Cloudflare (NET) Depreciation & Amortization (CF) (2018 - 2026)
Cloudflare's Depreciation & Amortization (CF) came in at $65.36 million for Q2 2026, up 43.7% from $45.48 million a year earlier and up 13.0% from the prior quarter.
Powered by 
Analysis
Cloudflare (NET) Depreciation & Amortization (CF) (2018 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Cloudflare reported Depreciation & Amortization (CF) of $225.22 million, up 44.7% year-over-year; for FY2025, it was $189.74 million, up 48.6% from FY2024.
- Depreciation & Amortization (CF) carries a five-year compound annual growth rate of 30.9% (FY2020 to FY2025).
- Going back by year, Depreciation & Amortization (CF) was $127.72 million in FY2024 (-6.0%), $135.82 million in FY2023 (+32.7%), $102.34 million in FY2022 (+53.6%) and $66.61 million in FY2021 (+34.9%).
- The Q2 2026 figure represents the highest quarterly Depreciation & Amortization (CF) in data going back to Q3 2018.
- Year-over-year, Depreciation & Amortization (CF) has increased for seven consecutive quarters, with growth averaging 33.4% over the last eight quarters.
- The fastest year-over-year change in Depreciation & Amortization (CF) over five years came in Q4 2022 (growth of 61.6%), and the weakest in Q2 2024 (a decline of 11.9%).
- Business Quant data shows NET's Depreciation & Amortization (CF) at $57.81 million (Q1 2026), $52.59 million (Q4 2025) and $49.47 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Dep. & Amort. (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,932.24 Bn | 3,855.40 Bn | 60.48 Bn | 11.02 Bn |
| 2 | International Business Machines | 219.04 Bn | 169.85 Bn | 9.91 Bn | 533.00 Mn |
| 3 | Cloudflare | 104.70 Bn | 88.23 Bn | 499.52 Mn | 65.36 Mn |
| 4 | Equinix | 97.19 Bn | 85.75 Bn | 1.40 Bn | 557.00 Mn |
| 5 | Nebius | 40.23 Bn | 13.66 Bn | 448.70 Mn | 253.80 Mn |
| 6 | CoreWeave | 33.76 Bn | 20.85 Bn | 1.70 Bn | 1.39 Bn |
| 7 | Verisign | 27.46 Bn | 24.67 Bn | 384.60 Mn | 6.60 Mn |
| 8 | Nutanix | 17.98 Bn | 9.67 Bn | 651.35 Mn | 17.06 Mn |
| 9 | GoDaddy | 13.83 Bn | 9.41 Bn | 828.20 Mn | 13.30 Mn |
| 10 | Akamai Technologies | 12.69 Bn | 6.10 Bn | 613.75 Mn | 185.54 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 65.36 Mn |
| Mar 31, 2026 | 57.81 Mn |
| Dec 31, 2025 | 52.59 Mn |
| Sep 30, 2025 | 49.47 Mn |
| Jun 30, 2025 | 45.48 Mn |
| Mar 31, 2025 | 42.21 Mn |
| Dec 31, 2024 | 36.25 Mn |
| Sep 30, 2024 | 31.71 Mn |
| Jun 30, 2024 | 29.66 Mn |
| Mar 31, 2024 | 30.11 Mn |
| Dec 31, 2023 | 36.18 Mn |
| Sep 30, 2023 | 34.46 Mn |
| Jun 30, 2023 | 33.67 Mn |
| Mar 31, 2023 | 31.51 Mn |
| Dec 31, 2022 | 29.63 Mn |
| Sep 30, 2022 | 27.35 Mn |
| Jun 30, 2022 | 25.34 Mn |
| Mar 31, 2022 | 20.01 Mn |
| Dec 31, 2021 | 18.33 Mn |
| Sep 30, 2021 | 17.03 Mn |
API Access
Cloudflare Depreciation & Amortization (CF) 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=depreciation-and-amortization-cf&ticker=NET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "depreciation-and-amortization-cf", "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=depreciation-and-amortization-cf&ticker=NET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();