Cloudflare, Inc. (NET) Balance sheet

Market cap

$71B

P/E ratio

	2019/12	2020/12	2021/12	2022/12	2023/12	2024/12	2025/12
Cash and cash equivalents	146	118	321	215	91	154	954
Total cash & short-term investments	146	118	321	215	91	154	954
Accounts receivable, net	34	63	96	149	248	317	382
Total current assets	690	1,130	1,956	1,888	1,983	2,269	4,645
Property, plant and equipment, net	101	124	184	287	323	467	619
Total assets	831	1,381	2,372	2,588	2,760	3,301	6,036
Accounts payable	11	14	26	36	54	106	84
Total current liabilities	84	141	289	398	567	794	2,351
Total liabilities	105	564	1,556	1,964	1,997	2,255	4,577
Retained earnings	-302	-421	-681	-840	-1,024	-1,103	-1,205
Stockholders' equity	726	817	811	624	763	1,046	1,459