Cloudflare (NET) Convertible Debt (2020 - 2026)

Cloudflare has disclosed Convertible Debt across 7 years of filings, most recently posting $2.0 billion for Q1 2026.

• Convertible Debt for Q1 2026 came in at $2.0 billion, up 53.34% year-over-year; the trailing twelve-month figure through Mar 2026 was $2.0 billion (up 53.34% YoY), and the FY2025 annual result was $2.0 billion, up 53.35% from the prior year.
• Convertible Debt came in at $2.0 billion for Q1 2026 at Cloudflare, roughly flat from $2.0 billion in the prior quarter.
• In the past five years, Convertible Debt ranged from a high of $3.3 billion in Q2 2025 to a low of $1.3 billion in Q2 2023.
• The 5-year median for Convertible Debt is $1.4 billion (2022), against an average of $1.6 billion.
• Across the five-year window, Convertible Debt jumped 265.26% in 2022 and slipped 10.64% in 2024, its largest moves.
• Cloudflare's Convertible Debt stood at $1.4 billion in 2022, then fell by 10.64% to $1.3 billion in 2023, then advanced by 0.31% to $1.3 billion in 2024, then soared by 53.35% to $2.0 billion in 2025, then increased by 0.07% to $2.0 billion in 2026.
• The last three Convertible Debt figures came in at $2.0 billion (Q1 2026), $2.0 billion (Q4 2025), and $2.0 billion (Q3 2025), per Business Quant data.