Cloudflare (NET) Common Equity (2018 - 2026)
Cloudflare (NET) posted Common Equity of $1.62 billion for Q2 2026, up 30.7% from $1.24 billion a year earlier and up 6.1% from the prior quarter.
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Analysis
Cloudflare (NET) Common Equity (2018 - 2026) Analysis & Trends
At the end of FY2025, Cloudflare's Common Equity came in at $1.46 billion, up 39.5% from FY2024.
- Annual Common Equity has increased for three consecutive years, with a five-year compound annual growth rate of 12.3% (FY2020 to FY2025).
- In prior years, Cloudflare's Common Equity was $1.05 billion in FY2024 (+37.1%), $763.05 million in FY2023 (+22.3%), $623.96 million in FY2022 (-23.1%) and $811.36 million in FY2021 (-0.7%).
- The Q2 2026 figure stands as the highest quarterly Common Equity in data going back to Q3 2018.
- On a year-over-year basis, Common Equity has increased in each of the last 14 quarters, with growth averaging 38.9% over the last eight quarters.
- The strongest year-over-year quarter for Common Equity in the past five years was Q1 2025, with growth of 78.9%; the weakest was Q1 2022, with a decline of 35.9%.
- According to Business Quant data, Common Equity for the three prior quarters was $1.53 billion (Q1 2026), $1.46 billion (Q4 2025) and $1.35 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Common Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,932.24 Bn | 3,855.40 Bn | 60.48 Bn | 442.39 Bn |
| 2 | International Business Machines | 219.04 Bn | 169.85 Bn | 9.91 Bn | 34.54 Bn |
| 3 | Cloudflare | 104.70 Bn | 88.23 Bn | 499.52 Mn | 1.62 Bn |
| 4 | Equinix | 97.19 Bn | 85.75 Bn | 1.40 Bn | 14.38 Bn |
| 5 | Nebius | 40.23 Bn | 13.66 Bn | 448.70 Mn | 10.34 Bn |
| 6 | CoreWeave | 33.76 Bn | 20.85 Bn | 1.70 Bn | 5.02 Bn |
| 7 | Verisign | 27.46 Bn | 24.67 Bn | 384.60 Mn | -2.25 Bn |
| 8 | Nutanix | 17.98 Bn | 9.67 Bn | 651.35 Mn | 702.57 Mn |
| 9 | GoDaddy | 13.83 Bn | 9.41 Bn | 828.20 Mn | 6.70 Mn |
| 10 | Akamai Technologies | 12.69 Bn | 6.10 Bn | 613.75 Mn | 4.75 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.62 Bn |
| Mar 31, 2026 | 1.53 Bn |
| Dec 31, 2025 | 1.46 Bn |
| Sep 30, 2025 | 1.35 Bn |
| Jun 30, 2025 | 1.24 Bn |
| Mar 31, 2025 | 1.43 Bn |
| Dec 31, 2024 | 1.05 Bn |
| Sep 30, 2024 | 973.09 Mn |
| Jun 30, 2024 | 881.55 Mn |
| Mar 31, 2024 | 797.22 Mn |
| Dec 31, 2023 | 763.05 Mn |
| Sep 30, 2023 | 699.26 Mn |
| Jun 30, 2023 | 641.83 Mn |
| Mar 31, 2023 | 652.59 Mn |
| Dec 31, 2022 | 623.96 Mn |
| Sep 30, 2022 | 593.99 Mn |
| Jun 30, 2022 | 580.49 Mn |
| Mar 31, 2022 | 515.48 Mn |
| Dec 31, 2021 | 811.36 Mn |
| Sep 30, 2021 | 853.15 Mn |
API Access
Cloudflare Common Equity 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=common-equity&ticker=NET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "common-equity", "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=common-equity&ticker=NET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();