Cloudflare (NET) EBT (2018 - 2026)

Cloudflare (NET) reported EBT of -$21.4 million for Q1 2026, up 41.78% on a YoY basis 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 (NET) has 9 years of EBT data on file, last reported at -$21.4 million in Q1 2026.

  • For the quarter ending Q1 2026, EBT rose 41.78% year-over-year to -$21.4 million; the trailing twelve-month figure through Mar 2026 stood at -$77.3 million (down 4.02% YoY), and the FY2025 full-year result was -$92.7 million, down 30.81% from the prior year.
  • EBT fell to -$21.4 million in Q1 2026, 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.
  • A 5-year average of -$32.6 million and a median of -$33.3 million in 2024 frame the typical range for EBT.
  • Peak annual rise in EBT reached 114.43% in 2025, while the deepest fall reached 239.43% in 2025.
  • Tracing NET's EBT over 5 years: 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 plunged 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT (Qtr)
1 Microsoft 2,834.76 Bn 2,710.32 Bn 56.06 Bn 39.34 Bn
2 PagSeguro Digital 2,643.44 Bn 2,643.44 Bn 358.92 Mn 117.99 Mn
3 Oracle 345.72 Bn 314.37 Bn - 5.37 Bn
4 Repay Holdings 297.29 Bn 297.14 Bn - -
5 Palantir Technologies 295.33 Bn 287.41 Bn 1.42 Bn 888.60 Mn
6 Pagaya Technologies 249.07 Bn 249.08 Bn 140.38 Mn 27.31 Mn
7 Palo Alto Networks 228.92 Bn 224.38 Bn 1.91 Bn 549.00 Mn
8 CrowdStrike Holdings 183.84 Bn 180.79 Bn 993.68 Mn 57.84 Mn
9 Fortinet 111.23 Bn 107.94 Bn 1.49 Bn 656.60 Mn
10 Cloudflare 92.51 Bn 91.57 Bn 455.60 Mn -21.40 Mn

Historic Data

Download Data
DateValue
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