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Cloudflare Inc.
NETTechnologyGenerated Aug 19, 2026, 10:30 PM UTC
NET (Cloudflare Inc.) analytical snapshot. Revenue grew +29.8% YoY to $2.17B. 5-year revenue CAGR +27.0%. Net margin at -4.72% (expanding ▲). Valuation could not be computed. Risk: Elevated. Macro: Risk-on · Supportive. Composite analytical score 14 (data confidence 64%). Descriptive analytics from public filings — not investment advice.
Price
$291.88
NYQ
Revenue (FY)
$2.17B
YoY +29.8%
Net margin
-4.72%
▲ 15.11pp
Free cash flow
$287.5M
13.26% margin
Risk level
Elevated
Free SEC analysis
— computed from SEC filings, free to readFree previewRegulatory Analyst
Filings & Ownership
Regulatory Analyst
score 20Improving
80% conf
Latest annual report (10-K) filed Feb 26, 2026. Latest quarterly report (10-Q) filed Aug 6, 2026. 4 recent 8-K material-event filings in the index.
- Latest annual report (10-K) filed Feb 26, 2026.
- Latest quarterly report (10-Q) filed Aug 6, 2026.
- 4 recent 8-K material-event filings in the index.
- Recent insider Form 4s: 0 buy vs 0 sell transactions.
- ~10,000+ recent 13F-HR filings reference Cloudflare Inc.; broad institutional reporting.
- Recent filers include SYMMETRY PEAK MANAGEMENT LLC, Sunstone Asset Management, LP, Skaana Management L.P..
- 20 recent 13G passive institutional ownership notices.
Latest 10-K
Feb 26, 2026
Annual report
Latest 10-Q
Aug 6, 2026
8-K (recent)
4
Insider net
—
0B/0S
13F filers
10k+
Activist 13D
0
Recent 13F institutional filers (SEC EDGAR full-text)
| Filer | Form | Filed |
|---|---|---|
| SYMMETRY PEAK MANAGEMENT LLC | 13F-HR | May 15, 2024 |
| Sunstone Asset Management, LP | 13F-HR | Aug 14, 2026 |
| Skaana Management L.P. | 13F-HR | Aug 14, 2026 |
| Crawford Lake Capital Management, LLC | 13F-HR | May 15, 2020 |
| Draper Asset Management, LLC | 13F-HR | May 8, 2023 |
Recent 8-K material events
| Date | Form | Description |
|---|---|---|
| Aug 13, 2026 | 8-K | FORM 8-K |
| Aug 6, 2026 | 8-K | 8-K |
| Jun 30, 2026 | 8-K | 8-K |
| May 7, 2026 | 8-K | 8-K |
Free previewSEC Filing Analyst
SEC Filing Deep-Analysis
SEC Filing Analyst
score -39Deteriorating
66% conf
3 risk signal(s), 1 positive signal(s), 1 watch item(s) detected from XBRL filing diff analysis. 3 risk signal(s) detected versus 1 positive signal(s). The balance of evidence suggests elevated filing-specific risk that warrants monitoring in subsequent filings.
- Gross margin compression: Gross margin contracted +2.8%pp (from 77.3% to 74.5%). This may reflect input cost inflation, pricing pressure, or product mix shift toward lower-margin segments.
- Material weakness in internal controls: The term "material weakness" "internal control" appears in 5 recent filing(s) (vs 2 in the prior period). This risk language is ongoing.
- Restatement of financial statements: The term "restatement of" "previously issued" appears in 5 recent filing(s) (vs 2 in the prior period). This risk language is ongoing.
- Deferred revenue growing — future revenue visibility: Deferred revenue grew +43.2% to $684.2M, providing forward revenue visibility. This is a positive leading indicator for subscription or contract-based businesses.
- R&D intensity declining: R&D as % of revenue fell from 25.2% to 23.6%. This may signal reduced innovation investment — potentially impacting long-term competitive position. Compare with peer R&D trends.
- Endogenous analysis: 3 risk signal(s) detected versus 1 positive signal(s). The balance of evidence suggests elevated filing-specific risk that warrants monitoring in subsequent filings.
- 6 new XBRL disclosure(s) in latest filing — expanding reporting scope.
- 20 disclosure(s) dropped from prior year — reduced reporting granularity.
- Ongoing high-severity risk language: Material weakness in internal controls, Restatement of financial statements.
