Cloudflare (NET) Depreciation and Depletion (2018 - 2026)
Cloudflare (NET) posted Depreciation and Depletion of $51.5 million for Q2 2026, up 28.4% from $40.1 million a year earlier and up 4.7% from the prior quarter.
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Analysis
Cloudflare (NET) Depreciation and Depletion (2018 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Depreciation and Depletion at Cloudflare was $191 million, up 39.7% year-over-year; for FY2025, it came in at $167.5 million, up 52.4% from FY2024.
- Annual Depreciation and Depletion shows a five-year compound annual growth rate of 29.6% (FY2020 to FY2025).
- In prior years, Cloudflare's Depreciation and Depletion was $109.9 million in FY2024 (-3.1%), $113.4 million in FY2023 (+33.7%), $84.8 million in FY2022 (+36.1%) and $62.3 million in FY2021 (+35.7%).
- The Q2 2026 figure stands as the highest quarterly Depreciation and Depletion in data going back to Q3 2018.
- On a year-over-year basis, Depreciation and Depletion has increased in each of the last seven quarters, with growth averaging 34.0% over the last eight quarters.
- The strongest year-over-year quarter for Depreciation and Depletion in the past five years was Q3 2025, with growth of 56.6%; the weakest was Q2 2024, with a decline of 7.4%.
- According to Business Quant data, Depreciation and Depletion for the three prior quarters was $49.2 million (Q1 2026), $46.6 million (Q4 2025) and $43.7 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Dep. & Depletion (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,932.24 Bn | 3,855.40 Bn | 60.48 Bn | 10.30 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 | 51.50 Mn |
| 4 | Equinix | 97.19 Bn | 85.75 Bn | 1.40 Bn | - |
| 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 | 1.40 Bn |
| 7 | Verisign | 27.46 Bn | 24.67 Bn | 384.60 Mn | - |
| 8 | Nutanix | 17.98 Bn | 9.67 Bn | 651.35 Mn | 16.30 Mn |
| 9 | GoDaddy | 13.83 Bn | 9.41 Bn | 828.20 Mn | - |
| 10 | Akamai Technologies | 12.69 Bn | 6.10 Bn | 613.75 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 51.50 Mn |
| Mar 31, 2026 | 49.20 Mn |
| Dec 31, 2025 | 46.60 Mn |
| Sep 30, 2025 | 43.70 Mn |
| Jun 30, 2025 | 40.10 Mn |
| Mar 31, 2025 | 37.10 Mn |
| Dec 31, 2024 | 31.60 Mn |
| Sep 30, 2024 | 27.90 Mn |
| Jun 30, 2024 | 26.30 Mn |
| Mar 31, 2024 | 24.10 Mn |
| Dec 31, 2023 | 30.20 Mn |
| Sep 30, 2023 | 29.00 Mn |
| Jun 30, 2023 | 28.40 Mn |
| Mar 31, 2023 | 25.80 Mn |
| Dec 31, 2022 | 24.00 Mn |
| Sep 30, 2022 | 21.90 Mn |
| Jun 30, 2022 | 20.00 Mn |
| Mar 31, 2022 | 18.90 Mn |
| Dec 31, 2021 | 17.10 Mn |
| Sep 30, 2021 | 16.10 Mn |
API Access
Cloudflare Depreciation and Depletion 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-depletion&ticker=NET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "depreciation-and-depletion", "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-depletion&ticker=NET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();