Cloudflare (NET) Debt Ratio (2018 - 2026)

Cloudflare (NET) posted Debt Ratio of 0.21 for Q1 2026, down 2.0% sequentially from 0.21 in Q4 2025.

Analysis

Cloudflare (NET) Debt Ratio (2018 - 2026) Analysis & Trends

Cloudflare has reported Debt Ratio for 6 years, with the latest figure at 0.21 in Q1 2026.

Quarterly Debt Ratio changed N/A year-over-year to 0.21 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.21 (changed N/A YoY) and the FY2025 annual result came in at 0.21, changed N/A from the prior year.
Debt Ratio slipped to 0.21 in Q1 2026 per NET's latest filing, from 0.21 in the prior quarter.
Over five years, Debt Ratio peaked at 0.22 in Q3 2025 and troughed at 0.01 in Q2 2023.
A 3-year average of 0.17 and a median of 0.21 in 2025 frame the typical range for Debt Ratio.

Peer Set

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Debt Ratio (Qtr)
1	Microsoft	3,718.29 Bn	3,585.54 Bn	60.48 Bn	0.05
2	Oracle	452.14 Bn	420.24 Bn	-	0.49
3	Palantir Technologies	418.25 Bn	408.84 Bn	1.64 Bn	-
4	Palo Alto Networks	265.90 Bn	262.79 Bn	2.03 Bn	0.00
5	CrowdStrike Holdings	217.15 Bn	212.14 Bn	1.10 Bn	0.06
6	Fortinet	114.54 Bn	110.47 Bn	1.64 Bn	0.05
7	Cloudflare	98.54 Bn	94.37 Bn	499.52 Mn	0.20
8	Synopsys	75.44 Bn	71.83 Bn	1.80 Bn	0.23
9	Block	49.56 Bn	43.13 Bn	3.17 Bn	0.16
10	CoreWeave	49.23 Bn	43.69 Bn	1.70 Bn	0.05

Historic Data

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