Cloudflare
NET
360.93
+19.04
+5.57%
Cloudflare
US · NET
#192 by market cap
Listed 2019
360.93
+19.04
+5.57%
Live - 5344 symbols - heartbeat 70s ago
· 2026-10-09 20:02
✦ Quant Financial Health how this is computed
Good
- Altman Z-Score is 17.27, above the 3.0 "safe zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +29.85% YoY
Margins
- Gross margin
- 74.51%
- Operating margin
- -9.56%
- Net margin
- -4.72%
Key ratios & quality
- Enterprise valuei
- 127.75B
- Altman Z-Scorei
- 17.27
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 192.67M | 287.02M | 431.06M | 656.43M | 975.24M | 1.30B | 1.67B | 2.17B |
| Gross profit | 149.14M | 223.60M | 330.00M | 509.29M | 742.63M | 989.74M | 1.29B | 1.62B |
| Selling & admin expenses | 179.57M | 240.88M | 309.63M | 447.57M | 645.53M | 817.08M | 1.02B | 1.31B |
| Research & development | 54.46M | 90.67M | 127.14M | 189.41M | 298.30M | 358.14M | 421.37M | 512.49M |
| Operating profit | -84.90M | -107.95M | -106.77M | -127.68M | -201.20M | -185.49M | -154.76M | -207.21M |
| Pretax profit | -86.09M | -104.71M | -124.97M | -247.98M | -190.73M | -177.86M | -70.87M | -92.71M |
| Tax | 1.08M | 1.12M | -5.60M | 12.33M | 2.65M | 6.09M | 7.93M | 9.56M |
| Net profit | -87.16M | -105.83M | -119.37M | -260.31M | -193.38M | -183.95M | -78.80M | -102.27M |
| Basic EPS | -1 | -1 | 0 | -1 | -1 | -1 | 0 | 0 |
| Diluted EPS | -1.08 | -0.72 | -0.40 | -0.83 | -0.59 | -0.55 | -0.23 | -0.29 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 479.09M | 512.32M | 562.03M | 614.51M | 639.76M | 696.06M |
| Gross profit | 363.51M | 383.64M | 415.71M | 452.55M | 455.60M | 499.52M |
| Selling & admin expenses | 301.67M | 316.35M | 332.22M | 359.90M | 366.62M | 395.03M |
| Research & development | 115.09M | 134.56M | 120.96M | 141.89M | 150.97M | 159.49M |
| Operating profit | -53.25M | -67.26M | -37.46M | -49.23M | -61.99M | -55.00M |
| Pretax profit | -36.76M | -47.29M | 1.85M | -10.51M | -21.40M | -167.94M |
| Tax | 1.70M | 3.16M | 3.14M | 1.57M | 1.53M | 2.04M |
| Net profit | -38.45M | -50.45M | -1.29M | -12.08M | -22.93M | -169.98M |
| Basic EPS | 0 | 0 | 0 | 0 | 0 | 0 |
| Diluted EPS | -0.11 | -0.15 | 0.00 | -0.03 | -0.07 | -0.48 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 196.74M | 689.87M | 1.13B | 1.96B | 1.89B | 1.98B | 2.27B | 4.64B |
| Cash & ST investments | 160.66M | 636.95M | 1.03B | 1.82B | 1.65B | 1.67B | 1.86B | 4.10B |
| Inventory | -- | -- | -- | -- | -- | -- | -- | -- |
| Total assets | 298.38M | 830.82M | 1.38B | 2.37B | 2.59B | 2.76B | 3.30B | 6.04B |
| Total current liabilities | 61.38M | 83.88M | 141.38M | 288.57M | 397.87M | 567.08M | 793.65M | 2.35B |
| Short-term debt | 255.00K | -- | 17.72M | 37.29M | 33.28M | 38.35M | 47.63M | 1.36B |
| Long-term debt | -- | -- | 383.28M | 1.15B | 1.44B | 1.28B | 1.29B | 1.97B |
| Total liabilities | 411,885,000.00 | 104,996,000.00 | 563,711,000.00 | 1,556,273,000.00 | 1,963,944,000.00 | 1,996,720,000.00 | 2,254,961,000.00 | 4,577,133,000.00 |
| Total equity | -113.51M | 725.83M | 816.94M | 815.80M | 623.96M | 763.05M | 1.05B | 1.46B |
| Retained earnings | -195.88M | -301.71M | -420.52M | -680.83M | -839.89M | -1.02B | -1.10B | -1.20B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 2.62B | 4.41B | 4.54B | 4.64B | 4.72B | 4.78B |
| Cash & ST investments | 1.91B | 3.96B | 4.04B | 4.10B | 4.16B | 4.16B |
| Inventory | -- | -- | -- | -- | -- | -- |
| Total assets | 3.72B | 5.56B | 5.79B | 6.04B | 6.16B | 6.47B |
