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Cloudflare, Inc. NET Convertible debentures

Convertible debentures at other companies

Palo Alto Networks, Inc. logo
Palo Alto Networks, Inc.PANW

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:ConvertibleDebtNoncurrent.

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 convertible debentures?
Cloudflare, Inc. (NET) reported convertible debentures of $1.98B in Q1 2026.
How has Cloudflare, Inc.'s convertible debentures changed year-over-year?
Cloudflare, Inc.'s convertible debentures increased by 53.3% year-over-year, from $1.29B to $1.98B.
What is the long-term trend for Cloudflare, Inc.'s convertible debentures?
Over 5 years (2020 to 2025), Cloudflare, Inc.'s convertible debentures has grown at a 38.8% compound annual growth rate (CAGR), from $383.28M to $1.97B.
What does convertible debentures mean?
Long-term debt that can be exchanged for company stock at a future date.
How do you interpret convertible debentures?
An increase indicates reliance on convertible financing, which may lead to future shareholder dilution upon conversion.
How does convertible debentures compare across companies?
High-growth software companies frequently utilize convertible notes to fund expansion while managing interest expense.