprise value has grown at a 16.2% compound annual growth rate (CAGR), from $134.14B to $244.47B.
What does enterprise value mean?
What it would cost to buy the entire business, debt included and cash netted out.
How do you interpret enterprise value?
The capital-structure-neutral valuation base — used in EV/EBITDA and EV/Sales to compare companies with different leverage on a like-for-like footing.
How does enterprise value compare across companies?
Comparable across non-financial companies via the EV multiples it feeds; not used for banks and insurers.