Cloudflare (NET) Prepaid Assets (2018 - 2026)
Cloudflare's Prepaid Assets was $153.28 million in Q2 2026, up 35.7% from $112.96 million a year earlier and up 11.8% from the prior quarter.
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Analysis
Cloudflare (NET) Prepaid Assets (2018 - 2026) Analysis & Trends
At the end of FY2025, Prepaid Assets at Cloudflare came in at $128.2 million, up 69.8% from FY2024.
- Prepaid Assets shows a five-year compound annual growth rate of 35.3% (FY2020 to FY2025).
- In earlier years, Prepaid Assets was $75.48 million in FY2024 (+58.9%), $47.5 million in FY2023 (-32.7%), $70.56 million in FY2022 (+139.7%) and $29.43 million in FY2021 (+4.3%).
- The Q2 2026 figure marks the highest quarterly Prepaid Assets since Q1 2025.
- Compared with a year earlier, Prepaid Assets was higher in seven of the last eight quarters, with growth averaging 86.8%.
- The best year-over-year quarter for Prepaid Assets over five years was Q1 2025 (growth of 478.1%); the worst was Q1 2026 (a decline of 66.0%).
- Per Business Quant data, NET's Prepaid Assets in the three quarters before Q2 2026 was $137.08 million (Q1 2026), $128.2 million (Q4 2025) and $114.35 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Microsoft | 3,932.24 Bn | 3,855.40 Bn | 60.48 Bn |
| 2 | International Business Machines | 219.04 Bn | 169.85 Bn | 9.91 Bn |
| 3 | Cloudflare | 104.70 Bn | 88.23 Bn | 499.52 Mn |
| 4 | Equinix | 97.19 Bn | 85.75 Bn | 1.40 Bn |
| 5 | Nebius | 40.23 Bn | 13.66 Bn | 448.70 Mn |
| 6 | CoreWeave | 33.76 Bn | 20.85 Bn | 1.70 Bn |
| 7 | Verisign | 27.46 Bn | 24.67 Bn | 384.60 Mn |
| 8 | Nutanix | 17.98 Bn | 9.67 Bn | 651.35 Mn |
| 9 | GoDaddy | 13.83 Bn | 9.41 Bn | 828.20 Mn |
| 10 | Akamai Technologies | 12.69 Bn | 6.10 Bn | 613.75 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();