Cloudflare (NET) EBT (2018 - 2026)
Cloudflare (NET) posted EBT of -$21.4 million for Q1 2026, down 103.66% sequentially from -$10.5 million in Q4 2025, and up 41.78% YoY from -$15.1 million in Q1 2025.
Cloudflare (NET) EBT (2018 - 2026) Analysis & Trends
Cloudflare has reported EBT for 9 years, with the latest figure at -$21.4 million in 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 fell to -$21.4 million in Q1 2026 per NET's latest filing, from -$10.5 million in the prior quarter.
- Over five years, EBT peaked at $1.8 million in Q3 2025 and troughed at -$93.0 million in Q2 2023.
- A 5-year average of -$32.6 million and a median of -$33.3 million in 2024 frame the typical range for EBT.
- The widest YoY moves for EBT: up 114.43% in 2025, down 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 gained by 3.09% to -$10.5 million in 2025, then tumbled by 103.66% to -$21.4 million in 2026.
- According to Business Quant data, EBT over the past three periods registered -$21.4 million, -$10.5 million, and $1.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 44.05 Bn |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | 5.37 Bn |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 1.08 Bn |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | -156.00 Mn |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 720.20 Mn |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | -167.94 Mn |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 79.05 Mn |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | -564.00 Mn |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | 301.50 Mn |
| 10 | NetApp | 40.59 Bn | 37.00 Bn | 1.37 Bn | -412.00 Mn |
Historic Data
Download 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 |