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AI Cloud·NET
Cloudflare, Inc.
NYSE · US
Distributed cloud and network platform selling Workers AI, a serverless GPU-backed inference service on Cloudflare's global network.
AI relevance
Edge AI inference cloud with GPU capacity exposed through developer APIs rather than traditional VM rentals.
Price
$224.11
Change
-2.76 (-1.22%)
Market cap
$79.5B
52w range
$159–$277
Exchange
NYSE
Country
US
Jason's Chips
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Price chart
NET market performance
Daily close for Cloudflare, Inc.
- Latest close
- $224.1
- Range move
- +$42.66 (+23.5%)
- Range high
- $272.7
- Range low
- $160.2
- Latest volume
- 4.4M
- Source
- FMP EOD
Downloads
CSVExports
Download statements, ratios, chart data, and transcript indexes.
Income statement
10 annual rowsRevenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.
Balance sheet
9 annual rowsCash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.
Cash flow
10 annual rowsOperating cash flow, capital expenditures, and free cash flow.
Key metrics
10 annual rowsEnterprise value, valuation multiples, returns, yields, and cash conversion.
Ratios
10 annual rowsMargins, liquidity ratios, valuation ratios, leverage, and per-share metrics.
Chart data
1255 rowsFive years of daily close and volume data powering the company chart.
Transcript list
27 rowsAvailable earnings-call transcript dates by fiscal year and quarter.
StreetBuy
Analyst expectations
Rating consensus40 ratings
Strong buy
0
Buy
28
Hold
10
Sell
2
Strong sell
0
Annual estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-12-31 | $2.81B | $2.77B - $2.82B | $1.20 | $1.16 - $1.23 | $816.8M | $635.5M | $415.6M | $1.79B | 25 rev / 18 EPS |
| 2027-12-31 | $3.59B | $3.52B - $3.81B | $1.58 | $1.38 - $1.90 | $1.04B | $813.0M | $570.3M | $2.29B | 25 rev / 18 EPS |
| 2028-12-31 | $4.58B | $4.57B - $4.59B | $2.16 | $-6.55 - $8.55 | $1.33B | $1.04B | $191.8M | $2.92B | 15 rev / 4 EPS |
| 2029-12-31 | $5.53B | $5.44B - $5.74B | $3.43 | $3.36 - $3.60 | $1.61B | $1.25B | $1.19B | $3.53B | 11 rev / 2 EPS |
| 2030-12-31 | $6.74B | $6.64B - $6.99B | $0.00 | $0.00 - $0.00 | $1.96B | $1.52B | $0 | $4.30B | 7 rev / 2 EPS |
Quarterly estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | $664.7M | $662.3M - $672.5M | $0.27 | $0.27 - $0.28 | $193.2M | $150.3M | $94.7M | $424.3M | 19 rev / 19 EPS |
| 2026-09-30 | $721.4M | $715.1M - $726.3M | $0.32 | $0.29 - $0.33 | $209.7M | $163.1M | $112.7M | $460.5M | 19 rev / 18 EPS |
| 2026-12-31 | $784.9M | $777.8M - $802.2M | $0.36 | $0.36 - $0.37 | $228.2M | $177.5M | $127.4M | $501.0M | 11 rev / 16 EPS |
