Is Cloudflare’s (NET) Cash Flow Real Once Share Issuance Is Counted?

Cloudflare, Inc. (NYSE:NET) closed at $349.07 on October 2, up 57.93% over twelve months. The company reported a net loss over the past twelve months and positive free cash flow over the same period. Both statements are true, and the distance between them is where the argument about this stock lives. READ ALSO: MongoDB (MDB) vs Snowflake (SNOW): Which is a Better Stock to Buy?Is Cloudflare's (NET) Cash Flow Real Once Share Issuance Is Counted? The Cash Is Real, and the Loss Is Real: Start with what Cloudflare actually collected. Operating cash flow was $633.43 million, and levered free cash flow came in at $691.95 million. That is money in the bank, generated by a business with revenue of $2.51 billion growing at 35.90%. The reported loss was $206.