profit from every $100 of sales.
$0$100
Cloudflare
$318.50+1.11% today
+41.1% in 1 year
1-year low $160.191-year high $360.93
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2020 to 2025.
0%20% a year
It has no yearly profit to compare the price with.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Cloudflare sold, what it kept, and what it did with the cash.
Sales went from $975 million in 2022 to $2.17 billion in 2025, with -$102 million of profit last year.
SalesProfit
Cloudflare vs. similar companies
How it compares with the largest companies in its industry.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Cloudflare | No profit yet | ||
 Microsoft | 29.0× · Fair price | ||
 Palantir Technologies | 254.4× · Very expensive | ||
 Oracle | 23.2× · Fair price | ||
 Palo Alto Networks | 232.9× · Very expensive |
Compare Cloudflare with Apple · Adobe · Applied Materials · Arista Networks · Broadcom · Cadence Design Systems · Fortinet · KLA
AI analysis
An AI analyst reads Cloudflare's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 431 | 656 | 975 | 1,297 | 1,670 | 2,168 | |
| 330 | 509 | 743 | 990 | 1,291 | 1,615 | |
| -107 | -128 | -201 | -185 | -155 | -207 | |
| -51 | -132 | -83 | -36 | 62 | 106 | |
| -119 | -260 | -193 | -184 | -79 | -102 | |
| -0.40 | -0.83 | -0.59 | -0.55 | -0.23 | -0.29 | |
| 76.6% | 77.6% | 76.1% | 76.3% | 77.3% | 74.5% | |
| -24.8% | -19.5% | -20.6% | -14.3% | -9.3% | -9.6% | |
| -27.7% | -39.7% | -19.8% | -14.2% | -4.7% | -4.7% |
Balance sheet
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | 1,381 | 2,372 | 2,588 | 2,760 | 3,301 | 6,036 |
| Cash | 109 | 314 | 204 | 87 | 148 | 944 |
| Total debt | – | – | 1,577 | 1,435 | 1,463 | 3,518 |
| Total liabilities | 564 | 1,556 | 1,964 | 1,997 | 2,255 | 4,577 |
| 817 | 811 | 624 | 763 | 1,046 | 1,459 | |
| 300 | 312 | 326 | 334 | 341 | 348 | |
| -9.7% | -19.4% | -6.7% | -6.2% | -2.1% | -1.3% | |
| -14.6% | -32.1% | -31.0% | -24.1% | -7.5% | -7.0% |
Cash flow
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| -17 | 65 | 124 | 254 | 380 | 603 | |
| – | – | 163 | 135 | 214 | 343 | |
| – | – | -40 | 119 | 167 | 261 | |
| Dividends paid | – | – | – | – | – | – |
| 0 | 0 | 0 | 0 | 0 | 0 | |
| 56 | 90 | 203 | 274 | 338 | 451 |
Valuation
- –
- 283.6×
- –
- 59.7×
- 52.7×
- 438.1×
- 1,103.2×
- 0.2%
- -0.1%
- 0.0%
Profitability
- 74.5%
- -9.6%
- -4.7%
- 5.9%
- -1.4%
- -4.2%
- -6.2%
- -1.4%
- -5.8%
- 23.5%
Growth
- +38.1%
- –
- +66.0%
- –
- +2.2%
Financial health
- 24.3×
- 2.41
- 57.2%
- -9.6×
- 1.98
- 1.96
- 0.38
How it ranks in Technology
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 18%of 969
Bottom 11%of 976
Top 9%of 978
Bottom 27%of 983
What analysts expect
- Average price target
- $216.43
- Range
- $140.00 – $260.00
- 12 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 7, 2026 | 0.25 | 0.23 | +8.4% |
| Feb 10, 2026 | 0.28 | 0.27 | +3.2% |
| Oct 30, 2025 | 0.27 | 0.23 | +17.3% |
| Jul 31, 2025 | 0.21 | 0.18 | +14.5% |
| May 8, 2025 | 0.16 | 0.16 | −2.3% |
| Feb 6, 2025 | 0.19 | 0.18 | +5.6% |
| Nov 7, 2024 | 0.20 | 0.18 | +11.5% |
| Aug 1, 2024 | 0.20 | 0.14 | +42.0% |
News
Spectrum Brands sees fiscal 2027 net sales flat to up low single digits as it plans to offset $80M inflation headwindsSeeking Alpha · Nov 12, 2026Broadwind targets net leverage below 2.0x following MCM acquisitionSeeking Alpha · Nov 12, 2026Aebi Schmidt expects $1.95B-$2.0B 2026 net sales and $170M-$180M adjusted EBITDA while targeting leverage below 2.5xSeeking Alpha · Nov 11, 2026T. Rowe Price AUM dips 1.6% on net outflows and market depreciationSeeking Alpha · Nov 11, 2026WisdomTree reports $1.6B in October net inflows, YTD inflows top $15.2BSeeking Alpha · Nov 11, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
20No pass
Benjamin Graham
18No pass
Philip Fisher
44No pass
Peter Lynch
51No pass
Joel Greenblatt
2No pass
Charlie Munger
22No pass
Terry Smith
26No pass
Questions about Cloudflare
Is Cloudflare a good stock to buy?
A business with weak numbers that is not profitable yet. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Cloudflare AI analysis
What does Cloudflare do?
Cloudflare, Inc. operates as a cloud services provider that delivers a range of services to businesses worldwide. It is in Software - Infrastructure, based in San Francisco, CA, United States, with 5,483 employees.
Does Cloudflare pay a dividend?
No. Cloudflare does not pay a dividend at the moment.
Is Cloudflare stock halal?
No. Cloudflare does not pass our halal screen: interest on its cash and investments is about 6.05% of its revenue. How we check
How has Cloudflare stock done over the past year?
Up 41.1% over the past twelve months, to $318.50. It traded between $160.19 and $360.93 and is 11.8% below its high.
Who are Cloudflare's competitors?
The largest listed companies in the same industry are Microsoft, Palantir Technologies, Oracle and Palo Alto Networks. The peers table on this page compares their profit, growth and price with Cloudflare's.
Prices: daily closes to Nov 12, 2026. Fundamentals: company reports via invest-like data.