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NET · Software & cloud · U.S.

Cloudflare

Runs a worldwide network that speeds up and protects websites.

Company Health

57
/100
Mixed
A quick check of the business from its yearly reports (2022–2025). It doesn’t say whether the stock is a good buy.
Does it make money?
0 of 25 · Poor
It lost money last year: $5 of every $100 in sales.
Is it growing?
25 of 25 · Good
Sales grew about 31% a year over the last 3 years.
Can it handle what it owes?
12 of 25 · Okay
It would take about 6 years of the cash its business brings in to pay off everything it owes.
Does it bring in spare cash?
20 of 25 · Good
After paying for buildings and equipment, $13 of every $100 in sales was left as spare cash.

Who owns it

None of the 23 funds we follow reported owning Cloudflare in their latest reports. Duquesne sold all their shares in their latest report.
bought lately
owns it
doesn’t own it
Didn’t report owning it: Whale Rock, Appaloosa, Melqart, Coatue, D1 Capital, Light Street, Lone Pine, Third Point, TCI, Pershing Square, Duquesne, Himalaya Capital, Greenlight, Giverny Capital, Fundsmith, Semper Augustus, Akre
Their letters don’t mention it: Arquitos, Laughing Water, Alluvial, Bireme, Kingdom Capital, Saga Partners
From each fund’s latest 13F report (Jun 30, 2026). Funds that don’t file one: from their own letters.

The numbers

From Cloudflare’s yearly reports. Tap a year to see its figures.

Sales and profit

Sales grew from $431 million in 2020 to $2.17 billion in 2025, and it lost money every year.
2025
Sales
$2.17 billion
Loss
$102 million

Spare cash each year

It had cash to spare in 3 of the 6 years, including $287 million in 2025.
2025
Spare cash
$287 million
Spare cash is the cash its business brought in, minus what it spent on buildings and equipment.

What it owns and what it owes

At the end of 2025 it owned $6.04 billion, including $944 million in cash, and owed $4.58 billion.

Key facts

From its yearly report for 2025.
Sales
$2.17 billion
Loss
$102 million
Spare cash
$287 million
Cash in the bank
$944 million
Everything it owes
$4.58 billion
Year ends
December
Money shown in
U.S. dollars
Latest yearly report
10-K/A, filed Apr 29, 2026
Figures from Cloudflare’s yearly reports to the SEC (EDGAR), collected Oct 12, 2026.
Not investment advice. Holdings come from public SEC reports and the funds’ own letters, and can be up to 4½ months old. How this works
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