Cloudflare Inc - Class A risk profile

45 Elevated one input has moved against it

Measured 2 September 2026 from NET's filed statements. Recomputed nightly.

45 (Elevated), driven by Leverage and coverage at 87, over 5 weighted categories on the SOFTWARE profile.

What is measured

MechanismReadingBandDirectionDriver
Market expectation45ElevatedVolatileOne-year price volatility — 62.3%
Operating pressure29NormalWorseningCosts outgrowing revenue — +0.3 percentage points
Cash conversion31NormalStableCapital spending against operating cash — 0.52x
Leverage and coverage87AcuteStableNet debt to EBITDA
Competitive position46ElevatedStableOperating-margin gap against peers — -23.0 percentage points
ConcentrationReads identified supplier spend, customers above the 10% disclosure threshold and revenue by region. No reading is stored for this company.

These are descriptive readings of disclosed mechanisms, not investment advice, and not a prediction. A band says where a measured input sits, never what to do about it or what happens next.

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Financials, valuation and price history for Cloudflare Inc - Class A