Cloudflare, 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

244.63 21.95 −8.23%
Market cap
$87.1B
P/E
0.0×
Fwd P/E
−484×
Dividend yield
—
F-score
4/9
Altman Z
9.43
Beneish M
−2.95
Dividend safety
n/a

Cloudflare, Inc. (NET) Return on assets

Alert me on Return on assets

Cloudflare, Inc.'s return on assets over the twelve months to 30 September 2026 was −3.55%, down 1.4 percentage points from fiscal 2025 (−2.19%). Over the past ten years it has ranged from −37.8% (fiscal 2018) to −2.19% (fiscal 2025) — the current reading is the highest in ten years. That is below the Software Infrastructure industry median of 0.00% and below the Technology sector median of 0.00%.

Return on assets, annual

Embed this chart

Annual newest first

Period Return on assets Change (points)
FY2025 −2.19% 0.41
FY2024 −2.60% 4.28
FY2023 −6.88% 0.92
FY2022 −7.80% 6.07
FY2021 −13.9% (3.07)
FY2020 −10.8% 7.94
FY2019 −18.7% 19.03
FY2018 −37.8% (24.59)
FY2017 −13.2% 8.09
FY2016 −21.3% —

Against its own ten years

Low −37.8% High −2.19%
Ten-year median −12.0%
Current reading's percentile 100

Return on assets against peers

Company Return on assets
FTNT Fortinet, Inc. compare 21.4%
NTAP NetApp, Inc. compare 13.7%
OKTA Okta, Inc. compare 3.17%
SNPS Synopsys, Inc. compare 2.24%
XYZ Block, Inc. compare 1.15%
CRWD CrowdStrike compare 0.42%
NBIS Nebius Group N.V. compare 0.26%
ZS Zscaler, Inc. compare −0.88%
NET Cloudflare, Inc. −3.55%
Software Infrastructure industry median 0.00%
Technology sector median 0.00%
Market median 0.00%

What Return on assets is

ROA tells an investor how much profit a company earns for shareholders from the assets it uses to run its business.

Annual: Net Income Allotted to Shareholders ÷ Average Assets; TTM: Net Income Allotted to Shareholders ÷ Average Assets (latest quarter)

The full definition of Return on assets →

More on NET