Revenue
$2.17B
+29.8% YoY
Gross profit
$1.62B
+25.1% YoY
Operating income
$-207.2M
-33.9% YoY
Net income
$-102.3M
-29.8% YoY
Operating cash flow
$603.1M
+58.5% YoY
Capex
$315.6M
+70.6% YoY
Total assets
$6.04B
+82.9% YoY
Total liabilities
$4.58B
+103.0% YoY
Filing quality score
80/100
6 new disclosures
SEC XBRL metric changes (latest annual vs prior)
| Metric | Prior year | Latest year | Change | % Change |
|---|---|---|---|---|
| Revenue | $1.67B | $2.17B | $498.3M | +29.8% |
| Gross profit | $1.29B | $1.62B | $324.5M | +25.1% |
| Operating income | $-154.8M | $-207.2M | $-52.4M | -33.9% |
| Net income | $-78.8M | $-102.3M | $-23.5M | -29.8% |
| Operating cash flow | $380.4M | $603.1M | $222.7M | +58.5% |
| Capex | $185.0M | $315.6M | $130.6M | +70.6% |
| Total assets | $3.30B | $6.04B | $2.74B | +82.9% |
| Total liabilities | $2.25B | $4.58B | $2.32B | +103.0% |
| Cash & equivalents | $147.7M | $943.5M | $795.8M | +538.9% |
| Stockholders equity | $1.05B | $1.46B | $412.9M | +39.5% |
| Accounts receivable | $316.8M | $382.5M | $65.7M | +20.8% |
| R&D expense | $421.4M | $512.5M | $91.1M | +21.6% |
| Interest expense | $5.0M | $5.9M | $888000 | +17.8% |
XBRL disclosure changes (new vs dropped concepts)
| Type | Concepts |
|---|---|
| Added | PaymentsForRestructuring, RestructuringCharges, RestructuringReserve, RestructuringReserveSettledWithoutCash2, StockIssued1, StockIssuedDuringPeriodValueAcquisitions |
| Removed | AdvertisingExpense, AmortizationOfFinancingCostsAndDiscounts, ContractualObligation, ContractualObligationDueAfterFifthYear, ContractualObligationDueInFifthYear, ContractualObligationDueInFourthYear, ContractualObligationDueInNextTwelveMonths, ContractualObligationDueInSecondYear, ContractualObligationDueInThirdYear, CurrentFederalTaxExpenseBenefit |
Risk language in filing text (EDGAR full-text search)
| Term | Severity | Recent | Prior | Status |
|---|---|---|---|---|
| Material weakness in internal controls | high | 5 | 2 | Ongoing |
| Restatement of financial statements | high | 5 | 2 | Ongoing |
| Impairment charge | medium | 5 | 2 | Ongoing |
| Restructuring | medium | 5 | 9 | Ongoing |
| Off-balance sheet arrangements | medium | 5 | 9 | Ongoing |
| Related party transactions | low | 3 | 1 | Ongoing |
Filing signal breakdown
Red flags: 3
Positive: 1
Watch: 1
Red flags
Positive
Watch
Free previewFundamentals Analyst
Fundamentals
Fundamentals Analyst
score 50Improving
80% conf
Revenue grew +29.8% YoY to $2.17B. 5-year revenue CAGR +27.0%. Net margin at -4.72% (expanding ▲).
- Revenue grew +29.8% YoY to $2.17B.
- 5-year revenue CAGR +27.0%.
- Net margin at -4.72% (expanding ▲).
- Return on equity -7.01%, ROA -1.69%, ROIC -14.20%.
- Gross margin 74.51%, operating margin -9.56%.
- Free cash flow margin 13.26% ($287.5M).
- Net income down ▼ +29.8% YoY.
- Asset turnover 0.33 — capital efficiency.
Revenue (FY)
$2.17B
YoY +29.8%
Net margin
-4.72%
▲ 15.11pp
ROE
-7.01%
ROA -1.69%
ROIC
-14.20%
EPS (diluted)
$-0.29
FY2025
Free cash flow
$287.5M
13.26% margin
Debt / equity
—
Cash $1.66B
Current ratio
1.82
Equity $1.62B
Annual fundamentals — up to 10 years (SEC 10-K, US-GAAP)
| FY | Revenue | Rev YoY | Gross% | Op% | Net% | FCF | ROE% |
|---|---|---|---|---|---|---|---|
| 2024 | $1.67B | +28.8% | 77.32 | -9.27 | -4.72 | $195.4M | -7.53 |
| 2025 | $2.17B | +29.8% | 74.51 | -9.56 | -4.72 | $287.5M | -7.01 |
Quarterly revenue trend (last 6 quarters, SEC 10-Q)
| Quarter end | Revenue | YoY | QoQ | Net margin |
|---|---|---|---|---|
| Sep 30, 2024 | $430.1M | +28.2% | — | -3.56% |
| Mar 31, 2025 | $479.1M | +26.5% | +11.4% | -8.03% |
| Jun 30, 2025 | $512.3M | +27.8% | +6.9% | -9.85% |
| Sep 30, 2025 | $562.0M | +30.7% | +9.7% | -0.23% |
| Mar 31, 2026 | $639.8M | +33.5% | +13.8% | -3.58% |
| Jun 30, 2026 | $696.1M | +35.9% | +8.8% | -24.42% |
Sources:SEC EDGAR — Company Facts (XBRL)
+7 more years of history, charts & full breakdown Pro
Pro analysis — preview
— score, signals & key metrics shown; full reasoning lockedValuation
Valuation Analyst
score 0Stable
10% conf
Valuation could not be computed.
