Cloudflare, Inc. (NET) stock

NETNYSEServices-Prepackaged SoftwareFiscal year ends December 31

Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 5, 2026Score 9/30294% above fair value

$305.81−12.69 (-3.98%)

Close on Nov 13, 2026Market cap $108.89BP/E –Yield –

Cloudflare statistics

86 measures from SEC filings and the closing price. Hover a name for the formula; the last column is the median of companies in the same industry group.

Important dates

Next earnings: Feb 9, 2027 (estimated, after the close)
Last ex-dividend date: No dividends
Fundamentals through: Sep 30, 2026
Share price as of: Nov 13, 2026

Valuation ratiosIndustry

Market Cap: $108.89B; $792.38M
Enterprise Value: $103.76B; $779.89M
PS Ratio: 39.85; 2.33
PB Ratio: 74.34; 2.73
P/TBV Ratio: 104.62; 4.73
P/FCF Ratio: 302.92; 15.38
P/OCF Ratio: 159.74; 12.99

Enterprise valuationIndustry

EV / Sales: 37.97; 2.10
EV / FCF: 288.65; 15.48

Share statisticsIndustry

Shares Outstanding: 356M; 59M
Shares Change (YoY): 2.07%; 1.88%
Float: 327M; 53M
Shares Held by Insiders: 8.05%; 13.1%
Shares Held by Institutions: 79.9%; 62.6%

Short sellingIndustry

Short Interest: 8M; –
Short Interest Change: -0.39%; -3.30%
Short % of Float: 2.43%; 5.82%
Short % of Shares Outstanding: 2.24%; 4.22%
Days to Cover: 2.28; 3.54

Stock price statisticsIndustry

52-Week High: $370.35; –
52-Week Low: $158.83; –
20-Day Moving Average: $297.63; –
50-Day Moving Average: $320.04; –
200-Day Moving Average: $253.27; –
Average True Range (14): $21.44; –
Price Change (1 Week): 13.8%; 0.50%
Price Change (1 Month): -3.32%; -1.81%
Price Change (3 Months): -0.39%; -4.67%
Price Change (6 Months): 54.8%; 0.47%
Price Change (YTD): 55.1%; -13.6%
Price Change (1 Year): 35.5%; -13.9%
Price Change (3 Years): 333.1%; -16.1%
Price Change (5 Years): 49.4%; -57.0%
Average Volume (10 Days): 5M; –
Average Volume (20 Days): 4M; –
Average Volume (90 Days): 4M; –
Relative Volume: 1.19; 0.64
Relative Strength Index (14): 50.4; 47.4
Volatility (1 Year): 66.9%; 65.4%
Beta (5 Years): 2.30; 1.19

MarginsIndustry

Gross Margin: 71.9%; 55.6%
Operating Margin: -14.1%; -2.03%
Pretax Margin: -8.31%; -0.85%
Profit Margin: -8.75%; -2.58%
EBITDA Margin: -5.19%; 0.72%
FCF Margin: 13.2%; 9.88%

Returns on capitalIndustry

Return on Equity (ROE): -17.0%; 1.34%
Return on Assets (ROA): -3.55%; -3.24%
Return on Capital Employed (ROCE): -6.25%; -0.55%

Financial positionIndustry

Current Ratio: 3.80; 1.37
Quick Ratio: 3.64; 0.94
Interest Coverage: -31.85; -0.55

GrowthIndustry

Revenue Growth (YoY): 35.7%; 9.45%
FCF Growth (YoY): 52.0%; 14.3%
Revenue Growth (3Y CAGR): 30.5%; 7.44%
Revenue Growth (5Y CAGR): 38.1%; 12.3%

EfficiencyIndustry

Asset Turnover: 0.41; 0.64
Revenue Per Employee: $530.03K; $394.08K
Profits Per Employee: -$46.36K; -$7.02K
Employee Count: 5,156; 525
WACC: 16.6%; 10.3%

Income statement (TTM)Industry

Revenue: $2.73B; $257.79M
Gross Profit: $1.96B; $158.22M
Operating Income: -$384.85M; -$638.82K
Pretax Income: -$227.14M; -$315.88K
Net Income: -$239.05M; -$309.55K
EBITDA: -$141.72M; -$78.29K
EPS (Diluted): -$0.68; $0.00

Balance sheetIndustry

Cash & Short-Term Investments: $5.13B; $41.99M
Net Cash (Debt): $5.13B; $1.76M
Net Cash Per Share: $14.40; $0.12
Equity (Book Value): $1.46B; $51.00M
Book Value Per Share: $4.11; $1.98
Tangible Book Value: $1.04B; $2.87M
Working Capital: $4.30B; $16.25M

Cash flow (TTM)Industry

Operating Cash Flow: $681.67M; $5.65M
Capital Expenditures: -$322.19M; -$5.67M
Free Cash Flow: $359.48M; $35.58M
FCF Per Share: $1.01; $0.53

Dividends and yieldsIndustry

Earnings Yield: -0.22%; 0.37%
FCF Yield: 0.33%; 4.39%

Taxes and interestIndustry

Interest Expense: $12.08M; $3.48M
Income Tax: $11.91M; $1.63M

Scores and fair valueIndustry

Altman Z-Score: 11.08; 1.96
Piotroski F-Score: 5; 5
Beneish M-Score: -3.12; -2.82

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 13, 2026. The S&P 500 is measured by the SPY fund.

Period	NET	S&P 500	Difference	NET per year	S&P 500 per year
1 month	-12.0%	-3.0%	−9.0 pts
3 months	-7.6%	-2.8%	−4.8 pts
Year to date	+55.1%	+11.5%	+43.6 pts
1 year	+43.2%	+13.5%	+29.7 pts
3 years	+378.7%	+77.7%	+301.0 pts	+68.5%	+21.1%
5 years	+49.4%	+72.6%	−23.3 pts	+8.4%	+11.5%

Short interest

Shares sold short and not yet covered, reported by brokers to FINRA twice a month. Latest settlement date Oct 30, 2026.

8M NET shares were sold short on Oct 30, 2026, down 0.4% from the previous report, or 2.43% of the shares available to trade. At recent volumes it would take 2.3 days to buy them back. Over the last 20 sessions, 47.8% of the volume reported to FINRA was short selling.

Settlement date	Shares short	Change	Avg. daily volume	Days to cover
Oct 30, 2026	7,960,707	-0.4%	3,491,186	2.3
Oct 15, 2026	7,992,126	+4.3%	2,762,427	2.9
Sep 30, 2026	7,664,139	-0.5%	3,087,871	2.5
Sep 15, 2026	7,703,439	+13.4%	3,152,820	2.4
Aug 31, 2026	6,794,677	-8.6%	2,988,287	2.3
Aug 14, 2026	7,432,334	-9.2%	5,218,722	1.4
Jul 31, 2026	8,184,226	-16.8%	2,886,737	2.8
Jul 15, 2026	9,834,475	+6.0%	3,169,257	3.1
Jun 30, 2026	9,277,677	+3.8%	3,369,268	2.8
Jun 15, 2026	8,937,668	+1.3%	4,442,813	2.0
May 29, 2026	8,826,367	-1.9%	3,525,082	2.5
May 15, 2026	8,994,389	+5.7%	6,311,273	1.4