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| Date | Value |
|---|---|
| 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 |