Cloudflare (NET) Interest Coverage Ratio (2018 - 2026)
Cloudflare's Interest Coverage Ratio was -66.59 in Q2 2026, compared with -44.14 a year earlier.
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Analysis
Cloudflare (NET) Interest Coverage Ratio (2018 - 2026) Analysis & Trends
On a trailing twelve-month basis, Cloudflare's Interest Coverage Ratio was -30.95 through Jun 30, 2026; for FY2025, it was -23.64.
- In earlier years, Interest Coverage Ratio was -29.78 in FY2024, -31.59 in FY2023, -40.37 in FY2022 and -2.59 in FY2021.
- The Q2 2026 figure marks the lowest quarterly Interest Coverage Ratio since Q1 2020.
- Per Business Quant data, NET's Interest Coverage Ratio in the three quarters before Q2 2026 was -24.19 (Q1 2026), -17.05 (Q4 2025) and -12.86 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,833.59 Bn | 3,756.75 Bn | 60.48 Bn | 48.39 |
| 2 | International Business Machines | 212.47 Bn | 163.37 Bn | 9.91 Bn | 5.38 |
| 3 | Cloudflare | 112.40 Bn | 95.93 Bn | 499.52 Mn | -66.59 |
| 4 | Equinix | 99.47 Bn | 88.02 Bn | 1.40 Bn | 4.40 |
| 5 | Nebius | 60.05 Bn | 33.48 Bn | 448.70 Mn | -1.48 |
| 6 | CoreWeave | 48.26 Bn | 35.35 Bn | 1.70 Bn | - |
| 7 | Verisign | 25.97 Bn | 23.18 Bn | 384.60 Mn | 15.43 |
| 8 | Nutanix | 18.41 Bn | 10.09 Bn | 651.35 Mn | - |
| 9 | Akamai Technologies | 16.36 Bn | 9.77 Bn | 613.75 Mn | 8.84 |
| 10 | DigitalOcean Holdings | 14.67 Bn | 12.67 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();