| 2027-03-31 | $819.5M | $812.1M - $837.5M | $0.34 | $0.34 - $0.35 | $238.2M | $185.3M | $119.9M | $523.1M | 10 rev / 8 EPS |
| 2027-06-30 | $850.5M | $842.8M - $869.2M | $0.36 | $0.36 - $0.37 | $247.2M | $192.4M | $127.1M | $542.9M | 9 rev / 8 EPS |
| 2027-09-30 | $917.7M | $909.4M - $937.8M | $0.41 | $0.41 - $0.42 | $266.8M | $207.6M | $144.6M | $585.8M | 9 rev / 13 EPS |
| 2027-12-31 | $994.8M | $985.8M - $1.02B | $0.44 | $0.44 - $0.46 | $289.2M | $225.0M | $156.6M | $635.0M | 17 rev / 8 EPS |
| 2028-03-31 | $1.04B | $1.03B - $1.07B | $0.52 | $0.51 - $0.53 | $303.6M | $236.2M | $182.3M | $666.6M | 15 rev / 9 EPS |
Price target history
| Window | Targets | Average target |
|---|---|---|
| Last month | 9 | $245.56 |
| Last quarter | 13 | $242.69 |
| Last year | 46 | $236.02 |
| All time | 95 | $163.99 |
Sources: TheFly, StreetInsider, Benzinga, TipRanks Contributor, Pulse 2.0
Latest grade actions
| Date | Firm | Action | Previous | New |
|---|---|---|---|---|
| 2026-06-15 | Citizens | Maintain | Market Outperform | Market Outperform |
| 2026-06-11 | Truist Securities | Maintain | Buy | Buy |
| 2026-06-10 | UBS | Maintain | Neutral | Neutral |
| 2026-06-10 | Mizuho | Maintain | Outperform | Outperform |
| 2026-06-10 | Cantor Fitzgerald | Maintain | Neutral | Neutral |
| 2026-06-10 | Guggenheim | Maintain | Sell | Sell |
| 2026-06-10 | Needham | Maintain | Buy | Buy |
| 2026-06-10 | BTIG | Maintain | Buy | Buy |
Historical rating snapshots
| Date | Strong buy | Buy | Hold | Sell | Strong sell |
|---|---|---|---|---|---|
| 2026-06-01 | 6 | 16 | 10 | 1 | 1 |
| 2026-05-01 | 7 | 17 | 10 | 1 | 1 |
| 2026-04-01 | 7 | 17 | 11 | 1 | 1 |
| 2026-03-01 | 5 | 17 | 11 | 2 | 1 |
| 2026-02-01 | 5 | 17 | 12 | 2 | 1 |
| 2026-01-01 | 5 | 15 | 12 | 2 | 1 |
| 2025-12-01 | 5 | 15 | 12 | 2 | 1 |
| 2025-11-01 | 4 | 15 | 13 | 1 | 1 |
FinancialsFY 2025
Financials
Income statement annual
| Period | Revenue | Gross profit | Gross margin | R&D | Operating income | EBITDA | Net income | EPS |
|---|---|---|---|---|---|---|---|---|
| FY 2025 | $2.17B | $1.62B | 74.5% | $512.5M | -$207.2M | $105.8M | -$102.3M | $-0.29 |
| FY 2024 | $1.67B | $1.29B | 77.3% | $421.4M | -$154.8M | $62.0M | -$78.8M | $-0.23 |
| FY 2023 | $1.30B | $989.7M | 76.3% | $358.1M | -$185.5M | -$36.2M | -$183.9M | $-0.55 |
| FY 2022 | $975.2M | $742.6M | 76.1% | $298.3M | -$201.2M | -$83.4M | -$193.4M | $-0.59 |
| FY 2021 | $656.4M | $509.3M | 77.6% | $189.4M | -$127.7M | -$132.1M | -$260.3M | $-0.83 |
| FY 2020 | $431.1M | $330.0M | 76.6% | $127.1M | -$106.8M | -$50.6M | -$119.4M | $-0.40 |
| FY 2019 | $287.0M | $223.6M | 77.9% | $90.7M | -$107.9M | -$74.1M | -$105.8M | $-0.35 |
| FY 2018 | $192.7M | $149.1M | 77.4% | $54.5M | -$84.9M | -$66.2M | -$87.2M | $-0.37 |
