Cloudflare (NET) Goodwill (2018 - 2026)
Cloudflare (NET) reported Goodwill of $376.2 million for Q2 2026, up 107.7% from $181.1 million a year earlier and up 61.1% from the prior quarter.
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Analysis
Cloudflare (NET) Goodwill (2018 - 2026) Analysis & Trends
At the end of FY2025, Cloudflare posted Goodwill of $226.6 million, up 25.1% from FY2024.
- Goodwill has a five-year compound annual growth rate of 67.5% (FY2020 to FY2025).
- By year, Goodwill came in at $181.1 million in FY2024 (+22.3%), $148.05 million in FY2023 (unchanged), $148.05 million in FY2022 (+529.2%) and $23.53 million in FY2021 (+36.8%).
- The Q2 2026 figure ranks as the highest quarterly Goodwill in data going back to Q4 2018.
- Year over year, Goodwill has now increased in each of the last nine quarters, with growth averaging 30.5% over the last eight quarters.
- The high point for year-over-year Goodwill in five years was Q3 2022 (growth of 767.0%); the low point was Q2 2023 (a decline of 0.7%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $233.5 million (Q1 2026), $226.6 million (Q4 2025) and $181.1 million (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 | 376.20 Mn |
| Mar 31, 2026 | 233.50 Mn |
| Dec 31, 2025 | 226.60 Mn |
| Sep 30, 2025 | 181.10 Mn |
| Jun 30, 2025 | 181.10 Mn |
| Mar 31, 2025 | 181.10 Mn |
| Dec 31, 2024 | 181.10 Mn |
| Sep 30, 2024 | 157.20 Mn |
| Jun 30, 2024 | 156.20 Mn |
| Mar 31, 2024 | 148.05 Mn |
| Dec 31, 2023 | 148.05 Mn |
| Sep 30, 2023 | 148.05 Mn |
| Jun 30, 2023 | 148.05 Mn |
| Mar 31, 2023 | 148.05 Mn |
| Dec 31, 2022 | 148.05 Mn |
| Sep 30, 2022 | 149.12 Mn |
| Jun 30, 2022 | 149.12 Mn |
| Mar 31, 2022 | 28.50 Mn |
| Dec 31, 2021 | 23.53 Mn |
| Sep 30, 2021 | 17.20 Mn |
API Access
Cloudflare Goodwill 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=goodwill&ticker=NET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "goodwill", "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=goodwill&ticker=NET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();