Cloudflare (NET) Equity Ratio (2018 - 2026)

Cloudflare's (NET) quarterly Equity Ratio came in at 0.25 in Q1 2026, down 35.36% year-on-year from 0.38 in Q1 2025, and up 2.46% quarter-over-quarter from 0.24 in Q4 2025.

Cloudflare (NET) Equity Ratio (2018 - 2026) Analysis & Trends

Cloudflare has disclosed Equity Ratio across 9 years of filings, most recently posting 0.25 for Q1 2026.

  • Equity Ratio for Q1 2026 came in at 0.25, down 35.36% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.25 (down 35.36% YoY), and the FY2025 annual result was 0.24, down 23.73% from the prior year.
  • Equity Ratio came in at 0.25 for Q1 2026 at Cloudflare, up from 0.24 in the prior quarter.
  • In the past five years, Equity Ratio ranged from a high of 0.38 in Q1 2025 to a low of 0.22 in Q1 2022.
  • The 5-year median for Equity Ratio is 0.25 (2026), against an average of 0.27.
  • Across the five-year window, Equity Ratio slumped 61.72% in 2022 and soared 34.66% in 2025, its largest moves.
  • Cloudflare's Equity Ratio stood at 0.24 in 2022, then advanced by 14.67% to 0.28 in 2023, then rose by 14.62% to 0.32 in 2024, then retreated by 23.73% to 0.24 in 2025, then climbed by 2.46% to 0.25 in 2026.
  • The last three Equity Ratio figures came in at 0.25 (Q1 2026), 0.24 (Q4 2025), and 0.23 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Ratio (Qtr)
1 Microsoft 3,064.95 Bn 2,986.68 Bn 56.06 Bn 0.60
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 0.16
4 Palantir Technologies 326.97 Bn 319.05 Bn 1.42 Bn 0.83
5 Palo Alto Networks 185.10 Bn 180.56 Bn 1.91 Bn 0.38
6 CrowdStrike Holdings 165.31 Bn 162.25 Bn 993.68 Mn 0.40
7 Fortinet 105.66 Bn 102.37 Bn 1.49 Bn 0.10
8 Synopsys 89.71 Bn 89.60 Bn 1.77 Bn 0.65
9 Cloudflare 87.54 Bn 86.60 Bn 455.60 Mn 0.25
10 CoreWeave 53.90 Bn 51.63 Bn 2.01 Bn 0.09

Historic Data

Download Data
DateValue
Mar 31, 2026 0.25
Dec 31, 2025 0.24
Sep 30, 2025 0.23
Jun 30, 2025 0.22
Mar 31, 2025 0.38
Dec 31, 2024 0.32
Sep 30, 2024 0.32
Jun 30, 2024 0.30
Mar 31, 2024 0.28
Dec 31, 2023 0.28
Sep 30, 2023 0.27
Jun 30, 2023 0.25
Mar 31, 2023 0.24
Dec 31, 2022 0.24
Sep 30, 2022 0.24
Jun 30, 2022 0.24
Mar 31, 2022 0.22
Dec 31, 2021 0.34
Sep 30, 2021 0.37
Jun 30, 2021 0.55