Cloudflare (NET) Interest Coverage Ratio (2018 - 2026)
Cloudflare's (NET) quarterly Interest Coverage Ratio came in at 66.59 in Q2 2026, down 50.87% year-over-year from 135.55 in Q2 2025, and down 175.3% quarter-over-quarter from 24.19 in Q1 2026.
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Analysis
Cloudflare (NET) Interest Coverage Ratio (2018 - 2026) Analysis & Trends
Cloudflare has disclosed Interest Coverage Ratio across 9 years of filings, most recently posting 66.59 for Q2 2026.
- In Q2 2026, Interest Coverage Ratio fell 50.87% year-over-year to 66.59; the TTM figure through Jun 2026 stood at 30.95 (up 2.76% YoY), while the FY2025 annual figure was 23.64, up 20.64% from the prior year.
- Interest Coverage Ratio came in at 66.59 for Q2 2026 at Cloudflare, down from 24.19 in the prior quarter.
- In the past five years, Interest Coverage Ratio ranged from a high of 12.86 in Q3 2025 to a low of 66.59 in Q2 2026.
- Average Interest Coverage Ratio over 5 years is 35.26, with a median of 32.42 recorded in 2023.
- Year-over-year, Interest Coverage Ratio sank 2172.5% in 2022 and jumped 41.19% in 2023.
- Over 5 years, Interest Coverage Ratio stood at 57.93 in 2022, then jumped by 30.84% to 40.06 in 2023, then soared by 40.03% to 24.03 in 2024, then grew by 29.02% to 17.05 in 2025, then plunged by 290.47% to 66.59 in 2026.
- Per Business Quant data, the three most recent Interest Coverage Ratio figures were 66.59 in Q2 2026, 24.19 in Q1 2026, and 17.05 in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,717.88 Bn | 3,585.13 Bn | 60.48 Bn | 48.39 |
| 2 | International Business Machines | 219.37 Bn | 208.10 Bn | 9.91 Bn | 5.38 |
| 3 | Cloudflare | 113.46 Bn | 109.29 Bn | 499.52 Mn | -66.59 |
| 4 | Equinix | 102.39 Bn | 100.19 Bn | 1.40 Bn | 4.40 |
| 5 | Nebius | 57.34 Bn | 49.30 Bn | 448.70 Mn | -1.48 |
| 6 | CoreWeave | 47.88 Bn | 42.34 Bn | 1.70 Bn | - |
| 7 | Verisign | 26.51 Bn | 25.48 Bn | 384.60 Mn | 15.43 |
| 8 | Nutanix | 18.85 Bn | 16.49 Bn | 651.35 Mn | - |
| 9 | Akamai Technologies | 17.01 Bn | 13.65 Bn | 613.75 Mn | 8.84 |
| 10 | DigitalOcean Holdings | 14.83 Bn | 14.06 Bn | 154.66 Mn | 3.94 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -66.59 |
| Mar 31, 2026 | -24.19 |
| Dec 31, 2025 | -17.05 |
| Sep 30, 2025 | -12.86 |
| Jun 30, 2025 | -44.14 |
| Mar 31, 2025 | -36.90 |
| Dec 31, 2024 | -24.03 |
| Sep 30, 2024 | -21.49 |
| Jun 30, 2024 | -28.49 |
| Mar 31, 2024 | -49.59 |
| Dec 31, 2023 | -40.06 |
| Sep 30, 2023 | -34.46 |
| Jun 30, 2023 | -36.50 |
| Mar 31, 2023 | -22.24 |
| Dec 31, 2022 | -57.93 |
| Sep 30, 2022 | -30.39 |
| Jun 30, 2022 | -62.06 |
| Mar 31, 2022 | -25.71 |
| Dec 31, 2021 | -2.55 |
| Sep 30, 2021 | -2.13 |
API Access
Cloudflare Interest Coverage Ratio 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=interest-coverage-ratio&ticker=NET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-coverage-ratio", "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=interest-coverage-ratio&ticker=NET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();