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Cloudflare, Inc. (NET) Stock: Price, Forecast & Analyst Target

Cloudflare, Inc. (NET) — MoonshotScore 31/100 (Weak band), calculated Oct 4, 2026. Price $348.96 (-0.58%), as of the Oct 2, 2026 trading session; market cap $124B. Expected results Oct 29, 2026.

Educational signal · not a buy or sell recommendation · How to read this

Market value / cash and short-term investments: 29.79× (market value Oct 2, 2026; cash Jun 30, 2026) · expected results Oct 29, 2026

$348.96 −$2.04 (-0.58%) Market Cap $124B

Cloudflare, Inc. · NET · NYSE · Technology · Software - Infrastructure

Research dated 2026-09-12: Cloudflare sells an integrated network platform spanning cybersecurity, content delivery, traffic performance, reliability, connectivity and developer computing. Customers use that network across cloud, on-premises, software and device environments rather than buying only a conventional content delivery service. The case rests on whether rapid revenue growth can outrun the expanding cost base and turn positive cash generation into durable accounting profit.

Price as of Oct 2, 2026

Key Statistics

31 of 100

MoonshotScore v2 · Cloudflare (NET)

Weak
Business Quality Average (45)
Financial Safety Fragile (14)
Valuation Bubble (17)
Growth Durability Growing (65)
Momentum Surging (93)
Why this rating? Method, drivers & history

Bands for the MoonshotScore: Exceptional 80-100 · Strong 65-79 · Fair 45-64 · Weak below 45.

  • Business Quality — Is this a genuinely good business?
  • Financial Safety — Could this blow up on me?
  • Valuation — Am I paying a fair price?
  • Growth Durability — Is the growth real and likely to last?
  • Momentum — Is the market already moving on this?
The ten-second read ·

Strong price action running well ahead of the business — a fragile balance sheet underneath; a move to treat with suspicion, not chase. Business Quality: Average; Financial Safety: Fragile; Valuation: Bubble; Growth Durability: Growing; Momentum: Surging.

  • quarterly revenue $696M (Q2 FY2026, quarter ended Jun 2026)
  • EPS beat 7 of 8
  • Altman Z 15.70 · Piotroski F 3

Holding back: balance-sheet strain, a rich price

Helping: positive momentum

What has the MoonshotScore done over time?

MoonshotScore snapshots recorded for NET (29 recorded, newest six shown)
RecordedScoreBand
32Weak
31Weak
31Weak
31Weak
31Weak
31Weak

The score was 31 in the stored Oct 3, 2026 snapshot and remains 31 in the current publication computed Oct 4, 2026 (0); the largest pillar moves were Momentum -1; the pillar moves offset under the sector-relative weighting, so the headline score is unchanged.

Calculation uses the most recent completed US trading session. Live price changes do not update the score immediately.

Computed · Educational signal · not a buy or sell recommendation · How the MoonshotScore is computed →

Price & valuation

As of
MeasureValue
Latest provided price$348.96
Change on the day-0.58%
52-week range$158.83–$367.43
Market capitalisation$124B
Price / earnings (trailing)173.19
Shares traded on the day2.83M
Beta (volatility vs the S&P 500)1.66

Price & events

Weekly closing price with reported quarters marked Weekly closing price from Sep 5, 2025 to Oct 2, 2026: low $167, high $349, latest $349. 4 reported quarters marked, 4 above and 0 below the recorded estimate. 1 other dated event marked. $349 $167 high $349 Oct 30, 2025 · Earnings results · reported above the recorded estimate · close $2531Feb 10, 2026 · Earnings results · reported above the recorded estimate · close $1962May 7, 2026 · Earnings results · reported above the recorded estimate · close $1963Aug 6, 2026 · Earnings call · management outlook · no recorded estimate to compare · close $3004Aug 6, 2026 · Earnings results · reported above the recorded estimate · close $3005 Sep 5, 2025 Oct 2, 2026 · $349 $214Sep 5, 2025$226Sep 19, 2025$217Oct 3, 2025$210Oct 17, 2025$253Oct 31, 2025$211Nov 14, 2025$200Nov 28, 2025$202Dec 12, 2025$202Dec 26, 2025$183Jan 9, 2026$173Jan 23, 2026$173Feb 6, 2026$177Feb 20, 2026$195Mar 6, 2026$215Mar 20, 2026$212Apr 2, 2026$201Apr 17, 2026$218May 1, 2026$198May 15, 2026$242May 29, 2026$228Jun 12, 2026$237Jun 26, 2026$268Jul 10, 2026$262Jul 24, 2026$300Aug 7, 2026$293Aug 21, 2026$279Sep 4, 2026$324Sep 18, 2026$349Oct 2, 2026

Triangles mark reported quarters on the line: pointing up is above the recorded estimate, down is below, a diamond means no estimate on file or a dated event that is not a results report. Numbers key to the dated list. Point at or tab to any week for its close.

Events behind the price

  • · Earnings results · above the recorded estimate
  • · Earnings results · above the recorded estimate
  • · Earnings results · above the recorded estimate
  • · Earnings call · management outlook
  • · Earnings results · above the recorded estimate

Results dates follow the earnings feed; call dates follow the transcript provider. Nearby dates do not establish that an event caused a price move.

Upcoming events

As of

  1. Next results dueProvider estimate

Management outlook

  • As a reminder, there can be some variability in this metric quarter-to-quarter, and we expect network CapEx to be 14% to 15% of revenue for full year 2026.

    Thomas Seifert · Statement from

  • For the full year 2026, we expect revenue in the range of $2.864 billion to $2.870 billion, representing an increase of 32% year-over-year.

    Thomas Seifert · Statement from

Statement dates identify the earnings call, not a deadline. Management expectations and provider estimates can change.

Read management statements

Council Score · weighted blend of 2 available disciplines

Council score for Cloudflare (NET): Split View

38/100 · D

Some lenses disagree with the MoonshotScore. Compare their readings below; each uses a different method.

5-Factor Breakdown

Growth Durability Moderate
Momentum Strong
Business Quality Neutral
Financial Safety Negative
Valuation Negative

Legends Council

6 lenses, 6 current

AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built

Dalio-style lens (simulated) Ray Dalio Favorable read
Griffin-style lens (simulated) Ken Griffin Neutral read
Simons-style lens (simulated) Jim Simons Neutral read
Englander-style lens (simulated) Izzy Englander Neutral read
Klarman-style lens (simulated) Seth Klarman Unfavorable read
Moon AI lens (model) Unfavorable read

Read on: Oct 4, 2026

Munger's Mindset

Balance Sheet & Valuation · historical

Financial Health Weak
Margin of Safety Overvalued
Profit Margin Weak
Revenue Growth Strong
Debt/Equity Negative
ROE Negative
Gross Margin Strong

Read on: Sep 9, 2026 · older than the 27 hours refresh window; not a current reading

How to read these bars and different assessments

Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.

