Cloudflare (NET) Enterprise Value (2019 - 2026)
Cloudflare's Enterprise Value was $74.86 billion in Q2 2026, up 30.7% from $57.27 billion a year earlier and up 21.3% from the prior quarter.
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Analysis
Cloudflare (NET) Enterprise Value (2019 - 2026) Analysis & Trends
On a trailing twelve-month basis, Cloudflare's Enterprise Value was $62.55 billion through Jun 30, 2026, up 21.0% year-over-year; for FY2025, it was $58.46 billion, up 86.8% from FY2024.
- Enterprise Value has now increased for three consecutive years, with a five-year compound annual growth rate of 21.1% (FY2020 to FY2025).
- In earlier years, Enterprise Value was $31.3 billion in FY2024 (+35.2%), $23.15 billion in FY2023 (+104.7%), $11.31 billion in FY2022 (-67.4%) and $34.7 billion in FY2021 (+54.7%).
- The Q2 2026 figure marks the highest quarterly Enterprise Value in data going back to Q3 2019.
- Compared with a year earlier, Enterprise Value has increased for 13 straight quarters, with growth averaging 77.1% over the last eight quarters.
- The best year-over-year quarter for Enterprise Value over five years was Q3 2025 (growth of 177.9%); the worst was Q4 2022 (a decline of 67.4%).
- Per Business Quant data, NET's Enterprise Value in the three quarters before Q2 2026 was $61.72 billion (Q1 2026), $58.46 billion (Q4 2025) and $63.59 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Microsoft | 3,932.24 Bn | 3,855.40 Bn | 60.48 Bn |
| 2 | International Business Machines | 219.04 Bn | 169.85 Bn | 9.91 Bn |
| 3 | Cloudflare | 104.70 Bn | 88.23 Bn | 499.52 Mn |
| 4 | Equinix | 97.19 Bn | 85.75 Bn | 1.40 Bn |
| 5 | Nebius | 40.23 Bn | 13.66 Bn | 448.70 Mn |
| 6 | CoreWeave | 33.76 Bn | 20.85 Bn | 1.70 Bn |
| 7 | Verisign | 27.46 Bn | 24.67 Bn | 384.60 Mn |
| 8 | Nutanix | 17.98 Bn | 9.67 Bn | 651.35 Mn |
| 9 | GoDaddy | 13.83 Bn | 9.41 Bn | 828.20 Mn |
| 10 | Akamai Technologies | 12.69 Bn | 6.10 Bn | 613.75 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();