Cloudflare (NET) Liabilities and Shareholders Equity (2018 - 2026)
Cloudflare (NET) recorded Liabilities and Shareholders Equity of $6.47 billion in Q2 2026, up 16.4% from $5.56 billion a year earlier and up 5.0% from the prior quarter.
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Analysis
Cloudflare (NET) Liabilities and Shareholders Equity (2018 - 2026) Analysis & Trends
At the end of FY2025, Cloudflare reported Liabilities and Shareholders Equity of $6.04 billion, up 82.9% from FY2024.
- Annual Liabilities and Shareholders Equity has increased for seven straight years, with a five-year compound annual growth rate of 34.3% (FY2020 to FY2025).
- Across earlier years, Liabilities and Shareholders Equity came in at $3.3 billion in FY2024 (+19.6%), $2.76 billion in FY2023 (+6.6%), $2.59 billion in FY2022 (+9.1%) and $2.37 billion in FY2021 (+71.8%).
- The Q2 2026 figure is the highest quarterly Liabilities and Shareholders Equity in data going back to Q4 2018.
- On a year-over-year basis, Liabilities and Shareholders Equity has increased for 24 consecutive quarters, with growth averaging 51.9% over the last eight quarters.
- Over the past five years, the year-over-year growth in Liabilities and Shareholders Equity ranged from 2.6% (Q2 2023) to 90.7% (Q2 2025).
- Per Business Quant, the preceding three quarters came in at $6.16 billion (Q1 2026), $6.04 billion (Q4 2025) and $5.79 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Liabilities and Shareholders Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,932.24 Bn | 3,855.40 Bn | 60.48 Bn | 758.38 Bn |
| 2 | International Business Machines | 219.04 Bn | 169.85 Bn | 9.91 Bn | 152.10 Bn |
| 3 | Cloudflare | 104.70 Bn | 88.23 Bn | 499.52 Mn | 6.47 Bn |
| 4 | Equinix | 97.19 Bn | 85.75 Bn | 1.40 Bn | 41.08 Bn |
| 5 | Nebius | 40.23 Bn | 13.66 Bn | 448.70 Mn | 27.96 Bn |
| 6 | CoreWeave | 33.76 Bn | 20.85 Bn | 1.70 Bn | 77.07 Bn |
| 7 | Verisign | 27.46 Bn | 24.67 Bn | 384.60 Mn | 1.80 Bn |
| 8 | Nutanix | 17.98 Bn | 9.67 Bn | 651.35 Mn | 5.07 Bn |
| 9 | GoDaddy | 13.83 Bn | 9.41 Bn | 828.20 Mn | 8.00 Bn |
| 10 | Akamai Technologies | 12.69 Bn | 6.10 Bn | 613.75 Mn | 15.07 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.47 Bn |
| Mar 31, 2026 | 6.16 Bn |
| Dec 31, 2025 | 6.04 Bn |
| Sep 30, 2025 | 5.79 Bn |
| Jun 30, 2025 | 5.56 Bn |
| Mar 31, 2025 | 3.72 Bn |
| Dec 31, 2024 | 3.30 Bn |
| Sep 30, 2024 | 3.06 Bn |
| Jun 30, 2024 | 2.92 Bn |
| Mar 31, 2024 | 2.80 Bn |
| Dec 31, 2023 | 2.76 Bn |
| Sep 30, 2023 | 2.59 Bn |
| Jun 30, 2023 | 2.53 Bn |
| Mar 31, 2023 | 2.67 Bn |
| Dec 31, 2022 | 2.59 Bn |
| Sep 30, 2022 | 2.49 Bn |
| Jun 30, 2022 | 2.47 Bn |
| Mar 31, 2022 | 2.35 Bn |
| Dec 31, 2021 | 2.37 Bn |
| Sep 30, 2021 | 2.32 Bn |
API Access
Cloudflare Liabilities and Shareholders Equity 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=liabilities-and-shareholders-equity&ticker=NET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "liabilities-and-shareholders-equity", "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=liabilities-and-shareholders-equity&ticker=NET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();