Cloudflare (NET) EBT (2018 - 2026)
Cloudflare (NET) recorded EBT of -$167.94 million in Q2 2026, compared with -$47.29 million a year earlier.
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Analysis
Cloudflare (NET) EBT (2018 - 2026) Analysis & Trends
On a TTM basis, Cloudflare's EBT came in at -$198 million as of Jun 30, 2026; for FY2025, it came in at -$92.71 million.
- Across earlier years, EBT came in at -$70.87 million in FY2024, -$177.86 million in FY2023, -$190.73 million in FY2022 and -$247.98 million in FY2021.
- The Q2 2026 figure is the lowest quarterly EBT in data going back to Q3 2018.
- Per Business Quant, the preceding three quarters came in at -$21.4 million (Q1 2026), -$10.51 million (Q4 2025) and $1.85 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,932.24 Bn | 3,855.40 Bn | 60.48 Bn | 44.05 Bn |
| 2 | International Business Machines | 219.04 Bn | 169.85 Bn | 9.91 Bn | 2.48 Bn |
| 3 | Cloudflare | 104.70 Bn | 88.23 Bn | 499.52 Mn | -167.94 Mn |
| 4 | Equinix | 97.19 Bn | 85.75 Bn | 1.40 Bn | 523.00 Mn |
| 5 | Nebius | 40.23 Bn | 13.66 Bn | 448.70 Mn | -176.70 Mn |
| 6 | CoreWeave | 33.76 Bn | 20.85 Bn | 1.70 Bn | -564.00 Mn |
| 7 | Verisign | 27.46 Bn | 24.67 Bn | 384.60 Mn | 281.60 Mn |
| 8 | Nutanix | 17.98 Bn | 9.67 Bn | 651.35 Mn | 82.72 Mn |
| 9 | GoDaddy | 13.83 Bn | 9.41 Bn | 828.20 Mn | 317.00 Mn |
| 10 | Akamai Technologies | 12.69 Bn | 6.10 Bn | 613.75 Mn | 100.03 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -167.94 Mn |
| 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 |
API Access
Cloudflare EBT 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=ebt&ticker=NET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt", "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=ebt&ticker=NET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();