Stocks Technology NET
NYSE · TechnologyCloudflare, Inc. (NET)
Cloudflare, Inc. brought in $2.7B of revenue over the twelve months to September 30, 2026, up 35.7% from a year earlier. It posted a net loss of $239.1M. Operating cash flow minus capital spending left $287.5M of free cash flow in fiscal 2025. At September 30, 2026 it held $2B in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 5, 2026.
Key facts about Cloudflare, Inc.
- Net worth
- Cloudflare, Inc. has a market value (market cap) of $108.9B at the latest share price, and shareholders' equity of $1.5B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $2.2B (+29.8% year on year), with a net loss of $102.3M. Over the 12 months to September 30, 2026: revenue $2.7B, net loss $239.1M.
- Cash flow
- In fiscal 2025 operations brought in $603.1M of cash; after $315.6M of capital spending, free cash flow was $287.5M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 5, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Cloudflare, Inc.'s next report is expected around February 9, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What Cloudflare, Inc. does
Cloudflare provides cloud networking, cybersecurity, and content delivery services. It operates a global network that sits between website visitors and customer servers to protect web applications from cyberattacks, speed up website loading times, and provide DNS routing, serverless computing, and corporate network security. Its shares trade on NYSE under the ticker NET.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $2.2B | -$102.3M | -$0.29 | $287.5M |
| 2024 | $1.7B | -$78.8M | -$0.23 | $195.4M |
| 2023 | $1.3B | -$183.9M | -$0.55 | $140M |
| 2022 | $975.2M | -$193.4M | -$0.59 | -$20M |
| 2021 | $656.4M | -$260.3M | -$0.83 | -$28.3M |
| 2020 | $431.1M | -$119.4M | -$0.40 | -$73.5M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where NET ranks in Technology
Latest SEC filings
What Cloudflare, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 5, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 39% to $782.5M versus the same quarter last year; diluted EPS -$0.10 versus $0.00.
- November 5, 2026
- August 13, 2026
- August 6, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 36% to $696.1M versus the same quarter last year; diluted EPS -$0.48 versus -$0.15.
- August 6, 2026
- July 24, 2026Passive stake changed SCHEDULE 13G/A
- July 1, 2026
- June 30, 2026
- June 25, 2026Additional proxy material DEFA14A
- June 9, 2026
What is NET worth? A DCF from its reported cash flow
Insider trades
What the people running Cloudflare, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $109.6M worth of shares in the last 90 days and bought none on the open market. All of the selling was pre-planned under Rule 10b5-1 trading plans.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 19, 2026 | Ledbetter CarlDirector | Soldpre-planned (10b5-1), indirect | 1,931 | $586.3K |
| October 19, 2026 | Ledbetter CarlDirector | Soldpre-planned (10b5-1), indirect | 1,963 | $597.7K |
| October 19, 2026 | Ledbetter CarlDirector | Soldpre-planned (10b5-1), indirect | 1,106 | $338K |
| October 19, 2026 | Seifert Thomas JChief Financial Officer | Exercised options | 12,500 | $559K |
| October 19, 2026 | Seifert Thomas JChief Financial Officer | Soldpre-planned (10b5-1) | 1,100 | $327K |
| October 19, 2026 | Seifert Thomas JChief Financial Officer | Soldpre-planned (10b5-1) | 3,401 | $1M |
| October 19, 2026 | Seifert Thomas JChief Financial Officer | Soldpre-planned (10b5-1) | 3,756 | $1.1M |
| October 19, 2026 | Seifert Thomas JChief Financial Officer | Soldpre-planned (10b5-1) | 2,643 | $793.9K |
Who owns NET
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Matthew Prince13G, passive | 7.7% | February 13, 2026 |
| Capital World Investors13G, passive | 7.3% | May 14, 2026 |
| Vanguard Capital Management13G, passive | 5.19% | April 29, 2026 |
| Vanguard Portfolio Management13G, passive | 5.07% | April 29, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 1,221 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Capital World Investors | 24,325,692 | +1,590,123 |
| BlackRock, Inc. | 21,598,907 | +504,625 |
| Vanguard Portfolio Management LLC | 16,819,726 | +779,837 |
| Morgan Stanley | 15,258,327 | -624,994 |
| Baillie Gifford & Co | 14,598,594 | -1,325,829 |
| Vanguard Capital Management LLC | 14,430,365 | +714,169 |
| Fmr LLC | 12,655,471 | -904,980 |
| Capital International Investors | 10,981,005 | +87,840 |
| State Street Corp | 7,420,765 | +242,046 |
| Geode Capital Management, LLC | 5,963,905 | -29,524 |
| Jennison Associates LLC | 5,419,068 | +1,024,584 |
| Jpmorgan Chase & Co | 5,269,562 | -633,183 |
| American Century Companies Inc | 4,286,156 | +658,901 |
| Wellington Management Group Llp | 4,048,753 | +37,923 |
| First Trust Advisors LP | 3,756,643 | -17,383 |
| Franklin Resources Inc | 3,729,976 | +379,201 |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | 3,677,783 | -824,979 |
| Norges Bank | 3,596,888 | new |
| Sands Capital Management, LLC | 3,239,504 | -422,245 |
| Invesco Ltd. | 3,103,792 | -9,733 |
Insiders
13 insiders reported holding 2,503,079 shares in total, about $765.4M at the last price.
| Holder | Shares |
|---|---|
| Ledbetter CarlDirector | 888,514868,073 held indirectly |
| Graham-Cumming JohnDirector | 494,909 |
| Zatlyn MichellePresident and Board Co-Chair, Director | 385,07569,775 held indirectly |
| Prince MatthewCEO & Board Co-Chair, Director, 10% owner | 315,300 |
| Starzak Alissa MichelleChief Legal Officer | 112,082 |
| Seifert Thomas JChief Financial Officer | 104,958 |
| Kramer Douglas JamesChief Legal Officer | 88,649 |
| Riley JanelChief Accounting Officer | 41,547 |
| Suder KatrinDirector | 38,272 |
| Sandell Scott DDirector | 11,378 |
Questions about NET
What does Cloudflare, Inc. do?
Cloudflare provides cloud networking, cybersecurity, and content delivery services. It operates a global network that sits between website visitors and customer servers to protect web applications from cyberattacks, speed up website loading times, and provide DNS routing, serverless computing, and corporate network security. Its shares trade on NYSE under the ticker NET.
What is Cloudflare, Inc.'s net worth?
Cloudflare, Inc. has a market value (market cap) of $108.9B at the latest share price, and shareholders' equity of $1.5B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Cloudflare, Inc. profitable?
No. Over the twelve months to September 30, 2026 it reported a net loss of $239.1M on revenue of $2.7B.
How much revenue does Cloudflare, Inc. make?
Over the twelve months to September 30, 2026 Cloudflare, Inc. reported revenue of $2.7B. That is 35.7% more than a year earlier.
When did Cloudflare, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 5, 2026. It covers the period to September 30, 2026.
When is Cloudflare, Inc.'s next earnings report?
Cloudflare, Inc.'s next report is expected around February 9, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Similar companies
Compare NET with
Follow NET
Get an email when Cloudflare, Inc. files with the SEC: results, executive changes, material agreements and annual reports.
Where the numbers come from
Financial figures are the values Cloudflare, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.