Cloudflare (NET) Prepaid Assets (2018 - 2026)
Cloudflare's (NET) quarterly Prepaid Assets came in at $153.3 million in Q2 2026, up 35.7% year-over-year from $113.0 million in Q2 2025, and up 11.82% quarter-over-quarter from $137.1 million in Q1 2026.
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Analysis
Cloudflare (NET) Prepaid Assets (2018 - 2026) Analysis & Trends
Cloudflare has disclosed Prepaid Assets across 9 years of filings, most recently posting $153.3 million for Q2 2026.
- In Q2 2026, Prepaid Assets rose 35.7% year-over-year to $153.3 million; the TTM figure through Jun 2026 stood at $153.3 million (up 35.7% YoY), while the FY2025 annual figure was $128.2 million, up 69.84% from the prior year.
- Prepaid Assets came in at $153.3 million for Q2 2026 at Cloudflare, up from $137.1 million in the prior quarter.
- In the past five years, Prepaid Assets ranged from a high of $402.7 million in Q1 2025 to a low of $33.5 million in Q2 2022.
- Average Prepaid Assets over 5 years is $95.3 million, with a median of $71.2 million recorded in 2023.
- Year-over-year, Prepaid Assets surged 478.12% in 2025 and sank 65.96% in 2026.
- Over 5 years, Prepaid Assets stood at $70.6 million in 2022, then slumped by 32.67% to $47.5 million in 2023, then soared by 58.91% to $75.5 million in 2024, then jumped by 69.84% to $128.2 million in 2025, then gained by 19.56% to $153.3 million in 2026.
- Per Business Quant data, the three most recent Prepaid Assets figures were $153.3 million in Q2 2026, $137.1 million in Q1 2026, and $128.2 million 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 | 153.28 Mn |
| Mar 31, 2026 | 137.08 Mn |
| Dec 31, 2025 | 128.20 Mn |
| Sep 30, 2025 | 114.35 Mn |
| Jun 30, 2025 | 112.96 Mn |
| Mar 31, 2025 | 402.74 Mn |
| Dec 31, 2024 | 75.48 Mn |
| Sep 30, 2024 | 72.65 Mn |
| Jun 30, 2024 | 71.49 Mn |
| Mar 31, 2024 | 69.66 Mn |
| Dec 31, 2023 | 47.50 Mn |
| Sep 30, 2023 | 70.93 Mn |
| Jun 30, 2023 | 44.05 Mn |
| Mar 31, 2023 | 40.53 Mn |
| Dec 31, 2022 | 70.56 Mn |
| Sep 30, 2022 | 34.74 Mn |
| Jun 30, 2022 | 33.50 Mn |
| Mar 31, 2022 | 35.40 Mn |
| Dec 31, 2021 | 29.43 Mn |
| Sep 30, 2021 | 26.48 Mn |
API Access
Cloudflare Prepaid 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=prepaid-assets&ticker=NET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "prepaid-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=prepaid-assets&ticker=NET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();