Cloudflare (NET) Asset Utilization Ratio (2019 - 2026)

Cloudflare's (NET) quarterly Asset Utilization Ratio came in at 0.4 in Q2 2026, down 1.91% year-over-year from 0.41 in Q2 2025, and up 4.15% quarter-over-quarter from 0.38 in Q1 2026.

Analysis

Cloudflare (NET) Asset Utilization Ratio (2019 - 2026) Analysis & Trends

Cloudflare has disclosed Asset Utilization Ratio across 8 years of filings, most recently posting 0.4 for Q2 2026.

In Q2 2026, Asset Utilization Ratio fell 1.91% year-over-year to 0.4; the TTM figure through Jun 2026 stood at 0.4 (down 1.91% YoY), while the FY2025 annual figure was 0.46, down 15.72% from the prior year.
Asset Utilization Ratio came in at 0.4 for Q2 2026 at Cloudflare, up from 0.38 in the prior quarter.
In the past five years, Asset Utilization Ratio ranged from a high of 0.53 in Q3 2024 to a low of 0.31 in Q1 2022.
Average Asset Utilization Ratio over 5 years is 0.43, with a median of 0.4 recorded in 2023.
Year-over-year, Asset Utilization Ratio jumped 37.13% in 2022 and plunged 32.53% in 2025.
Over 5 years, Asset Utilization Ratio stood at 0.38 in 2022, then gained by 26.23% to 0.48 in 2023, then climbed by 8.24% to 0.52 in 2024, then slumped by 30.11% to 0.37 in 2025, then rose by 8.41% to 0.4 in 2026.
Per Business Quant data, the three most recent Asset Utilization Ratio figures were 0.4 in Q2 2026, 0.38 in Q1 2026, and 0.37 in Q4 2025.

Peer Set

Peer Comparison

All peers

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Asset Util. (Qtr)
1	Microsoft	3,717.88 Bn	3,585.13 Bn	60.48 Bn	0.46
2	International Business Machines	219.37 Bn	208.10 Bn	9.91 Bn	0.45
3	Cloudflare	113.46 Bn	109.29 Bn	499.52 Mn	0.40
4	Equinix	102.39 Bn	100.19 Bn	1.40 Bn	0.24
5	Nebius	57.34 Bn	49.30 Bn	448.70 Mn	0.05
6	CoreWeave	47.88 Bn	42.34 Bn	1.70 Bn	0.11
7	Verisign	26.51 Bn	25.48 Bn	384.60 Mn	1.10
8	Nutanix	18.85 Bn	16.49 Bn	651.35 Mn	0.67
9	Akamai Technologies	17.01 Bn	13.65 Bn	613.75 Mn	0.32
10	DigitalOcean Holdings	14.83 Bn	14.06 Bn	154.66 Mn	0.36

Historic Data

Download Data

Date	Value
Jun 30, 2026	0.40
Mar 31, 2026	0.38
Dec 31, 2025	0.37
Sep 30, 2025	0.35
Jun 30, 2025	0.41
Mar 31, 2025	0.50
Dec 31, 2024	0.52
Sep 30, 2024	0.53
Jun 30, 2024	0.52
Mar 31, 2024	0.50
Dec 31, 2023	0.48
Sep 30, 2023	0.47
Jun 30, 2023	0.43
Mar 31, 2023	0.40
Dec 31, 2022	0.38
Sep 30, 2022	0.36
Jun 30, 2022	0.34
Mar 31, 2022	0.31
Dec 31, 2021	0.28
Sep 30, 2021	0.31

API Access

Cloudflare Asset Utilization Ratio API

Pull this series into your own models, spreadsheets and apps with the Business Quant Historical Metrics API. The request below matches the chart above — change the frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.

https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=NET&period=max&api_key=YOUR_API_KEY

import requests

url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "NET", "period": "max", "api_key": "YOUR_API_KEY"}

data = requests.get(url, params=params).json()

const res = await fetch("https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=NET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();

API documentation

Cloudflare (NET) Asset Utilization Ratio (2019 - 2026)