Cloudflare (NET) Non-Current Assets (2018 - 2026)
Cloudflare (NET) recorded Non-Current Assets of $1.7 billion in Q2 2026, up 46.6% from $1.16 billion a year earlier and up 17.1% from the prior quarter.
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Analysis
Cloudflare (NET) Non-Current Assets (2018 - 2026) Analysis & Trends
At the end of FY2025, Cloudflare reported Non-Current Assets of $1.39 billion, up 34.8% from FY2024.
- Annual Non-Current Assets has increased for seven straight years, with a five-year compound annual growth rate of 40.9% (FY2020 to FY2025).
- Across earlier years, Non-Current Assets came in at $1.03 billion in FY2024 (+32.9%), $776.69 million in FY2023 (+11.0%), $700.02 million in FY2022 (+68.2%) and $416.22 million in FY2021 (+66.0%).
- The Q2 2026 figure is the highest quarterly Non-Current Assets in data going back to Q4 2018.
- On a year-over-year basis, Non-Current Assets has increased for 24 consecutive quarters, with growth averaging 36.0% over the last eight quarters.
- Across the past five years, year-over-year growth in Non-Current Assets ran from 8.5% in Q3 2023 to 118.2% in Q2 2022.
- Per Business Quant, the preceding three quarters came in at $1.45 billion (Q1 2026), $1.39 billion (Q4 2025) and $1.25 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non-Current Assets (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,932.24 Bn | 3,855.40 Bn | 60.48 Bn | 550.67 Bn |
| 2 | International Business Machines | 219.04 Bn | 169.85 Bn | 9.91 Bn | 123.70 Bn |
| 3 | Cloudflare | 104.70 Bn | 88.23 Bn | 499.52 Mn | 1.70 Bn |
| 4 | Equinix | 97.19 Bn | 85.75 Bn | 1.40 Bn | 36.75 Bn |
| 5 | Nebius | 40.23 Bn | 13.66 Bn | 448.70 Mn | 18.35 Bn |
| 6 | CoreWeave | 33.76 Bn | 20.85 Bn | 1.70 Bn | 18.20 Bn |
| 7 | Verisign | 27.46 Bn | 24.67 Bn | 384.60 Mn | 680.50 Mn |
| 8 | Nutanix | 17.98 Bn | 9.67 Bn | 651.35 Mn | - |
| 9 | GoDaddy | 13.83 Bn | 9.41 Bn | 828.20 Mn | 6.02 Bn |
| 10 | Akamai Technologies | 12.69 Bn | 6.10 Bn | 613.75 Mn | 10.42 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.70 Bn |
| Mar 31, 2026 | 1.45 Bn |
| Dec 31, 2025 | 1.39 Bn |
| Sep 30, 2025 | 1.25 Bn |
| Jun 30, 2025 | 1.16 Bn |
| Mar 31, 2025 | 1.10 Bn |
| Dec 31, 2024 | 1.03 Bn |
| Sep 30, 2024 | 898.87 Mn |
| Jun 30, 2024 | 823.66 Mn |
| Mar 31, 2024 | 785.46 Mn |
| Dec 31, 2023 | 776.69 Mn |
| Sep 30, 2023 | 731.91 Mn |
| Jun 30, 2023 | 715.15 Mn |
| Mar 31, 2023 | 713.16 Mn |
| Dec 31, 2022 | 700.02 Mn |
| Sep 30, 2022 | 674.83 Mn |
| Jun 30, 2022 | 654.45 Mn |
| Mar 31, 2022 | 459.14 Mn |
| Dec 31, 2021 | 416.22 Mn |
| Sep 30, 2021 | 384.94 Mn |
API Access
Cloudflare Non-Current Assets 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=non-current-assets&ticker=NET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-current-assets", "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=non-current-assets&ticker=NET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();