Cloudflare (NET) Cash & Current Investments (2018 - 2026)
Cloudflare's Cash & Current Investments was $4.16 billion in Q2 2026, up 5.1% from $3.96 billion a year earlier and unchanged from the prior quarter.
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Analysis
Cloudflare (NET) Cash & Current Investments (2018 - 2026) Analysis & Trends
At the end of FY2025, Cash & Current Investments at Cloudflare came in at $4.1 billion, up 121.0% from FY2024.
- Cash & Current Investments has now increased for three consecutive years, with a five-year compound annual growth rate of 31.8% (FY2020 to FY2025).
- In earlier years, Cash & Current Investments was $1.86 billion in FY2024 (+10.9%), $1.67 billion in FY2023 (+1.4%), $1.65 billion in FY2022 (-9.4%) and $1.82 billion in FY2021 (+76.5%).
- Quarterly Cash & Current Investments has moved between $1.57 billion (Q3 2023) and $4.16 billion (Q1 2026) over five years.
- Compared with a year earlier, Cash & Current Investments has increased for nine straight quarters, with growth averaging 66.1% over the last eight quarters.
- The best year-over-year quarter for Cash & Current Investments over five years was Q2 2025 (growth of 125.3%); the worst was Q3 2022 (a decline of 9.8%).
- Per Business Quant data, NET's Cash & Current Investments in the three quarters before Q2 2026 was $4.16 billion (Q1 2026), $4.1 billion (Q4 2025) and $4.04 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash & Current Investments (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,944.62 Bn | 3,880.11 Bn | 62.56 Bn | 64.51 Bn |
| 2 | International Business Machines | 231.10 Bn | 185.71 Bn | 9.71 Bn | 11.06 Bn |
| 3 | Equinix | 100.11 Bn | 88.01 Bn | 1.31 Bn | 3.60 Bn |
| 4 | Cloudflare | 96.02 Bn | 78.46 Bn | 557.23 Mn | 5.13 Bn |
| 5 | Nebius | 31.44 Bn | 4.87 Bn | 448.70 Mn | 8.04 Bn |
| 6 | Verisign | 27.82 Bn | 25.17 Bn | 393.20 Mn | 476.10 Mn |
| 7 | CoreWeave | 25.57 Bn | 12.66 Bn | 1.70 Bn | 5.54 Bn |
| 8 | Nutanix | 15.68 Bn | 7.37 Bn | 651.35 Mn | 2.36 Bn |
| 9 | GoDaddy | 14.30 Bn | 9.69 Bn | 843.00 Mn | 1.12 Bn |
| 10 | Akamai Technologies | 12.01 Bn | 5.41 Bn | 613.75 Mn | 3.36 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 5.13 Bn |
| Jun 30, 2026 | 4.16 Bn |
| Mar 31, 2026 | 4.16 Bn |
| Dec 31, 2025 | 4.10 Bn |
| Sep 30, 2025 | 4.04 Bn |
| Jun 30, 2025 | 3.96 Bn |
| Mar 31, 2025 | 1.91 Bn |
| Dec 31, 2024 | 1.86 Bn |
| Sep 30, 2024 | 1.82 Bn |
| Jun 30, 2024 | 1.76 Bn |
| Mar 31, 2024 | 1.72 Bn |
| Dec 31, 2023 | 1.67 Bn |
| Sep 30, 2023 | 1.57 Bn |
| Jun 30, 2023 | 1.58 Bn |
| Mar 31, 2023 | 1.72 Bn |
| Dec 31, 2022 | 1.65 Bn |
| Sep 30, 2022 | 1.64 Bn |
| Jun 30, 2022 | 1.64 Bn |
| Mar 31, 2022 | 1.73 Bn |
| Dec 31, 2021 | 1.82 Bn |
API Access
Cloudflare Cash & Current Investments 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=cash-and-current-investments&ticker=NET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-and-current-investments", "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=cash-and-current-investments&ticker=NET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();