Cloudflare (NET) EBIT (2018 - 2026)
Cloudflare's (NET) quarterly EBIT came in at -$205.7 million in Q2 2026, down 205.8% year-over-year from $194.4 million in Q2 2025, and down 231.8% quarter-over-quarter from -$62.0 million in Q1 2026.
Powered by 
Analysis
Cloudflare (NET) EBIT (2018 - 2026) Analysis & Trends
Cloudflare has disclosed EBIT across 9 years of filings, most recently posting -$205.7 million for Q2 2026.
- In Q2 2026, EBIT fell 205.8% year-over-year to -$205.7 million; the TTM figure through Jun 2026 stood at -$354.4 million (down 90.5% YoY), while the FY2025 annual figure was -$207.2 million, down 33.89% from the prior year.
- EBIT came in at -$205.7 million for Q2 2026 at Cloudflare, down from -$62.0 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 -$205.7 million in Q2 2026.
- Average EBIT over 5 years is -$56.5 million, with a median of -$48.3 million recorded in 2023.
- Year-over-year, EBIT jumped 38.23% in 2024 and slumped 205.8% in 2026.
- Over 5 years, EBIT stood at -$50.7 million in 2022, then advanced by 15.51% to -$42.8 million in 2023, then rose by 18.94% to -$34.7 million in 2024, then slumped by 41.81% to -$49.2 million in 2025, then slumped by 317.79% to -$205.7 million in 2026.
- Per Business Quant data, the three most recent EBIT figures were -$205.7 million in Q2 2026, -$62.0 million in Q1 2026, and -$49.2 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,717.88 Bn | 3,585.13 Bn | 60.48 Bn | 40.60 Bn |
| 2 | International Business Machines | 219.37 Bn | 208.10 Bn | 9.91 Bn | 2.62 Bn |
| 3 | Cloudflare | 113.46 Bn | 109.29 Bn | 499.52 Mn | -205.70 Mn |
| 4 | Equinix | 102.39 Bn | 100.19 Bn | 1.40 Bn | 665.00 Mn |
| 5 | Nebius | 57.34 Bn | 49.30 Bn | 448.70 Mn | -175.90 Mn |
| 6 | CoreWeave | 47.88 Bn | 42.34 Bn | 1.70 Bn | -49.00 Mn |
| 7 | Verisign | 26.51 Bn | 25.48 Bn | 384.60 Mn | 296.30 Mn |
| 8 | Nutanix | 18.85 Bn | 16.49 Bn | 651.35 Mn | 69.99 Mn |
| 9 | Akamai Technologies | 17.01 Bn | 13.65 Bn | 613.75 Mn | 80.28 Mn |
| 10 | DigitalOcean Holdings | 14.83 Bn | 14.06 Bn | 154.66 Mn | 29.37 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();