Latest revenue
$639.8M
as of 2026-03-31
Latest net income
$-22.9M
as of 2026-03-31
Net margin
-3.6%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
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- Enterprise value
- —
- P/E (trailing)
- —
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 0.0%
- 52-wk high
- $260.00
- 52-wk low
- $158.83
- Beta
- —
- Shares out
- —
5-year trend
What this company does
Item 1. Business Overview Cloudflare’s mission is to help build a better Internet. Over the past decade, the technology industry has been undergoing a massive transition from on-premises hardware and software that customers buy, to services in the cloud that they rent. Organizations find themselves at different points in this transition to the cloud. Regardless of where organizations are in their transition, they all face a common set of challenges: they exist in a complex, heterogeneous infrastructure environment which exacerbates the fundamental problems of the Internet more than ever, and the on-premises hardware boxes that they once relied upon to solve these problems were never…
AI summary unavailable — showing raw filing excerpt
Generated from NET's filing dated 2026-02-26
Key risks
Item 1A. Risk Factors Our business involves significant risks, some of which are described below. You should carefully consider the risks and uncertainties described below, together with all of the other information in this Annual Report on Form 10-K, including the section titled “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our consolidated financial statements and related notes. Any of the following risks could have an adverse effect on our business, results of operations, financial condition, or prospects, and could cause the trading price of our Class A common stock to decline. Our business, results of operations, financial condition, or…
AI summary unavailable — showing raw filing excerpt
Generated from NET's filing dated 2026-02-26
Profitability
Gross margin
74.5%
3.6%Operating margin
-9.6%
3.1%Net margin
-4.7%
0.1%Return on equity
-9.8%
29.8%Return on assets
-1.7%
29.0%Leverage
Debt / equity
4.77×
121.3%Debt / assets
82.7%
21.0%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $639.8M | +33.5% | $-22.9M | +40.4% | -3.6% |
Q4 2025 2025-12-31 | $614.5M | +33.6% | $-12.1M | +6.0% | -2.0% |
Q3 2025 2025-09-30 | $562.0M | +30.7% | $-1.3M | +91.6% | -0.2% |
Q2 2025 2025-06-30 | $512.3M | +27.8% | $-50.4M | -234.6% | -9.8% |
Q1 2025 2025-03-31 | $479.1M | +26.5% | $-38.5M | -8.2% | -8.0% |
Q4 2024 2024-12-31 | $459.9M | — | $-12.8M | — | -2.8% |
Q3 2024 2024-09-30 | $430.1M | +28.2% | $-15.3M | +34.9% | -3.6% |
Q2 2024 2024-06-30 | $401.0M | +30.0% | $-15.1M | +84.0% | -3.8% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Services-Prepackaged Software · SIC 7372
Your notes
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Insider activity
Insider buying
$0
Insider selling
$670.0M
Net activity
−$670.0M
Distinct insiders
9
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns NET
Institutional value
$33.55B
Total shares held
165.4M
Distinct holders
758
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | Capital World Investors | 22.7M | $4.69B | — | New |
| 2 | BlackRock, Inc. | 21.1M | $4.35B | — | New |
| 3 | VANGUARD PORTFOLIO MANAGEMENT LLC | 16.0M | $3.31B | — | New |
| 4 | BAILLIE GIFFORD & CO | 15.9M | $3.29B | — | New |
| 5 | VANGUARD CAPITAL MANAGEMENT LLC | 13.7M | $2.83B | — | New |
| 6 | Capital International Investors | 10.9M | $2.25B | — | New |
| 7 | JENNISON ASSOCIATES LLC | 4.4M | $906.8M | — | New |
| 8 | FIRST TRUST ADVISORS LP | 3.8M | $778.7M | — | New |
| 9 | SANDS CAPITAL MANAGEMENT, LLC | 3.7M | $755.6M | — | New |
| 10 | FRANKLIN RESOURCES INC | 3.4M | $691.4M | — | New |
| 11 | Invesco Ltd. | 3.1M | $642.4M | — | New |
| 12 | Legal & General Group Plc | 3.0M | $609.6M | — | New |
| 13 | Voya Investment Management LLC | 2.9M | $594.1M | — | New |
| 14 | VANGUARD FIDUCIARY TRUST CO | 2.0M | $413.1M | — | New |
| 15 | JANE STREET GROUP, LLC | 1.6M | $329.4M | — | New |
| 16 | DEUTSCHE BANK AG\ | 1.6M | $325.3M | — | New |
| 17 | Pictet Asset Management Holding SA | 1.4M | $284.9M | — | New |
| 18 | UBS Group AG | 1.3M | $259.7M | — | New |
| 19 | Sumitomo Mitsui Trust Group, Inc. | 1.1M | $221.7M | — | New |
| 20 | Bank of New York Mellon Corp | 1.0M | $215.4M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
Coming once NET's latest filing finishes processing.