Cloudflare (NET) Debt Ratio (2018 - 2026)
Cloudflare's (NET) quarterly Debt Ratio came in at 0.21 in Q1 2026, down 2.0% quarter-over-quarter from 0.21 in Q4 2025.
Cloudflare (NET) Debt Ratio (2018 - 2026) Analysis & Trends
Cloudflare has disclosed Debt Ratio across 6 years of filings, most recently posting 0.21 for Q1 2026.
- Debt Ratio for Q1 2026 came in at 0.21, changed N/A year-over-year; the trailing twelve-month figure through Mar 2026 was 0.21 (changed N/A YoY), and the FY2025 annual result was 0.21, changed N/A from the prior year.
- Debt Ratio came in at 0.21 for Q1 2026 at Cloudflare, down from 0.21 in the prior quarter.
- In the past five years, Debt Ratio ranged from a high of 0.22 in Q3 2025 to a low of 0.01 in Q2 2023.
- The 3-year median for Debt Ratio is 0.21 (2025), against an average of 0.17.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,064.95 Bn | 2,986.68 Bn | 56.06 Bn | 0.06 |
| 2 | Alarum Technologies | 1,117.04 Bn | 1,102.89 Bn | 7.23 Mn | - |
| 3 | Oracle | 608.54 Bn | 569.96 Bn | 15.14 Bn | 0.51 |
| 4 | Palantir Technologies | 326.97 Bn | 319.05 Bn | 1.42 Bn | - |
| 5 | Palo Alto Networks | 185.10 Bn | 180.56 Bn | 1.91 Bn | - |
| 6 | CrowdStrike Holdings | 165.31 Bn | 162.25 Bn | 993.68 Mn | 0.07 |
| 7 | Fortinet | 105.66 Bn | 102.37 Bn | 1.49 Bn | 0.05 |
| 8 | Synopsys | 89.71 Bn | 89.60 Bn | 1.77 Bn | 0.21 |
| 9 | Cloudflare | 87.54 Bn | 86.60 Bn | 455.60 Mn | 0.21 |
| 10 | CoreWeave | 53.90 Bn | 51.63 Bn | 2.01 Bn | 0.45 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.21 |
| Dec 31, 2025 | 0.21 |
| Sep 30, 2025 | 0.22 |
| Jun 30, 2023 | 0.01 |
| Dec 31, 2021 | 0.01 |
| Sep 30, 2019 | 0.00 |
| Dec 31, 2018 | 0.00 |