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Cloudflare is a software company based in San Francisco, California, that offers security and web performance offerings by utilizing a distributed, serverless content delivery network, or CDN. The firm’s edge computing platform, Workers, leverages this network by providing clients the ability to deploy, and execute code without maintaining servers.
2009
4.3K+
LTM Revenue $1.8B
LTM EBITDA $371M
$39.7B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Cloudflare has a last 12-month revenue of $1.8B and a last 12-month EBITDA of $371M.
In the most recent fiscal year, Cloudflare achieved revenue of $1.7B and an EBITDA of $62.0M.
Cloudflare expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Cloudflare valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.7B | XXX | XXX | XXX |
| Gross Profit | $743M | $990M | XXX | XXX | XXX |
| Gross Margin | 57% | 59% | XXX | XXX | XXX |
| EBITDA | -$36.2M | $62.0M | XXX | XXX | XXX |
| EBITDA Margin | -3% | 4% | XXX | XXX | XXX |
| Net Profit | -$193M | -$184M | XXX | XXX | XXX |
| Net Margin | -15% | -11% | XXX | XXX | XXX |
| Net Debt | $1.2B | $1.2B | XXX | XXX | XXX |
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As of March 14, 2025, Cloudflare's stock price is $116.
Cloudflare has current market cap of $40.1B, and EV of $39.7B.
See Cloudflare trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $39.7B | $40.1B | XXX | XXX | XXX | XXX | $0.76 |
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Sign UpAs of March 14, 2025, Cloudflare has market cap of $40.1B and EV of $39.7B.
Cloudflare's trades at 22.6x LTM EV/Revenue multiple, and 107.1x LTM EBITDA.
Analysts estimate Cloudflare's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Cloudflare and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $39.7B | XXX | XXX | XXX |
| EV/Revenue | 23.8x | XXX | XXX | XXX |
| EV/EBITDA | 639.6x | XXX | XXX | XXX |
| P/E | -508.6x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | 237.8x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpCloudflare's NTM/LTM revenue growth is 26%
Cloudflare's revenue per employee for the last fiscal year averaged $0.4M, while opex per employee averaged $0.3M for the same period.
Over next 12 months, Cloudflare's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Cloudflare's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Cloudflare and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 29% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 4% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -272% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 29% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.4M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.3M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 45% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 17% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 25% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 87% | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| archTIS | XXX | XXX | XXX | XXX | XXX | XXX |
| FirstWave | XXX | XXX | XXX | XXX | XXX | XXX |
| Prophecy International | XXX | XXX | XXX | XXX | XXX | XXX |
| Qoria | XXX | XXX | XXX | XXX | XXX | XXX |
| Quick Heal | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Cloudflare acquired XXX companies to date.
Last acquisition by Cloudflare was XXXXXXXX, XXXXX XXXXX XXXXXX . Cloudflare acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Cloudflare founded? | Cloudflare was founded in 2009. |
| Where is Cloudflare headquartered? | Cloudflare is headquartered in United States of America. |
| How many employees does Cloudflare have? | As of today, Cloudflare has 4.3K+ employees. |
| Who is the CEO of Cloudflare? | Cloudflare's CEO is Mr. Matthew Prince. |
| Is Cloudflare publicy listed? | Yes, Cloudflare is a public company listed on NYS. |
| What is the stock symbol of Cloudflare? | Cloudflare trades under NET ticker. |
| When did Cloudflare go public? | Cloudflare went public in 2019. |
| Who are competitors of Cloudflare? | Similar companies to Cloudflare include e.g. archTIS, FirstWave, Prophecy International, Qoria. |
| What is the current market cap of Cloudflare? | Cloudflare's current market cap is $40.1B |
| What is the current revenue of Cloudflare? | Cloudflare's last 12-month revenue is $1.8B. |
| What is the current EBITDA of Cloudflare? | Cloudflare's last 12-month EBITDA is $371M. |
| What is the current EV/Revenue multiple of Cloudflare? | Current revenue multiple of Cloudflare is 22.6x. |
| What is the current EV/EBITDA multiple of Cloudflare? | Current EBITDA multiple of Cloudflare is 107.1x. |
| What is the current revenue growth of Cloudflare? | Cloudflare revenue growth between 2023 and 2024 was 29%. |
| Is Cloudflare profitable? | Yes, Cloudflare is EBITDA-positive (as of the last 12 months). |
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