Bars show each model's ordered assessment on its own scale, not a probability or a comparable investment return. The adjacent words give the assessment; more filled segments indicate a stronger model reading.

One of these lenses reads this company more favourably than the MoonshotScore does: Dalio-style lens. Each lens is a separate scoring function over its own inputs, so a disagreement is a difference of method rather than a correction — the page's answer stays the MoonshotScore above.

On Sep 9, 2026, the Munger lens read the price at that time as overvalued against its own estimate of value.

Readings on this page are from Oct 5, 2026, except a card that shows its own read date.

Watch the NET film — every key number, told as a short cinematic story

~2 min · open the film

1 · What is it?

What is Cloudflare (NET), and what does it report?

Short answer · as of

Cloudflare protects and accelerates internet traffic, connects users and locations to applications, and gives developers computing and programmable-network services.

Research dated 2026-09-12.

Cloudflare protects and accelerates internet traffic, connects users and locations to applications, and gives developers computing and programmable-network services. Firewalls, bot controls, denial-of-service protection, routing, load balancing, domain services, serverless computing and data controls sit within the same broad platform.

The company reports this portfolio as an undivided segment. Revenue and margin movements therefore measure the combined platform rather than separately disclosed economics for security, delivery, connectivity or developer products.

Sources (as of 2026-09-12): Business description; Revenue by segment; Annual revenue and net result (USD millions)

2 · Latest results

What do the latest results show for Cloudflare (NET)?

Short answer · as of

The most recent reported quarter, Q2 FY2026, carried revenue of $696M.

Research dated 2026-09-12.

Revenue and gross profit continued climbing in the latest period, but the GAAP operating and net losses widened sharply. Research spending and sales, general and administrative expense also rose, showing that platform growth has yet to produce consistent operating leverage.

The estimate-comparison history has generally been favorable for revenue and earnings, while the statutory statements remain loss-making. Management separately expects substantial restructuring charges, much of them cash-related, even as its outlook calls for continued rapid revenue expansion.

Sources (as of 2026-09-12): Quarterly income statement (USD thousands); Annual revenue and net result (USD millions); Operating cash flow by quarter (USD millions); Reported versus estimated, last 8 quarters; Management outlook — dated call excerpts

Where is operating spending going?

Revenue alongside research and development, selling, general and administrative expenses, and the FMP standardized operating result.

Latest quarter · revenue
$696.06M Jun 30, 2026
Latest quarter · R&D
$159.49M Jun 30, 2026
Latest quarter · SG&A
$395.03M Jun 30, 2026
Latest quarter · FMP standardized operating result
−$205.70M Jun 30, 2026
Where is operating spending going? — FMP standardized evidence
Period endRevenueR&DSG&AFMP standardized operating result
Jun 30, 2026$696.06M$159.49M$395.03M−$205.70M
Mar 31, 2026$639.75M$150.97M$366.62M−$61.99M
Dec 31, 2025$614.51M$141.89M$359.90M−$49.23M
Sep 30, 2025$562.03M$120.96M$332.21M−$37.46M

USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow.

Did results meet expectations?

Reported earnings and revenue alongside the estimates recorded by the provider.

Latest report · revenue
$696.06M Aug 6, 2026
Latest report · revenue estimate
$664.67M Aug 6, 2026
Latest report · revenue vs estimate
Above estimate Aug 6, 2026
Latest report · EPS vs estimate
Above estimate Aug 6, 2026
Did results meet expectations? — reported evidence
Report dateRevenue · reportedRevenue · estimateEPS · reportedEPS · estimate
Aug 6, 2026$696.06M$664.67M$0.2900$0.2684
May 7, 2026$639.75M$620.83M$0.2500$0.2306
Feb 10, 2026$614.51M$591.34M$0.2800$0.2713
Oct 30, 2025$562.03M$544.65M$0.2700$0.2301

Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined.

Quarterly income statement — 4 quarters
Revenue, net income and earnings per share by quarter
PeriodRevenueNet incomeEPS
Q2 FY2026$696M-$170M-$0.48 (diluted)
Q1 FY2026$640M-$23M-$0.07 (diluted)
Q4 FY2025$615M-$12M-$0.03 (diluted)
Q3 FY2025$562M-$1M-$0.0037 (diluted)
3 · Financial strengths and risks

What are the financial strengths and risks for Cloudflare (NET)?

Short answer

Cash and short-term investments were $4.16B at the Jun 30, 2026 balance-sheet date. Operating cash flow was $117.56M for the quarter ended Jun 30, 2026, meaning operations generated cash. These figures do not establish a cash runway.

Research dated 2026-09-12.

Cash and short-term investments exceed total debt, liquidity ratios remain above parity, and operating cash flow has stayed positive throughout the displayed period. Cash generation after network investment has also remained positive, giving Cloudflare room to fund the platform without relying on current accounting profit.

That strength sits beside persistent GAAP losses, a recently wider operating deficit and a market value that is large relative to sales, cash and free cash flow. The company-specific failure mode is costly network, research and commercial expansion continuing without enough gross-profit growth to absorb it; restructuring cash charges add pressure during that transition.

Sources (as of 2026-09-12): Cash, investments and debt; Cash and investment components; Cash and short-term investments over time (USD millions); Cash against market value; Operating cash flow by quarter (USD millions); Quarterly income statement (USD thousands); Trailing twelve-month ratio set; Management outlook — dated call excerpts

Data-derived red flags

  • Negative return on equity (-13.9%) — the business is not currently generating profit on shareholder capital.
  • Weak fundamentals — a Piotroski F-Score of 3/9 flags soft profitability, leverage or efficiency.
  • Rich valuation — a P/E of 173.19 runs well above the Technology sector’s ~34.40x, leaving little room for a miss.

How much cash does the business generate or use?

Quarterly operating cash flow shows cash generated or used by operations.

