10x Insights
Loading account…
Companies / Information Technology / Cloudflare, Inc.
NET

Cloudflare, Inc.

Information TechnologyPrepackaged Software
Ticker NETSAN FRANCISCO, CAFiscal year ends DecemberBook value per share $4.58Diluted shares 353.5M

Cloudflare (NYSE: NET) provides cloud-based network, security, performance, and reliability services to organizations of all sizes, helping protect and connect websites, applications, corporate networks, and users while reducing reliance on individual network hardware. Its products include application security and… From the company’s description.

In fiscal 2025, Cloudflare, Inc. reported revenue of $2.17B, up 29.8% from fiscal 2024, and a net loss of $102.27M. Its operating margin was −9.6%, and operations generated $603.11M in cash. Over the twelve months to Jun 30, 2026, revenue was $2.51B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$2.17BFY2025
+29.8% year over year
Last 12 mo $2.51B
-9.56%FY2025
−0.3 percentage points
Last 12 mo -14.11%
$-102.27MFY2025
−29.8% year over year
Last 12 mo $-206.27M
-7.01%FY2025
+0.5 percentage points
Last 12 mo -12.73%
Cash & financing
$603.11MFY2025
+58.5% year over year
Last 12 mo $633.43M
$260.56MFY2025
+56.1% year over year
Last 12 mo $314.87M
2.24FY2025
Was 1.23× a year earlier
Last 12 mo 2.02
348.4MFY2025
+2.1% year over year
Last 12 mo 353.5M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Cloudflare, Inc. does

In the company’s own words

Cloudflare (NYSE: NET) provides cloud-based network, security, performance, and reliability services to organizations of all sizes, helping protect and connect websites, applications, corporate networks, and users while reducing reliance on individual network hardware. Its products include application security and content delivery, a secure access service edge (SASE) platform with Zero Trust and network services, developer tools for compute, storage, databases, and AI, and consumer services such as 1.1.1.1 DNS and WARP. Customers include businesses across industries, government organizations, developers, and individual consumers; as of December 31, 2025, it served approximately 332,000 paying customers in more than 190 countries. Cloudflare operates as one reportable segment and delivers its services through a global network spanning more than 330 cities in over 125 countries. Its platform includes Cloudflare Workers for building and deploying applications, while consumer offerings include Cloudflare Registrar. The company had 5,156 full-time employees as of December 31, 2025. Its website is https://www.cloudflare.com/.

Company details
Sector
Information Technology
Industry (SIC)
Prepackaged Software
Headquarters
SAN FRANCISCO, CA
Fiscal year end
December
CIK
1477333
SIC
7372

Financial performance, year by year

Fiscal 2019–2025 · USD
$-537.57M$294.22M$1.13B$1.96B$2.79B2019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Cloudflare, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

699
funds hold it
0 of 35
superinvestors hold it
$30.73B
held by funds, at market
39.9%
of shares held by funds
3
bond issues held by funds

Largest fund holders · Cloudflare, Inc.’s weight in each

1.02%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.11%of fund net assets
VANGUARD MID-CAP INDEX FUND
VO · VANGUARD INDEX FUNDS
0.76%of fund net assets
0.83%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.92%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Cloudflare, Inc.’s bonds, as funds hold them

Funds report holding 3 issues of Cloudflare, Inc.’s debt, $674.64M at market value — what funds hold, not the company’s total debt.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Cloudflare, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Cloudflare, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Cloudflare, Inc.'s last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.