Cloudflare (NET) EBT (2018 - 2026)
Cloudflare's (NET) quarterly EBT came in at -$21.4 million in Q1 2026, up 41.78% year-on-year from -$15.1 million in Q1 2025, and down 103.66% quarter-over-quarter from -$10.5 million in Q4 2025.
Cloudflare (NET) EBT (2018 - 2026) Analysis & Trends
Cloudflare has disclosed EBT across 9 years of filings, most recently posting -$21.4 million for Q1 2026.
- EBT for Q1 2026 came in at -$21.4 million, up 41.78% year-over-year; the trailing twelve-month figure through Mar 2026 was -$77.3 million (down 4.02% YoY), and the FY2025 annual result was -$92.7 million, down 30.81% from the prior year.
- EBT came in at -$21.4 million for Q1 2026 at Cloudflare, down from -$10.5 million in the prior quarter.
- In the past five years, EBT ranged from a high of $1.8 million in Q3 2025 to a low of -$93.0 million in Q2 2023.
- The 5-year median for EBT is -$33.3 million (2024), against an average of -$32.6 million.
- Peak annual rise in EBT reached 114.43% in 2025, while the deepest fall reached 239.43% in 2025.
- Cloudflare's EBT stood at -$44.8 million in 2022, then soared by 42.44% to -$25.8 million in 2023, then soared by 57.99% to -$10.8 million in 2024, then increased by 3.09% to -$10.5 million in 2025, then tumbled by 103.66% to -$21.4 million in 2026.
- The last three EBT figures came in at -$21.4 million (Q1 2026), -$10.5 million (Q4 2025), and $1.8 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,064.95 Bn | 2,986.68 Bn | 56.06 Bn | 39.34 Bn |
| 2 | Alarum Technologies | 1,117.04 Bn | 1,102.89 Bn | 7.23 Mn | 777,000.00 |
| 3 | Oracle | 608.54 Bn | 569.96 Bn | 15.14 Bn | 4.42 Bn |
| 4 | Palantir Technologies | 326.97 Bn | 319.05 Bn | 1.42 Bn | 888.60 Mn |
| 5 | Palo Alto Networks | 185.10 Bn | 180.56 Bn | 1.91 Bn | 549.00 Mn |
| 6 | CrowdStrike Holdings | 165.31 Bn | 162.25 Bn | 993.68 Mn | 57.84 Mn |
| 7 | Fortinet | 105.66 Bn | 102.37 Bn | 1.49 Bn | 656.60 Mn |
| 8 | Synopsys | 89.71 Bn | 89.60 Bn | 1.77 Bn | 79.05 Mn |
| 9 | Cloudflare | 87.54 Bn | 86.60 Bn | 455.60 Mn | -21.40 Mn |
| 10 | CoreWeave | 53.90 Bn | 51.63 Bn | 2.01 Bn | -656.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -21.40 Mn |
| Dec 31, 2025 | -10.51 Mn |
| Sep 30, 2025 | 1.85 Mn |
| Jun 30, 2025 | -47.29 Mn |
| Mar 31, 2025 | -36.76 Mn |
| Dec 31, 2024 | -10.84 Mn |
| Sep 30, 2024 | -12.82 Mn |
| Jun 30, 2024 | -13.93 Mn |
| Mar 31, 2024 | -33.27 Mn |
| Dec 31, 2023 | -25.81 Mn |
| Sep 30, 2023 | -22.28 Mn |
| Jun 30, 2023 | -93.00 Mn |
| Mar 31, 2023 | -36.77 Mn |
| Dec 31, 2022 | -44.85 Mn |
| Sep 30, 2022 | -41.17 Mn |
| Jun 30, 2022 | -63.71 Mn |
| Mar 31, 2022 | -41.01 Mn |
| Dec 31, 2021 | -56.93 Mn |
| Sep 30, 2021 | -110.43 Mn |
| Jun 30, 2021 | -39.82 Mn |