Cloudflare (NET) Change in Intangibles (2018 - 2026)
Cloudflare (NET) posted Change in Intangibles of $11.22 million for Q2 2026, up 69.5% from $6.62 million a year earlier and up 24.3% from the prior quarter.
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Analysis
Cloudflare (NET) Change in Intangibles (2018 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Change in Intangibles at Cloudflare was $33.53 million, up 14.5% year-over-year; for FY2025, it came in at $26.94 million, down 5.4% from FY2024.
- Annual Change in Intangibles shows a five-year compound annual growth rate of 7.7% (FY2020 to FY2025).
- In prior years, Cloudflare's Change in Intangibles was $28.48 million in FY2024 (+38.6%), $20.55 million in FY2023 (+4.0%), $19.76 million in FY2022 (+33.9%) and $14.75 million in FY2021 (-20.6%).
- The Q2 2026 figure stands as the highest quarterly Change in Intangibles in data going back to Q4 2018.
- On a year-over-year basis, Change in Intangibles increased in five of the last eight quarters, with growth averaging 25.4%.
- The strongest year-over-year quarter for Change in Intangibles in the past five years was Q2 2026, with growth of 69.5%; the weakest was Q3 2025, with a decline of 18.8%.
- According to Business Quant data, Change in Intangibles for the three prior quarters was $9.03 million (Q1 2026), $5.78 million (Q4 2025) and $7.51 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Intangibless (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,932.24 Bn | 3,855.40 Bn | 60.48 Bn | - |
| 2 | International Business Machines | 219.04 Bn | 169.85 Bn | 9.91 Bn | 154.00 Mn |
| 3 | Cloudflare | 104.70 Bn | 88.23 Bn | 499.52 Mn | 11.22 Mn |
| 4 | Equinix | 97.19 Bn | 85.75 Bn | 1.40 Bn | - |
| 5 | Nebius | 40.23 Bn | 13.66 Bn | 448.70 Mn | - |
| 6 | CoreWeave | 33.76 Bn | 20.85 Bn | 1.70 Bn | - |
| 7 | Verisign | 27.46 Bn | 24.67 Bn | 384.60 Mn | - |
| 8 | Nutanix | 17.98 Bn | 9.67 Bn | 651.35 Mn | - |
| 9 | GoDaddy | 13.83 Bn | 9.41 Bn | 828.20 Mn | - |
| 10 | Akamai Technologies | 12.69 Bn | 6.10 Bn | 613.75 Mn | 80.83 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.22 Mn |
| Mar 31, 2026 | 9.03 Mn |
| Dec 31, 2025 | 5.78 Mn |
| Sep 30, 2025 | 7.51 Mn |
| Jun 30, 2025 | 6.62 Mn |
| Mar 31, 2025 | 7.03 Mn |
| Dec 31, 2024 | 6.40 Mn |
| Sep 30, 2024 | 9.25 Mn |
| Jun 30, 2024 | 6.92 Mn |
| Mar 31, 2024 | 5.92 Mn |
| Dec 31, 2023 | 3.91 Mn |
| Sep 30, 2023 | 5.93 Mn |
| Jun 30, 2023 | 5.73 Mn |
| Mar 31, 2023 | 4.97 Mn |
| Dec 31, 2022 | 4.32 Mn |
| Sep 30, 2022 | 5.41 Mn |
| Jun 30, 2022 | 5.58 Mn |
| Mar 31, 2022 | 4.45 Mn |
| Dec 31, 2021 | 3.65 Mn |
| Sep 30, 2021 | 4.00 Mn |
API Access
Cloudflare Change in Intangibles 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=change-in-intangibles&ticker=NET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-intangibles", "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=change-in-intangibles&ticker=NET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();