Cloudflare, Inc. (NET) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 7, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NET SEC filings page.
Cloudflare, Inc. (NET) reported $2.5B in revenue over the twelve months to Jun 30, 2026, up 33.5% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Cloudflare is scaling revenue and cash generation, but cost growth still keeps operating losses intact while financing reshapes the balance sheet.
Cash generation has improved faster than reported earnings: operating cash flow rose from$254M in FY2023 to$603M in FY2025 while net income remained negative. FY2025 free cash flow of$287M , after$316M of capital expenditures, shows that non-cash and working-capital effects currently make the cash profile stronger than the income statement.
Growth is not yet producing operating leverage. Gross margin slipped to
The balance sheet expanded alongside external financing. Total assets rose from
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Cloudflare, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Cloudflare, Inc. has an operating margin of -9.6%, meaning the company loses $10 on every $100 of revenue. This results in a profitability score of 33/100. This is down from -9.3% the prior year.
Cloudflare, Inc.'s revenue surged 29.8% year-over-year to $2.2B, reflecting rapid business expansion. This strong growth earns a score of 89/100.
Cloudflare, Inc. has elevated debt relative to equity (D/E of 3.14), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 20/100, reflecting increased financial risk.
Cloudflare, Inc.'s current ratio of 1.98 indicates adequate short-term liquidity, earning a score of 58/100. The company can meet its near-term obligations, though with limited headroom.
Cloudflare, Inc. converts 13.3% of revenue into free cash flow ($287.5M). This strong cash generation earns a score of 72/100.
Cloudflare, Inc. posts a -7.0% return on equity (ROE), meaning it loses $7 for every $100 of shareholders' equity. This results in a returns score of 39/100. This is up from -7.5% the prior year.
Cloudflare, Inc. scores 16.43, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($122.1B) relative to total liabilities ($4.6B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Cloudflare, Inc. passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
Cloudflare, Inc. reported a net loss of $102.3M while generating $603.1M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Cloudflare, Inc. reported an operating loss of $207.2M against $8.8M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Cloudflare, Inc. generated $696.1M in revenue in Q2 2026. This represents an increase of 35.9% from the same quarter a year earlier. Against the prior quarter it is up 8.8%.
Cloudflare, Inc.'s EBITDA was -$146.8M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 525.6% from the same quarter a year earlier. Against the prior quarter it is down 3411.9%.
Cloudflare, Inc. reported -$170.0M in net income in Q2 2026. This represents a decrease of 237.0% from the same quarter a year earlier. Against the prior quarter it is down 641.4%.
Cloudflare, Inc. earned -$0.48 per diluted share (EPS) in Q2 2026. This represents a decrease of 220.0% from the same quarter a year earlier. Against the prior quarter it is down 585.7%.
Cash & Balance Sheet
Cloudflare, Inc. generated $67.6M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 69.4% from the same quarter a year earlier. Against the prior quarter it is down 27.4%.
Cloudflare, Inc. held $1.7B in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
Cloudflare, Inc.'s gross margin was 71.8% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 3.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.6 percentage points.
Cloudflare, Inc.'s operating margin was -29.5% in Q2 2026, reflecting core business profitability. This is down 16.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 19.9 percentage points.
Cloudflare, Inc.'s net profit margin was -24.4% in Q2 2026, showing the share of revenue converted to profit. This is down 14.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 20.8 percentage points.
Cloudflare, Inc.'s ROE was -10.5% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 6.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 9.0 percentage points.
Capital Allocation
Cloudflare, Inc. invested $159.5M in research and development in Q2 2026. This represents an increase of 18.5% from the same quarter a year earlier. Against the prior quarter it is up 5.6%.
Cloudflare, Inc. invested $50.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 16.6% from the same quarter a year earlier. Against the prior quarter it is down 23.4%.
Not reported for Q2 2026.
