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| Date | Value |
|---|---|
| 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 |