
Cloudflare, Inc.
NYSE•NET
CEO: Mr. Matthew Prince J.D.
Sector: Technology
Industry: Software - Infrastructure
Listing Date: 2019-09-13
Cloudflare, Inc. operates as a cloud services provider that delivers a range of services to businesses worldwide. The company provides an integrated cloud-based security solution to secure a range of combination of platforms, including public cloud, private cloud, on-premise, software-as-a-service applications, and IoT devices; and website and application security products comprising web application firewall, bot management, distributed denial of service, API gateways, SSL/TLS encryption, script management, security center, and rate limiting products. It offers website and application performance solutions, including content delivery, load balancing, DNS, agro smart routing, video stream delivery, web optimization, cache reserve, cloudfare waiting room, and cloudfare data localization suite; SASE platform through cloudfare one that provides a cloud-based network-as-a-service; network services which deliver network connectivity, security, and performance, including magic WAN, magic transit, magic firewall, cloudflare network interconnect, and spectrum. In addition, the company provides zero trust services, such as cloudflare access, cloudflare gateway, remote browser isolation, cloud access security broker, cloud email security, and data loss prevention products that protects, inspects, and provides privilege rules to grant access to data and application. Further, it provides developer-based solutions consisting of cloudflare workers, R2 object storage, workers KV, durable objects, cloudfare pages, cloudfare stream, and cloudfare images; and consumer products comprising of 1.1.1.1, a DNS resolver, WARP, a virtual private network, and cloudfare registrar that secures registration and management of domain names. The company serves customers in the technology, healthcare, financial services, consumer and retail, industrial, and non-profit industries, as well as government. Cloudflare, Inc. was incorporated in 2009 and is headquartered in San Francisco, California.
Contact Information
Market Cap
$70.87B
P/E (TTM)
-672.3
39.5
Dividend Yield
--
52W High
$260.00
52W Low
$89.42
52W Range
Rank63Top 84.3%
2.2
F-Score
Modified Piotroski Analysis
Based on 9-year fundamentals
Weak • 2.2 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2024
Financial Dashboard
Q3 2025 Data
Revenue
$562.03M+30.68%
4-Quarter Trend
EPS
-$0.04-10.71%
4-Quarter Trend
FCF
$82.48M+82.16%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
Nine Months Revenue Growth Revenue reached $1.553B USD for nine months, increasing 28% compared to $1.210B USD last year.
Operating Cash Flow Surge Net cash provided by operating activities totaled $412.7M USD for nine months, up 63% from $253.1M USD prior period.
Customer Base Expansion Paying customers grew to 295,552 as of September 30, 2025; dollar-based net retention rate hit 119% for the quarter.
Strong Cash Position Cash and cash equivalents stood at $1.053B USD as of September 30, 2025, supported by recent debt issuance proceeds.
Risk Factors
History of Net Losses Incurred net losses of $90.2M USD for nine months; accumulated deficit reached $1.193B USD as of September 30, 2025.
Gross Margin Compression Noted Gross margin decreased to 75% for nine months, down from 78% in 2024, due to rising cost of revenue expenses.
Macroeconomic Uncertainty Impact Geopolitical tensions and adverse economic conditions may adversely affect customer spending, demand, and future operating results.
Growth Rate Slowing Risk Experienced rapid revenue growth recently, but the rate has slowed and may continue to decelerate in future reporting periods.
Outlook
Focus on Long-Term Growth Strategy centers on long-term growth, reinvesting cash flow into network expansion and product development, potentially lowering short-term profitability.
Liquidity Sufficient for Twelve Months Existing cash, securities, and Revolving Credit Facility capacity expected to meet working capital needs for at least the next 12 months.
New Convertible Note Issuance Issued $2.0B aggregate principal amount of 0% Convertible Senior Notes due 2030 in June 2025, netting $1.971B USD proceeds.
Continued Investment in Network Intends substantial investment in global network infrastructure, including servers and GPUs, to support storage and AI developer products.
Peer Comparison
Revenue (TTM)
GLW$14.92B
MSI$11.31B
MRVL$7.79B
Gross Margin (Latest Quarter)
CDNS95.3%
ADSK92.4%
FTNT81.5%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| CDNS | $87.99B | 82.6 | 21.6% | 25.8% |
| SNPS | $84.14B | 53.2 | 7.1% | 29.6% |
| GLW | $75.72B | 55.6 | 12.4% | 30.7% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
6.9%
Steady Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
100%
Strong Cash Flow
Research & Insights
Next earnings:Feb 5, 2026
EPS:$0.27
|Revenue:-
Reports
All Years
Form 10-Q - Q3 2025
Period End: Sep 30, 2025|Filed: Oct 30, 2025|Revenue: $562.03M+30.7%|EPS: $-0.04-10.7%MissForm 10-Q - Q2 2025
Period End: Jun 30, 2025|Filed: Jul 31, 2025|Revenue: $512.32M+27.8%|EPS: $-0.15+227.8%MissForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: May 8, 2025|Revenue: $479.09M+26.5%|EPS: $-0.11+10.0%MissForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Feb 20, 2025|Revenue: $1.67B+28.8%|EPS: $-0.23+58.2%MissForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Nov 7, 2024|Revenue: $430.08M+28.2%|EPS: $-0.04-36.3%MissForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Aug 1, 2024|Revenue: $401.00M+30.0%|EPS: $-0.04-84.2%MissForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: May 2, 2024|Revenue: $378.60M+30.5%|EPS: $-0.10-16.7%MissForm 10-K - FY 2023
Period End: Dec 31, 2023|Filed: Feb 21, 2024|Revenue: $1.30B+33.0%|EPS: $-0.55+6.8%Miss