NET NYSE
Cloudflare, Inc.
1W: +11.6%
1M: -4.8%
3M: +25.8%
YTD: +69.5%
1Y: +53.0%
3Y: +429.1%
5Y: +83.8%
$328.09
-3.77 (-1.14%)
After Hours: $328.50 (+0.41, +0.12%)
Weekly Expected Move ±8.0%
$274
$300
$326
$352
$378
Credit Risk of going bust: lower than 56% of companies Debt: 2.9% of company value Bonds: $472.6M held by 84 funds → details ▾
Of US companies ranked in the middle of the pack, about 1 in 580 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $1.75 (down 99.5%), Cloudflare, Inc. would be worth roughly what it owes.
Total debt $3.53B against a stock market value of $118.29B.
Distance to default 5.80 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $2.28B (short-term plus half of long-term), stock volatility 66.7%; Altman Z'' 1.63. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
If the stock fell to about $1.75 (down 99.5%), Cloudflare, Inc. would be worth roughly what it owes.
Total debt $3.53B against a stock market value of $118.29B.
Distance to default 5.80 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $2.28B (short-term plus half of long-term), stock volatility 66.7%; Altman Z'' 1.63. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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Balance Sheet Trends
Total Assets
$6.0B
+82.9% ▲
5Y CAGR: +34.3%
Total Liabilities
$4.6B
+103.0% ▲
5Y CAGR: +52.0%
Shareholders Equity
$1.5B
+39.5% ▲
5Y CAGR: +12.3%
Cash & Investments
$4.1B
+120.5% ▲
5Y CAGR: +31.8%
Total Debt
$3.7B
+152.9% ▲
5Y CAGR: +53.9%
Net Debt
$2.8B
+109.6% ▲
Assets vs Liabilities & Equity
Year-over-Year Growth
View Full Balance Sheet
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| — Assets — | |||||
| Cash | $314M | $204M | $87M | $148M | $944M |
| Short-Term Investments | $1.5B | $1.4B | $1.6B | $1.7B | $3.2B |
| Cash & ST Investments | $1.8B | $1.6B | $1.7B | $1.9B | $4.1B |
| Net Receivables | $102M | $157M | $259M | $333M | $406M |
| Inventory | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $3M | $11M | $3M | $75M | $9M |
| Total Current Assets | $2.0B | $1.9B | $2.0B | $2.3B | $4.6B |
| Property, Plant & Equip. | $314M | $419M | $461M | $636M | $856M |
| Goodwill & Intangibles | $25M | $181M | $168M | $203M | $268M |
| Long-Term Investments | -$370K | $471K | $0 | $0 | $0 |
| Other Non-Current Assets | $80M | $100M | $148M | $193M | $267M |
| Total Non-Current Assets | $419M | $700M | $777M | $1.0B | $1.4B |
| Total Assets | $2.4B | $2.6B | $2.8B | $3.3B | $6.0B |
| — Liabilities — | |||||
| Accounts Payable | $26M | $36M | $54M | $106M | $84M |
| Short-Term Debt | $12M | $0 | $0 | $0 | $1.4B |
| Deferred Revenue | $117M | $219M | $348M | $478M | $684M |
| Other Current Liabilities | $71M | $42M | $64M | $81M | $109M |
| Total Current Liabilities | $289M | $398M | $567M | $794M | $2.4B |
| Long-Term Debt | $1.1B | $1.4B | $1.3B | $1.3B | $2.2B |
| Other Non-Current Liab. | $7M | $11M | $16M | $24M | -$153M |
| Total Non-Current Liabilities | $1.3B | $1.6B | $1.4B | $1.5B | $2.2B |
| Total Liabilities | $1.6B | $2.0B | $2.0B | $2.3B | $4.6B |
| — Equity — | |||||
| Common Stock | $321K | $328K | $337K | $344K | $351K |
| Retained Earnings | -$681M | -$840M | -$1.0B | -$1.1B | -$1.2B |
| Accumulated OCI | -$3M | -$12M | $2M | -$4M | $12M |
| Total Stockholders Equity | $816M | $624M | $763M | $1.0B | $1.5B |
| Total Liabilities & Equity | $2.4B | $2.6B | $2.8B | $3.3B | $6.0B |
| — Key Metrics — | |||||
| Total Debt | $1.3B | $1.6B | $1.4B | $1.5B | $3.7B |
| Net Debt | $979M | $1.4B | $1.3B | $1.3B | $2.8B |
| Total Investments | $1.5B | $1.4B | $1.6B | $1.7B | $3.2B |