MARKETS / NYSE / NET
NYSE · SERVICES-PREPACKAGED SOFTWARE · LARGE CAP

Cloudflare, Inc. NET

9 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$2.2B
▲ 29.8% vs FY2024
EPS · FY25
Dividend / sh · FY25
Payout · FY25
ROE · FY25
-8.2%
Net margin · FY25
-4.7%
Dividend coverage
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Result
USD 2.2B
Revenue, FY2025 · full 9-year series below
Revenue Net income
0.81.62.42.2-0.12017202020232025
0.81.62.42.2-0.12017202020232025

The company lost 5 cents on every revenue dollar this year.

Per share
Diluted EPS, FY2025
EPS
0.40.81.22017202020232025
0.40.81.22017202020232025

The company pays no cash dividend.

Profitability
-8.2%
Return on equity, FY2025
ROE
0.250.50.751-8.2%2017202020232025
0.250.50.751-8.2%2017202020232025
Operating margin-9.6%
Net margin-4.7%
Return on assets-2.2%

Each USD of equity lost 8 cents this year.

Returned to shareholders
returned in FY2025 · dividends + net buybacks
Dividends paid
Net buybacksUSD -25.4M
Share of profit-0.0%
Consecutive raises

Growth
+38.1% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+30.5%
+38.1%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
Shares outstanding, FY2025
Change, 5 years
Change, 10 years

A share split breaks the comparison across the period, so we leave it out.

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Balance sheet
USD 6.0B
total assets, end of FY2025
Total assetsUSD 6.0B
EquityUSD 1.5B
CashUSD 943.5M
Current ratio1.98×

Equity funds 24% of total assets.

History
9 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
Revenue $B
2.2
1.7
1.3
1.0
0.7
0.4
0.3
0.2
0.1
Operating income $B
−0.2
−0.2
−0.2
−0.2
−0.1
−0.1
−0.1
−0.1
−0.0
EBITDA $B
−0.0
−0.0
−0.0
−0.1
−0.1
−0.1
−0.1
−0.1
0.0
Income tax $B
0.0
0.0
0.0
0.0
0.0
−0.0
0.0
0.0
0.0
Net income $B
−0.1
−0.1
−0.2
−0.2
−0.3
−0.1
−0.1
−0.1
−0.0
EPS, diluted $
·
·
·
·
·
·
·
·
·
Dividend / sh $
·
·
·
·
·
·
·
·
·
Payout %
·
·
·
·
·
·
·
·
·
ROE %
−8.2
−8.7
−26.5
−26.9
−32.0
−15.5
−34.6
·
·
Shares out B
·
·
·
·
·
·
·
·
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
34 of 34
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed