Cloudflare Ratios and Metrics

Market cap in millions BRL. Fiscal year is January - December.

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2016
Period Ending	Mar '26 Mar 9, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	2020 - 2016
Market Capitalization	369,527	380,371	228,564	135,653	78,544	235,736	Upgrade
Market Cap Growth	20.08%	66.42%	68.49%	72.71%	-66.68%	94.39%	Upgrade
Enterprise Value	366,490	377,387	226,256	134,900	78,181	232,582	Upgrade
Last Close Price	57.60	62.62	37.60	23.00	12.58	-	Upgrade
PS Ratio	30.95	31.85	22.13	21.56	15.23	64.45	Upgrade
PB Ratio	45.98	47.33	35.32	36.64	23.81	52.15	Upgrade
P/TBV Ratio	56.34	58.00	43.83	46.95	33.51	53.79	Upgrade
P/FCF Ratio	233.36	240.20	189.13	199.67	-	-	Upgrade
P/OCF Ratio	111.24	114.50	97.14	109.89	120.21	654.46	Upgrade
EV/Sales Ratio	32.44	31.60	21.91	21.44	15.16	63.59	Upgrade
EV/FCF Ratio	231.44	238.32	187.22	198.57	-	-	Upgrade
Debt / Equity Ratio	2.41	2.41	1.40	1.88	2.53	1.59	Upgrade
Debt / EBITDA Ratio	146.69	146.69	108.88	-	-	-	Upgrade
Debt / FCF Ratio	12.24	12.24	7.49	10.25	-	-	Upgrade
Net Debt / Equity Ratio	-0.40	-0.40	-0.37	-0.31	-0.12	-0.65	Upgrade
Net Debt / EBITDA Ratio	13.73	13.73	10.90	3.35	0.63	6.48	Upgrade
Net Debt / FCF Ratio	-2.03	-2.03	-2.01	-1.70	3.64	18.66	Upgrade
Asset Turnover	0.46	0.46	0.55	0.49	0.39	0.35	Upgrade
Quick Ratio	1.92	1.92	2.76	3.41	4.54	6.67	Upgrade
Current Ratio	1.98	1.98	2.86	3.50	4.75	6.78	Upgrade
Return on Equity (ROE)	-8.16%	-8.16%	-8.71%	-26.52%	-26.95%	-31.97%	Upgrade
Return on Assets (ROA)	-2.69%	-2.69%	-2.87%	-4.34%	-4.97%	-4.24%	Upgrade
Return on Capital Employed (ROCE)	-5.50%	-5.50%	-5.50%	-8.50%	-9.00%	-6.10%	Upgrade
Earnings Yield	-0.15%	-0.15%	-0.21%	-0.66%	-1.30%	-0.61%	Upgrade
FCF Yield	0.43%	0.42%	0.53%	0.50%	-0.14%	-0.07%	Upgrade
Buyback Yield / Dilution	-2.05%	-2.05%	-2.32%	-2.24%	-4.49%	-4.18%	Upgrade

Source: S&P Capital IQ. Standard template. Financial Sources.