Cloudflare Inc. (NET) Stock Falls on Q4 2025 Earnings

Cloudflare Inc. (NET) reported fourth-quarter 2025 results: revenue rose 33.6% year-over-year to $614.5 million, above the consensus estimate of $597.2 million. Diluted earnings per share were -$0.03, compared with an expected $0.27.

Gross profit: $452.6 million (up 28.8% year-over-year).

Operating loss: -$49.2 million (improved 41.8% year-over-year).

Net loss attributable to common shareholders: -$12.1 million (down 6.0% year-over-year).

Cash from operating activities: $190.4 million (up 49.6% year-over-year).

Cash and cash equivalents: $943.5 million (up 538.9% year-over-year).

Other notable items:

Cost of sales: $162.0 million (up 49.0% year-over-year).

Purchases of property, plant and equipment: -$85.2 million (up 16.5% year-over-year).

Total liabilities: $4.58 billion (up 103.0% year-over-year).

Shares moved 8.23% since market close.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Cloudflare Inc. Insider Trading Activity

Cloudflare Inc. insiders have traded $NET stock on the open market 362 times in the past 6 months. Of those trades, 0 have been purchases and 362 have been sales.

Here’s a breakdown of recent trading of $NET stock by insiders over the last 6 months:

MATTHEW PRINCE (CEO & Board Co-Chair) has made 0 purchases and 141 sales selling 942,912 shares for an estimated $193,563,995.
MICHELLE ZATLYN (President and Board Co-Chair) has made 0 purchases and 84 sales selling 480,455 shares for an estimated $97,326,956.
THOMAS J SEIFERT (Chief Financial Officer) has made 0 purchases and 47 sales selling 123,110 shares for an estimated $24,186,226.
CARL LEDBETTER has made 0 purchases and 23 sales selling 90,000 shares for an estimated $18,743,476.
DOUGLAS JAMES KRAMER (CHIEF LEGAL OFFICER) has made 0 purchases and 18 sales selling 30,000 shares for an estimated $6,200,153.
JOHN GRAHAM-CUMMING has made 0 purchases and 35 sales selling 17,775 shares for an estimated $3,799,868.
KATRIN SUDER has made 0 purchases and 2 sales selling 4,062 shares for an estimated $805,047.
MARK J HAWKINS has made 0 purchases and 5 sales selling 3,268 shares for an estimated $718,674.
JANEL RILEY (Chief Accounting Officer) has made 0 purchases and 7 sales selling 3,488 shares for an estimated $685,417.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

Cloudflare Inc. Hedge Fund Activity

We have seen 564 institutional investors add shares of Cloudflare Inc. stock to their portfolio, and 452 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

BAILLIE GIFFORD & CO removed 5,024,793 shares (-23.0%) from their portfolio in Q4 2025, for an estimated $990,637,939
PITCAIRN CO removed 4,132,606 shares (-99.9%) from their portfolio in Q3 2025, for an estimated $886,815,921
JPMORGAN CHASE & CO added 3,435,573 shares (+48.2%) to their portfolio in Q3 2025, for an estimated $737,239,610
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC added 2,125,006 shares (+74.8%) to their portfolio in Q3 2025, for an estimated $456,005,037
JENNISON ASSOCIATES LLC added 1,657,144 shares (+802.6%) to their portfolio in Q4 2025, for an estimated $326,705,939
BLACKROCK, INC. added 1,190,316 shares (+5.6%) to their portfolio in Q3 2025, for an estimated $255,429,910
SANDS CAPITAL MANAGEMENT, LLC removed 1,120,555 shares (-22.7%) from their portfolio in Q3 2025, for an estimated $240,459,897

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Cloudflare Inc. Government Contracts

We have seen $1,030,426 of award payments to $NET over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

GOV TOP LEVEL DOMAIN REGISTRY AND DNS SERVICE: $1,030,426

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.

Cloudflare Inc. Congressional Stock Trading

Members of Congress have traded $NET stock 4 times in the past 6 months. Of those trades, 3 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $NET stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 4 times. They made 3 purchases worth up to $45,000 on 11/18, 10/17, 09/12 and 1 sale worth up to $15,000 on 12/24.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

Cloudflare Inc. Analyst Ratings

Wall Street analysts have issued reports on $NET in the last several months. We have seen 8 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

BTIG issued a "Buy" rating on 02/04/2026
Mizuho issued a "Outperform" rating on 01/21/2026
Argus Research issued a "Buy" rating on 11/10/2025
Citigroup issued a "Buy" rating on 11/03/2025
Citizens issued a "Market Outperform" rating on 10/31/2025
Needham issued a "Buy" rating on 10/31/2025
Wells Fargo issued a "Overweight" rating on 10/31/2025

To track analyst ratings and price targets for Cloudflare Inc., check out Quiver Quantitative's $NET forecast page.

Cloudflare Inc. Price Targets

Multiple analysts have issued price targets for $NET recently. We have seen 17 analysts offer price targets for $NET in the last 6 months, with a median target of $260.0.

Here are some recent targets:

Gray Powell from BTIG set a target price of $199.0 on 02/04/2026
Gregg Moskowitz from Mizuho set a target price of $255.0 on 01/21/2026
Fatima Boolani from Citigroup set a target price of $260.0 on 01/16/2026
Roger Boyd from UBS set a target price of $210.0 on 01/13/2026
James Fish from Piper Sandler set a target price of $220.0 on 01/05/2026
Saket Kalia from Barclays set a target price of $235.0 on 12/02/2025
Joseph Bonner from Argus Research set a target price of $265.0 on 11/10/2025