Cloudflare (NET) EBIT (2018 - 2026)
Cloudflare's EBIT came in at -$205.7 million for Q2 2026, compared with -$67.26 million a year earlier.
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Analysis
Cloudflare (NET) EBIT (2018 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Cloudflare reported EBIT of -$354.38 million; for FY2025, it came in at -$207.21 million.
- Going back by year, EBIT was -$154.76 million in FY2024, -$185.49 million in FY2023, -$201.2 million in FY2022 and -$127.68 million in FY2021.
- The Q2 2026 figure represents the lowest quarterly EBIT in data going back to Q3 2018.
- Business Quant data shows NET's EBIT at -$61.99 million (Q1 2026), -$49.23 million (Q4 2025) and -$37.46 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,932.24 Bn | 3,855.40 Bn | 60.48 Bn | 40.60 Bn |
| 2 | International Business Machines | 219.04 Bn | 169.85 Bn | 9.91 Bn | 2.62 Bn |
| 3 | Cloudflare | 104.70 Bn | 88.23 Bn | 499.52 Mn | -205.70 Mn |
| 4 | Equinix | 97.19 Bn | 85.75 Bn | 1.40 Bn | 665.00 Mn |
| 5 | Nebius | 40.23 Bn | 13.66 Bn | 448.70 Mn | -175.90 Mn |
| 6 | CoreWeave | 33.76 Bn | 20.85 Bn | 1.70 Bn | -49.00 Mn |
| 7 | Verisign | 27.46 Bn | 24.67 Bn | 384.60 Mn | 296.30 Mn |
| 8 | Nutanix | 17.98 Bn | 9.67 Bn | 651.35 Mn | 69.99 Mn |
| 9 | GoDaddy | 13.83 Bn | 9.41 Bn | 828.20 Mn | 342.50 Mn |
| 10 | Akamai Technologies | 12.69 Bn | 6.10 Bn | 613.75 Mn | 80.28 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -205.70 Mn |
| Mar 31, 2026 | -61.99 Mn |
| Dec 31, 2025 | -49.23 Mn |
| Sep 30, 2025 | -37.46 Mn |
| Jun 30, 2025 | -67.26 Mn |
| Mar 31, 2025 | -53.25 Mn |
| Dec 31, 2024 | -34.72 Mn |
| Sep 30, 2024 | -30.79 Mn |
| Jun 30, 2024 | -34.70 Mn |
| Mar 31, 2024 | -54.55 Mn |
| Dec 31, 2023 | -42.83 Mn |
| Sep 30, 2023 | -39.21 Mn |
| Jun 30, 2023 | -56.17 Mn |
| Mar 31, 2023 | -47.27 Mn |
| Dec 31, 2022 | -50.69 Mn |
| Sep 30, 2022 | -45.95 Mn |
| Jun 30, 2022 | -64.54 Mn |
| Mar 31, 2022 | -40.02 Mn |
| Dec 31, 2021 | -41.06 Mn |
| Sep 30, 2021 | -26.49 Mn |
API Access
Cloudflare EBIT 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=ebit&ticker=NET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebit", "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=ebit&ticker=NET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();