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.

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 Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Microsoft 3,679.34 Bn 3,546.58 Bn 60.48 Bn 0.05
2 Oracle 433.50 Bn 402.15 Bn - 0.47
3 Palantir Technologies 418.20 Bn 408.90 Bn 1.64 Bn -
4 Palo Alto Networks 312.41 Bn 309.30 Bn 2.03 Bn 0.00
5 Fortinet 117.38 Bn 113.31 Bn 1.64 Bn 0.05
6 Cloudflare 101.74 Bn 97.57 Bn 499.52 Mn 0.20
7 Synopsys 80.70 Bn 78.49 Bn 1.77 Bn 0.21
8 CoreWeave 58.00 Bn 52.46 Bn 1.70 Bn 0.05
9 Block 49.79 Bn 43.33 Bn 3.17 Bn 0.16
10 NetApp 40.59 Bn 37.00 Bn 1.37 Bn 0.23

Historic Data

Download Data
DateValue
Jun 30, 2026 0.20
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