Cloudflare (NET) Profit After Tax (2018 - 2026)
Cloudflare's (NET) quarterly Profit After Tax came in at -$170.0 million in Q2 2026, down 236.96% year-over-year from $124.1 million in Q2 2025, and down 641.4% quarter-over-quarter from -$22.9 million in Q1 2026.
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Analysis
Cloudflare (NET) Profit After Tax (2018 - 2026) Analysis & Trends
Cloudflare has disclosed Profit After Tax across 9 years of filings, most recently posting -$170.0 million for Q2 2026.
- In Q2 2026, Profit After Tax fell 236.96% year-over-year to -$170.0 million; the TTM figure through Jun 2026 stood at -$206.3 million (down 76.18% YoY), while the FY2025 annual figure was -$102.3 million, down 29.78% from the prior year.
- Profit After Tax 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, Profit After Tax ranged from a high of -$1.3 million in Q3 2025 to a low of -$170.0 million in Q2 2026.
- Average Profit After Tax over 5 years is -$41.7 million, with a median of -$36.8 million recorded in 2023.
- Year-over-year, Profit After Tax soared 91.59% in 2025 and sank 236.96% in 2026.
- Over 5 years, Profit After Tax stood at -$45.9 million in 2022, then surged by 39.31% to -$27.9 million in 2023, then jumped by 53.89% to -$12.8 million in 2024, then advanced by 6.0% to -$12.1 million in 2025, then slumped by 1307.48% to -$170.0 million in 2026.
- Per Business Quant data, the three most recent Profit After Tax 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) | PAT (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,717.88 Bn | 3,585.13 Bn | 60.48 Bn | 35.77 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 | 479.00 Mn |
| 5 | Nebius | 57.34 Bn | 49.30 Bn | 448.70 Mn | -190.40 Mn |
| 6 | CoreWeave | 47.88 Bn | 42.34 Bn | 1.70 Bn | -649.00 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 | -12.08 Mn |
| Sep 30, 2025 | -1.29 Mn |
| Jun 30, 2025 | -50.45 Mn |
| Mar 31, 2025 | -38.45 Mn |
| Dec 31, 2024 | -12.85 Mn |
| Sep 30, 2024 | -15.33 Mn |
| Jun 30, 2024 | -15.08 Mn |
| Mar 31, 2024 | -35.54 Mn |
| Dec 31, 2023 | -27.87 Mn |
| Sep 30, 2023 | -23.54 Mn |
| Jun 30, 2023 | -94.47 Mn |
| Mar 31, 2023 | -38.08 Mn |
| Dec 31, 2022 | -45.92 Mn |
| Sep 30, 2022 | -42.55 Mn |
| Jun 30, 2022 | -63.54 Mn |
| Mar 31, 2022 | -41.38 Mn |
| Dec 31, 2021 | -77.50 Mn |
| Sep 30, 2021 | -107.34 Mn |
API Access
Cloudflare Profit After Tax 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=profit-after-tax&ticker=NET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "profit-after-tax", "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=profit-after-tax&ticker=NET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();