Latest quarter · operating cash flow
$117.56M Jun 30, 2026
Previous quarter · operating cash flow
$158.33M Mar 31, 2026
How much cash does the business generate or use? — reported evidence
Period endOperating cash flowCapital expenditure (reported)
Jun 30, 2026$117.56M−$61.18M
Mar 31, 2026$158.33M−$74.26M
Dec 31, 2025$254.17M−$98.48M
Sep 30, 2025$167.12M−$84.64M

Operating cash-flow bars share one scale and show magnitude; negative values mean cash used.

USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway.

4 · What to check next?

What should you watch next at Cloudflare (NET)?

Short answer · as of

The next earnings report is expected on Oct 29, 2026.

Research dated 2026-09-12.

The next release needs to connect Cloudflare’s guided revenue expansion with the reported operating result on a consistent accounting basis. Gross-profit growth should be compared with research and commercial spending to see whether the latest widening loss was temporary or an emerging cost pattern.

Restructuring cash outlays and sales, general and administrative expense deserve particular attention. Network investment is expected to remain a meaningful share of revenue, so the practical test is whether operating cash flow continues to cover that investment while the cash balance remains stable.

Sources (as of 2026-09-12): Next earnings report; Analyst revenue and earnings estimates (average); Management outlook — dated call excerpts; Quarterly income statement (USD thousands); Operating cash flow by quarter (USD millions); Cash and short-term investments over time (USD millions); Most recent periodic reports

What management is planning

Management expectations, not completed milestones or guarantees. Selected verbatim excerpts; dates follow the transcript provider.

  1. As a reminder, there can be some variability in this metric quarter-to-quarter, and we expect network CapEx to be 14% to 15% of revenue for full year 2026.

    Thomas Seifert ·

  2. For the full year 2026, we expect revenue in the range of $2.864 billion to $2.870 billion, representing an increase of 32% year-over-year.

    Thomas Seifert ·

  3. For full year 2026, we now expect severance and other restructuring charges of up to $165 million with up to $130 million expected to be cash related.

    Thomas Seifert ·

  4. For the third quarter, we expect revenue in the range of $736 million to $737 million, representing an increase of 31% year-over-year. We expect operating income in the range of $129 million to $130 million.

    Thomas Seifert ·

5 · Peer comparison

How does Cloudflare compare with its peers?

Short answer

Cloudflare's score ranks 13th of 13 in the bounded comparison shown, against 12 same-model peers. These are company scores, not expected investment returns. The set lists named competitors first, then companies in the same data-provider industry classification closest in market value; that classification is the provider's, not our judgment of business similarity.

Research dated 2026-09-12.

A pure content-delivery comparison captures only the traffic-acceleration portion of Cloudflare, while a point-security comparison captures only its protection tools. Cloudflare combines security, performance, reliability, connectivity and developer computing across an integrated global network.

That breadth changes the analytical comparison: consolidated revenue growth reflects many workloads, yet the undivided segment disclosure does not reveal which product family supplies the momentum or margin. Efficiency is therefore best judged through gross profit, operating spending and cash remaining after network investment rather than through category growth alone.

Sources (as of 2026-09-12): Business description; Revenue by segment; Quarterly income statement (USD thousands); Operating cash flow by quarter (USD millions); Trailing twelve-month ratio set

Peer set — price, market value and MoonshotScore
CompanyPriceMarket valueScore
Palantir Technologies Inc. (PLTR) Same industry, near in market value$188.75 Oct 2, 2026$433B96 5-pillar Oct 4, 2026
Adobe Inc. (ADBE) Same industry, near in market value$237.69 Oct 2, 2026$94.5B95 5-pillar Oct 4, 2026
Fortinet, Inc. (FTNT) Named competitor$180.95 Oct 2, 2026$133B93 5-pillar Oct 4, 2026
Okta, Inc. (OKTA) Same industry, near in market value$211.49 Oct 2, 2026$35.1B89 5-pillar Oct 4, 2026
Marvell Technology, Inc. (MRVL) Named competitor$272.29 Oct 2, 2026$238B87 5-pillar Oct 4, 2026
F5, Inc. (FFIV) Same industry, near in market value$454.04 Oct 2, 2026$25.6B81 5-pillar Oct 4, 2026
Cadence Design Systems, Inc. (CDNS) Named competitor$351.35 Oct 2, 2026$96.8B76 5-pillar Oct 4, 2026
MongoDB, Inc. (MDB) Same industry, near in market value$357.96 Oct 2, 2026$28.8B74 5-pillar Oct 4, 2026
Samsara Inc. (IOT) Same industry, near in market value$41.12 Oct 2, 2026$23.7B73 5-pillar Oct 4, 2026
CrowdStrike Holdings, Inc. (CRWD) Same industry, near in market value$270.04 Oct 2, 2026$275B69 5-pillar Oct 4, 2026
Block, Inc. (XYZ) Same industry, near in market value$74.33 Oct 2, 2026$44.2B68 5-pillar Oct 4, 2026
Palo Alto Networks, Inc. (PANW) Same industry, near in market value$403.24 Oct 2, 2026$329B65 5-pillar Oct 4, 2026
Cloudflare (NET) — this page$348.96$124B31

Only 5-pillar scores are ranked together. Other models are not directly comparable. Price and score dates are shown separately; market-value dates are unavailable.

Screen more Technology stocks

The records behind this page

Analyst targets & estimates

What analysts have on file

Price target, low to high
$160.00 – $390.00
Consensus target
$322.95
Median target
$350.00

Consensus record · Captured .

Measured against a quoted price of $348.96 (as of Oct 2, 2026).

Insider activity

Form 4 records via FMP · Of the newest 60 records, those within the last 180 days, newest dated Sep 22, 2026

Transactions
59
Identified insiders
3
Purchases
0
Sales
44
Other transactions
15

Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.

Who holds the shares?

Institutional ownership reported through 13F filings.

Institutional ownership
81.2% Period end Jun 30, 2026
Previous quarter · ownership
78.6% Prior to period end Jun 30, 2026
Reporting holders
1,326 Period end Jun 30, 2026
Previous quarter · holders
1,222 Prior to period end Jun 30, 2026
Who holds the shares? — reported evidence
Holders in provider snapshotShares
Capital World Investors24,325,692
Blackrock, INC.21,598,907
Vanguard Portfolio Management LLC16,819,726
Morgan Stanley15,258,327
Baillie Gifford & Co14,598,594

Quarterly filings lag the period end. Holder rows are names in the provider snapshot, not a verified ranking; individual filing dates are not supplied. Related managers may appear separately, so these positions are not summed. Holder snapshot as of Jun 30, 2026.