| FY 2017 | $134.9M | $106.1M | 78.7% | $33.6M | -$9.7M | $3.3M | -$10.7M | $-0.04 |
| FY 2016 | $84.8M | $60.8M | 71.7% | $23.7M | -$17.0M | -$8.3M | -$17.3M | $-0.07 |
Cash flow annual
| Period | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|
| FY 2025 | $666.9M | $342.6M | $324.3M |
| FY 2024 | $380.4M | $185.0M | $195.4M |
| FY 2023 | $254.4M | $114.4M | $119.5M |
| FY 2022 | $123.6M | $163.4M | -$39.8M |
| FY 2021 | $64.6M | $107.7M | -$43.1M |
| FY 2020 | -$17.1M | $75.0M | -$92.1M |
| FY 2019 | -$38.9M | $57.3M | -$96.2M |
| FY 2018 | -$43.3M | $34.8M | -$78.1M |
| FY 2017 | $3.2M | $23.0M | -$19.8M |
| FY 2016 | -$13.3M | $18.6M | -$31.9M |
Balance sheet annual
| Period | Cash + ST inv. | Receivables | Inventory | PP&E | Assets | Debt | Net debt | Liabilities | Equity |
|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | $4.10B | $406.0M | $0 | $856.3M | $6.04B | $3.70B | $2.76B | $4.58B | $1.46B |
| FY 2024 | $1.86B | $333.3M | $0 | $635.8M | $3.30B | $1.46B | $1.32B | $2.25B | $1.05B |
| FY 2023 | $1.67B | $259.3M | $0 | $461.4M | $2.76B | $1.44B | $1.35B | $2.00B | $763.0M |
| FY 2022 | $1.65B | $156.8M | $0 | $419.0M | $2.59B | $1.58B | $1.37B | $1.96B | $624.0M |
| FY 2021 | $1.82B | $101.6M | $0 | $314.1M | $2.37B | $1.29B | $979.4M | $1.56B | $815.8M |
| FY 2020 | $1.03B | $67.0M | $0 | $166.8M | $1.38B | $428.3M | $319.4M | $563.7M | $816.9M |
| FY 2019 | $636.9M | $35.9M | $0 | $101.5M | $830.8M | $10.5M | -$128.5M | $105.0M | $725.8M |
| FY 2018 | $160.7M | $26.7M | $0 | $73.2M | $298.4M | $10.7M | -$14.4M | $411.9M | -$113.5M |
| FY 2017 | $73.4M | $15.2M | $0 | $51.4M | $163.1M | $10.9M | -$13.5M | $223.0M | -$59.8M |
Annual ratios and key metrics
| Period | Gross margin | Op margin | Net margin | Current | Quick | ROE | ROIC | EV / sales | EV / EBITDA | FCF yield | R&D / rev. | Cash cycle |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | 74.5% | -9.6% | -4.7% | 2.0x | 2.0x | -7.0% | -4.1% | 33.0x | 675.3x | 0.5% | 23.6% | 13d |
| FY 2024 | 77.3% | -9.3% | -4.7% | 2.9x | 2.9x | -7.5% | -6.1% | 22.8x | 613.7x | 0.5% | 25.2% | -29d |
| FY 2023 | 76.3% | -14.3% | -14.2% | 3.5x | 3.5x | -24.1% | -8.3% | 22.5x | -805.3x | 0.4% | 27.6% | 9d |
| FY 2022 | 76.1% | -20.6% | -19.8% | 4.7x | 4.7x | -31.0% | -9.0% | 16.5x | -193.3x | -0.3% | 30.6% | 3d |
| FY 2021 | 77.6% | -19.5% | -39.7% | 6.8x | 6.8x | -31.9% | -6.0% | 64.1x | -318.2x | -0.1% | 28.9% | -8d |
| FY 2020 | 76.6% | -24.8% | -27.7% | 8.0x | 8.0x | -14.6% | -8.1% | 53.6x | -456.3x | -0.4% | 29.5% | 4d |
| FY 2019 | 77.9% | -37.6% | -36.9% | 8.2x | 8.2x | -14.6% | -14.5% | 17.4x | -67.4x | -1.9% | 31.6% | -20d |
| FY 2018 | 77.4% | -44.1% | -45.2% | 3.2x | 3.2x | 76.8% | -35.8% | 22.1x | -64.3x | -1.8% | 28.3% | -69d |
