Cloudflare trades at 33.2x EV/NTM revenue on a $105.1B enterprise value. Revenue grew 35.9% year over year to $696.1M in the quarter ending June 2026, an annual run rate of $2.78B. Cloudflare reports net dollar retention of 120%, a 71.8% gross margin, and 21.8-month CAC payback.
| Annual Run Rate ($) | Revenue Growth | Gross Margin | Net Dollar Retention | LTM CAC Payback Period (months) | Rule of 40 (LTM FCF) | |
|---|---|---|---|---|---|---|
|
Best-in-class
90th Percentile |
12,008.0 |
74% |
84% |
129% |
10.23 |
92% |
|
Great
75th Percentile |
4,485.0 |
48% |
76% |
125% |
14.1 |
66% |
|
Average
50th Percentile |
✓
1,709.0 |
37% |
✓
69% |
✓
119% |
✓
24.24 |
56% |
|
Below Average
25th Percentile |
851.0 |
✓
33% |
64% |
114% |
28.86 |
✓
46% |
|
✓
Cloudflare |
2,784 |
36% |
72% |
120% |
21.76 |
48% |
How fast is Cloudflare growing?
Cloudflare grew revenue 35.9% year over year, reaching $696.1M in the quarter ending June 2026.
What multiple does Cloudflare trade at?
Cloudflare trades at 33.2x EV/NTM revenue and 37.8x EV/run-rate, on an enterprise value of $105.1B.
Is Cloudflare profitable?
For Cloudflare, operating income was -$205.7M last quarter and LTM free cash flow margin is 12.5%.
What is Cloudflare's net dollar retention?
Cloudflare reports net dollar retention of 120%, measuring revenue expansion within its existing customer base.
How long does it take Cloudflare to pay back CAC?
Cloudflare recovers customer acquisition cost in about 21.8 months.
What sector is Cloudflare in?
Public Comps classifies Cloudflare under Infrastructure Software, Security, CDN, Cybersecurity, PLG, B2B SaaS, Cloud-based Software, and High Growth SaaS.
Where does Public Comps get Cloudflare's data?
Figures come from Cloudflare's own SEC filings, normalised into a consistent quarterly format and refreshed after each earnings release.