Cloudflare (NET) Goodwill & Intangibles (2018 - 2026)
Cloudflare's Goodwill & Intangibles was $433.57 million in Q2 2026, up 113.4% from $203.21 million a year earlier and up 59.5% from the prior quarter.
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Analysis
Cloudflare (NET) Goodwill & Intangibles (2018 - 2026) Analysis & Trends
At the end of FY2025, Goodwill & Intangibles at Cloudflare came in at $268.4 million, up 32.2% from FY2024.
- Goodwill & Intangibles shows a five-year compound annual growth rate of 68.1% (FY2020 to FY2025).
- In earlier years, Goodwill & Intangibles was $202.97 million in FY2024 (+21.1%), $167.61 million in FY2023 (-7.2%), $180.53 million in FY2022 (+628.4%) and $24.78 million in FY2021 (+23.9%).
- The Q2 2026 figure marks the highest quarterly Goodwill & Intangibles in data going back to Q4 2018.
- Compared with a year earlier, Goodwill & Intangibles has increased for nine straight quarters, with growth averaging 32.4% over the last eight quarters.
- The best year-over-year quarter for Goodwill & Intangibles over five years was Q3 2022 (growth of 941.9%); the worst was Q3 2021 (a decline of 13.5%).
- Per Business Quant data, NET's Goodwill & Intangibles in the three quarters before Q2 2026 was $271.81 million (Q1 2026), $268.4 million (Q4 2025) and $199.51 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Microsoft | 3,944.62 Bn | 3,880.11 Bn | 62.56 Bn |
| 2 | International Business Machines | 231.10 Bn | 185.71 Bn | 9.71 Bn |
| 3 | Equinix | 100.11 Bn | 88.01 Bn | 1.31 Bn |
| 4 | Cloudflare | 96.02 Bn | 78.46 Bn | 557.23 Mn |
| 5 | Nebius | 31.44 Bn | 4.87 Bn | 448.70 Mn |
| 6 | Verisign | 27.82 Bn | 25.17 Bn | 393.20 Mn |
| 7 | CoreWeave | 25.57 Bn | 12.66 Bn | 1.70 Bn |
| 8 | Nutanix | 15.68 Bn | 7.37 Bn | 651.35 Mn |
| 9 | GoDaddy | 14.30 Bn | 9.69 Bn | 843.00 Mn |
| 10 | Akamai Technologies | 12.01 Bn | 5.41 Bn | 613.75 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 424.00 Mn |
| Jun 30, 2026 | 433.57 Mn |
| Mar 31, 2026 | 271.81 Mn |
| Dec 31, 2025 | 268.40 Mn |
| Sep 30, 2025 | 199.51 Mn |
| Jun 30, 2025 | 203.21 Mn |
| Mar 31, 2025 | 205.00 Mn |
| Dec 31, 2024 | 202.97 Mn |
| Sep 30, 2024 | 176.45 Mn |
| Jun 30, 2024 | 177.86 Mn |
| Mar 31, 2024 | 162.35 Mn |
| Dec 31, 2023 | 167.61 Mn |
| Sep 30, 2023 | 165.87 Mn |
| Jun 30, 2023 | 170.76 Mn |
| Mar 31, 2023 | 175.64 Mn |
| Dec 31, 2022 | 180.53 Mn |
| Sep 30, 2022 | 186.49 Mn |
| Jun 30, 2022 | 191.38 Mn |
| Mar 31, 2022 | 32.35 Mn |
| Dec 31, 2021 | 24.78 Mn |
API Access
Cloudflare Goodwill & Intangibles 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-and-intangibles&ticker=NET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "goodwill-and-intangibles", "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-and-intangibles&ticker=NET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();