Cloudflare (NET) Market Capitalization (2019 - 2026)
Cloudflare's (NET) quarterly Market Capitalization came in at $79.0 billion in Q2 2026, up 29.06% year-over-year from $61.2 billion in Q2 2025, and up 19.95% quarter-over-quarter from $65.9 billion in Q1 2026.
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Analysis
Cloudflare (NET) Market Capitalization (2019 - 2026) Analysis & Trends
Cloudflare has disclosed Market Capitalization across 8 years of filings, most recently posting $79.0 billion for Q2 2026.
- In Q2 2026, Market Capitalization rose 29.06% year-over-year to $79.0 billion; the TTM figure through Jun 2026 stood at $79.0 billion (up 29.06% YoY), while the FY2025 annual figure was $62.6 billion, up 88.69% from the prior year.
- Market Capitalization came in at $79.0 billion for Q2 2026 at Cloudflare, up from $65.9 billion in the prior quarter.
- In the past five years, Market Capitalization ranged from a high of $79.0 billion in Q2 2026 to a low of $12.4 billion in Q2 2022.
- Average Market Capitalization over 5 years is $35.5 billion, with a median of $27.1 billion recorded in 2024.
- Year-over-year, Market Capitalization slumped 64.52% in 2022 and surged 173.78% in 2025.
- Over 5 years, Market Capitalization stood at $13.0 billion in 2022, then soared by 91.57% to $24.8 billion in 2023, then jumped by 33.58% to $33.2 billion in 2024, then surged by 88.69% to $62.6 billion in 2025, then grew by 26.32% to $79.0 billion in 2026.
- Per Business Quant data, the three most recent Market Capitalization figures were $79.0 billion in Q2 2026, $65.9 billion in Q1 2026, and $62.6 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Microsoft | 3,717.88 Bn | 3,585.13 Bn | 60.48 Bn |
| 2 | International Business Machines | 219.37 Bn | 208.10 Bn | 9.91 Bn |
| 3 | Cloudflare | 113.46 Bn | 109.29 Bn | 499.52 Mn |
| 4 | Equinix | 102.39 Bn | 100.19 Bn | 1.40 Bn |
| 5 | Nebius | 57.34 Bn | 49.30 Bn | 448.70 Mn |
| 6 | CoreWeave | 47.88 Bn | 42.34 Bn | 1.70 Bn |
| 7 | Verisign | 26.51 Bn | 25.48 Bn | 384.60 Mn |
| 8 | Nutanix | 18.85 Bn | 16.49 Bn | 651.35 Mn |
| 9 | Akamai Technologies | 17.01 Bn | 13.65 Bn | 613.75 Mn |
| 10 | DigitalOcean Holdings | 14.83 Bn | 14.06 Bn | 154.66 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 79.02 Bn |
| Mar 31, 2026 | 65.88 Bn |
| Dec 31, 2025 | 62.56 Bn |
| Sep 30, 2025 | 67.63 Bn |
| Jun 30, 2025 | 61.23 Bn |
| Mar 31, 2025 | 34.93 Bn |
| Dec 31, 2024 | 33.15 Bn |
| Sep 30, 2024 | 24.70 Bn |
| Jun 30, 2024 | 25.12 Bn |
| Mar 31, 2024 | 29.15 Bn |
| Dec 31, 2023 | 24.82 Bn |
| Sep 30, 2023 | 18.64 Bn |
| Jun 30, 2023 | 19.08 Bn |
| Mar 31, 2023 | 17.84 Bn |
| Dec 31, 2022 | 12.96 Bn |
| Sep 30, 2022 | 15.72 Bn |
| Jun 30, 2022 | 12.37 Bn |
| Mar 31, 2022 | 33.57 Bn |
| Dec 31, 2021 | 36.52 Bn |
| Sep 30, 2021 | 30.82 Bn |
API Access
Cloudflare Market Capitalization 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=market-capitalization&ticker=NET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "market-capitalization", "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=market-capitalization&ticker=NET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();