| > Cloudflare is an outlier because the company doesn't actually make money at present; their past three annual statements show net losses in the tens to hundreds of millions of dollars. Their free cashflow is high; they're choosing not to report a profit. I don't think it's useful/accurate to say they don't make money. Don't get me wrong, they may be doing a layoff to boost margins or enter GAAP profitability but the company revenue exceeds its operating cost by quite a bit. See in their latest quarterly report: https://cloudflare.net/news/news-details/2026/Cloudflare-Ann... > First quarter revenue totaled $639.8 million, representing an increase of 34% year-over-year So they're growing 34% annually. > Free cash flow was $84.1 million, or 13% of revenue, compared to $52.9 million, or 11% of revenue, in the first quarter of 2025.
Cash, cash equivalents, and available-for-sale securities were $4,163.9 million as of March 31, 2026. ...and they have $84 million free cash flow in one quarter, and it's consistently pretty good cashflow. And they have $4b of cash or cash equivalents stockpiled. It seems pretty healthy to me. |