Cloudflare, Inc. NET NYSE

NYSE • Technology • Software - Infrastructure • US • USD

SharesGrow Score

50/100

4/7 Pass

SharesGrow Intrinsic Value

Income Statement Balance Sheet Cash Flow Statement

Annual Quarterly

Cloudflare, Inc. (NET) generated $254.17M in operating cash flow for quarter ending 2025-12-31. After capital expenditures of $98.48M, free cash flow was $155.69M.

Free cash flow margin was 25.3% of revenue. Cash conversion ratio was -21.05x, suggesting some earnings are non-cash.

Criteria supported by this page:

HEALTH (33/100, Fail) — weak cash flow raises concerns about debt servicing
MOAT (76/100, Pass) — $155.69M (25.3% margin) supports a durable competitive advantage
INCOME (10/100) — Cash conversion ratio was -21.05x suggests some earnings are non-cash items

Overall SharesGrow Score: 50/100 with 4/7 criteria passed.

SharesGrow 7-Criteria Score

50/100

SG Score

View full scorecard →

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VALUE

75/100

Price-to-Earnings & upside

→ Valuation

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FUTURE

67/100

Analyst consensus

→ Forecast

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PAST

0/100

→ Income

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HEALTH

33/100

Debt-to-Equity & liquidity

Proven by this page

✓

MOAT

76/100

Proven by this page

✓

GROWTH

90/100

→ Income

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INCOME

10/100

→ Income

Cloudflare, Inc. Cash Flow History

Metric	TTM	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025
Operating Cash Flow	$666.87M	$254.17M	$167.12M	$99.8M	$145.78M
Capital Expenditure	$-342.55M	$-98.48M	$-84.64M	$-66.52M	$-92.92M
Free Cash Flow	$324.32M	$155.69M	$82.48M	$33.28M	$52.87M