Cloudflare (NET) Convertible Debt (2020 - 2025)
Cloudflare's Convertible Debt history spans 6 years, with the latest figure at $2.0 billion for Q4 2025.
- For Q4 2025, Convertible Debt rose 53.35% year-over-year to $2.0 billion; the TTM value through Dec 2025 reached $2.0 billion, up 53.35%, while the annual FY2025 figure was $2.0 billion, 53.35% up from the prior year.
- Convertible Debt for Q4 2025 was $2.0 billion at Cloudflare, roughly flat from $2.0 billion in the prior quarter.
- Across five years, Convertible Debt topped out at $3.3 billion in Q2 2025 and bottomed at $392.2 million in Q1 2021.
- The 5-year median for Convertible Debt is $1.3 billion (2024), against an average of $1.4 billion.
- The largest annual shift saw Convertible Debt surged 265.26% in 2022 before it dropped 10.64% in 2024.
- A 5-year view of Convertible Debt shows it stood at $1.1 billion in 2021, then grew by 25.23% to $1.4 billion in 2022, then dropped by 10.64% to $1.3 billion in 2023, then rose by 0.31% to $1.3 billion in 2024, then skyrocketed by 53.35% to $2.0 billion in 2025.
- Per Business Quant, the three most recent readings for NET's Convertible Debt are $2.0 billion (Q4 2025), $2.0 billion (Q3 2025), and $3.3 billion (Q2 2025).