| FY 2017 | 78.7% | -7.2% | -8.0% | 3.4x | 3.4x | 18.0% | -7.1% | 33.4x | 1356.8x | -0.4% | 24.9% | -19d |
| FY 2016 | 71.7% | -20.1% | -20.4% | 0.0x | 0.0x | 0.0% | 0.0% | 0.0x | 0.0x | -0.7% | 27.9% | 0d |
Annual growth
| Period | Revenue | Gross profit | R&D | Op income | Net income | EPS | FCF | Capex | Cash + ST inv. | Inventory | Assets | Debt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | +29.8% | +25.1% | +21.6% | -33.9% | -29.8% | -26.1% | +66.0% | -85.1% | +120.5% | 0.0% | +82.9% | +152.9% |
| FY 2024 | +28.8% | +30.4% | +17.7% | +16.6% | +57.2% | +58.2% | +63.6% | -37.1% | +11.1% | 0.0% | +19.6% | +2.0% |
| FY 2023 | +33.0% | +33.3% | +20.1% | +7.8% | +4.9% | +6.8% | +400.4% | +17.4% | +1.4% | 0.0% | +6.6% | -9.0% |
| FY 2022 | +48.6% | +45.8% | +57.5% | -57.6% | +25.7% | +28.9% | +7.7% | -51.6% | -9.4% | 0.0% | +9.1% | +22.0% |
| FY 2021 | +52.3% | +54.3% | +49.0% | -19.6% | -118.1% | -107.5% | +53.2% | -43.7% | +76.5% | 0.0% | +71.8% | +201.9% |
| FY 2020 | +50.2% | +47.6% | +40.2% | +1.1% | -12.8% | -14.3% | +4.3% | -30.9% | +62.0% | 0.0% | +66.2% | +3976.7% |
| FY 2019 | +49.0% | +49.9% | +66.5% | -27.1% | -21.4% | +5.4% | -23.1% | -64.4% | +296.5% | 0.0% | +178.4% | -1.8% |
| FY 2018 | +42.8% | +40.5% | +61.9% | -772.5% | -711.0% | -764.5% | -294.4% | -51.6% | +118.9% | 0.0% | +82.9% | -2.1% |
| FY 2017 | +59.1% | +74.5% | +42.2% | +42.9% | +38.0% | +41.4% | +37.9% | -23.8% | 0.0% | 0.0% | 0.0% | 0.0% |
| FY 2016 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | -- | -- | -- | -- |
SegmentsFY 2025
Revenue Mix
Latest product mixFY 2025 · $2.17B
Reportable Segment$2.17B · 100.0%
Latest geography mixFY 2025 · $2.17B
UNITED STATES$1.07B · 49.5%
EMEA$598.6M · 27.6%
Asia Pacific$329.8M · 15.2%
Other Geographical Regions$166.6M · 7.7%
Product revenue annual
| Period | Total | Reportable Segment |
|---|---|---|
| FY 2025 | $2.17B | $2.17B |
| FY 2024 | $1.67B | $1.67B |
Geography revenue annual
| Period | Total | UNITED STATES | EMEA | Asia Pacific | Other Geographical Regions | CHINA |
|---|---|---|---|---|---|---|
| FY 2025 | $2.17B | $1.07B | $598.6M | $329.8M | $166.6M | -- |
| FY 2024 | $1.67B | $849.5M | $466.5M | $223.2M | $130.4M | -- |
| FY 2023 | $1.30B | $678.2M | $356.6M | $168.8M | $93.2M | -- |
| FY 2022 | $975.2M | $515.7M | $258.3M | $133.4M | $67.9M | -- |
| FY 2021 | $656.4M | $342.6M | $172.1M | $96.5M | $45.2M | -- |
| FY 2020 | $431.1M | $218.2M | $109.3M | $76.2M | $27.4M | -- |
| FY 2019 | $287.0M | $144.6M | $68.4M | $42.3M | $18.9M | $12.9M |
Transcripts27 on file
Transcripts
Events
Events
Next earnings
2026-07-30EPS est $0.27
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