NET · Discounted Cash Flow Valuation
Cloudflare DCF Valuation: Intrinsic Value Calculator
Cloudflare, Inc. (NET) DCF model with live financials. See the pre-loaded intrinsic value estimate below, then adjust growth and discount rate assumptions in the full calculator.
DCF Snapshot
Assumptions
These are conservative starting assumptions. Adjust them in the full calculator to test your own thesis.
What Drives Cloudflare's DCF
Cloudflare operates a global network spanning 300+ cities, providing CDN, DDoS protection, Zero Trust security, and developer platform services. Revenue is growing 33% annually at gross margins above 73%, though operating margins remain slightly negative as the company invests in platform expansion. Cloudflare's Workers developer platform and R2 storage (competing with AWS Lambda and S3) represent a strategic bet on becoming the cloud platform for the edge. Key assumptions: the Zero Trust security market (replacing VPN-based architectures) drives enterprise land-and-expand, large customer growth sustains NRR above 115%, and the developer platform generates incremental revenue from usage-based pricing.