Cloudflare (NET) Enterprise Value (2018 - 2026)
Cloudflare (NET) reported Enterprise Value of -$943.2 million for Q1 2026, up 50.74% on a YoY basis from -$625.7 million in Q1 2025, and up 77.0% sequentially from -$4.1 billion in Q4 2025.
Cloudflare (NET) Enterprise Value (2018 - 2026) Analysis & Trends
Cloudflare (NET) has 9 years of Enterprise Value data on file, last reported at -$943.2 million in Q1 2026.
- For the quarter ending Q1 2026, Enterprise Value rose 50.74% year-over-year to -$943.2 million; the trailing twelve-month figure through Mar 2026 stood at -$943.2 million (up 50.74% YoY), and the FY2025 full-year result was -$4.1 billion, down 2598.83% from the prior year.
- Enterprise Value advanced to -$943.2 million in Q1 2026, from -$4.1 billion in the prior quarter.
- In the past five years, Enterprise Value ranged from a high of -$89.4 million in Q4 2023 to a low of -$4.1 billion in Q4 2025.
- A 5-year average of -$1.7 billion and a median of -$1.6 billion in 2022 frame the typical range for Enterprise Value.
- Across the five-year window, Enterprise Value jumped 94.58% in 2023 and slumped 2598.83% in 2025, its largest moves.
- Tracing NET's Enterprise Value over 5 years: stood at -$1.6 billion in 2022, then jumped by 94.58% to -$89.4 million in 2023, then plunged by 70.01% to -$152.0 million in 2024, then tumbled by 2598.83% to -$4.1 billion in 2025, then surged by 77.0% to -$943.2 million in 2026.
- Business Quant data shows NET's Enterprise Value at -$943.2 million in Q1 2026, -$4.1 billion in Q4 2025, and -$4.0 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,842.90 Bn | 2,718.46 Bn | 56.06 Bn | -124.44 Bn |
| 2 | PagSeguro Digital | 2,572.26 Bn | 2,572.26 Bn | 358.92 Mn | -331.99 Mn |
| 3 | Oracle | 329.59 Bn | 297.69 Bn | - | -31.35 Bn |
| 4 | Repay Holdings | 314.63 Bn | 314.48 Bn | - | -147.67 Mn |
| 5 | Palantir Technologies | 294.47 Bn | 286.44 Bn | 1.42 Bn | -7.92 Bn |
| 6 | Palo Alto Networks | 227.51 Bn | 222.98 Bn | 1.91 Bn | -4.54 Bn |
| 7 | CrowdStrike Holdings | 183.28 Bn | 180.18 Bn | 993.68 Mn | -3.06 Bn |
| 8 | Fortinet | 112.44 Bn | 109.14 Bn | 1.49 Bn | -3.29 Bn |
| 9 | Cloudflare | 92.78 Bn | 91.83 Bn | 455.60 Mn | -943.18 Mn |
| 10 | Synopsys | 70.83 Bn | 68.63 Bn | 1.77 Bn | -2.20 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -943.18 Mn |
| Dec 31, 2025 | -4.10 Bn |
| Sep 30, 2025 | -4.04 Bn |
| Jun 30, 2025 | -3.96 Bn |
| Mar 31, 2025 | -1.91 Bn |
| Dec 31, 2024 | -151.96 Mn |
| Sep 30, 2024 | -1.82 Bn |
| Jun 30, 2024 | -1.76 Bn |
| Mar 31, 2024 | -1.72 Bn |
| Dec 31, 2023 | -89.39 Mn |
| Sep 30, 2023 | -95.76 Mn |
| Jun 30, 2023 | -1.58 Bn |
| Mar 31, 2023 | -266.87 Mn |
| Dec 31, 2022 | -1.65 Bn |
| Sep 30, 2022 | -1.64 Bn |
| Jun 30, 2022 | -1.64 Bn |
| Mar 31, 2022 | -1.73 Bn |
| Dec 31, 2021 | -1.82 Bn |
| Sep 30, 2021 | -1.81 Bn |
| Jun 30, 2021 | -250.21 Mn |