Cloudflare (NET) Debt Ratio (2018 - 2026)
Cloudflare (NET) reported Debt Ratio of 0.21 for Q1 2026, down 2.0% sequentially from 0.21 in Q4 2025.
Cloudflare (NET) Debt Ratio (2018 - 2026) Analysis & Trends
Cloudflare's Debt Ratio history runs 6 years deep, the most recent figure standing at 0.21 for 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 was 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.
- Median Debt Ratio over the past 3 years was 0.21 (2025), compared with a mean of 0.17.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | ZenaTech | 82,806.72 Bn | 82,806.72 Bn | - | 0.04 |
| 2 | Microsoft | 11,085.79 Bn | 11,007.52 Bn | 56.06 Bn | 0.06 |
| 3 | Palantir Technologies | 1,073.49 Bn | 1,065.58 Bn | 1.42 Bn | - |
| 4 | Rezolve Ai | 1,009.18 Bn | 1,009.17 Bn | - | 0.02 |
| 5 | Palo Alto Networks | 824.56 Bn | 820.03 Bn | 1.91 Bn | - |
| 6 | CrowdStrike Holdings | 701.26 Bn | 698.20 Bn | 993.68 Mn | 0.07 |
| 7 | Oracle | 514.97 Bn | 476.40 Bn | 17.12 Bn | 0.47 |
| 8 | Fortinet | 456.74 Bn | 453.45 Bn | 1.49 Bn | 0.05 |
| 9 | Cloudflare | 331.63 Bn | 330.68 Bn | 455.60 Mn | 0.21 |
| 10 | Synopsys | 303.79 Bn | 303.67 Bn | 1.77 Bn | 0.21 |
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 |