Cloudflare, Inc. NET NYSE

Cloudflare, Inc. (NET) reported exceptional year-over-year revenue growth of +29.8% through 2025-12 (TTM revenue vs prior-year TTM). The latest quarter net income was –$12M, with a YoY change of -29.8%. The net profit margin is -2%, which is negative. The company has not reported a profitable quarter in the last 4 quarters. The gross margin is 74.8% (high), down 2.6pp vs the prior year. With a $63B market cap, MOAT composite score of 71/100 (strong competitive position).

Criteria proven by this page:

• GROWTH (90/100, Partial) — growth is present but not consistently above 5% across both metrics
• PAST (0/100, Fail) — the company has frequently reported losses. Looking at the full 10-year annual history, the company was profitable in 0 of 10 years — a mixed long-term record
• INCOME (10/100, Fail) — the company is currently operating at a loss
• MOAT (71/100, Pass) — strong gross margins and market scale prove a durable competitive advantage

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