| Total current liabilities | 821.01M | 857.59M | 2.22B | 2.35B | 2.41B | 2.63B |
| Short-term debt | 53.06M | 56.81M | 1.36B | 1.36B | 1.37B | 1.37B |
| Long-term debt | 1.29B | 3.26B | 1.97B | 1.97B | 1.98B | 1.98B |
| Total liabilities | 2,295,381,000.00 | 4,322,634,000.00 | 4,439,379,000.00 | 4,577,133,000.00 | 4,637,269,000.00 | 4,854,107,000.00 |
| Total equity | 1.43B | 1.24B | 1.35B | 1.46B | 1.53B | 1.62B |
| Retained earnings | -1.14B | -1.19B | -1.19B | -1.20B | -1.23B | -1.40B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -43.28M | -38.92M | -17.13M | 64.65M | 123.60M | 254.41M | 380.43M | 603.11M |
| Depreciation & amortization | 18.91M | 29.48M | 49.39M | 66.61M | 102.34M | 135.82M | 127.72M | 189.74M |
| Free cash flow | -78.12M | -96.20M | -92.09M | -43.09M | -39.77M | 119.46M | 166.92M | 260.56M |
| Dividends paid | -- | -- | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -65.00K | 570.26M | -157.00K | -189.00K | -3.00K | -34.00K | 0 | 0 |
| Ending cash balance | 31.43M | 145.64M | 118.15M | 320.96M | 215.20M | 91.22M | 154.21M | 954.36M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 145.78M | 99.80M | 167.12M | 190.41M | 158.33M | 117.56M |
| Depreciation & amortization | 42.21M | 45.48M | 49.47M | 52.59M | 57.81M | 65.36M |
| Free cash flow | 52.87M | 33.28M | 74.97M | 99.44M | 84.07M | 56.38M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -- | -- | -- | -- | -- | -- |
| Ending cash balance | 211.08M | 1.53B | 1.06B | 954.36M | 944.41M | 1.68B |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | -- | -34.57 | -15.47 | -31.89 | -26.86 | -26.52 | -8.71 | -8.16 |
| ROA %i | -37.77 | -18.74 | -10.80 | -13.87 | -7.80 | -6.88 | -2.60 | -2.19 |
| ROIC %i | -- | -34.50 | -10.19 | -13.46 | -9.34 | -10.60 | -6.11 | -5.32 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -27.06 | -21.89 | -20.43 |
| EBIT margin %i | -44.17 | -36.10 | -23.20 | -30.28 | -19.05 | -13.26 | -3.93 | -3.87 |
| FCF / sales %i | -- | -- | -- | -- | -- | 9.21 | 10.00 | 12.02 |
| Current ratioi | 3.21 | 8.22 | 7.99 | 6.78 | 4.74 | 3.50 | 2.86 | 1.98 |
| Quick ratioi | 3.05 | 8.02 | 7.77 | 6.67 | 4.54 | 3.41 | 2.76 | 1.92 |
| Debt / assetsi | 3.59 | 1.26 | 31.02 | 54.52 | 60.94 | 52.00 | 44.32 | 58.29 |
| LT debt / equityi | -- | 1.45 | 50.26 | 153.95 | 247.42 | 183.06 | 135.31 | 147.77 |
| Interest coveragei | -85.78 | -93.17 | -4.01 | -4.04 | -37.27 | -29.29 | -12.64 | -9.58 |
| Revenue CAGR (3Y) %i | -- | 50.15 | 47.29 | 50.47 | 50.34 | 44.36 | 36.50 | 30.51 |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | -7.35 | -11.04 | -8.88 | -8.16 | -5.88 | -14.43 |
| ROA %i | -2.51 | -2.76 | -2.33 | -2.19 | -1.75 | -3.43 |
| ROIC %i | -5.71 | -5.26 | -5.09 | -5.32 | -4.30 | -6.05 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | -3.89 | -5.41 | -4.26 | -3.87 | -2.90 | -7.43 |
| FCF / sales %i | 10.40 | 9.52 | 10.37 | 12.02 | 12.53 | 12.53 |
| Current ratioi | 3.20 | 5.14 | 2.04 | 1.98 | 1.96 | 1.82 |
| Quick ratioi | 2.70 | 5.00 | 1.99 | 1.92 | 1.89 | 1.76 |
| Debt / assetsi | 39.66 | 62.24 | 60.52 | 58.29 | 57.18 | 54.51 |
| LT debt / equityi | 99.79 | 274.68 | 159.33 | 147.77 | 141.33 | 133.20 |
| Interest coveragei | -12.42 | -17.43 | -11.70 | -9.58 | -6.82 | -16.29 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
Revenue breakdown most recent period
Business
Single segment100.00%
Quote time 2026-10-09 20:02:37 · For reference only, not investment advice and not tailored to your situation.
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