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Cloudflare, Inc. NET United States — PP&E (Net)

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Other financials

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

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Market cap$110.59B+57.8%
Enterprise value$110.47B+60.6%
P/S44×+6.8×

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 / equity+0.8×
Current ratio1.8×-3.3×

Where this comes from

Reported directly by Cloudflare, Inc. in its filing.

Tagged under the XBRL concept us-gaap:PropertyPlantAndEquipmentNet.

The source filing: Cloudflare, Inc.’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:24 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001477333-26-000054
Line itemJune 30, 2026December 31, 2025
United States$375,019$298,256
Rest of the world328,190320,435
Total property and equipment, net$703,209$618,691

Item 1. FINANCIAL STATEMENTS

FAQ

What is Cloudflare, Inc.'s united states — PP&E (net)?
Cloudflare, Inc. (NET) reported united states — PP&E (net) of $375.02M in Q2 2026.
How has Cloudflare, Inc.'s united states — PP&E (net) changed year-over-year?
Cloudflare, Inc.'s united states — PP&E (net) increased by 40.8% year-over-year, from $266.41M to $375.02M.
What is the long-term trend for Cloudflare, Inc.'s united states — PP&E (net)?
Over 4 years (2021 to 2025), Cloudflare, Inc.'s united states — PP&E (net) has grown at a 26.3% compound annual growth rate (CAGR), from $435.09M to $1.11B.
What does united states — PP&E (net) mean?
This metric reflects the net book value of tangible assets, such as servers, networking hardware, and data center infrastructure, located within the United States. It quantifies the capital investment required to maintain and expand the company's distributed edge network and serverless computing capacity. Monitoring this figure provides insight into the company's capital intensity and the physical footprint supporting its domestic operations.

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