Cloudflare

NET Cloud & Enterprise Software 3/10 Low Risk

3/10

↑ 1 → 3 over 22 weeks

Sector avg: 1.7/10

Cloudflare has $2.0B in scheduled debt maturities. NET shows negative interest coverage (-35.3x), indicating operating losses exceed interest costs. DebtCanary scores NET at 3/10, suggesting manageable refinancing risk.

Maturity Schedule

As of 2026-03-31 (latest SEC filing with maturity data). Debt actions taken after this date will only appear once SEC processes the relevant XBRL filing.

Period	Amount Due	% of Total
Year 1 (0-12 months)	N/A	N/A
Year 2 (12-24 months)	N/A	N/A
Year 3 (24-36 months)	N/A	N/A
Year 4 (36-48 months)	N/A	N/A
Year 5 (48-60 months)	N/A	N/A
Beyond 5 Years	$2.0B	100.0%
Total Scheduled Maturities	$2.0B	100.0%

Key Metrics

Total Long-Term Debt

N/A

Near-Term (12mo)

N/A

Interest Coverage

Loss

Debt/Equity

1.29

Cash Coverage

N/A

Operating Income

-$207M

EBITDA

-$17M

EBITDA / Interest

-3.0x

How This Score Was Computed

Weighted average of 2 scored components (raw 3.00, rounded to 3). Weights of skipped components are redistributed proportionally among those scored.

Component	Value	Sub-Score	Weight Used
Near-Term Maturity Concentration No Year-1 maturity bucket was reported in recent filings.	N/A	—	not scored
Interest Coverage Ratio Show calculation Operating income / Interest expense Operating income: -$207M Interest expense: $6M GAAP operating income is negative while operating cash flow is positive (commonly stock-based compensation). The sub-score uses cash-flow coverage of 102.7x ($603M operating cash flow / $6M interest) so a non-cash loss doesn't read as debt distress. The displayed ratio stays GAAP.	-35.29x	1/10	50%
Debt-to-Equity Ratio Show calculation Long-term debt / Stockholders' equity Long-term debt: $2.0B Stockholders' equity: $1.5B No balance-sheet long-term debt figure was reported; total scheduled maturities used as the debt proxy.	1.29	5/10	50%
Cash Coverage of Near-Term Debt No near-term debt obligation was reported (no Year-1 maturity bucket and no balance-sheet short-term debt).	N/A	—	not scored
Cash Runway Only scored when a company is burning cash. Operating cash flow is positive (or unreported), so runway isn't a constraint.	N/A	—	not scored

"Weight Used" shows each component's share after the weights of unscored components are redistributed. Full thresholds and formulas are on the methodology page.

Recent SEC Filings

Material disclosures from Cloudflare's most recent EDGAR filings. 8-K item labels indicate the type of event reported.

Date	Form	Details
2026-06-30	8-K	Officer / Director Change, Shareholder Vote
2026-06-25	DEFA14A	Additional proxy materials
2026-06-09	DEF 14A	Proxy statement
2026-05-08	10-Q	Quarterly report
2026-05-07	8-K	Earnings Results, Reg FD Disclosure
2026-04-29	10-K/A	Annual report
2026-02-26	10-K	Annual report
2026-02-10	8-K	Officer / Director Change

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Data Source: Financial data sourced from SEC EDGAR XBRL filings (10-K annual reports). Fiscal period end: 2026-03-31. Filing date: 2026-05-08. Data last fetched: 2026-07-26. Maturity schedules reflect the company's most recently reported debt repayment obligations. Data quality: Partial.
View SEC EDGAR filings for Cloudflare →