Cloudflare (NET) Convertible Debt (2020 - 2026)

Cloudflare's Convertible Debt history runs 7 years deep, the most recent figure standing at $2.0 billion for Q1 2026.

• Quarterly Convertible Debt rose 53.34% year-over-year to $2.0 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $2.0 billion (up 53.34% YoY) and the FY2025 annual result came in at $2.0 billion, up 53.35% from the prior year.
• Convertible Debt was $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.
• Median Convertible Debt over the past 5 years was $1.4 billion (2022), compared with a mean of $1.6 billion.
• Across the five-year window, Convertible Debt soared 265.26% in 2022 and decreased 10.64% in 2024, its largest moves.
• Over 5 years, Convertible Debt stood at $1.4 billion in 2022, then declined by 10.64% to $1.3 billion in 2023, then gained by 0.31% to $1.3 billion in 2024, then surged by 53.35% to $2.0 billion in 2025, then grew by 0.07% to $2.0 billion in 2026.
• Business Quant data shows NET's Convertible Debt at $2.0 billion in Q1 2026, $2.0 billion in Q4 2025, and $2.0 billion in Q3 2025.