What has been published about Cloudflare (NET)?

Read these with our analysis →

What Investors Ask About Cloudflare (NET) — Technology

Research dated 2026-09-12; the answers below are from that research, and the full attribution is under Sources. The last 2 questions are answered from this page's own dated data, not from the research.

Is Cloudflare mainly a content delivery network?

Content delivery is only part of Cloudflare’s platform. The company also sells cloud security, network connectivity, reliability services, traffic optimization and developer computing across cloud, on-premises, software and device environments.

Sources (as of 2026-09-12): Business description; Sector / industry (provider taxonomy)

How are Cloudflare on-ramps and filters reflected in reported revenue?

On-ramps connect users, devices and locations to Cloudflare’s network, while filters inspect, protect and control access to data. Their economics are included within the company’s undivided reportable segment rather than presented as separate revenue lines.

Sources (as of 2026-09-12): Business description; Revenue by segment

Can Cloudflare fund network expansion while remaining loss-making?

Operating cash flow has covered network investment throughout the displayed period, and cash and short-term investments exceed debt. The recent deterioration in GAAP losses still makes continued cash conversion an important check on that capacity.

Sources (as of 2026-09-12): Operating cash flow by quarter (USD millions); Cash, investments and debt; Cash and investment components; Quarterly income statement (USD thousands)

What should investors watch in Cloudflare’s restructuring?

Watch whether cash restructuring charges coincide with moderation in administrative spending and improvement in the operating result. Revenue guidance remains strong, so restructuring would be less convincing if the cost base continued expanding faster than gross profit.

Sources (as of 2026-09-12): Management outlook — dated call excerpts; Quarterly income statement (USD thousands); Next earnings report

What is the NET stock price today?

The last price recorded on this page for Cloudflare, Inc. (NET) is $348.96, as of the Oct 2, 2026 trading session (source: Financial Modeling Prep (FMP) · quote). It is a provider snapshot, not a live exchange feed, so check a brokerage quote before you trade.

What is the NET price target?

The analyst consensus price target for Cloudflare, Inc. (NET) is $322.95 (range $160.00 to $390.00, median $350.00), per FMP data captured Oct 4, 2026. Targets are analyst opinions and change often; they are not a Stock Expert AI forecast.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Research written by Codex (gpt-5.6-sol) on 2026-09-12. AI-authored analysis; source dates are shown with each answer. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief.

Sources (as of 2026-09-12): Legal name; Business description; Sector / industry (provider taxonomy); Quarterly income statement (USD thousands); Operating cash flow by quarter (USD millions)

Sources — records for every figure on this page (84 figures)

The 84 rows below are exactly the facts the evidence-backed sections of this page printed — the 10-second verdict, the MoonshotScore, price and market value, the five questions with their receipts, and the records behind this page. Known dates and sources are recorded on their own rows; an em dash or UNRECORDED tier preserves a stored observation without inventing either. The quarterly income statement is provider-standardized (FMP) under one row, and scale definitions — a 0-100 rating, the band ladder, the Piotroski 0–9 range — are fixed rather than measured. No number in those sections was generated by a model. The register does not cover quoted third-party headlines, the dated council readings, or the Frequently Asked Questions; each of those says where it came from where it stands.

"As of" is the date the value is true for where the source carries one — a quarter end, a filing date, a price close, the day the score was computed. A cached observation with no source date remains undated; the page publication date is not used as a substitute.

OFFICIAL — 2 facts from SEC filings and earnings calls

OFFICIAL facts used on this page
Fact IDFactValue as shownAs ofTierSource
prod.outlookManagement outlook — call excerptsThomas Seifert (Aug 6, 2026): As a reminder, there can be some variability in this metric quarter-to-quarter, and we expect network CapEx to be 14% to 15% of revenue for full year 2026. Thomas Seifert (Aug 6, 2026): For the full year 2026, we expect revenue in the range of $2.864 billion to $2.870 billion, representing an increase of 32% year-over-year. Thomas Seifert (Aug 6, 2026): For full year 2026, we now expect severance and other restructuring charges of up to $165 million with up to $130 million expected to be cash related. Thomas Seifert (Aug 6, 2026): For the third quarter, we expect revenue in the range of $736 million to $737 million, representing an increase of 31% year-over-year. We expect operating income in the range of $129 million to $130 million.OFFICIALCompany earnings call, transcript via Financial Modeling Prep (FMP) — Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording.
id.hqSEC filing business addressSAN Francisco, CAOFFICIALSEC EDGAR filer business address — The SEC filer business address. Our market-data provider separately lists "101 Townsend Street, San Francisco, CA, 94107, US".

