Cloudflare (NET) Intangibles (2018 - 2026)
Cloudflare (NET) reported Intangibles of $57.37 million for Q2 2026, up 159.5% from $22.11 million a year earlier and up 49.7% from the prior quarter.
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Analysis
Cloudflare (NET) Intangibles (2018 - 2026) Analysis & Trends
At the end of FY2025, Cloudflare posted Intangibles of $41.8 million, up 91.2% from FY2024.
- Intangibles has a five-year compound annual growth rate of 71.7% (FY2020 to FY2025).
- By year, Intangibles came in at $21.87 million in FY2024 (+11.8%), $19.56 million in FY2023 (-39.8%), $32.48 million in FY2022 and $1.25 million in FY2021 (-55.2%).
- The Q2 2026 figure ranks as the highest quarterly Intangibles in data going back to Q4 2018.
- Year over year, Intangibles has now increased in each of the last three quarters, with growth averaging 49.4% over the last eight quarters.
- The high point for year-over-year Intangibles in five years was Q1 2023 (growth of 617.5%); the low point was Q3 2021 (a decline of 80.0%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $38.31 million (Q1 2026), $41.8 million (Q4 2025) and $18.41 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,932.24 Bn | 3,855.40 Bn | 60.48 Bn | 18.61 Bn |
| 2 | International Business Machines | 219.04 Bn | 169.85 Bn | 9.91 Bn | 13.96 Bn |
| 3 | Cloudflare | 104.70 Bn | 88.23 Bn | 499.52 Mn | 57.37 Mn |
| 4 | Equinix | 97.19 Bn | 85.75 Bn | 1.40 Bn | 1.20 Bn |
| 5 | Nebius | 40.23 Bn | 13.66 Bn | 448.70 Mn | 83.90 Mn |
| 6 | CoreWeave | 33.76 Bn | 20.85 Bn | 1.70 Bn | 245.00 Mn |
| 7 | Verisign | 27.46 Bn | 24.67 Bn | 384.60 Mn | - |
| 8 | Nutanix | 17.98 Bn | 9.67 Bn | 651.35 Mn | 1.84 Mn |
| 9 | GoDaddy | 13.83 Bn | 9.41 Bn | 828.20 Mn | 966.10 Mn |
| 10 | Akamai Technologies | 12.69 Bn | 6.10 Bn | 613.75 Mn | 564.28 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 57.37 Mn |
| Mar 31, 2026 | 38.31 Mn |
| Dec 31, 2025 | 41.80 Mn |
| Sep 30, 2025 | 18.41 Mn |
| Jun 30, 2025 | 22.11 Mn |
| Mar 31, 2025 | 23.90 Mn |
| Dec 31, 2024 | 21.87 Mn |
| Sep 30, 2024 | 19.25 Mn |
| Jun 30, 2024 | 21.66 Mn |
| Mar 31, 2024 | 14.30 Mn |
| Dec 31, 2023 | 19.56 Mn |
| Sep 30, 2023 | 17.82 Mn |
| Jun 30, 2023 | 22.71 Mn |
| Mar 31, 2023 | 27.60 Mn |
| Dec 31, 2022 | 32.48 Mn |
| Sep 30, 2022 | 37.37 Mn |
| Jun 30, 2022 | 42.26 Mn |
| Mar 31, 2022 | 3.85 Mn |
| Dec 31, 2021 | 1.25 Mn |
| Sep 30, 2021 | 700,000.00 |
API Access
Cloudflare 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=intangibles&ticker=NET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "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=intangibles&ticker=NET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();