Cloudflare, Inc. (NET) Free cash flow
- Free cash flow · 12 months (USD): Value $348.40M; Formula and calculation Operating cash flow minus capital spending; distinct from the saved levered FCF quote figure. Period ending 2026-06-30..
- Price / free cash flow · 12 months: Value (m); Formula and calculation Market cap / trailing-year free cash flow; inverse of FCF yield before percent scaling. Period ending 2026-06-30..
- Free cash flow yield · 12 months: Value (m); Formula and calculation (Operating cash flow − capital spending) / current market cap. Period ending 2026-06-30..
- Free cash flow margin · 12 months: Value 13.87%; Formula and calculation (Operating cash flow − capital spending) / revenue. Period ending 2026-06-30..
Free cash flow
Overview →Financial period ending 2026-06-30; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| Free cash flow · 12 months (USD) | $348.40M | Operating cash flow minus capital spending; distinct from the saved levered FCF quote figure. Period ending 2026-06-30. $633.43M − $285.02M ≈ $348.40M |
| Price / free cash flow · 12 months | (m) | Market cap / trailing-year free cash flow; inverse of FCF yield before percent scaling. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Free cash flow yield · 12 months | (m) | (Operating cash flow − capital spending) / current market cap. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Free cash flow margin · 12 months | 13.87% | (Operating cash flow − capital spending) / revenue. Period ending 2026-06-30. $348.40M ÷ $2.51B × 100 ≈ 13.87% |
| Free cash flow per share · 12 months | (m) | (Trailing-year operating cash flow − capital spending) / reported quarter-end common shares. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Operating cash flow · 12 months | $633.43M | Cash generated by operating activities. Period ending 2026-06-30. |
| Operating cash flow / net income · 12 months | -3.07× | Operating cash flow / net income. Period ending 2026-06-30. $633.43M ÷ $-206.28M ≈ -3.07× |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Operating cash flow | 633.43M USD | Net Cash Provided by (Used in) Operating Activities |
| Capital spending | 285.02M USD | Payments to Acquire Property, Plant, and Equipment |
| Market cap | (m) | |
| Free cash flow | 348.40M USD | Net Cash Provided by (Used in) Operating Activities · Payments to Acquire Property, Plant, and Equipment |
| Revenue | 2.51B USD | Revenue from Contract with Customer, Excluding Assessed Tax |
| Quarter-end shares | (m) | |
| Net income | -206.28M USD | Net Income (Loss) Attributable to Parent |
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Free cash flow | FCF per share | Operating cash flow | Capital spending (USD) | Market cap (USD) | Revenue (USD) | Quarter-end shares (shares) | Net income (USD) | Price / FCF | FCF yield | FCF margin | Cash conversion |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | $348.40M | (m) | $633.43M | $285.02M | (m) | $2.51B | (m) | $-206.28M | (m) | (m) | 13.87% | -3.07× |
| 2026-03-31 | $320.70M | (m) | $615.66M | $294.96M | (m) | $2.33B | (m) | $-86.74M | (m) | (m) | 13.77% | -7.10× |
| 2025-12-31 | $287.50M | (m) | $603.11M | $315.62M | (m) | $2.17B | (m) | $-102.27M | (m) | (m) | 13.26% | -5.90× |