FMP — 74 facts from Financial Modeling Prep endpoint families

FMP facts used on this page
Fact IDFactValue as shownAs ofTierSource
earn.nextNext earnings dateOct 29, 2026FMPFinancial Modeling Prep (FMP) earnings calendar — The date is our provider's estimate until the company confirms it.
px.lastLatest provided price$348.96FMPFinancial Modeling Prep (FMP) · quote — Dated to the US trading session the price belongs to, derived from the quote record's timestamp (weekend and pre-open reads roll back to the previous weekday; exchange holidays are not modelled). The record does not establish an exchange execution time. Retrieved 2026-10-04T19:24:34.118Z.
px.changeChange on the day-0.58%FMPFinancial Modeling Prep (FMP) · quote
px.mcapMarket capitalisation$124BFMPFinancial Modeling Prep (FMP) · quote — Date unknown Market cap record date: 2026-10-02. FMP quote timestamp: 2026-10-02T19:59:59.000Z. Captured from FMP at 2026-10-04T19:24:31.919Z. No share-count basis is inferred; this page preserves the reported amount instead of recalculating it from shares.
px.change_absChange on the day, in dollars−$2.04FMPFinancial Modeling Prep (FMP) · quote
fin.q_revenueRevenue, Q2 FY2026$696MFMPFinancial Modeling Prep (FMP) · income statement (quarterly)
px.range5252-week range$158.83–$367.43FMPFinancial Modeling Prep (FMP) quote
px.pePrice / earnings (trailing)173.19FMPFinancial Modeling Prep (FMP) · quote
px.volumeShares traded on the day2.83MFMPFinancial Modeling Prep (FMP) · quote
px.betaBeta1.66FMPFinancial Modeling Prep (FMP) company profile
id.ceoChief executiveMatthew PrinceFMPFinancial Modeling Prep (FMP) key executives (proxy-derived) — Titles and pay come from the company's proxy statement as our provider parsed it.
id.employeesEmployees5,156FMPFinancial Modeling Prep (FMP) employee count, from the company's filing
fin.annualRevenue and net result by fiscal year5 fiscal years, FY2021 through FY2025: FY2021 revenue $656.43M, net result −$260.31M; FY2022 revenue $975.24M, net result −$193.38M; FY2023 revenue $1.30B, net result −$183.95M; FY2024 revenue $1.67B, net result −$78.80M; FY2025 revenue $2.17B, net result −$102.27MFMPFinancial Modeling Prep (FMP), from the company's 10-K income statements
fin.rev_mixReported revenue segmentsReportable Segment $2.17BFMPFinancial Modeling Prep (FMP) revenue segmentation, from the company's 10-K
fin.gross_marginGross margin (trailing twelve months)72.6%FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero.
fin.q_table.depth.2026-06-30.revenue_kRevenue — period end 2026-06-30$696.06MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-06-30.rd_kR&D — period end 2026-06-30$159.49MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-06-30.sga_kSG&A — period end 2026-06-30$395.03MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-06-30.operating_result_kFMP standardized operating result — period end 2026-06-30−$205.70MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-03-31.revenue_kRevenue — period end 2026-03-31$639.75MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-03-31.rd_kR&D — period end 2026-03-31$150.97MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-03-31.sga_kSG&A — period end 2026-03-31$366.62MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-03-31.operating_result_kFMP standardized operating result — period end 2026-03-31−$61.99MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-12-31.revenue_kRevenue — period end 2025-12-31$614.51MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-12-31.rd_kR&D — period end 2025-12-31$141.89MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-12-31.sga_kSG&A — period end 2025-12-31$359.90MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-12-31.operating_result_kFMP standardized operating result — period end 2025-12-31−$49.23MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-09-30.revenue_kRevenue — period end 2025-09-30$562.03MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-09-30.rd_kR&D — period end 2025-09-30$120.96MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-09-30.sga_kSG&A — period end 2025-09-30$332.21MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-09-30.operating_result_kFMP standardized operating result — period end 2025-09-30−$37.46MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
earn.history.depth.2026-08-06.revenue_actualRevenue · reported — report date 2026-08-06$696.06MReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-08-06.revenue_estimatedRevenue · estimate — report date 2026-08-06$664.67MReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-08-06.eps_actualEPS · reported — report date 2026-08-06$0.2900Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-08-06.eps_estimatedEPS · estimate — report date 2026-08-06$0.2684Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-05-07.revenue_actualRevenue · reported — report date 2026-05-07$639.75MReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-05-07.revenue_estimatedRevenue · estimate — report date 2026-05-07$620.83MReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-05-07.eps_actualEPS · reported — report date 2026-05-07$0.2500Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-05-07.eps_estimatedEPS · estimate — report date 2026-05-07$0.2306Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-10.revenue_actualRevenue · reported — report date 2026-02-10$614.51MReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-10.revenue_estimatedRevenue · estimate — report date 2026-02-10$591.34MReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-10.eps_actualEPS · reported — report date 2026-02-10$0.2800Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-10.eps_estimatedEPS · estimate — report date 2026-02-10$0.2713Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-10-30.revenue_actualRevenue · reported — report date 2025-10-30$562.03MReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-10-30.revenue_estimatedRevenue · estimate — report date 2025-10-30$544.65MReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-10-30.eps_actualEPS · reported — report date 2025-10-30$0.2700Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-10-30.eps_estimatedEPS · estimate — report date 2025-10-30$0.2301Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
fin.q_tableQuarterly income statement4 quarters through Q2 FY2026FMPFinancial Modeling Prep (FMP) · income statement (quarterly), as filed
fin.cash_investmentsCash and short-term investments$4.16BFMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review.
fin.opcf_latestLatest-quarter operating cash flow$117.56MFMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Period end: 2026-06-30. Negative operating cash flow means cash used. This figure is not a cash-runway estimate.
fin.long_term_investmentsLong-term investments (classification unverified)$0.00FMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.
fin.total_debtTotal debt$3.53BFMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.
fin.price_to_bookPrice to book value76.33×FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero.
fin.opcf.depth.2026-06-30.operating_cash_flow_mOperating cash flow — period end 2026-06-30$117.56MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-03-31.operating_cash_flow_mOperating cash flow — period end 2026-03-31$158.33MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-06-30.capex_mCapital expenditure (reported) — period end 2026-06-30−$61.18MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-03-31.capex_mCapital expenditure (reported) — period end 2026-03-31−$74.26MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-12-31.operating_cash_flow_mOperating cash flow — period end 2025-12-31$254.17MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-12-31.capex_mCapital expenditure (reported) — period end 2025-12-31−$98.48MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-09-30.operating_cash_flow_mOperating cash flow — period end 2025-09-30$167.12MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-09-30.capex_mCapital expenditure (reported) — period end 2025-09-30−$84.64MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
earn.pt_rangeAnalyst price target, low to high$160.00 – $390.00FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied
earn.pt_consensusConsensus analyst price target$322.95FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied
earn.pt_medianMedian analyst price target$350.00FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied
own.insidersInsider transactions via FMP59 transactions · 0 purchases, 44 sales, 15 other transactions · 3 identified insiders · of the newest 60 records, those within the last 180 days, newest dated Sep 22, 2026FMPFinancial Modeling Prep (FMP), carrying Form 4 transaction records — Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.
own.institutions.depth.ownership_pctInstitutional ownership81.2%FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026
own.institutions.depth.ownership_pct_previous_quarterPrevious quarter · ownership78.6%FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026
own.institutions.depth.holdersReporting holders1,326FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026
own.institutions.depth.holders_previous_quarterPrevious quarter · holders1,222FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026
own.top_holders.depth.holder_0.sharesCapital World Investors — shares in provider snapshot24,325,692FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_1.sharesBlackrock, INC. — shares in provider snapshot21,598,907FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_2.sharesVanguard Portfolio Management LLC — shares in provider snapshot16,819,726FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_3.sharesMorgan Stanley — shares in provider snapshot15,258,327FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_4.sharesBaillie Gifford & Co — shares in provider snapshot14,598,594FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.