NET Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $696.1M+35.9% | $639.8M+33.5% | $614.5M+33.6% | $562.0M+30.7% | $512.3M+27.8% | $479.1M+26.5% | $459.9M+26.9% | $430.1M+28.2% |
| Cost of Revenue | $196.5M+52.7% | $184.2M+59.3% | $162.0M+49.0% | $146.3M+52.5% | $128.7M+44.6% | $115.6M+35.9% | $108.7M+30.5% | $96.0M+22.9% |
| Gross Profit | $499.5M+30.2% | $455.6M+25.3% | $452.6M+28.8% | $415.7M+24.4% | $383.6M+23.0% | $363.5M+23.8% | $351.3M+25.8% | $334.1M+29.7% |
| R&D Expenses | $159.5M+18.5% | $151.0M+31.2% | $141.9M+18.0% | $121.0M+9.1% | $134.6M+31.2% | $115.1M+31.2% | $120.2M+24.7% | $110.9M+22.4% |
| SG&A Expenses | $118.9M+22.6% | $95.0M+8.4% | $108.8M+47.4% | $95.9M+39.4% | $97.0M+39.3% | $87.7M+32.2% | $73.8M+22.2% | $68.8M+22.9% |
| Operating Income | -$205.7M-205.8% | -$62.0M-16.4% | -$49.2M-41.8% | -$37.5M-21.6% | -$67.3M-93.9% | -$53.2M+2.4% | -$34.7M+18.9% | -$30.8M+21.5% |
| EBITDA | -$146.8M-525.6% | -$4.2M+62.1% | $7.1M+65.5% | $9.9M+2112.1% | -$23.5M-266.7% | -$11.0M+54.8% | $4.3M+175.0% | -$494K+90.7% |
| Interest Expense | $3.1M+102.7% | $2.6M+77.6% | $2.9M+99.8% | $2.9M+103.2% | $1.5M+25.1% | $1.4M+31.2% | $1.4M+35.2% | $1.4M+25.9% |
| Income Tax | $2.0M-35.4% | $1.5M-10.0% | $1.6M-21.7% | $3.1M+25.1% | $3.2M+175.5% | $1.7M-25.3% | $2.0M-2.4% | $2.5M+100.1% |
| Net Income | -$170.0M-237.0% | -$22.9M+40.4% | -$12.1M+6.0% | -$1.3M+91.6% | -$50.4M-234.6% | -$38.5M-8.2% | -$12.8M+53.9% | -$15.3M+34.9% |
| EPS (Basic) | -$0.48-220.0% | -$0.07+36.4% | -$0.03+25.0% | $0.00+100.0% | -$0.15-275.0% | -$0.11-10.0% | -$0.04+50.0% | -$0.04+42.9% |
| EPS (Diluted) | -$0.48-220.0% | -$0.07+36.4% | -$0.03+25.0% | $0.00+100.0% | -$0.15-275.0% | -$0.11-10.0% | -$0.04+50.0% | -$0.04+42.9% |
| Diluted Shares (Avg) | 354M+2.0% | 353M+2.0% | N/A | 349M+2.0% | 347M+2.0% | 346M+2.1% | N/A | 342M+2.3% |
NET Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $6.5B+16.4% | $6.2B+65.6% | $6.0B+82.9% | $5.8B+88.9% | $5.6B+90.7% | $3.7B+32.8% | $3.3B+19.6% | $3.1B+18.3% |
| Current Assets | $4.8B+8.5% | $4.7B+79.7% | $4.6B+104.7% | $4.5B+109.7% | $4.4B+110.5% | $2.6B+30.2% | $2.3B+14.4% | $2.2B+16.5% |
| Cash & Equivalents | $1.7B+9.6% | $932.2M+355.9% | $943.5M+538.9% | $1.1B+475.6% | $1.5B+867.5% | $204.5M-19.6% | $147.7M+70.0% | $182.9M+94.3% |
| Short-Term Investments | $2.5B+2.4% | $3.2B+88.9% | $3.2B+84.9% | $3.0B+82.3% | $2.4B+52.5% | $1.7B+17.0% | $1.7B+7.6% | $1.6B+10.9% |
| Accounts Receivable | $422.9M+37.5% | $379.6M+32.6% | $382.5M+20.8% | $351.9M+39.1% | $307.5M+22.9% | $286.3M+34.3% | $316.8M+27.6% | $252.9M+26.8% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $376.2M+107.7% | $233.5M+28.9% | $226.6M+25.1% | $181.1M+15.2% | $181.1M+16.0% | $181.1M+22.3% | $181.1M+22.3% | $157.2M+6.2% |
| Total Liabilities | $4.9B+12.3% | $4.6B+102.0% | $4.6B+103.0% | $4.4B+112.4% | $4.3B+112.4% | $2.3B+14.5% | $2.3B+12.9% | $2.1B+10.5% |
| Current Liabilities | $2.6B+206.4% | $2.4B+193.6% | $2.4B+196.2% | $2.2B+246.5% | $857.6M+43.9% | $821.0M+43.0% | $793.7M+40.0% | $641.6M+34.3% |
| Non-Current Liabilities | $2.2B-35.8% | $2.2B+51.0% | $2.2B+52.4% | $2.2B+53.0% | $3.5B+140.8% | $1.5B+3.1% | $1.5B+2.2% | $1.4B+2.5% |
| Total Equity | $1.6B+30.7% | $1.5B+7.1% | $1.5B+39.5% | $1.3B+38.4% | $1.2B+40.6% | $1.4B+78.9% | $1.0B+37.1% | $973.1M+39.2% |
| Retained Earnings | -$1.4B-17.3% | -$1.2B-7.6% | -$1.2B-9.3% | -$1.2B-9.5% | -$1.2B-10.9% | -$1.1B-7.7% | -$1.1B-7.7% | -$1.1B-9.4% |
Not reported in any period shown, so not listed: Inventory, Long-Term Debt.
