Cloudflare vs Verisign
Cloudflare is the larger business, with $2.17bn of revenue in fiscal 2025 against $1.66bn for Verisign (1.3 times as much). Cloudflare grew faster (29.8% against 6.4%). Verisign kept more of each dollar of sales as profit: a net margin of 49.8% against -4.7%.
| Latest fiscal year | CloudflareNET, 2025 | VerisignVRSN, 2025 |
|---|---|---|
| Revenue | $2.17bn | $1.66bn |
| Revenue growth | 29.8% | 6.4% |
| Net income | −$102m | $826m |
| Operating margin | -9.6% | 67.7% |
| Net margin | -4.7% | 49.8% |
| Return on equity | -8.2% | — |
| Free cash flow | $287m | $1.07bn |
| Cash | $944m | $308m |
| Total debt | $3.27bn | $0 |
| Debt to equity | 223.8% | — |
| Dividend per share | — | $2.31 |
| Dividend yield | — | 1.1% |
| Share buybacks | $0 | $882m |
| Employees | 5,156 | 928 |
| Market value | $93.96bn | $27.69bn |
| Price vs our value range | — | Within our value range |
| Moat score | 42 (Weak) | 92 (Strong) |
| Insider trades, 12 months | 0 buys, 835 sales | 7 buys, 201 sales |