Cloudflare, Inc. (NET)

Cloud network and security services, 52% U.S. Read October 20, 2026 from the annual report for the period ending December 31, 2025, filed February 26, 2026. Ranked 38 of the 174 Technology companies read so far, by the share within reach now.

The filing states 5,156 full-time employees, 2,452 outside the United States, in one cloud services business with nothing by function, so the split is by description.

The figures on this page come from the company's own annual report and from BLS staffing patterns for its industries, never from a roster. They are estimates with a stated method. Nothing here says what the company will do: within reach is not a forecast of jobs lost or of savings.

What follows from the reading

Share of working time within reach of AI, on the long-run pace at four in five: 26% now, 55% at the end of 2027, 69% at the end of 2028, 75% at the end of 2030. By the patterns, the work is about 75% desk work, 23% people work and 3% body work. These are the site's industry estimates weighted by the shares below: estimates with a stated method and range, not a forecast of what the company will do. By the same patterns, at the end of 2028 about 25% of the working time stays with people (conversation, in-person and hands-on work), 58% becomes checking a model's work and 10% could be handed over with lighter checks, from the industries' own figures, not the company's roles.

Headcount

5,156 employees as of December 31, 2025 (stated). The filing states 2,452 of 5,156 employees outside the United States, so 2,704 are in it.

The filing: “As of December 31, 2025, we had 5,156 full-time employees, including 2,452 employees located outside of the United States.”

The workforce as industry patterns

What the filing says about the workforce: 5,156 full-time employees, 2,452 outside the United States; contractors and consultants engaged and not counted; no U.S. union, works councils abroad; headcount grew from 4,263 a year earlier.

Companies read with the same leading pattern

Other companies whose largest staffing pattern is also Software Publishers, largest first, each read from its own annual report. Within reach now and at the end of 2028, long-run pace, four in five.

• Microsoft (MSFT, 223,000 employees)25% now, 69% by 2028
• Oracle (ORCL, 141,000 employees)26% now, 69% by 2028
• Salesforce, Inc. (CRM, 83,334 employees)25% now, 69% by 2028
• Uber Technologies, Inc. (UBER, 34,000 employees)29% now, 67% by 2028
• DoorDash, Inc. (DASH, 31,400 employees)29% now, 67% by 2028
• Adobe Inc. (ADBE, 31,360 employees)25% now, 69% by 2028
• ServiceNow, Inc. (NOW, 29,187 employees)25% now, 69% by 2028
• Synopsys, Inc. (SNPS, 28,000 employees)25% now, 69% by 2028

What the filing says about AI

33 sentences in the filing name AI. The filing says customers build AI-enhanced applications on its network and that it is expanding its servers' capabilities to run AI workloads across its distributed network.

• “We serve comprehensive customer needs across security and connectivity, and increasingly, the distributed and programmable nature of our network is resulting in customers building their applications on top of our network, too - including both traditional applications and those that are enhanced with artificial intelligence (AI).”
• “We are also expanding the capabilities of our network servers to enable AI workloads that are suited to take into account the widely distributed nature of our network.”
• “We believe this programmable feature of our network is attractive to our customers for a number of reasons, including: the global reach of our network and how it puts our customers' applications closer to the world's Internet-connected population; the nature of our serverless offering, meaning that rather than having to worry about regions, or the deployment and scaling of containers as applica...”
• “Our full suite of products consists of (1) our application services that help deliver security, performance, and reliability for any organization's applications connected to the Internet, including websites and application programming interfaces (APIs), and that also form the foundation of our newly announced efforts to allow content creators to monetize their work by controlling how bots, craw...”
• “Application Services Cloudflare offers a suite of application services products (i) to help ensure that Internet properties such as websites, applications, and APIs that are exposed to the Internet are safe from attacks, and are fast and reliable; (ii) to provide customers with the ability to build customized analytics for insights and intelligence to further optimize and secure their applicati...”

Its annual reports, year by year

Sentences naming AI in each annual report, counted by one rule, beside the median report in the Index that year. Each count links its filing. Every company, by year and sector

• Fiscal 202114median 0
• Fiscal 20221median 0
• Fiscal 202310median 1
• Fiscal 202417median 4
• Fiscal 202533median 10

Headcount by filing year

As reported in each year's annual report, with the filing. A year marked not read had no figure the reading could take from the report's text.

Limits of this reading

• Contractors and consultants are engaged and not counted (rule 8).
• No count by function; the split between software and network infrastructure work is by description.

Source: the company's annual report on EDGAR, accession 0001477333-26-000016, the filing. Read by Claude Fable 5.1 under rubric version 1, by the method. A company can write to info@stratussc.com to have its reading checked against its filing.