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
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