Cloudflare (NET) Common Equity (2018 - 2026)
Cloudflare's (NET) quarterly Common Equity came in at $1.6 billion in Q2 2026, up 30.68% year-over-year from $1.2 billion in Q2 2025, and up 6.11% quarter-over-quarter from $1.5 billion in Q1 2026.
Powered by 
Analysis
Cloudflare (NET) Common Equity (2018 - 2026) Analysis & Trends
Cloudflare has disclosed Common Equity across 9 years of filings, most recently posting $1.6 billion for Q2 2026.
- In Q2 2026, Common Equity rose 30.68% year-over-year to $1.6 billion; the TTM figure through Jun 2026 stood at $1.6 billion (up 30.68% YoY), while the FY2025 annual figure was $1.5 billion, up 39.47% from the prior year.
- Common Equity came in at $1.6 billion for Q2 2026 at Cloudflare, up from $1.5 billion in the prior quarter.
- In the past five years, Common Equity ranged from a high of $1.6 billion in Q2 2026 to a low of $515.5 million in Q1 2022.
- Average Common Equity over 5 years is $966.0 million, with a median of $839.4 million recorded in 2024.
- Year-over-year, Common Equity plunged 35.89% in 2022 and jumped 78.86% in 2025.
- Over 5 years, Common Equity stood at $624.0 million in 2022, then climbed by 22.29% to $763.0 million in 2023, then surged by 37.11% to $1.0 billion in 2024, then surged by 39.47% to $1.5 billion in 2025, then increased by 11.03% to $1.6 billion in 2026.
- Per Business Quant data, the three most recent Common Equity figures were $1.6 billion in Q2 2026, $1.5 billion in Q1 2026, and $1.5 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Common Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,717.88 Bn | 3,585.13 Bn | 60.48 Bn | 442.39 Bn |
| 2 | International Business Machines | 219.37 Bn | 208.10 Bn | 9.91 Bn | 34.54 Bn |
| 3 | Cloudflare | 113.46 Bn | 109.29 Bn | 499.52 Mn | 1.62 Bn |
| 4 | Equinix | 102.39 Bn | 100.19 Bn | 1.40 Bn | 14.38 Bn |
| 5 | Nebius | 57.34 Bn | 49.30 Bn | 448.70 Mn | 10.34 Bn |
| 6 | CoreWeave | 47.88 Bn | 42.34 Bn | 1.70 Bn | 5.02 Bn |
| 7 | Verisign | 26.51 Bn | 25.48 Bn | 384.60 Mn | -2.25 Bn |
| 8 | Nutanix | 18.85 Bn | 16.49 Bn | 651.35 Mn | 702.57 Mn |
| 9 | Akamai Technologies | 17.01 Bn | 13.65 Bn | 613.75 Mn | 4.75 Bn |
| 10 | DigitalOcean Holdings | 14.83 Bn | 14.06 Bn | 154.66 Mn | 930.73 Mn |
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();