# Cloudflare, Inc. (NET)

> Technology · US · Reports in USD

Fundamental indicators from Sponda, adjusted for inflation.

[HTML version](https://sponda.capital/en/NET/fundamentals)

## Annual figures

| Year | Revenue (M) | Net Inc. (M) | FCF (M) | Debt (M) | Equity (M) |
| --- | --- | --- | --- | --- | --- |
| 2026 | $ 1.34B | $ -192.91M | $ 140.46M | $ 3.53B | $ 1.62B |
| 2025 | $ 2.22B | $ -104.71M | $ 332.07M | $ 3.70B | $ 1.46B |
| 2024 | $ 1.75B | $ -82.83M | $ 175.44M | $ 1.46B | $ 1.05B |
| 2023 | $ 1.40B | $ -198.90M | $ 129.17M | $ 1.44B | $ 763.05M |
| 2022 | $ 1.09B | $ -216.03M | $ -44.43M | $ 1.58B | $ 623.96M |
| 2021 | $ 780.26M | $ -309.42M | $ -51.22M | $ 1.29B | $ 815.80M |
| 2020 | $ 549.14M | $ -152.07M | $ -117.32M | $ 428.30M | $ 816.94M |
| 2019 | $ 370.47M | $ -136.60M | $ -124.17M | $ 10.51M | $ 725.83M |
| 2018 | $ 254.46M | $ -115.12M | $ -98.40M | $ 10.70M | $ -113.51M |

Columns not available in this view: annualPriceMultiples, dividends. They require live market data and are shown on the HTML page instead.

## Leverage and liquidity

| Indicator | Value |
| --- | --- |
| Gross Debt / Eq | 2.18 |
| Liabilities / Eq | 3.00 |
| Current Ratio | 1.82 |

## Debt coverage

| Indicator | Value |
| --- | --- |
| Gross Debt / FCF | 75.79 |

## Other views

- [Metrics](https://sponda.capital/en/NET.md)
- [Charts](https://sponda.capital/en/NET/charts.md)
- [Compare](https://sponda.capital/en/NET/compare.md)
- [Indicator definitions](https://sponda.capital/en/screener.md)

Data as of 2026-08-28.