Cloudflare, Inc. — NET

Close PriceMarket CapP/E RatioForward P/E RatioImplied Growth*Implied Forward Growth*DividendP/B Ratio
$190.13$66.92B-131.9N/A33.7%-45.8

Latest Headlines

Revenue & Net Income

Revenue & Net Income
Date Revenue Net_Income EPS Last_Updated Revenue_Change Net_Income_Change EPS_Change
0 2020-12-31 $431M $-119M $-0.40 2024-02-08 22:12:17 N/A N/A N/A
1 2021-12-31 $656M $-260M $-0.59 2026-03-06 08:35:16 52.3% 118.1% 47.5%
2 2022-12-31 $975M $-193M $-0.59 2026-04-15 21:57:45 48.6% -25.7% 0.0%
3 2023-12-31 $1,297M $-184M $-0.55 2026-04-15 21:57:45 33.0% -4.9% -6.8%
4 2024-12-31 $1,670M $-79M $-0.23 2026-04-15 21:57:45 28.8% -57.2% -58.2%
5 2025-12-31 $2,168M $-102M $-0.29 2026-04-15 21:57:45 29.8% 29.8% 26.1%
6 TTM 2025-12-31 $2,168M $-102M $-0.29 2026-02-12 08:44:05 0.0% 0.0% 0.0%

EPS

EPS

Forecasts

Revenue/Net Income Forecast EPS Forecast

Y/Y % Change

Revenue YoY Change EPS YoY Change
YoY Growth Rates

NET Year-over-Year Growth

  2020 2021 2022 2023 2024 2025 2026 2027 Average
Revenue Growth (%) 52.3% 48.6% 33.0% 28.8% 29.8% 29.2% 27.5% 35.6%
Revenue Analysts (#) 0 0 0 0 0 0 9 9
EPS Growth (%) 118.1% -25.7% -4.9% -57.2% 29.8% -488.9% 26.5% -57.5%
EPS Analysts (#) 0 0 0 0 0 0 8 8

Expenses

Revenue vs Expenses
Year Revenue ($) Cost of Revenue ($) R&D ($) Sales & Marketing ($) G&A ($) SG&A ($) Facilities / D&A ($)
2022 $975.2M $130.3M $298.3M $465.8M $179.8M $645.5M $102.3M
2023 $1.3B $171.2M $358.1M $599.1M $218.0M $817.1M $135.8M
2024 $1.7B $251.0M $421.4M $745.8M $278.5M $1.0B $127.7M
2025 $2.2B $362.8M $512.5M $920.8M $389.3M $1.3B $189.7M
TTM $2.2B $362.8M $512.5M $920.8M $389.3M $1.3B $189.7M
Expenses % of Revenue
Year Revenue Change (%) Cost of Revenue Change (%) R&D Change (%) Sales & Marketing Change (%) G&A Change (%) SG&A Change (%) Facilities / D&A Change (%)
2023 32.97 31.40 20.06 28.63 21.25 26.58 32.72
2024 28.76 46.61 17.66 24.48 27.78 25.36 -5.96
2025 29.85 44.55 21.62 23.47 39.78 27.90 48.56
TTM 0.00 0.00 0.00 0.00 0.00 0.00 0.00
No unmapped expenses.

Balance Sheet

Balance Sheet
  Metric Value
0 Total Assets $5,786M
1 Cash $1,053M
2 Total Liabilities $4,439M
3 Total Debt $3,502M
4 Total Equity $1,347M
5 Debt to Equity Ratio 2.60

EPS & Dividend

EPS & Dividend

Valuation

Valuation
Share Price Treasury Yield Estimates Fair Value (P/E) Fair Value (P/S) Current P/S Current P/E
$190.13 4.3% Nicks Growth: 20%
Nick's Expected Margin: 20%
FINVIZ Growth: 26%
Nicks: 43
Finviz: 72
Nick's: 8.611 30.9 -
Basis Year Nicks Valuation Nicks vs Share Price Finviz Valuation Finviz vs Share Price
$6.16 Revenue TTM $53.04 -72.1% $88.36 -53.5%
$1.13 EPS 2026 $48.65 -74.4% $81.05 -57.4%
$1.43 EPS 2027 $61.57 -67.6% $102.57 -46.1%

Implied Growth

Implied Growth
Average Median Std Dev Current Percentile
TTM Forward TTM Forward TTM Forward TTM Forward TTM Forward
Timeframe
1 Year 39.10% 40.82% 3.47% 32.88% 5.2%
3 Years 39.10% 40.82% 3.47% 32.88% 5.2%
5 Years 39.10% 40.82% 3.47% 32.88% 5.2%
10 Years 39.10% 40.82% 3.47% 32.88% 5.2%

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