stockrowCloudflare, Inc.
NET Technology Software Infrastructure
Cloudflare, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.2 billion, up 29.8% from fiscal 2024.
- Revenue
- +39.2%
- EPS
- −2,602.7%
- Free cash flow
- +9.48%
- Total debt
- +125.2%
Quarter to September 2026, against a year earlier
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Cloudflare, Inc. (NET) Current ratio
Cloudflare, Inc.'s current ratio at the end of the quarter to 30 September 2026 was 3.8×, up 1.8× from fiscal 2025 (2.0×). Over the past ten years it has ranged from 2.0× (fiscal 2025) to 8.2× (fiscal 2019) — the current reading is the lowest in ten years. That is above the Software Infrastructure industry median of 1.5× and above the Technology sector median of 1.9×.
Current ratio, annual
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Annual newest first
| Period | Current ratio | Change |
|---|---|---|
| FY2025 | 2.0× | (30.88%) |
| FY2024 | 2.9× | (18.25%) |
| FY2023 | 3.5× | (26.30%) |
| FY2022 | 4.7× | (29.99%) |
| FY2021 | 6.8× | (15.20%) |
| FY2020 | 8.0× | (2.82%) |
| FY2019 | 8.2× | 156.58% |
| FY2018 | 3.2× | (5.39%) |
| FY2017 | 3.4× | — |
Quarterly newest first
| Period | Current ratio | Change |
|---|---|---|
| Sep 2026 | 3.8× | 108.82% |
| Jun 2026 | 1.8× | (7.05%) |
| Mar 2026 | 2.0× | (1.01%) |
| Dec 2025 | 2.0× | (3.17%) |
| 27 more quarters | Free account |
Against its own ten years
Current ratio against peers
| Company | Current ratio |
|---|---|
| NBIS Nebius Group N.V. compare | 4.0× |
| NET Cloudflare, Inc. | 3.8× |
| XYZ Block, Inc. compare | 2.2× |
| ZS Zscaler, Inc. compare | 1.7× |
| CRWD CrowdStrike compare | 1.6× |
| OKTA Okta, Inc. compare | 1.5× |
| FTNT Fortinet, Inc. compare | 1.4× |
| SNPS Synopsys, Inc. compare | 1.3× |
| NTAP NetApp, Inc. compare | 1.2× |
| Software Infrastructure industry median | 1.5× |
| Technology sector median | 1.9× |
| Market median | 1.6× |
What Current ratio is
Current Ratio shows whether a company’s short-term assets are enough to cover the bills and debts it must pay within the next year.
Current Assets (Total) ÷ Current Liabilities (Total)
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