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
DateValue
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