Cloudflare (NET) Equity Average (2018 - 2026)
Cloudflare's (NET) quarterly Equity Average came in at $1.5 billion in Q1 2026, up 20.78% year-on-year from $1.2 billion in Q1 2025, and up 6.4% quarter-over-quarter from $1.4 billion in Q4 2025.
Cloudflare (NET) Equity Average (2018 - 2026) Analysis & Trends
Cloudflare has disclosed Equity Average across 9 years of filings, most recently posting $1.5 billion for Q1 2026.
- Equity Average for Q1 2026 came in at $1.5 billion, up 20.78% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.5 billion (up 20.78% YoY), and the FY2025 annual result was $1.3 billion, up 38.47% from the prior year.
- Equity Average came in at $1.5 billion for Q1 2026 at Cloudflare, up from $1.4 billion in the prior quarter.
- In the past five years, Equity Average ranged from a high of $1.5 billion in Q1 2026 to a low of $548.0 million in Q2 2022.
- The 5-year median for Equity Average is $780.1 million (2024), against an average of $906.4 million.
- Across the five-year window, Equity Average sank 31.72% in 2022 and surged 58.78% in 2025, its largest moves.
- Cloudflare's Equity Average stood at $609.0 million in 2022, then grew by 20.06% to $731.2 million in 2023, then soared by 38.09% to $1.0 billion in 2024, then surged by 38.97% to $1.4 billion in 2025, then rose by 6.4% to $1.5 billion in 2026.
- The last three Equity Average figures came in at $1.5 billion (Q1 2026), $1.4 billion (Q4 2025), and $1.3 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Equity Avg. (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,064.95 Bn | 2,986.68 Bn | 56.06 Bn | 263.58 Bn |
| 2 | Alarum Technologies | 1,117.04 Bn | 1,102.89 Bn | 7.23 Mn | - |
| 3 | Oracle | 608.54 Bn | 569.96 Bn | 15.14 Bn | 39.54 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 | 9.03 Bn |
| 6 | CrowdStrike Holdings | 165.31 Bn | 162.25 Bn | 993.68 Mn | 4.22 Bn |
| 7 | Fortinet | 105.66 Bn | 102.37 Bn | 1.49 Bn | 1.11 Bn |
| 8 | Synopsys | 89.71 Bn | 89.60 Bn | 1.77 Bn | 29.44 Bn |
| 9 | Cloudflare | 87.54 Bn | 86.60 Bn | 455.60 Mn | 1.49 Bn |
| 10 | CoreWeave | 53.90 Bn | 51.63 Bn | 2.01 Bn | 4.05 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.49 Bn |
| Dec 31, 2025 | 1.40 Bn |
| Sep 30, 2025 | 1.29 Bn |
| Jun 30, 2025 | 1.33 Bn |
| Mar 31, 2025 | 1.24 Bn |
| Dec 31, 2024 | 1.01 Bn |
| Sep 30, 2024 | 927.32 Mn |
| Jun 30, 2024 | 839.38 Mn |
| Mar 31, 2024 | 780.14 Mn |
| Dec 31, 2023 | 731.15 Mn |
| Sep 30, 2023 | 670.55 Mn |
| Jun 30, 2023 | 647.21 Mn |
| Mar 31, 2023 | 638.28 Mn |
| Dec 31, 2022 | 608.98 Mn |
| Sep 30, 2022 | 587.24 Mn |
| Jun 30, 2022 | 547.98 Mn |
| Mar 31, 2022 | 663.42 Mn |
| Dec 31, 2021 | 832.25 Mn |
| Sep 30, 2021 | 827.12 Mn |
| Jun 30, 2021 | 802.57 Mn |