Cloudflare, Inc. (NET)

Technology · Software · Price $308.23
Updated: Aug 28, 2026
Revenue (TTM)
$2.5B
Trailing 12 Months
Growth Rate
30.14%
Log-Linear Regression (16Q)
Price/Sales
43.5x
Valuation Multiple
Revenue Per Share
$7.09
Sales / Shares
Gross Margin
72.58%
Pricing Power

📈 Revenue History (16 Quarters)

🧮 NET Revenue Breakdown

Revenue = Product Sales + Service Revenue + Other Income
Total Revenue (TTM) $2.5B
Less: Cost of Revenue $689.0M
Equals: Gross Profit $1.8B
Then: Operating Income $-354.4M
Finally: Net Income $-206.3M

Understanding Revenue

Revenue, also called sales or the "top line," represents the total income a company generates from its business activities before any costs are deducted. For NET, the trailing twelve month revenue is $2.5B.

Why Revenue Matters

Revenue is the foundation of all financial analysis. A company cannot have sustainable profits without revenue, and revenue growth often drives stock price appreciation. However, revenue alone doesn't tell the full story - it must be analyzed alongside profitability metrics.

NET's revenue growth rate of 30.14% (based on log-linear regression of 16 quarters) indicates strong growth, typical of high-growth companies.

Revenue vs Profitability Metrics

Free Cash Flow: $320.7M →

The cash remaining after capital expenditures. High revenue with negative FCF may indicate heavy reinvestment or poor cash conversion.

Owner Earnings: $410.3M →

Buffett's metric for true cash generation. Compares revenue's conversion to actual owner value.

Earnings Per Share: $-0.58 →

Net income per share. The bottom line result of all revenue after costs, taxes, and interest.

Net Income: $-206.3M

What remains after all expenses. Net margin shows what percentage of revenue becomes profit.

Price/Sales Ratio Analysis

NET's P/S ratio of 43.5x means investors pay $43.47 for every $1 of annual revenue. A P/S above 10 indicates very high growth expectations.

Gross Margin: Revenue Quality

Gross margin of 72.58% shows how much of NET's revenue remains after direct costs. High gross margins above 60% often indicate strong pricing power, brand value, or intellectual property moats.

Summary: NET Revenue Trend

Cloudflare, Inc. (NET) generated $2.5B in trailing twelve-month revenue, growing at 30.14% annually — significantly above the 20% threshold Zyberno associates with high-growth businesses. Cloudflare, Inc.'s gross margin of 72.58% is excellent for a Technology company — above the 55% threshold Zyberno applies to technology businesses where gross margin reflects software economics, IP value, or hardware pricing power, a level typically associated with strong pricing power and durable competitive advantages. For complete financial analysis, view the full NET stock report on Zyberno.

Frequently Asked Questions

What is NET's current revenue?

Cloudflare, Inc.'s trailing twelve month (TTM) revenue is $2.5B, growing at 30.14% annually — significantly above the 20% threshold Zyberno associates with high-growth businesses.

Is NET's revenue growing?

Cloudflare, Inc. (NET) generated $2.5B in trailing twelve-month revenue, growing at 30.14% annually — significantly above the 20% threshold Zyberno associates with high-growth businesses. Cloudflare, Inc.'s gross margin of 72.58% is excellent for a Technology company — above the 55% threshold Zyberno applies to technology businesses where gross margin reflects software economics, IP value, or hardware pricing power, a level typically associated with strong pricing power and durable competitive advantages.

What is NET's gross margin?

Cloudflare, Inc.'s gross margin of 72.58% is excellent for a Technology company — above the 55% threshold Zyberno applies to technology businesses where gross margin reflects software economics, IP value, or hardware pricing power, a level typically associated with strong pricing power and durable competitive advantages.

What is NET's Price/Sales ratio?

NET's P/S ratio is 43.5x, meaning the market values the company at 43.5 times its annual revenue.

How does revenue differ from profit?

Revenue is the total income before any expenses, while profit (net income) is what remains after all costs. NET's revenue is $2.5B with a net income of $-206.3M, showing a net profit margin of -8.2%.

📊 Valuation Trilogy
Three interconnected metrics built on Owner Earnings
💎
Intrinsic Value
DCF Fair Value
$36.03
🛡️
Margin of Safety
Valuation Gap
-100.0%
🎯
Expected Return
Projected Annual
-21.9%
Click any metric for full methodology and detailed analysis

📊 Full NET Stock Report

See NET's intrinsic value, margin of safety, DCF valuation, and complete financial analysis with 250+ metrics.

💵 NET Free Cash Flow

Compare to Free Cash Flow which subtracts all capital expenditures, not just maintenance CapEx.

💰 NET Owner Earnings

Compare to Buffett's Owner Earnings metric which uses maintenance CapEx instead of total capital expenditures.

📈 NET Earnings Per Share

Analyze EPS trends, P/E ratio, earnings yield, and per-share profitability metrics.

🎯 NET Earnings Surprise (SUE)

See whether NET is beating or missing its own earnings trend — Standardized Unexpected Earnings and post-earnings drift.

📊 NET Revenue

Analyze revenue trends, growth rate, P/S ratio, and top-line sales performance.

💰 NET Net Income

Analyze the bottom-line profit, P/E ratio, and net profit margin trends.

🔶 NET Operating Income

Analyze EBIT, operating margin, and core business profitability before interest and taxes.

💜 NET Gross Profit

Analyze gross margin, pricing power, and profitability before operating expenses.

View Full NET Report Find More Quality Stocks
Scroll to Top