UNRECORDED — 3 facts from stored observations whose source was not recorded

UNRECORDED facts used on this page
Fact IDFactValue as shownAs ofTierSource
earn.historyReported versus estimated, recent quartersEPS beat 7 of 8UNRECORDEDStored earnings-history observation — Captured 2026-10-02 · Expired observation
fin.scoresDistress and quality screensAltman Z 15.70 · Piotroski F 3UNRECORDEDStored financial-scores observation — Captured 2026-10-04
fin.ratiosReturn and yield ratios (trailing twelve months)ROE -13.9% · ROA -3.2% · current ratio 1.82 · earnings yield -0.2% · free-cash-flow yield 0.3%—UNRECORDEDStored key metrics — Date unknown

COMPUTED — 3 facts from our arithmetic, formula restated

COMPUTED facts used on this page
Fact IDFactValue as shownAs ofTierSource
fin.mcap_to_cashMarket value per dollar of cash and short-term investments29.79×—COMPUTEDComputed on this page from the figures above — The market capitalisation printed on this page divided by cash and short-term investments of $4.16B at Jun 30, 2026. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. Market cap record date: 2026-10-02. Balance-sheet reference date: 2026-06-30. The inputs do not establish a single common source date for this ratio.
earn.history.depth.2026-08-06.revenue_actual.comparisonLatest report · revenue vs estimateAbove estimateReport date · COMPUTEDComputed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported revenue ($696.06M) with the recorded estimate ($664.67M) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns.
earn.history.depth.2026-08-06.eps_actual.comparisonLatest report · EPS vs estimateAbove estimateReport date · COMPUTEDComputed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported EPS ($0.2900) with the recorded estimate ($0.2684) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns.

OURS — 2 facts from Stock Expert AI's own score and rank

OURS facts used on this page
Fact IDFactValue as shownAs ofTierSource
ours.moonshotMoonshotScore v231 of 100 · Weak · pillars 45 / 14 / 17 / 65 / 93OURSStock Expert AI MoonshotScore v2 engine
ours.moonshot_changeMoonshotScore movement31 (stored snapshot Oct 3, 2026) → 31 (current publication computed Oct 4, 2026) (0)OURSStock Expert AI current score publication and immutable score snapshots

Fact-family notes

  1. Quarterly statement note. Source series as of 2026-06-30. USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow. Applies to Fact IDs: fin.q_table.depth.2026-06-30.revenue_k, fin.q_table.depth.2026-06-30.rd_k, fin.q_table.depth.2026-06-30.sga_k, fin.q_table.depth.2026-06-30.operating_result_k, fin.q_table.depth.2026-03-31.revenue_k, fin.q_table.depth.2026-03-31.rd_k, fin.q_table.depth.2026-03-31.sga_k, fin.q_table.depth.2026-03-31.operating_result_k, fin.q_table.depth.2025-12-31.revenue_k, fin.q_table.depth.2025-12-31.rd_k, fin.q_table.depth.2025-12-31.sga_k, fin.q_table.depth.2025-12-31.operating_result_k, fin.q_table.depth.2025-09-30.revenue_k, fin.q_table.depth.2025-09-30.rd_k, fin.q_table.depth.2025-09-30.sga_k, fin.q_table.depth.2025-09-30.operating_result_k.
  2. Earnings-history note. Source series as of 2026-08-06. Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined. Applies to Fact IDs: earn.history.depth.2026-08-06.revenue_actual, earn.history.depth.2026-08-06.revenue_estimated, earn.history.depth.2026-08-06.revenue_actual.comparison, earn.history.depth.2026-08-06.eps_actual.comparison, earn.history.depth.2026-08-06.eps_actual, earn.history.depth.2026-08-06.eps_estimated, earn.history.depth.2026-05-07.revenue_actual, earn.history.depth.2026-05-07.revenue_estimated, earn.history.depth.2026-05-07.eps_actual, earn.history.depth.2026-05-07.eps_estimated, earn.history.depth.2026-02-10.revenue_actual, earn.history.depth.2026-02-10.revenue_estimated, earn.history.depth.2026-02-10.eps_actual, earn.history.depth.2026-02-10.eps_estimated, earn.history.depth.2025-10-30.revenue_actual, earn.history.depth.2025-10-30.revenue_estimated, earn.history.depth.2025-10-30.eps_actual, earn.history.depth.2025-10-30.eps_estimated.
  3. Cash-flow note. Source series as of 2026-06-30. USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway. Applies to Fact IDs: fin.opcf.depth.2026-06-30.operating_cash_flow_m, fin.opcf.depth.2026-03-31.operating_cash_flow_m, fin.opcf.depth.2026-06-30.capex_m, fin.opcf.depth.2026-03-31.capex_m, fin.opcf.depth.2025-12-31.operating_cash_flow_m, fin.opcf.depth.2025-12-31.capex_m, fin.opcf.depth.2025-09-30.operating_cash_flow_m, fin.opcf.depth.2025-09-30.capex_m.
Published
Research standards
Methodology · Editorial policy · Corrections

Sources used for research written 2026-09-12

Historical evidence preserved with this analysis. Current figures are listed separately above.

EvidenceCaptured valueSource dateSource typeSource
Legal name
Cloudflare, Inc.
2026-02-26OFFICIALSEC EDGAR — 10-K filed 2026-02-26
Business description
Cloudflare, Inc. functions as a global provider of cloud-based services. The company delivers a comprehensive, integrated cloud security platform designed to safeguard a diverse array of digital environments, encompassing public and private clouds, on-premises infrastructure, Software-as-a-Service (SaaS) applications, and Internet of Things (IoT) devices. Its security portfolio features tools such as cloud firewalls, bot mitigation, distributed denial-of-service (DDoS) protection, IoT security, SSL/TLS encryption, secure origin connections, and rate limiting capabilities. Beyond security, Cloudflare also boosts online performance through services like content delivery networks (CDNs), intelligent routing, and various content, mobile, and image optimization tools. For enhanced reliability and availability, it provides solutions such as load balancing, its proprietary Anycast network, a virtual backbone, DNS services, DNS resolvers, and virtual waiting rooms. Furthermore, the company offers internal infrastructure tools, including "on-ramps" that facilitate seamless connections for users, devices, or locations to its expansive network, alongside "filters" engineered for data protection, inspection, and access management. Developer-centric solutions encompass serverless computing, programmable networks, website creation, domain registration, a suite of Cloudflare applications, advanced analytics, and data localization management. For individual consumers, Cloudflare provides a DNS Resolver application to improve internet browsing and a Consumer VPN to secure and speed up mobile device traffic. Its clientele spans a broad spectrum of industries, including technology, healthcare, financial services, consumer and retail, non-profit organizations, and government agencies. Established in 2009, Cloudflare, Inc. is headquartered in San Francisco, California.
2026-09-12FMPFinancial Modeling Prep (FMP) company profile
Sector / industry (provider taxonomy)
Technology / Software - Infrastructure

The company's SEC filings classify it under SIC 7372 — Services-Prepackaged Software.

