Cloudflare (NET) Enterprise Value (2019 - 2026)
Cloudflare's (NET) quarterly Enterprise Value came in at $74.9 billion in Q2 2026, up 30.71% year-over-year from $57.3 billion in Q2 2025, and up 21.3% quarter-over-quarter from $61.7 billion in Q1 2026.
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Analysis
Cloudflare (NET) Enterprise Value (2019 - 2026) Analysis & Trends
Cloudflare has disclosed Enterprise Value across 8 years of filings, most recently posting $74.9 billion for Q2 2026.
- In Q2 2026, Enterprise Value rose 30.71% year-over-year to $74.9 billion; the TTM figure through Jun 2026 stood at $74.9 billion (up 30.71% YoY), while the FY2025 annual figure was $58.5 billion, up 86.78% from the prior year.
- Enterprise Value came in at $74.9 billion for Q2 2026 at Cloudflare, up from $61.7 billion in the prior quarter.
- In the past five years, Enterprise Value ranged from a high of $74.9 billion in Q2 2026 to a low of $10.7 billion in Q2 2022.
- Average Enterprise Value over 5 years is $33.1 billion, with a median of $25.4 billion recorded in 2024.
- Year-over-year, Enterprise Value plunged 67.42% in 2022 and soared 177.93% in 2025.
- Over 5 years, Enterprise Value stood at $11.3 billion in 2022, then soared by 104.72% to $23.1 billion in 2023, then jumped by 35.22% to $31.3 billion in 2024, then surged by 86.78% to $58.5 billion in 2025, then gained by 28.06% to $74.9 billion in 2026.
- Per Business Quant data, the three most recent Enterprise Value figures were $74.9 billion in Q2 2026, $61.7 billion in Q1 2026, and $58.5 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Microsoft | 3,717.88 Bn | 3,585.13 Bn | 60.48 Bn |
| 2 | International Business Machines | 219.37 Bn | 208.10 Bn | 9.91 Bn |
| 3 | Cloudflare | 113.46 Bn | 109.29 Bn | 499.52 Mn |
| 4 | Equinix | 102.39 Bn | 100.19 Bn | 1.40 Bn |
| 5 | Nebius | 57.34 Bn | 49.30 Bn | 448.70 Mn |
| 6 | CoreWeave | 47.88 Bn | 42.34 Bn | 1.70 Bn |
| 7 | Verisign | 26.51 Bn | 25.48 Bn | 384.60 Mn |
| 8 | Nutanix | 18.85 Bn | 16.49 Bn | 651.35 Mn |
| 9 | Akamai Technologies | 17.01 Bn | 13.65 Bn | 613.75 Mn |
| 10 | DigitalOcean Holdings | 14.83 Bn | 14.06 Bn | 154.66 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 74.86 Bn |
| Mar 31, 2026 | 61.72 Bn |
| Dec 31, 2025 | 58.46 Bn |
| Sep 30, 2025 | 63.59 Bn |
| Jun 30, 2025 | 57.27 Bn |
| Mar 31, 2025 | 33.02 Bn |
| Dec 31, 2024 | 31.30 Bn |
| Sep 30, 2024 | 22.88 Bn |
| Jun 30, 2024 | 23.37 Bn |
| Mar 31, 2024 | 27.43 Bn |
| Dec 31, 2023 | 23.15 Bn |
| Sep 30, 2023 | 17.06 Bn |
| Jun 30, 2023 | 17.49 Bn |
| Mar 31, 2023 | 16.13 Bn |
| Dec 31, 2022 | 11.31 Bn |
| Sep 30, 2022 | 14.08 Bn |
| Jun 30, 2022 | 10.73 Bn |
| Mar 31, 2022 | 31.84 Bn |
| Dec 31, 2021 | 34.70 Bn |
| Sep 30, 2021 | 29.00 Bn |
API Access
Cloudflare Enterprise Value 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=enterprise-value&ticker=NET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "enterprise-value", "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=enterprise-value&ticker=NET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();