Operates a global network for website performance and security, plus an edge platform for developers including AI inference.
| Indicator | Score | Band |
|---|---|---|
| Depreciation Integrity | 15 | GREEN (~15) |
| AI-Monetization Gap (reframed for Level 4) | 60 | AMBER–RED (~55–65) |
| Insider-Selling Intensity | 50 | AMBER (~45–55) |
| Financing Opacity / Circular Leverage | 40 | AMBER (~35–45) |
| AI-Edge Compute Diminishing Returns | 45 | AMBER (~40–50) |
| Organic End-User Demand | 45 | AMBER (~40–50) |
Q. 'Your CEO said "If agents are the new users of the web, Cloudflare is the platform they run on." Not one dollar of Workers AI revenue, AI Gateway revenue, or agentic-internet ARR appears in any SEC filing. Revenue grew 30% in FY2025 and 34% in Q4 2025 alone — but your own sheet cannot attribute any portion of that acceleration to AI workloads. What exactly is the AI premium embedded in this valuat
A. AI-specific revenue (Workers AI, AI Gateway): NOT DISCLOSED AS A SEPARATE LINE IN SEC FILINGS (Cloudflare 10-K cloud-20251231.htm and Q4 FY2025 EX-99.1 reviewed — PRIMARY). CEO Prince "agents are the new users of the web" quote is from Q4 FY2025 EX-99.1 (PRIMARY as a filed quote; content is management assertion). FY2025 total revenue: $2,167.9M (+30% YoY); Q4 2025: $614.5M (+34% YoY) — both PRIMAR
EVIDENCE: filed · scores from the engine · I5/I6 carry a score with no underlying instrument — stated where drilled.
AWAITING LIVE SERIES · wires from /api/prices · held state stands if the wire fails
SEC XBRL companyfacts · every row carries its accession · 8 quarters · refreshes off the 8-K 2.02 earnings event
Watching: Capex vs demand before the print.
Earnings window. no dated next-print for this firm in the calendar yet — the 59-of-68 coverage gap.
Score 50.0/100 from the engine.
No discretionary (no-plan) open-market selling on the recent record — plan sales, gifts and awards stated as what they are.
| Owner | Role | Date | Type | Value | Basis |
|---|---|---|---|---|---|
| Ledbetter Carl | Director | 2026-08-06 | Sale | $84,039 | 10b5-1 |
| Ledbetter Carl | Director | 2026-08-06 | Sale | $862,338 | 10b5-1 |
| Ledbetter Carl | Director | 2026-08-06 | Sale | $179,731 | 10b5-1 |
| Ledbetter Carl | Director | 2026-08-06 | Sale | $283,802 | 10b5-1 |
| Prince Matthew | CEO & Board Co-Chair | 2026-08-05 | Sale | $685,762 | 10b5-1 |
| Prince Matthew | CEO & Board Co-Chair | 2026-08-05 | Sale | $210,771 | 10b5-1 |
| Prince Matthew | CEO & Board Co-Chair | 2026-08-05 | Sale | $296,284 | 10b5-1 |
| Prince Matthew | CEO & Board Co-Chair | 2026-08-05 | Sale | $2,235,890 | 10b5-1 |
| Prince Matthew | CEO & Board Co-Chair | 2026-08-05 | Sale | $2,956,964 | 10b5-1 |
| Prince Matthew | CEO & Board Co-Chair | 2026-08-05 | Sale | $1,424,190 | 10b5-1 |
| Prince Matthew | CEO & Board Co-Chair | 2026-08-05 | Sale | $853,233 | 10b5-1 |
| Prince Matthew | CEO & Board Co-Chair | 2026-08-05 | Sale | $440,540 | 10b5-1 |
EDGAR Form 4, parsed structured · last 60 txns · asof 2026-08-08 · refreshes off the Form-4 event class
| Announced cuts (2026) | 1,100 |
| Date | 2026-05 |
| Confidence | medium |
| Attribution | AI-PARTIAL |
| Driver | ai-reallocation |
| Source | press |
Performance + AI-efficiency framing on the cut; reinvesting into AI/product.
Video. no verified channel in the map yet — our gap, stated (the map grows by verification, never by guess).
≤5 news · ≤2 video · rolling window, never an archive · ranked from the 2026-08-08 sweep · refreshes Saturday
Notes. held open — The desk has not ruled this slot.
Company data is compiled from primary sources — SEC filings, the fragility engine, and our own roster. Narrative summaries are AI-assisted; every figure comes from the record, not the model.