Cloudflare (NET) EBIT (2018 - 2026)
Cloudflare (NET) reported EBIT of -$62.0 million for Q1 2026, down 16.43% year-over-year from -$74.2 million in Q1 2025, and down 25.92% sequentially from -$49.2 million in Q4 2025.
Cloudflare (NET) EBIT (2018 - 2026) Analysis & Trends
Cloudflare's EBIT history runs 9 years deep, the most recent figure standing at -$62.0 million for Q1 2026.
- Quarterly EBIT fell 16.43% year-over-year to -$62.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$216.0 million (down 40.72% YoY) and the FY2025 annual result came in at -$207.2 million, down 33.89% from the prior year.
- EBIT was -$62.0 million for Q1 2026 at Cloudflare, down from -$49.2 million in the prior quarter.
- In the past five years, EBIT ranged from a high of -$30.8 million in Q3 2024 to a low of -$67.3 million in Q2 2025.
- Median EBIT over the past 5 years was -$47.3 million (2023), compared with a mean of -$47.7 million.
- Across the five-year window, EBIT tumbled 123.54% in 2022 and surged 38.23% in 2024, its largest moves.
- Over 5 years, EBIT stood at -$50.7 million in 2022, then gained by 15.51% to -$42.8 million in 2023, then increased by 18.94% to -$34.7 million in 2024, then tumbled by 41.81% to -$49.2 million in 2025, then dropped by 25.92% to -$62.0 million in 2026.
- Business Quant data shows NET's EBIT at -$62.0 million in Q1 2026, -$49.2 million in Q4 2025, and -$37.5 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT (Qtr) |
|---|---|---|---|---|---|
| 1 | ZenaTech | 82,806.72 Bn | 82,806.72 Bn | - | -9.77 Mn |
| 2 | Microsoft | 11,085.79 Bn | 11,007.52 Bn | 56.06 Bn | 38.40 Bn |
| 3 | Palantir Technologies | 1,073.49 Bn | 1,065.58 Bn | 1.42 Bn | 754.00 Mn |
| 4 | Rezolve Ai | 1,009.18 Bn | 1,009.17 Bn | - | - |
| 5 | Palo Alto Networks | 824.56 Bn | 820.03 Bn | 1.91 Bn | 397.00 Mn |
| 6 | CrowdStrike Holdings | 701.26 Bn | 698.20 Bn | 993.68 Mn | 13.79 Mn |
| 7 | Oracle | 514.97 Bn | 476.40 Bn | 17.12 Bn | 6.13 Bn |
| 8 | Fortinet | 456.74 Bn | 453.45 Bn | 1.49 Bn | 580.00 Mn |
| 9 | Cloudflare | 331.63 Bn | 330.68 Bn | 455.60 Mn | -61.99 Mn |
| 10 | Synopsys | 303.79 Bn | 303.67 Bn | 1.77 Bn | 203.05 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | -28.87 Mn |