Is Cloudflare, Inc. (NET) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 5.1% / 30% | 6.0% / 30% | 0.6% / 30% | 6.05% / 5% | ✗ NOT HALAL |
| DJIM | 5.1% / 33% | 6.0% / 33% | 0.6% / 33% | 6.05% / 5% | ✗ NOT HALAL |
| MSCI | 58.3% / 33% | 67.9% / 33% | 6.7% / 33% | 6.05% / 5% | ✗ NOT HALAL |
| S&P | 5.1% / 33% | 6.0% / 33% | 0.6% / 33% | 6.05% / 5% | ✗ NOT HALAL |
| FTSE | 58.3% / 33% | 67.9% / 33% | 6.7% / 50% | 6.05% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 74.5% | |
| Operating Margin | -7.0% | |
| Net Margin | -4.7% | |
| Return on Equity (ROE) | -8.2% | |
| Return on Assets (ROA) | -2.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $603M |
| Free Cash Flow | $261M |
| Total Debt | $3.5B |
| Debt-to-Equity | 241.1 |
| Current Ratio | 2.0 |
| Total Assets | $6.0B |
Price & Trading
| Last Close | $210.13 |
| 50-Day MA | $190.08 |
| 200-Day MA | $201.10 |
| Avg Volume | 4.5M |
| Beta | 2.0 |
|
52-Week Range
$89.42
| |
About Cloudflare, Inc. (NET)
Cloudflare, Inc. operates as a cloud services provider that delivers a range of services to businesses worldwide. The company provides a cloud-based security solution to secure a range of combination of platforms, including public and private cloud, on-premises, software-as-a-service applications, and Internet of things (IoT) devices; and application security products comprising web application firewall, bot management, distributed denial of service mitigation, API security, SSL/TLS encryption, client-side security, and security center products. It also offers application performance solutions, such as content delivery, load balancing, DNS, smart shield, video stream delivery, web optimization, cloudfare waiting room, and cloudfare data localization suite; SASE platform that combines network services and Zero Trust and workplace security products that provides a cloud-based network and security-as-a-service; network services, including magic WAN, magic transit, magic firewall, cloudflare network interconnect, and spectrum. In addition, the company provides zero trust security services which include cloudflare zero trust network access, secure web gateway, and one client; and remote browser isolation, cloud access security broker, cloud email security, digital experience monitoring, and data loss prevention products. Further, it provides developer-based solutions comprising workers AI, vectorize, AI gateway, cloudflare workers, cloudflare pages, R2 object storage, workers KV, durable objects, D1, hyperdrive, queues, cloudfare stream, cloudfare images, and cloudflare realtime; and consumer offerings, such as 1.1.1.1 DNS and with WARPm and cloudfare registrar that offers secure registration and management of domain names. The company serves customers in technology, healthcare, financial services, consumer and retail, industrial, and non-profit industries, as well as government. The company was incorporated in 2009 and is headquartered in San Francisco, California.
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Frequently Asked Questions
Is Cloudflare, Inc. (NET) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Cloudflare, Inc. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Cloudflare, Inc.'s debt ratio?
Cloudflare, Inc.'s debt ratio is 5.1% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 58.3%.
What are Cloudflare, Inc.'s key financial metrics?
Cloudflare, Inc. has a market capitalization of $71.5B, and revenue of $2.2B. The company maintains a gross margin of 74.5% and a net margin of -4.7%. Return on equity stands at -8.2%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.