Cloudflare (NET) Debt Ratio (2018 - 2026)
Cloudflare's Debt Ratio came in at 0.20 for Q2 2026, down 4.7% from the prior quarter.
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Analysis
Cloudflare (NET) Debt Ratio (2018 - 2026) Analysis & Trends
For FY2025, Cloudflare's Debt Ratio was 0.21.
- Going back by year, Debt Ratio was 0.01 in FY2021.
- The Q2 2026 figure represents the lowest quarterly Debt Ratio since Q2 2023.
- Business Quant data shows NET's Debt Ratio at 0.21 (Q1 2026), 0.21 (Q4 2025) and 0.22 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,978.22 Bn | 3,913.71 Bn | 62.56 Bn | 0.05 |
| 2 | International Business Machines | 234.30 Bn | 188.91 Bn | 9.71 Bn | 0.41 |
| 3 | Equinix | 98.75 Bn | 86.64 Bn | 1.31 Bn | 0.51 |
| 4 | Cloudflare | 87.20 Bn | 70.73 Bn | 499.52 Mn | 0.20 |
| 5 | Nebius | 29.33 Bn | 2.76 Bn | 448.70 Mn | 0.31 |
| 6 | Verisign | 28.15 Bn | 25.50 Bn | 393.20 Mn | 1.40 |
| 7 | CoreWeave | 24.27 Bn | 11.36 Bn | 1.70 Bn | 0.05 |
| 8 | Nutanix | 15.78 Bn | 7.47 Bn | 651.35 Mn | - |
| 9 | GoDaddy | 15.07 Bn | 10.45 Bn | 843.00 Mn | 0.48 |
| 10 | Akamai Technologies | 11.38 Bn | 4.78 Bn | 613.75 Mn | 0.11 |
Historic Data
Download Data
Historic 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 |
API Access
Cloudflare Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=NET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "NET", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=NET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();