Cloudflare Inc Class A (NET)

NET · Information Technology · United States

Cloudflare Inc Class A (NET) is a company in the Information Technology sector, based in United States. The stock is held in 17 ETFs we track – with its largest weight of 0.42 % in XUIT (msci-usa-it). Anyone holding one of these ETFs also owns a small indirect stake in Cloudflare Inc.

Above-average ETF coverage: 17 of the 95 ETFs we cover hold Cloudflare Inc, spread across 9 indices. That puts the stock in more ETFs than 78.1 % of the 4,334 stocks we cover.

Held in17 ETFs

Highest weight0.42 %

Indices9

SectorInformation Technology

CountryUnited States

ISINUS18915M1071

Data note 1

About Cloudflare Inc

Cloudflare runs a global network that sits between websites and their visitors. Customers use it to deliver web content faster, to block attacks such as DDoS floods and to secure access to company applications. Developers can also run code and store data directly on the network. Most revenue comes from subscriptions. Cloudflare was founded in 2009 and is based in San Francisco. Disclosure: Alysly itself is delivered through Cloudflare Pages.

Data note 2

Price chart

Data note 3

Performance

Performance
Year to date	+64.7 %	1 year	+48.1 %
1 month	+5.7 %	3 months	+43.1 %
Calendar year 2025	+83.1 %

52W

Data note 4

Measured in euros, Cloudflare Inc returned +67.7 % year to date and +51.5 % over one year. The gap to the dollar figures above comes from the exchange rate alone: each daily price is converted at the ECB euro reference rate for the same day.

Data note 5

Risk metrics

Max drawdown-45.0 %

Volatility p.a.57.2 %

Data note 6

Below peak-1.9 %

Beta to S&P 5001.56

Correlation to S&P 5000.31

The close on Sep 16, 2026 was 1.9 % below the highest close since Aug 12, 2024, reached on Aug 13, 2026. Over the last 252 trading days, on days when the S&P 500 rose or fell 1 %, Cloudflare Inc moved on average 1.56 % in the same direction. The correlation of 0.31 shows how reliable that average is: the broad market explained only a small share of the daily moves.

Data note 7

Correlated with

The strongest co-movers on top, the most inverse below. Low or negative values improve portfolio diversification.

Correlated with
Instrument	r	−1 … +1
Fortinet Inc.	+0.67
CrowdStrike Holdings Inc. Class A	+0.65
Datadog Inc. Class A	+0.65
Okta Inc. Class A	+0.65
MongoDB Inc. Class A	+0.64
Palo Alto Networks Inc.	+0.61
Procter & Gamble Company	-0.31
Consolidated Edison Inc.	-0.30
Altria Group Inc.	-0.29

Data note 8

Key financials

Latest reported fiscal year (FY2025, period end 2025-12-31) as filed with the SEC.

Revenue2.2 bn $

Net income-0.1 bn $

Diluted EPS-0.29 $

Net margin-4.7 %

Gross margin74.5 %

Return on equity-7.0 %

Equity ratio24.2 %

Revenue growth+29.8 %

Revenue and profit by fiscal year
Fiscal year	Revenue	Net income	Margin
FY2023	1.3	-0.2	-14.2 %
FY2024	1.7	-0.1	-4.7 %
FY2025	2.2	-0.1	-4.7 %

Data note 9

Held in these ETFs

Held in these ETFs
ETF	Index	Weight	per €1,000 in the ETF
XUIT / XUTC	msci-usa-it	0.42 %	€4.20
XDWT	msci-world-it	0.38 %	€3.80
XDEB	msci-world-minimum-volatility	0.24 %	€2.40
XD9U / XD9D	msci-usa	0.16 %	€1.60
XDEM	msci-world-momentum	0.16 %	€1.60
SWWD	msci-world	0.11 %	€1.10
EUNL	msci-world	0.11 %	€1.10
SPPW	msci-world	0.11 %	€1.10
XDWD / XDWL	msci-world	0.11 %	€1.10
WIMI	msci-world-imi	0.10 %	€1.00
SPYY	msci-acwi	0.10 %	€1.00
IUSQ	msci-acwi	0.10 %	€1.00
SPYI / SPSA	msci-acwi-imi	0.09 %	€0.90

Data note 10

The last column turns the weight into euros: this much of €1,000 invested in one of these funds is allocated to Cloudflare Inc as of the fund's latest holdings list.

Weight in EUNL since 2020

Dec 31, 2020Sep 16, 2026

In EUNL, a fund tracking the MSCI World, Cloudflare Inc had a weight of 0.02 % on Dec 31, 2020 and 0.11 % on Sep 16, 2026. That is also the highest share in the period shown. The weight rises and falls with the stock's price relative to the other index members, and it also shifts when the index provider changes the composition.

Data note 11

How much Cloudflare Inc Class A overlaps with other holdings in a portfolio is shown by the Portfolio X-Ray and the ETF overlap check.

Stocks with similar ETF exposure

Names that reach a portfolio through largely the same funds as Cloudflare Inc — the figure counts the ETFs holding both.

Data note 12

Key figures side by side

Key figures compared with stocks of similar ETF exposure
Stock	1 year	Volatility p.a.	Net margin	Revenue growth
Cloudflare Inc	+48.1 %	57.2 %	-4.7 %	+29.8 %
Twilio	+133.9 %	57.5 %	0.7 %	+13.7 %
Snowflake	+53.3 %	61.4 %	-28.4 %	+29.2 %
Credo Technology Group Holding	-1.8 %	96.7 %	35.4 %	+205.7 %
Astera Labs	+12.7 %	95.8 %	25.7 %	+115.1 %
Zscaler	-32.1 %	54.6 %	-1.6 %	+23.3 %
Okta	+109.2 %	57.1 %	8.1 %	+11.8 %
Circle Internet Group	-40.3 %	111.4 %	-63.3 %	+624.0 %
Entegris	+40.6 %	62.2 %	7.4 %	-1.4 %

Return and volatility from our daily closing prices in US dollars; margin and growth from the latest SEC annual filing. Fiscal years do not all end on the same date.