Pulling SEC filings + quote and writing the call…
NET
Cloudflare, Inc.
Next earnings Jul 29, 2026 (after close) · consensus $0.27 EPS, $672M rev
Last earnings +3.3% on 2026-05-07
$224.06
▼ -1.24%$224.06▲ +24.98%
over 1Y
L $160.19EODHDH $272.66
Earnings Dividend Split Congress buy Congress sellFilings colored by tone · hover for detail
Today-1.2%
1W-1.5%
1M+8.4%
3M+1.2%
YTD+14.3%
1Y+25.0%
Hold
Conviction
Horizon
Long (>12mo)
Street · 40 analysts
Buy
Durable ~30% growth and surging free cash flow, but still GAAP-unprofitable and priced for perfection — own it, don't chase.
Cloudflare is a high-quality compounder hiding behind GAAP losses. Revenue has marched from $656M (FY2021) to $2.17B (FY2025), with FY2025 up 29.8% YoY — five straight years of ~30%+ growth on a 74.5% gross margin (75% per the filing, though slipping from 77% in 2024). The MD&A frames the real story: this is a serverless network with low marginal cost to launch products, and customers are increasingly building AI-enhanced applications on top of it. Paying customers grew to 332,466 from 237,714 (+40%), and large customers spending >$100k annualized rose to 4,298 from 3,497 — the land-and-expand engine is intact and broadening, with revenue well-diversified geographically (US 49%, EMEA 28%, APAC 15%).
Sources: SEC EDGAR (CIK 0001477333, latest 10-Q filed 2026-05-08) · EODHD · analysis by claude-code · as of 6/21/2026, 3:17:03 PM.
Research and education only — not financial advice. Calls are generated from SEC filings and a delayed/third-party price feed, may be wrong or out of date, and are not a recommendation to buy or sell any security. Do your own research.