2026-09-12FMPFinancial Modeling Prep (FMP) company profile
Quarterly income statement (USD thousands)
Captured record · 8 entries
  • Quarter ended 2026-06-30 — EPS: -$0.48 per share, R&D: $159.49M, SG&A: $395.03M, EPS basic: -$0.48 per share, EPS basis: diluted, Revenue: $696.06M, EPS diluted: -$0.48 per share, Net result: -$169.98M, Gross profit: $499.52M, Operating result: -$205.70M
  • Quarter ended 2026-03-31 — EPS: -$0.065 per share, R&D: $150.97M, SG&A: $366.62M, EPS basic: -$0.065 per share, EPS basis: diluted, Revenue: $639.75M, EPS diluted: -$0.065 per share, Net result: -$22.93M, Gross profit: $455.60M, Operating result: -$61.99M
  • Quarter ended 2025-12-31 — EPS: -$0.0344 per share, R&D: $141.89M, SG&A: $359.90M, EPS basic: -$0.0344 per share, EPS basis: diluted, Revenue: $614.51M, EPS diluted: -$0.0344 per share, Net result: -$12.08M, Gross profit: $452.55M, Operating result: -$49.23M
  • Quarter ended 2025-09-30 — EPS: -$0.0037 per share, R&D: $120.96M, SG&A: $332.21M, EPS basic: -$0.0037 per share, EPS basis: diluted, Revenue: $562.03M, EPS diluted: -$0.0037 per share, Net result: -$1.29M, Gross profit: $415.71M, Operating result: -$37.46M
  • Quarter ended 2025-06-30 — EPS: -$0.1452 per share, R&D: $134.56M, SG&A: $316.35M, EPS basic: -$0.1452 per share, EPS basis: diluted, Revenue: $512.32M, EPS diluted: -$0.1452 per share, Net result: -$50.45M, Gross profit: $383.64M, Operating result: -$67.26M
  • Quarter ended 2025-03-31 — EPS: -$0.11 per share, R&D: $115.09M, SG&A: $301.67M, EPS basic: -$0.11 per share, EPS basis: diluted, Revenue: $479.09M, EPS diluted: -$0.11 per share, Net result: -$38.45M, Gross profit: $363.51M, Operating result: -$53.25M
  • Quarter ended 2024-12-31 — EPS: -$0.0373 per share, R&D: $120.21M, SG&A: $265.77M, EPS basic: -$0.0373 per share, EPS basis: diluted, Revenue: $459.95M, EPS diluted: -$0.0373 per share, Net result: -$12.85M, Gross profit: $351.26M, Operating result: -$34.72M
  • Quarter ended 2024-09-30 — EPS: -$0.0448 per share, R&D: $110.91M, SG&A: $254.00M, EPS basic: -$0.0448 per share, EPS basis: diluted, Revenue: $430.08M, EPS diluted: -$0.0448 per share, Net result: -$15.33M, Gross profit: $334.12M, Operating result: -$30.79M
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements
Operating cash flow by quarter (USD millions)
Captured record · 8 entries
  • Quarter ended 2026-06-30 — Capital expenditure: -$61.18M, Operating cash flow: $117.56M
  • Quarter ended 2026-03-31 — Capital expenditure: -$74.26M, Operating cash flow: $158.33M
  • Quarter ended 2025-12-31 — Capital expenditure: -$98.48M, Operating cash flow: $254.17M
  • Quarter ended 2025-09-30 — Capital expenditure: -$84.64M, Operating cash flow: $167.12M
  • Quarter ended 2025-06-30 — Capital expenditure: -$66.52M, Operating cash flow: $99.80M
  • Quarter ended 2025-03-31 — Capital expenditure: -$92.92M, Operating cash flow: $145.78M
  • Quarter ended 2024-12-31 — Capital expenditure: -$79.55M, Operating cash flow: $127.31M
  • Quarter ended 2024-09-30 — Capital expenditure: -$59.45M, Operating cash flow: $104.73M
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements
Revenue by segment
Reportable Segment: $2.17B
2025-12-31FMPFinancial Modeling Prep (FMP) revenue segmentation, from the company's 10-K
Annual revenue and net result (USD millions)
Captured record · 5 entries
  • FY2025 — R&D: $512.49M, Revenue: $2.17B, Period end: 2025-12-31, Net result: -$102.27M
  • FY2024 — R&D: $421.37M, Revenue: $1.67B, Period end: 2024-12-31, Net result: -$78.80M
  • FY2023 — R&D: $358.14M, Revenue: $1.30B, Period end: 2023-12-31, Net result: -$183.95M
  • FY2022 — R&D: $298.30M, Revenue: $975.24M, Period end: 2022-12-31, Net result: -$193.38M
  • FY2021 — R&D: $189.41M, Revenue: $656.43M, Period end: 2021-12-31, Net result: -$260.31M
2025-12-31FMPFinancial Modeling Prep (FMP), from the company's 10-K income statements
Reported versus estimated, last 8 quarters
Captured record · 8 entries
  • Reported 2026-08-06 — EPS actual: $0.29 per share, EPS estimated: $0.2684 per share, Revenue actual: $696.06M, Revenue estimated: $664.67M
  • Reported 2026-05-07 — EPS actual: $0.25 per share, EPS estimated: $0.2306 per share, Revenue actual: $639.75M, Revenue estimated: $620.83M
  • Reported 2026-02-10 — EPS actual: $0.28 per share, EPS estimated: $0.2713 per share, Revenue actual: $614.51M, Revenue estimated: $591.34M
  • Reported 2025-10-30 — EPS actual: $0.27 per share, EPS estimated: $0.2301 per share, Revenue actual: $562.03M, Revenue estimated: $544.65M
  • Reported 2025-07-31 — EPS actual: $0.21 per share, EPS estimated: $0.1834 per share, Revenue actual: $512.32M, Revenue estimated: $501.27M
  • Reported 2025-05-08 — EPS actual: $0.16 per share, EPS estimated: $0.1637 per share, Revenue actual: $479.09M, Revenue estimated: $469.28M
  • Reported 2025-02-06 — EPS actual: $0.19 per share, EPS estimated: $0.18 per share, Revenue actual: $459.95M, Revenue estimated: $452.05M
  • Reported 2024-11-07 — EPS actual: $0.2 per share, EPS estimated: $0.1794 per share, Revenue actual: $430.08M, Revenue estimated: $424.14M
2026-08-06FMPFinancial Modeling Prep (FMP) earnings
Management outlook — dated call excerpts
Captured record · 4 entries
  • Call of 2026-08-06 — Quote: As a reminder, there can be some variability in this metric quarter-to-quarter, and we expect network CapEx to be 14% to 15% of revenue for full year 2026., Speaker: Thomas Seifert
  • Call of 2026-08-06 — Quote: For the full year 2026, we expect revenue in the range of $2.864 billion to $2.870 billion, representing an increase of 32% year-over-year., Speaker: Thomas Seifert
  • Call of 2026-08-06 — Quote: For full year 2026, we now expect severance and other restructuring charges of up to $165 million with up to $130 million expected to be cash related., Speaker: Thomas Seifert
  • Call of 2026-08-06 — Quote: For the third quarter, we expect revenue in the range of $736 million to $737 million, representing an increase of 31% year-over-year. We expect operating income in the range of $129 million to $130 million., Speaker: Thomas Seifert

Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording.

2026-08-06OFFICIALCompany earnings call, transcript via Financial Modeling Prep (FMP)
Cash, investments and debt
Total debt: $3.53B; Liquidity basis: cash and short-term investments; Total liabilities: $4.85B; Cash and short-term investments: $4.16B; Cash and investments: $4.16B; Long-term investments: $0; Long-term investments classification: unclassified

Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.

2026-06-30FMPFinancial Modeling Prep (FMP), from the company's balance sheet
Cash and investment components
Total basis: cash short and long-term investments; Total: $4.16B; Cash and short-term investments: $4.16B; Long-term investments: $0; Long-term investments classification: unclassified

Sums the balance sheet's cash and short-term investments with its long-term investments.; The long-term investment field does not establish marketability; the sum is not a measure of available liquidity.; These provider fields do not establish investment access restrictions or explain differences from third-party cash figures.

2026-06-30COMPUTEDComputed from the balance sheet
Cash and short-term investments over time (USD millions)
Captured record · 8 entries
  • 2026-06-30 — Amount: $4.16B, Cash basis: cash and short-term investments
  • 2026-03-31 — Amount: $4.17B, Cash basis: cash and short-term investments
  • 2025-12-31 — Amount: $4.10B, Cash basis: cash and short-term investments
  • 2025-09-30 — Amount: $4.04B, Cash basis: cash and short-term investments
  • 2025-06-30 — Amount: $3.96B, Cash basis: cash and short-term investments
  • 2025-03-31 — Amount: $1.91B, Cash basis: cash and short-term investments
  • 2024-12-31 — Amount: $1.86B, Cash basis: cash and short-term investments
  • 2024-09-30 — Amount: $1.82B, Cash basis: cash and short-term investments
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's quarterly balance sheets
Cash against market value
As of: 2026-06-30; Cash basis: cash and short-term investments; Net cash: $633.40M; Total debt: $3.53B; Cash and investments: $4.16B

Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. Cash is the latest reported cash and short-term investment balance; long-term investments are excluded. Market capitalization is the latest provider value.; The reported balance does not establish unrestricted availability or liquidation value.; The two are measured on different dates — the balance sheet is a quarter-end, the market cap is a recent close.; Debt is total debt as reported, including operating lease liabilities where the filer includes them.

2026-06-30COMPUTEDComputed from the balance sheet and the latest market capitalization
Trailing twelve-month ratio set
Quick ratio: 1.82; Current ratio: 1.82; Debt to equity: 2.18; Net margin: -8.2%; Gross margin: 72.6%; Operating margin: -14.1%; Return on assets: -3.2%; Return on equity: -13.9%

Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. A ratio our provider could not compute is absent rather than shown as zero.

2026-09-12FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm
Next earnings report
Date: 2026-10-29; EPS estimate: $0.34 per share; Revenue estimate: $736.78M

The date is our provider's estimate until the company confirms it.

2026-09-12FMPFinancial Modeling Prep (FMP) earnings calendar
Analyst revenue and earnings estimates (average)
Captured record · 4 entries
  • FY2027 — EPS average: $1.67 per share, Revenue average: $3.68B, Revenue low: $3.52B, Revenue high: $3.86B, Analysts (revenue): 25
  • FY2028 — EPS average: $2.26 per share, Revenue average: $4.68B, Revenue low: $4.29B, Revenue high: $5.16B, Analysts (revenue): 19
  • FY2029 — EPS average: $3.36 per share, Revenue average: $5.70B, Revenue low: $5.48B, Revenue high: $6.05B, Analysts (revenue): 9
  • FY2030 — EPS average: $4.31 per share, Revenue average: $6.99B, Revenue low: $6.73B, Revenue high: $7.43B, Analysts (revenue): 15
2026-09-12FMPFinancial Modeling Prep (FMP) analyst estimates
Most recent periodic reports2026-08-06OFFICIALSEC EDGAR filer submissions
Data Sources & Methodology
Figures come from Financial Modeling Prep (FMP). If FMP has no figure for a ticker, a price or fundamental may come from a Yahoo Finance fallback, or a price from an Alpaca fallback. SEC EDGAR is used only for filing links and company identity details (legal name, address), never for figures. AI analysis by Stock Expert AI proprietary algorithms. Technical indicators via industry-standard calculations. Last updated: .
Data Provenance
Sources: Financial Modeling Prep (FMP) — Primary · Yahoo Finance — Fallback · Alpaca — Tertiary
Last fetched:
Cache TTL: Quote 5min · Profile 7d · Financials 7d · Insider 48h
How we use AI: Numbers are pulled directly from FMP & Yahoo Finance — our AI writes the analysis, it never edits the figures.
Data provided as-is for educational purposes. Not financial advice. Methodology

Data provided for informational purposes only.

ETFs that hold NET

Funds in our ETF coverage that list NET among the top 10 holdings on their fund page, largest weight first. Each weight is the fund's reported holding weight as of the date in its row.

ETFWeightHoldings as of
American Century Mid Cap Growth Impact ETF (MID)6.18%
iShares Virtual Work and Life Multisector ETF (IWFH)2.19%
iShares Russell Mid-Cap Growth ETF (IWP)1.82%