Cloudflare Inc (NET) - Net Assets
Based on the latest financial reports, Cloudflare Inc (NET) has net assets worth $1.35 Billion USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.79 Billion) and total liabilities ($4.44 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check NET asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.35 Billion |
| % of Total Assets | 23.28% |
| Annual Growth Rate | N/A |
| 5-Year Change | 28.06% |
| 10-Year Change | N/A |
| Growth Volatility | 20.58 |
Cloudflare Inc - Net Assets Trend (2017–2024)
This chart illustrates how Cloudflare Inc's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Cloudflare Inc for the complete picture of this company's asset base.
Annual Net Assets for Cloudflare Inc (2017–2024)
The table below shows the annual net assets of Cloudflare Inc from 2017 to 2024. For live valuation and market cap data, see Cloudflare Inc market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.05 Billion | +37.11% |
| 2023-12-31 | $763.05 Million | +22.29% |
| 2022-12-31 | $623.96 Million | -23.51% |
| 2021-12-31 | $815.80 Million | -0.14% |
| 2020-12-31 | $816.94 Million | +12.55% |
| 2019-12-31 | $725.83 Million | +739.47% |
| 2018-12-31 | $-113.50 Million | -89.70% |
| 2017-12-31 | $-59.83 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Cloudflare Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 99392600000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $344.00K | 0.03% |
| Other Comprehensive Income | $-4.25 Million | -0.41% |
| Other Components | $2.15 Billion | 205.77% |
| Total Equity | $1.05 Billion | 100.00% |
Cloudflare Inc Competitors by Market Cap
The table below lists competitors of Cloudflare Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kinder Morgan Inc
NYSE:KMI
|
$68.95 Billion |
|
Ross Stores Inc
NASDAQ:ROST
|
$69.00 Billion |
|
DoorDash, Inc. Class A Common Stock
NASDAQ:DASH
|
$69.45 Billion |
|
Münchener Rück AG
XETRA:MUV2
|
$70.09 Billion |
|
China Telecom Corp Ltd
SHG:601728
|
$68.50 Billion |
|
Barclays PLC
F:BCY2
|
$68.42 Billion |
|
TC Energy Corp
TO:TRP
|
$68.30 Billion |
|
Vale S.A.
SA:VALE3
|
$68.00 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cloudflare Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 763,047,000 to 1,046,201,000, a change of 283,154,000 (37.1%).
- Net loss of 78,800,000 reduced equity.
- Share repurchases of 19,796,000 reduced equity.
- Other comprehensive income decreased equity by 6,237,000.
- Other factors increased equity by 387,987,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-78.80 Million | -7.53% |
| Share Repurchases | $19.80 Million | -1.89% |
| Other Comprehensive Income | $-6.24 Million | -0.6% |
| Other Changes | $387.99 Million | +37.09% |
| Total Change | $- | 37.11% |
Book Value vs Market Value Analysis
This analysis compares Cloudflare Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 70.98x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $-0.24 | $217.50 | x |
| 2018-12-31 | $-0.48 | $217.50 | x |
| 2019-12-31 | $2.42 | $217.50 | x |
| 2020-12-31 | $2.73 | $217.50 | x |
| 2021-12-31 | $2.61 | $217.50 | x |
| 2022-12-31 | $1.91 | $217.50 | x |
| 2023-12-31 | $2.29 | $217.50 | x |
| 2024-12-31 | $3.06 | $217.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cloudflare Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -7.53%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4.72%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 3.16x
- Recent ROE (-7.53%) is above the historical average (-15.47%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 0.00% | -7.97% | 0.83x | 0.00x | $-4.76 Million |
| 2018 | 0.00% | -45.24% | 0.65x | 0.00x | $-75.81 Million |
| 2019 | -14.58% | -36.87% | 0.35x | 1.14x | $-178.41 Million |
| 2020 | -14.61% | -27.69% | 0.31x | 1.69x | $-201.06 Million |
| 2021 | -31.91% | -39.66% | 0.28x | 2.91x | $-341.89 Million |
| 2022 | -30.99% | -19.83% | 0.38x | 4.15x | $-255.78 Million |
| 2023 | -24.11% | -14.19% | 0.47x | 3.62x | $-260.25 Million |
| 2024 | -7.53% | -4.72% | 0.51x | 3.16x | $-183.42 Million |
Industry Comparison
This section compares Cloudflare Inc's net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $527,355,826
- Average return on equity (ROE) among peers: -32.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cloudflare Inc (NET) | $1.35 Billion | 0.00% | 3.30x | $68.57 Billion |
| ACI Worldwide Inc (ACIW) | $267.21 Million | 20.72% | 1.00x | $4.34 Billion |
| Aeva Technologies, Inc. Common Stock (AEVA) | $26.91 Million | -95.01% | 0.21x | $821.47 Million |
| Aeva Technologies, Inc. Common Stock (AEVA) | $456.38 Million | -22.24% | 0.05x | $906.22 Million |
| Axe Compute Inc. (AGPU) | $-2.19 Million | 0.00% | 0.00x | $24.93 Million |
| C3 Ai Inc (AI) | $1.06 Billion | -5.25% | 0.13x | $1.26 Billion |
| iLearningEngines, Inc. (AILE) | $264.32 Million | 0.95% | 0.09x | $59.29 Million |
| PowerFleet, Inc. (AIOT) | $13.57 Million | 2.93% | 0.26x | $437.32 Million |
| Airship AI Holdings Inc (AISP) | $-8.36 Million | 0.00% | 0.00x | $83.39 Million |
| AIxCrypto Holdings, Inc. (AIXC) | $2.68 Million | -233.64% | 0.75x | $5.68 Million |
| Akamai Technologies Inc (AKAM) | $3.19 Billion | 9.35% | 0.71x | $15.05 Billion |
About Cloudflare Inc
Cloudflare, Inc. operates as a cloud services provider that delivers a range of services to businesses worldwide. The company provides an integrated cloud-based security solution to secure a range of combination of platforms, including public cloud, private cloud, on-premises, software-as-a-service applications, and Internet of things (IoT) devices; and website and application security products c… Read more