NET Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $117.6M+17.8% | $158.3M+8.6% | $190.4M+49.6% | $167.1M+59.6% | $99.8M+33.4% | $145.8M+98.1% | $127.3M+49.0% | $104.7M+53.8% |
| Depreciation & Amortization | $58.9M+34.5% | $57.8M+37.0% | $52.6M+45.1% | $47.4M+56.4% | $43.8M+54.8% | $42.2M+40.2% | $36.2M+0.2% | $30.3M-10.6% |
| Stock-Based Compensation | $159.9M+30.6% | $114.2M+19.6% | N/A | $109.9M+24.5% | $122.4M+42.3% | $95.5M+37.0% | N/A | $88.3M+19.6% |
| Capital Expenditures | $50.0M-16.6% | $65.2M-24.1% | $85.2M+16.5% | $84.6M+68.6% | $59.9M+102.2% | $85.9M+167.9% | $73.2M+137.4% | $50.2M+84.0% |
| Free Cash Flow | $67.6M+69.4% | $93.1M+55.4% | $105.2M+94.3% | $82.5M+51.3% | $39.9M-11.7% | $59.9M+44.2% | $54.2M-0.9% | $54.5M+33.6% |
| Investing Cash Flow | $608.2M+176.7% | -$158.8M-71.8% | -$291.7M-74.6% | -$629.5M-724.0% | -$793.0M-331.6% | -$92.4M-195.3% | -$167.0M-64.3% | -$76.4M+23.8% |
| Financing Cash Flow | $5.8M-99.7% | -$9.5M-368.8% | -$3.8M-147.6% | -$3.6M-48.0% | $2.0B+28005.9% | $3.5M+16671.4% | $8.0M-18.0% | -$2.4M+93.0% |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | $0 | $0 |
Not reported in any period shown, so not listed: Dividends Paid.
NET Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 71.8%-3.1pp | 71.2%-4.7pp | 73.6%-2.7pp | 74.0%-3.7pp | 74.9%-2.9pp | 75.9%-1.7pp | 76.4%-0.6pp | 77.7%+1.0pp |
| Operating Margin | -29.5%-16.4pp | -9.7%+1.4pp | -8.0%-0.5pp | -6.7%+0.5pp | -13.1%-4.5pp | -11.1%+3.3pp | -7.5%+4.3pp | -7.2%+4.5pp |
| Net Margin | -24.4%-14.6pp | -3.6%+4.5pp | -2.0%+0.8pp | -0.2%+3.3pp | -9.8%-6.1pp | -8.0%+1.4pp | -2.8%+4.9pp | -3.6%+3.4pp |
| Return on Equity | -10.5%-6.4pp | -1.5%+1.2pp | -0.8%+0.4pp | -0.1%+1.5pp | -4.1%-2.4pp | -2.7%+1.8pp | -1.2%+2.4pp | -1.6%+1.8pp |
| Return on Assets | -2.6%-1.7pp | -0.4%+0.7pp | -0.2%+0.2pp | 0.0%+0.5pp | -0.9%-0.4pp | -1.0%+0.2pp | -0.4%+0.6pp | -0.5%+0.4pp |
| Current Ratio | 1.82-3.3x | 1.96-1.2x | 1.98-0.9x | 2.04-1.3x | 5.14+1.6x | 3.20-0.3x | 2.86-0.6x | 3.37-0.5x |
| Debt-to-Equity | 3.00-0.5x | 3.04+1.4x | 3.14+1.0x | 3.30+1.1x | 3.49+1.2x | 1.61-0.9x | 2.16-0.5x | 2.15-0.6x |
| Asset Turnover | 0.110.0x | 0.100.0x | 0.100.0x | 0.100.0x | 0.090.0x | 0.130.0x | 0.140.0x | 0.140.0x |
| FCF Margin | 9.7%+1.9pp | 14.5%+2.0pp | 17.1%+5.3pp | 14.7%+2.0pp | 7.8%-3.5pp | 12.5%+1.5pp | 11.8%-3.3pp | 12.7%+0.5pp |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Cloudflare, Inc. NET | FY2025 | $2.2B | -$102.3M | -4.7% | $122.1B | 52/100 |
| Synopsys Inc SNPS | FY2025 | $7.1B | $1.3B | 18.9% | $96.8B | 57/100 |
| Fortinet, Inc. FTNT | FY2025 | $6.8B | $1.9B | 27.3% | $140.3B | 78/100 |
| CrowdStrike Holdings CRWD | FY2026 | $4.8B | -$161.2M | -3.4% | $285.5B | 63/100 |
| Zscaler, Inc. ZS | FY2026 | $3.4B | -$63.2M | -1.9% | $34.6B | 53/100 |
| Palo Alto Networks, Inc. PANW | FY2026 | $11.5B | $307.0M | 2.7% | $343.5B | 57/100 |
Where Cloudflare, Inc. Ranks
Frequently Asked Questions
What is Cloudflare, Inc.'s annual revenue?
