Cloudflare (NET) Retained Earnings (2018 - 2026)
Cloudflare (NET) recorded Retained Earnings of -$1.4 billion in Q2 2026, compared with -$1.19 billion a year earlier.
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Analysis
Cloudflare (NET) Retained Earnings (2018 - 2026) Analysis & Trends
At the end of FY2025, Cloudflare reported Retained Earnings of -$1.2 billion.
- Across earlier years, Retained Earnings came in at -$1.1 billion in FY2024, -$1.02 billion in FY2023, -$839.89 million in FY2022 and -$680.83 million in FY2021.
- The Q2 2026 figure is the lowest quarterly Retained Earnings in data going back to Q4 2018.
- Per Business Quant, the preceding three quarters came in at -$1.23 billion (Q1 2026), -$1.2 billion (Q4 2025) and -$1.19 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,932.24 Bn | 3,855.40 Bn | 60.48 Bn | 328.27 Bn |
| 2 | International Business Machines | 219.04 Bn | 169.85 Bn | 9.91 Bn | 155.94 Bn |
| 3 | Cloudflare | 104.70 Bn | 88.23 Bn | 499.52 Mn | -1.40 Bn |
| 4 | Equinix | 97.19 Bn | 85.75 Bn | 1.40 Bn | 7.00 Bn |
| 5 | Nebius | 40.23 Bn | 13.66 Bn | 448.70 Mn | 3.73 Bn |
| 6 | CoreWeave | 33.76 Bn | 20.85 Bn | 1.70 Bn | -4.01 Bn |
| 7 | Verisign | 27.46 Bn | 24.67 Bn | 384.60 Mn | -11.34 Bn |
| 8 | Nutanix | 17.98 Bn | 9.67 Bn | 651.35 Mn | -3.71 Bn |
| 9 | GoDaddy | 13.83 Bn | 9.41 Bn | 828.20 Mn | -3.18 Bn |
| 10 | Akamai Technologies | 12.69 Bn | 6.10 Bn | 613.75 Mn | 3.61 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -1.40 Bn |
| Mar 31, 2026 | -1.23 Bn |
| Dec 31, 2025 | -1.20 Bn |
| Sep 30, 2025 | -1.19 Bn |
| Jun 30, 2025 | -1.19 Bn |
| Mar 31, 2025 | -1.14 Bn |
| Dec 31, 2024 | -1.10 Bn |
| Sep 30, 2024 | -1.09 Bn |
| Jun 30, 2024 | -1.07 Bn |
| Mar 31, 2024 | -1.06 Bn |
| Dec 31, 2023 | -1.02 Bn |
| Sep 30, 2023 | -995.98 Mn |
| Jun 30, 2023 | -972.44 Mn |
| Mar 31, 2023 | -877.97 Mn |
| Dec 31, 2022 | -839.89 Mn |
| Sep 30, 2022 | -793.97 Mn |
| Jun 30, 2022 | -751.43 Mn |
| Mar 31, 2022 | -687.89 Mn |
| Dec 31, 2021 | -680.83 Mn |
| Sep 30, 2021 | -603.33 Mn |
API Access
Cloudflare Retained Earnings 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=retained-earnings&ticker=NET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "retained-earnings", "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=retained-earnings&ticker=NET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();