Cloudflare (NET) Enterprise Value (2018 - 2026)

Cloudflare's (NET) quarterly Enterprise Value came in at -$943.2 million in Q1 2026, down 351.65% year-on-year from $374.8 million in Q1 2025, and up 77.0% quarter-over-quarter from -$4.1 billion in Q4 2025.

Cloudflare (NET) Enterprise Value (2018 - 2026) Analysis & Trends

Cloudflare has disclosed Enterprise Value across 9 years of filings, most recently posting -$943.2 million for Q1 2026.

  • Enterprise Value for Q1 2026 came in at -$943.2 million, down 351.65% year-over-year; the trailing twelve-month figure through Mar 2026 was -$943.2 million (down 351.65% YoY), and the FY2025 annual result was -$4.1 billion, down 2598.83% from the prior year.
  • Enterprise Value came in at -$943.2 million for Q1 2026 at Cloudflare, up 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.
  • The 5-year median for Enterprise Value is -$943.2 million (2026), against an average of -$1.2 billion.
  • Across the five-year window, Enterprise Value jumped 94.58% in 2023 and plunged 2598.83% in 2025, its largest moves.
  • Cloudflare's Enterprise Value stood at -$1.6 billion in 2022, then surged by 94.58% to -$89.4 million in 2023, then tumbled by 70.01% to -$152.0 million in 2024, then slumped by 2598.83% to -$4.1 billion in 2025, then soared by 77.0% to -$943.2 million in 2026.
  • The last three Enterprise Value figures came in at -$943.2 million (Q1 2026), -$4.1 billion (Q4 2025), and -$1.1 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Enterprise Value (Qtr)
1 Microsoft 3,064.95 Bn 2,986.68 Bn 56.06 Bn -78.27 Bn
2 Alarum Technologies 1,117.04 Bn 1,102.89 Bn 7.23 Mn -14.15 Bn
3 Oracle 608.54 Bn 569.96 Bn 15.14 Bn -38.58 Bn
4 Palantir Technologies 326.97 Bn 319.05 Bn 1.42 Bn -7.92 Bn
5 Palo Alto Networks 185.10 Bn 180.56 Bn 1.91 Bn -4.54 Bn
6 CrowdStrike Holdings 165.31 Bn 162.25 Bn 993.68 Mn -3.06 Bn
7 Fortinet 105.66 Bn 102.37 Bn 1.49 Bn -3.29 Bn
8 Synopsys 89.71 Bn 89.60 Bn 1.77 Bn -117.84 Mn
9 Cloudflare 87.54 Bn 86.60 Bn 455.60 Mn -943.18 Mn
10 CoreWeave 53.90 Bn 51.63 Bn 2.01 Bn -2.27 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 -943.18 Mn
Dec 31, 2025 -4.10 Bn
Sep 30, 2025 -1.06 Bn
Jun 30, 2025 -3.96 Bn
Mar 31, 2025 -208.83 Mn
Dec 31, 2024 -151.96 Mn
Sep 30, 2024 -1.82 Bn
Jun 30, 2024 -157.97 Mn
Mar 31, 2024 -259.94 Mn
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 -152.03 Mn
Mar 31, 2022 -1.73 Bn
Dec 31, 2021 -1.82 Bn
Sep 30, 2021 -618.70 Mn
Jun 30, 2021 -250.21 Mn