Cloudflare, Inc. (NET) reported $2.2B in total revenue for fiscal year 2025. This represents a 29.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Cloudflare, Inc.'s revenue growing?
Cloudflare, Inc. (NET) revenue grew by 29.8% year-over-year, from $1.7B to $2.2B in fiscal year 2025.
Is Cloudflare, Inc. profitable?
No, Cloudflare, Inc. (NET) reported a net income of -$102.3M in fiscal year 2025, with a net profit margin of -4.7%.
What is Cloudflare, Inc.'s EBITDA?
Cloudflare, Inc. (NET) had EBITDA of -$17.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Cloudflare, Inc.'s gross margin?
Cloudflare, Inc. (NET) had a gross margin of 74.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Cloudflare, Inc.'s operating margin?
Cloudflare, Inc. (NET) had an operating margin of -9.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Cloudflare, Inc.'s net profit margin?
Cloudflare, Inc. (NET) had a net profit margin of -4.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Cloudflare, Inc.'s return on equity (ROE)?
Cloudflare, Inc. (NET) has a return on equity of -7.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Cloudflare, Inc.'s free cash flow?
Cloudflare, Inc. (NET) generated $287.5M in free cash flow during fiscal year 2025. This represents a 47.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Cloudflare, Inc.'s operating cash flow?
Cloudflare, Inc. (NET) generated $603.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Cloudflare, Inc.'s total assets?
Cloudflare, Inc. (NET) had $6.0B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Cloudflare, Inc.'s capital expenditures?
Cloudflare, Inc. (NET) invested $315.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Cloudflare, Inc. spend on research and development?
Cloudflare, Inc. (NET) invested $512.5M in research and development during fiscal year 2025.
What is Cloudflare, Inc.'s current ratio?
Cloudflare, Inc. (NET) had a current ratio of 1.98 as of fiscal year 2025, which is generally considered healthy.
What is Cloudflare, Inc.'s debt-to-equity ratio?
Cloudflare, Inc. (NET) had a debt-to-equity ratio of 3.14 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Cloudflare, Inc.'s return on assets (ROA)?
Cloudflare, Inc. (NET) had a return on assets of -1.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Cloudflare, Inc.'s P/E ratio?
Cloudflare, Inc. (NET) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $122.1B as of Oct 7, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Cloudflare, Inc.'s price-to-sales ratio?
Cloudflare, Inc. (NET) trades at 48.6x sales, its market capitalization divided by revenue of $2.5B revenue, trailing 12 months to June 30, 2026. The market capitalization is $122.1B as of Oct 7, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Cloudflare, Inc.'s Altman Z-Score?
Cloudflare, Inc. (NET) has an Altman Z-Score of 16.43, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Cloudflare, Inc.'s Piotroski F-Score?
Cloudflare, Inc. (NET) has a Piotroski F-Score of 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Cloudflare, Inc.'s earnings high quality?
Cloudflare, Inc. (NET) reported a net loss of $102.3M while generating $603.1M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Cloudflare, Inc. cover its interest payments?
Cloudflare, Inc. (NET) reported an operating loss of $207.2M against $8.8M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Cloudflare, Inc.?
Cloudflare, Inc. (NET) scores 52 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.