- Market price (Yahoo) or shares outstanding (SEC DEI) unavailable; multiples could not be computed.
ProFull breakdown & reasoning locked
Price & Technicals
Technical Analyst
score 65Improving
85% conf
Price $291.88 — uptrend (above 200-DMA); 1-month momentum positive. RSI(14) 53.12.
- Price $291.88 — uptrend (above 200-DMA); 1-month momentum positive.
Price
$291.88
NYQ
RSI(14)
53.12
50-DMA
$265.20
200-DMA
$218.59
Volatility (ann.)
62.84%
52w range
$158.83–$332.22
-12.1% from high
ProFull breakdown & reasoning locked
Macro & Rates
Macro Analyst
score 30Improving
80% conf
Risk-on · Supportive. Real GDP growth 1.50% (quarterly, as of Apr 1, 2026). CPI inflation +3.3% YoY. Fed funds rate 3.63%, 10Y Treasury 4.71%.
- Market regime: Risk-on · Supportive.
GDP growth
1.50%
CPI (YoY)
+3.3%
Fed funds
3.63%
10Y yield
4.71%
10Y−2Y
0.46pp
Unemployment
4.10%
ProFull breakdown & reasoning locked
Risk Scorecard
Risk Analyst
score -30Deteriorating
83% conf
Composite risk Elevated. Liquidity current ratio 1.82 (adequate). Earnings stability: net-margin stdev 15.67pp over 9y.
- Composite risk: Elevated.
Risk level
Elevated
Debt / equity
—
Current ratio
1.82
Margin stdev
15.67pp
Cash / assets
25.70%
Liab / assets
74.98%
ProFull breakdown & reasoning locked
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Macro exposure
Cyclical / growth · High sensitivityMacro regime: Risk-on · Supportive. Cloudflare Inc. is a cyclical / growth name (high macro sensitivity) — risk appetite favors cyclical/growth names.
Macro regime
Risk-on · Supportive
Yield curve
Normal
VIX
15.84
Fed funds
3.63%
CPI YoY
+3.3%
Analytical read
deterministic previewRevenue grew **+29.8%** YoY to $2.17B..
Risk
Elevated
Macro regime
Risk-on · Supportive
Macro exposure
Supportive
Descriptive analytics from public filings and macro data — not investment advice.
Peer comparison
Cyclical / growth groupHow NET stacks up against tracked peers with similar macro sensitivity — by analytical score and macro exposure.
| Company | Score | Macro |
|---|---|---|
| CF Industries CF | 33 | Supportive |
| MercadoLibre Inc. MELI | 32 | Supportive |
| Booking Holdings BKNG | 32 | Supportive |
| Uber Technologies UBER | 32 | Supportive |
| Shopify Inc. SHOP | 30 | Supportive |
| Newmont Corp. NEM | 29 | Supportive |
| Alphabet Inc. GOOGL | 29 | Supportive |
| Intuit Inc. INTU | 28 | Supportive |
| Pinterest Inc. PINS | 28 | Supportive |
| Salesforce Inc. CRM | 27 | Supportive |
| Adobe Inc. ADBE | 26 | Supportive |
| Workday Inc. WDAY | 20 | Supportive |
| Microsoft Corp. MSFT | 19 | Supportive |
| Netflix Inc. NFLX | 18 | Supportive |
| NVIDIA Corp. NVDA | 17 | Supportive |
| Marvell Technology MRVL | 16 | Supportive |
| Roku Inc. ROKU | 15 | Supportive |
| Okta Inc. OKTA | 15 | Supportive |
| Comcast Corp. CMCSA | 15 | Supportive |
| Cloudflare Inc. NET● you | 14 | Supportive |
| Meta Platforms Inc. META | 14 | Supportive |
| T-Mobile US Inc. TMUS | 14 | Supportive |
| Datadog Inc. DDOG | 13 | Supportive |
| Amazon.com Inc. AMZN | 11 | Supportive |
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| Airbnb Inc. ABNB | 10 | Supportive |
| Chipotle Mexican Grill CMG | 9 | Supportive |
| Delta Air Lines DAL | 9 | Supportive |
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| Yum Brands Inc. YUM | -16 | Supportive |
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| Deere & Co. DE | -31 | Supportive |
| ON Semiconductor Corp. ON | -46 | Supportive |
| Tesla Inc. TSLA | -47 | Supportive |