Cloudflare, Inc. (NET) Return on equity 2019–2025
Cloudflare, Inc. (NET) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
-7.0%FY2025 · since FY2019: -14.6% → -7.0%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | -7.0% | +0.5 pp |
| FY2024 | -7.5% | +16.6 pp |
| FY2023 | -24.1% | +6.9 pp |
| FY2022 | -31.0% | +1.1 pp |
| FY2021 | -32.1% | -17.5 pp |
| FY2020 | -14.6% | -0.0 pp |
| FY2019 | -14.6% | — |
ROE = reported net income ÷ reported year-end shareholders’ equity for the same fiscal year. Heavy buybacks shrink equity and can push ROE very high (or negative-equity years drop out).
Source: SEC XBRL filings · For reference only · Not investment advice