| 2025-09-30 | $236.43M | (m) | $540.01M | $303.58M | (m) | $2.01B | (m) | $-103.04M | (m) | (m) | 11.74% | -5.24× |
| 2025-06-30 | $208.47M | (m) | $477.62M | $269.14M | (m) | $1.88B | (m) | $-117.08M | (m) | (m) | 11.08% | -4.08× |
| 2025-03-31 | $213.76M | (m) | $452.63M | $238.87M | (m) | $1.77B | (m) | $-81.71M | (m) | (m) | 12.08% | -5.54× |
| 2024-12-31 | $195.39M | (m) | $380.43M | $185.04M | (m) | $1.67B | (m) | $-78.80M | (m) | (m) | 11.70% | -4.83× |
| 2024-09-30 | $195.86M | (m) | $338.56M | $142.70M | (m) | $1.57B | (m) | $-93.82M | (m) | (m) | 12.46% | -3.61× |
| 2024-06-30 | $182.15M | (m) | $301.94M | $119.79M | (m) | $1.48B | (m) | $-102.02M | (m) | (m) | 12.33% | -2.96× |
| 2024-03-31 | $162.66M | (m) | $291.57M | $128.91M | (m) | $1.39B | (m) | $-181.41M | (m) | (m) | 11.74% | -1.61× |
| 2023-12-31 | $140.01M | (m) | $254.41M | $114.40M | (m) | $1.30B | (m) | $-183.95M | (m) | (m) | 10.80% | -1.38× |
| 2023-09-30 | $123.36M | (m) | $247.09M | $123.72M | (m) | $1.21B | (m) | $-202.00M | (m) | (m) | 10.20% | -1.22× |
| 2023-06-30 | $83.35M | (m) | $221.68M | $138.33M | (m) | $1.13B | (m) | $-221.01M | (m) | (m) | 7.39% | -1.00× |
| 2023-03-31 | $58.81M | (m) | $195.48M | $136.67M | (m) | $1.05B | (m) | $-190.08M | (m) | (m) | 5.58% | -1.03× |
| 2022-12-31 | $-20.01M | (m) | $123.59M | $143.61M | (m) | $975.24M | (m) | $-193.38M | (m) | (m) | -2.05% | -0.64× |
| 2022-09-30 | $-45.71M | (m) | $86.09M | $131.79M | (m) | $894.14M | (m) | $-224.97M | (m) | (m) | -5.11% | -0.38× |
| 2022-06-30 | $-82.23M | (m) | $36.48M | $118.71M | (m) | $812.63M | (m) | $-289.75M | (m) | (m) | -10.12% | -0.13× |
| 2022-03-31 | $-89.51M | (m) | $5.69M | $95.20M | (m) | $730.54M | (m) | $-261.73M | (m) | (m) | -12.25% | -0.02× |
| 2021-12-31 | $-28.34M | (m) | $64.65M | $92.99M | (m) | $656.43M | (m) | $-260.31M | (m) | (m) | -4.32% | -0.25× |
| 2021-09-30 | $-59.85M | (m) | $15.22M | $75.06M | (m) | $588.76M | (m) | $-216.83M | (m) | (m) | -10.16% | -0.07× |
| 2021-06-30 | $-37.50M | (m) | $24.11M | $61.61M | (m) | $530.57M | (m) | $-135.96M | (m) | (m) | -7.07% | -0.18× |
| 2021-03-31 | $-46.60M | (m) | $20.64M | $67.24M | (m) | $477.86M | (m) | $-126.59M | (m) | (m) | -9.75% | -0.16× |
| 2020-12-31 | $-73.50M | (m) | $-17.13M | $56.38M | (m) | $431.06M | (m) | $-119.37M | (m) | (m) | -17.05% | 0.14× |
| 2020-09-30 | $-75.16M | (m) | $-16.89M | $58.27M | (m) | $389.06M | (m) | $-113.50M | (m) | (m) | -19.32% | 0.15× |
| 2020-06-30 | $-91.55M | (m) | $-36.65M | $54.90M | (m) | $348.84M | (m) | $-127.89M | (m) | (m) | -26.24% | 0.29× |
| 2020-03-31 | $-89.16M | (m) | $-43.50M | $45.66M | (m) | $316.55M | (m) | $-121.46M | (m) | (m) | -28.17% | 0.36× |
| 2019-12-31 | $-82.21M | (m) | $-38.92M | $43.29M | (m) | $287.02M | (m) | $-105.83M | (m) | (m) | -28.64% | 0.37× |
| 2019-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2019-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2019-03-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2018-12-31 | $-68.75M | (m) | $-43.28M | $25.47M | (m) | $192.67M | (m) | $-87.16M | (m) | (m) | -35.68% | 0.50× |
| 2018-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2017-12-31 | $-15.86M | (m) | $3.17M | $19.03M | (m) | $134.91M | (m) | $-10.75M | (m) | (m) | -11.76% | -0.29× |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.