Cloudflare (NET) Cash & Equivalents (2018 - 2026)
Cloudflare's Cash & Equivalents was $1.66 billion in Q2 2026, up 9.6% from $1.52 billion a year earlier and up 78.5% from the prior quarter.
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Analysis
Cloudflare (NET) Cash & Equivalents (2018 - 2026) Analysis & Trends
At the end of FY2025, Cash & Equivalents at Cloudflare came in at $943.54 million, up 538.9% from FY2024.
- Cash & Equivalents shows a five-year compound annual growth rate of 54.0% (FY2020 to FY2025).
- In earlier years, Cash & Equivalents was $147.69 million in FY2024 (+70.0%), $86.86 million in FY2023 (-57.5%), $204.18 million in FY2022 (-34.9%) and $313.78 million in FY2021 (+188.1%).
- The Q2 2026 figure marks the highest quarterly Cash & Equivalents in data going back to Q4 2018.
- Compared with a year earlier, Cash & Equivalents has increased for five straight quarters, with growth averaging 299.0% over the last eight quarters.
- The best year-over-year quarter for Cash & Equivalents over five years was Q2 2025 (growth of 867.5%); the worst was Q3 2022 (a decline of 77.7%).
- Per Business Quant data, NET's Cash & Equivalents in the three quarters before Q2 2026 was $932.23 million (Q1 2026), $943.54 million (Q4 2025) and $1.05 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash & Equiv. (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,932.24 Bn | 3,855.40 Bn | 60.48 Bn | 20.94 Bn |
| 2 | International Business Machines | 219.04 Bn | 169.85 Bn | 9.91 Bn | 7.17 Bn |
| 3 | Cloudflare | 104.70 Bn | 88.23 Bn | 499.52 Mn | 1.66 Bn |
| 4 | Equinix | 97.19 Bn | 85.75 Bn | 1.40 Bn | 979.00 Mn |
| 5 | Nebius | 40.23 Bn | 13.66 Bn | 448.70 Mn | 8.04 Bn |
| 6 | CoreWeave | 33.76 Bn | 20.85 Bn | 1.70 Bn | 5.52 Bn |
| 7 | Verisign | 27.46 Bn | 24.67 Bn | 384.60 Mn | 840.90 Mn |
| 8 | Nutanix | 17.98 Bn | 9.67 Bn | 651.35 Mn | 777.31 Mn |
| 9 | GoDaddy | 13.83 Bn | 9.41 Bn | 828.20 Mn | 1.16 Bn |
| 10 | Akamai Technologies | 12.69 Bn | 6.10 Bn | 613.75 Mn | 1.48 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.66 Bn |
| Mar 31, 2026 | 932.23 Mn |
| Dec 31, 2025 | 943.54 Mn |
| Sep 30, 2025 | 1.05 Bn |
| Jun 30, 2025 | 1.52 Bn |
| Mar 31, 2025 | 204.46 Mn |
| Dec 31, 2024 | 147.69 Mn |
| Sep 30, 2024 | 182.88 Mn |
| Jun 30, 2024 | 156.97 Mn |
| Mar 31, 2024 | 254.40 Mn |
| Dec 31, 2023 | 86.86 Mn |
| Sep 30, 2023 | 94.14 Mn |
| Jun 30, 2023 | 159.32 Mn |
| Mar 31, 2023 | 256.36 Mn |
| Dec 31, 2022 | 204.18 Mn |
| Sep 30, 2022 | 137.84 Mn |
| Jun 30, 2022 | 142.68 Mn |
| Mar 31, 2022 | 151.98 Mn |
| Dec 31, 2021 | 313.78 Mn |
| Sep 30, 2021 | 618.23 Mn |
API Access
Cloudflare Cash & Equivalents 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-equivalents&ticker=NET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-and-equivalents", "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-equivalents&ticker=NET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();