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Cloudflare, Inc. USD

Update

Provides a cloud connectivity, security, and content-delivery (CDN) platform.

Sector: United States — large cap (SEC filings)

US_NET

Price chart

235.71 USDDay 3.16%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
235.71 USD · 3.16%
Market cap
82.1 bn USD

Growth

Δ revenue y/y
33.5%
Δ EBITDA y/y

Multiples

P/E (LTM)
P/B (FY)
P/E (ann.)
<0
EV/EBITDA (LTM)
EV/EBITDA (ann.)
<0

Cash return

Dividend yield
FCF yield (LTM)
0.8%

Value creation

fundamental value/yr, % of market cap
Value created / year

Liquidity

Daily turnover (US listing)
784.2 mln USD

Shares: yahoo_fundamentals_timeseries/NET

🔍 Sanity check — subtotal consistency (Level-1 + Level-2) OK: 0 / Warn: 9 / Err: 4 / Autofix applied: 0
Port of PHP subtotal-total + sign-flip detection logic
PeriodIssues
2023-03-31 Q1Warn 3
2023-06-30 Q2Errors 1Warn 2
2023-09-30 Q3Warn 1
2023-12-31 FYWarn 1
2024-03-31 Q1Errors 1Warn 2
2024-06-30 Q2Warn 1
2024-09-30 Q3Warn 3
2024-12-31 FYWarn 1
2025-03-31 Q1Errors 1Warn 1
2025-06-30 Q2Warn 1
2025-09-30 Q3Errors 1Warn 2
2025-12-31 FYWarn 2
2026-03-31 Q1Warn 1
All checks pass · Has warnings (review) · Has errors (needs fix) · ✓* Autofix applied (see evidence)

Financial dynamics

Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueM USDOperating profitM USDD&AM USDEBITDAM USDNet profitM USDOperating CFM USDCapex + M&AM USDAssetsM USDEquityM USDROE (annualized)Net debtM USDSource
2026-03-31Q1 2026 (3M)OK639.8
y/y 33.5%
-62.0
y/y
57.8
y/y 37.0%
-4.2
y/y
-22.9
y/y
158.3-65.26164.0
y/y 65.6%
1526.7
y/y 7.1%
-6.1%-857.6Link
2025-12-31Q4 2025 (3M)OK614.5
y/y 33.6%
-49.2
y/y -41.8%
52.6
y/y 45.1%
3.4
y/y 119.5%
-12.1
y/y 6.0%
190.4-85.26036.3
y/y 82.9%
1459.1
y/y 39.5%
-7.3%-872.6Link
2025-09-30Q3 2025 (3M)OK562.0
y/y 30.7%
-37.5
y/y
49.5
y/y 56.0%
12.0
y/y 1212.3%
-1.3
y/y
167.1-84.65786.4
y/y 88.9%
1347.0
y/y 38.4%
-0.1%-987.3Link
2025-06-30Q2 2025 (3M)OK512.3
y/y 27.8%
-67.3
y/y
45.5
y/y 53.4%
-21.8
y/y
-50.4
y/y
99.8-59.95562.4
y/y 90.7%
1239.7
y/y 40.6%
-15.1%-1461.8Link
2025-03-31Q1 2025 (3M)OK479.1
y/y 26.5%
-53.2
y/y
42.2
y/y 40.2%
-11.0
y/y
-38.5
y/y
145.8-85.93721.3
y/y 32.8%
1425.9
y/y 78.9%
-12.4%-151.4Link
2024-12-31Q4 2024 (3M)OK459.9
y/y 26.9%
-34.7
y/y 18.9%
36.2
y/y 0.2%
1.5
y/y 123.0%
-12.8
y/y 53.9%
127.3-73.23301.2
y/y 19.6%
1046.2
y/y 37.1%
-7.8%-100.1Link
2024-09-30Q3 2024 (3M)OK430.1
y/y 28.2%
-30.8
y/y
31.7
y/y -8.0%
0.9
y/y
-15.3
y/y
104.7-50.23062.7
y/y 18.3%
973.1
y/y 39.2%
-2.2%-139.9Link
2024-06-30Q2 2024 (3M)OK401.0
y/y 30.0%
-34.7
y/y
29.7
y/y -11.9%
-5.0
y/y
-15.1
y/y
74.8-29.62916.7
y/y 15.1%
881.5
y/y 37.3%
-7.2%-116.2Link
2024-03-31Q1 2024 (3M)OK378.6
y/y 30.5%
-54.5
y/y
30.1
y/y -4.4%
-24.4
y/y
-35.5
y/y
73.6-32.12801.6
y/y 5.0%
797.2
y/y 22.2%
-18.2%-215.1Link
2023-12-31Q4 2023 (3M)OK362.5
y/y
-42.8
y/y
36.2
y/y
-6.6
y/y
-27.9
y/y
85.4-30.82759.8
y/y
763.0
y/y
-25.2%-48.5Link
2023-09-30Q3 2023 (3M)OK335.6
y/y
-39.2
y/y
34.5
y/y
-4.8
y/y
-23.5
y/y
68.1-27.32589.9
y/y
699.3
y/y
-4.7%-59.1Link
2023-06-30Q2 2023 (3M)OK308.5
y/y
-56.2
y/y
33.7
y/y
-22.5
y/y
-94.5
y/y
64.5-38.72533.2
y/y
641.8
y/y
-58.4%-124.0Link
2023-03-31Q1 2023 (3M)OK290.2
y/y
-47.3
y/y
31.5
y/y
-15.8
y/y
-38.1
y/y
36.4-17.52667.6
y/y
652.6
y/y
-221.6Link
Data quality No obvious scale, balance-sheet, or cash-flow sanity issues in the displayed periods.

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

-20002004006002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Year-over-year change

0%50%100%2023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Cash flow

FCF ($ mln)

-800-600-400-20002002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Net debt / cash ($ mln)

-1 500-1 000-50002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Revenue growth & acceleration

Growth steady →
Last-year revenue growth +30% vs +29% the year before — a +1.1 pp move. 3-year CAGR +31%.
revenue growth by year: 2023 +33% · 2024 +29% · 2025 +30%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

Fundamental value creation

Value the company creates per year, as a % of market cap

Value created per year: -0.9%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-03-31 vs 2025-03-31)
= (-4 − -11) × 4.00
27
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (82 126 + -858) ÷ -11
0.0x
3. Target multiple
(Current EV/EBITDA + 12) ÷ 2
= (0.0 + 12) ÷ 2
6.0x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= 706 + 0 + 0 − 13
706
4b. Share dilution (at market, LTM)
Share-count growth over the year × Market cap
= 2.0% × 82 126
−1 640
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (27 × 6.0 + 706 − 1 640) ÷ 82 126
-0.9%

Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.

Caveats:

Dividends

No dividend rows found for this issuer (checked: Yahoo Finance (ex-div)).

Reporting forms detected in loaded periods: (Balance sheet / Profit or loss (P&L) / Cash flows)