Cloudflare (NET) Net Income (2018 - 2026)
Cloudflare's (NET) quarterly Net Income came in at -$170.0 million in Q2 2026, down 236.67% year-over-year from $124.4 million in Q2 2025, and down 641.4% quarter-over-quarter from -$22.9 million in Q1 2026.
Powered by 
Analysis
Cloudflare (NET) Net Income (2018 - 2026) Analysis & Trends
Cloudflare has disclosed Net Income across 9 years of filings, most recently posting -$170.0 million for Q2 2026.
- In Q2 2026, Net Income fell 236.67% year-over-year to -$170.0 million; the TTM figure through Jun 2026 stood at -$206.3 million (down 76.11% YoY), while the FY2025 annual figure was -$102.3 million, down 29.78% from the prior year.
- Net Income came in at -$170.0 million for Q2 2026 at Cloudflare, down from -$22.9 million in the prior quarter.
- In the past five years, Net Income ranged from a high of -$1.3 million in Q3 2025 to a low of -$170.0 million in Q2 2026.
- Average Net Income over 5 years is -$41.7 million, with a median of -$36.8 million recorded in 2023.
- Year-over-year, Net Income soared 91.59% in 2025 and plunged 236.67% in 2026.
- Over 5 years, Net Income stood at -$45.9 million in 2022, then surged by 39.28% to -$27.9 million in 2023, then jumped by 53.89% to -$12.8 million in 2024, then rose by 6.06% to -$12.1 million in 2025, then plunged by 1308.41% to -$170.0 million in 2026.
- Per Business Quant data, the three most recent Net Income figures were -$170.0 million in Q2 2026, -$22.9 million in Q1 2026, and -$12.1 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,717.88 Bn | 3,585.13 Bn | 60.48 Bn | 33.11 Bn |
| 2 | International Business Machines | 219.37 Bn | 208.10 Bn | 9.91 Bn | 2.17 Bn |
| 3 | Cloudflare | 113.46 Bn | 109.29 Bn | 499.52 Mn | -169.98 Mn |
| 4 | Equinix | 102.39 Bn | 100.19 Bn | 1.40 Bn | 477.00 Mn |
| 5 | Nebius | 57.34 Bn | 49.30 Bn | 448.70 Mn | -680,000.00 |
| 6 | CoreWeave | 47.88 Bn | 42.34 Bn | 1.70 Bn | -626.00 Mn |
| 7 | Verisign | 26.51 Bn | 25.48 Bn | 384.60 Mn | 216.50 Mn |
| 8 | Nutanix | 18.85 Bn | 16.49 Bn | 651.35 Mn | 1.27 Bn |
| 9 | Akamai Technologies | 17.01 Bn | 13.65 Bn | 613.75 Mn | 79.40 Mn |
| 10 | DigitalOcean Holdings | 14.83 Bn | 14.06 Bn | 154.66 Mn | 35.44 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -169.98 Mn |
| Mar 31, 2026 | -22.93 Mn |
| Dec 31, 2025 | -12.07 Mn |
| Sep 30, 2025 | -1.29 Mn |
| Jun 30, 2025 | -50.49 Mn |
| Mar 31, 2025 | -38.46 Mn |
| Dec 31, 2024 | -12.85 Mn |
| Sep 30, 2024 | -15.33 Mn |
| Jun 30, 2024 | -15.08 Mn |
| Mar 31, 2024 | -35.57 Mn |
| Dec 31, 2023 | -27.87 Mn |
| Sep 30, 2023 | -23.58 Mn |
| Jun 30, 2023 | -94.50 Mn |
| Mar 31, 2023 | -38.08 Mn |
| Dec 31, 2022 | -45.89 Mn |
| Sep 30, 2022 | -42.57 Mn |
| Jun 30, 2022 | -63.51 Mn |
| Mar 31, 2022 | -41.41 Mn |
| Dec 31, 2021 | -77.50 Mn |
| Sep 30, 2021 | -107.33 Mn |
API Access
Cloudflare Net Income 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-income&ticker=NET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-income", "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-income&ticker=NET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();