Cloudflare (NET) Convertible Debt (2020 - 2026)
Cloudflare (NET) posted Convertible Debt of $2.0 billion for Q1 2026, little changed sequentially from $2.0 billion in Q4 2025, and up 53.34% YoY from $1.3 billion in Q1 2025.
Cloudflare (NET) Convertible Debt (2020 - 2026) Analysis & Trends
Cloudflare has reported Convertible Debt for 7 years, with the latest figure at $2.0 billion in 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 steadied at $2.0 billion in Q1 2026 per NET's latest filing, from $2.0 billion in the prior quarter.
- Over five years, Convertible Debt peaked at $3.3 billion in Q2 2025 and troughed at $1.3 billion in Q2 2023.
- A 5-year average of $1.6 billion and a median of $1.4 billion in 2022 frame the typical range for Convertible Debt.
- The sharpest annual moves came in 2022 and 2024: Convertible Debt soared 265.26% in 2022, then declined 10.64% in 2024.
- Over 5 years, Convertible Debt stood at $1.4 billion in 2022, then decreased by 10.64% to $1.3 billion in 2023, then grew by 0.31% to $1.3 billion in 2024, then surged by 53.35% to $2.0 billion in 2025, then gained by 0.07% to $2.0 billion in 2026.
- According to Business Quant data, Convertible Debt over the past three periods registered $2.0 billion, $2.0 billion, and $2.0 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
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|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - |
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| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn |
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Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.98 Bn |
| Mar 31, 2026 | 1.98 Bn |
| Dec 31, 2025 | 1.97 Bn |
| Sep 30, 2025 | 1.97 Bn |
| Jun 30, 2025 | 3.26 Bn |
| Mar 31, 2025 | 1.29 Bn |
| Dec 31, 2024 | 1.29 Bn |
| Sep 30, 2024 | 1.29 Bn |
| Jun 30, 2024 | 1.29 Bn |
| Mar 31, 2024 | 1.28 Bn |
| Dec 31, 2023 | 1.28 Bn |
| Sep 30, 2023 | 1.28 Bn |
| Jun 30, 2023 | 1.28 Bn |
| Mar 31, 2023 | 1.44 Bn |
| Dec 31, 2022 | 1.44 Bn |
| Sep 30, 2022 | 1.44 Bn |
| Jun 30, 2022 | 1.43 Bn |
| Mar 31, 2022 | 1.43 Bn |
| Dec 31, 2021 | 1.15 Bn |
| Sep 30, 2021 | 1.14 Bn |