Cloudflare (NET) Net Cash Flow (2018 - 2026)
Cloudflare's (NET) quarterly Net Cash Flow came in at $731.5 million in Q2 2026, down 44.34% year-over-year from $1.3 billion in Q2 2025, and up 7456.43% quarter-over-quarter from -$9.9 million in Q1 2026.
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Analysis
Cloudflare (NET) Net Cash Flow (2018 - 2026) Analysis & Trends
Cloudflare has disclosed Net Cash Flow across 9 years of filings, most recently posting $731.5 million for Q2 2026.
- In Q2 2026, Net Cash Flow fell 44.34% year-over-year to $731.5 million; the TTM figure through Jun 2026 stood at $150.5 million (down 88.98% YoY), while the FY2025 annual figure was $800.1 million, up 1170.27% from the prior year.
- Net Cash Flow came in at $731.5 million for Q2 2026 at Cloudflare, up from -$9.9 million in the prior quarter.
- In the past five years, Net Cash Flow ranged from a high of $1.3 billion in Q2 2025 to a low of -$466.0 million in Q3 2025.
- Average Net Cash Flow over 5 years is $75.3 million, with a median of -$6.5 million recorded in 2022.
- The largest YoY upside for Net Cash Flow was 1391.34% in 2025 against a maximum downside of 1897.98% in 2025.
- Over 5 years, Net Cash Flow stood at $66.2 million in 2022, then plunged by 109.69% to -$6.4 million in 2023, then slumped by 393.95% to -$31.7 million in 2024, then tumbled by 231.74% to -$105.1 million in 2025, then soared by 795.79% to $731.5 million in 2026.
- Per Business Quant data, the three most recent Net Cash Flow figures were $731.5 million in Q2 2026, -$9.9 million in Q1 2026, and -$105.1 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | NCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,717.88 Bn | 3,585.13 Bn | 60.48 Bn | -11.17 Bn |
| 2 | International Business Machines | 219.37 Bn | 208.10 Bn | 9.91 Bn | -3.61 Bn |
| 3 | Cloudflare | 113.46 Bn | 109.29 Bn | 499.52 Mn | 731.52 Mn |
| 4 | Equinix | 102.39 Bn | 100.19 Bn | 1.40 Bn | -404.00 Mn |
| 5 | Nebius | 57.34 Bn | 49.30 Bn | 448.70 Mn | -534.70 Mn |
| 6 | CoreWeave | 47.88 Bn | 42.34 Bn | 1.70 Bn | 3.58 Bn |
| 7 | Verisign | 26.51 Bn | 25.48 Bn | 384.60 Mn | 363.90 Mn |
| 8 | Nutanix | 18.85 Bn | 16.49 Bn | 651.35 Mn | 57.91 Mn |
| 9 | Akamai Technologies | 17.01 Bn | 13.65 Bn | 613.75 Mn | 848.55 Mn |
| 10 | DigitalOcean Holdings | 14.83 Bn | 14.06 Bn | 154.66 Mn | 25.66 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 731.52 Mn |
| Mar 31, 2026 | -9.94 Mn |
| Dec 31, 2025 | -105.14 Mn |
| Sep 30, 2025 | -465.96 Mn |
| Jun 30, 2025 | 1.31 Bn |
| Mar 31, 2025 | 56.87 Mn |
| Dec 31, 2024 | -31.69 Mn |
| Sep 30, 2024 | 25.92 Mn |
| Jun 30, 2024 | -101.78 Mn |
| Mar 31, 2024 | 170.55 Mn |
| Dec 31, 2023 | -6.42 Mn |
| Sep 30, 2023 | -66.74 Mn |
| Jun 30, 2023 | -104.05 Mn |
| Mar 31, 2023 | 53.23 Mn |
| Dec 31, 2022 | 66.19 Mn |
| Sep 30, 2022 | -4.76 Mn |
| Jun 30, 2022 | -6.65 Mn |
| Mar 31, 2022 | -160.53 Mn |
| Dec 31, 2021 | -304.40 Mn |
| Sep 30, 2021 | 368.49 Mn |
API Access
Cloudflare Net Cash Flow 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=net-cash-flow&ticker=NET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-cash-flow", "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=net-cash-flow&ticker=NET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();