Cloudflare (NET) EBT (2018 - 2026)
Cloudflare (NET) reported EBT of -$21.4 million for Q1 2026, up 41.78% year-over-year from -$15.1 million in Q1 2025, and down 103.66% sequentially from -$10.5 million in Q4 2025.
Cloudflare (NET) EBT (2018 - 2026) Analysis & Trends
Cloudflare's EBT history runs 9 years deep, the most recent figure standing at -$21.4 million for Q1 2026.
- Quarterly EBT rose 41.78% year-over-year to -$21.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$77.3 million (down 4.02% YoY) and the FY2025 annual result came in at -$92.7 million, down 30.81% from the prior year.
- EBT was -$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.
- Median EBT over the past 5 years was -$33.3 million (2024), compared with a mean of -$32.6 million.
- On a YoY basis, EBT climbed as much as 114.43% in 2025 and fell as far as 239.43% in 2025.
- Over 5 years, EBT stood at -$44.8 million in 2022, then surged by 42.44% to -$25.8 million in 2023, then surged by 57.99% to -$10.8 million in 2024, then grew by 3.09% to -$10.5 million in 2025, then slumped by 103.66% to -$21.4 million in 2026.
- Business Quant data shows NET's EBT at -$21.4 million in Q1 2026, -$10.5 million in Q4 2025, and $1.8 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (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 | 39.34 Bn |
| 3 | Palantir Technologies | 1,073.49 Bn | 1,065.58 Bn | 1.42 Bn | 888.60 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 | 549.00 Mn |
| 6 | CrowdStrike Holdings | 701.26 Bn | 698.20 Bn | 993.68 Mn | 57.84 Mn |
| 7 | Oracle | 514.97 Bn | 476.40 Bn | 17.12 Bn | 5.37 Bn |
| 8 | Fortinet | 456.74 Bn | 453.45 Bn | 1.49 Bn | 656.60 Mn |
| 9 | Cloudflare | 331.63 Bn | 330.68 Bn | 455.60 Mn | -21.40 Mn |
| 10 | Synopsys | 303.79 Bn | 303.67 Bn | 1.77 Bn | 79.05 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 |