Cloudflare (NET) Retained Earnings (2018 - 2026)
Cloudflare's (NET) quarterly Retained Earnings came in at $3.0 billion in Q2 2026, up 25.41% year-over-year from $2.4 billion in Q2 2025, and up 9.7% quarter-over-quarter from $2.8 billion in Q1 2026.
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Analysis
Cloudflare (NET) Retained Earnings (2018 - 2026) Analysis & Trends
Cloudflare has disclosed Retained Earnings across 9 years of filings, most recently posting $3.0 billion for Q2 2026.
- In Q2 2026, Retained Earnings rose 25.41% year-over-year to $3.0 billion; the TTM figure through Jun 2026 stood at $3.0 billion (up 25.41% YoY), while the FY2025 annual figure was $2.7 billion, up 23.16% from the prior year.
- Retained Earnings came in at $3.0 billion for Q2 2026 at Cloudflare, up from $2.8 billion in the prior quarter.
- In the past five years, Retained Earnings ranged from a high of $3.0 billion in Q2 2026 to a low of $1.2 billion in Q1 2022.
- Average Retained Earnings over 5 years is $2.0 billion, with a median of $1.9 billion recorded in 2024.
- Year-over-year, Retained Earnings retreated 3.83% in 2022 and soared 38.0% in 2025.
- Over 5 years, Retained Earnings stood at $1.5 billion in 2022, then rose by 20.95% to $1.8 billion in 2023, then climbed by 20.63% to $2.2 billion in 2024, then grew by 23.16% to $2.7 billion in 2025, then increased by 14.19% to $3.0 billion in 2026.
- Per Business Quant data, the three most recent Retained Earnings figures were $3.0 billion in Q2 2026, $2.8 billion in Q1 2026, and $2.7 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,717.88 Bn | 3,585.13 Bn | 60.48 Bn | 328.27 Bn |
| 2 | International Business Machines | 219.37 Bn | 208.10 Bn | 9.91 Bn | 155.94 Bn |
| 3 | Cloudflare | 113.46 Bn | 109.29 Bn | 499.52 Mn | 3.03 Bn |
| 4 | Equinix | 102.39 Bn | 100.19 Bn | 1.40 Bn | 7.00 Bn |
| 5 | Nebius | 57.34 Bn | 49.30 Bn | 448.70 Mn | 3.73 Bn |
| 6 | CoreWeave | 47.88 Bn | 42.34 Bn | 1.70 Bn | 9.09 Bn |
| 7 | Verisign | 26.51 Bn | 25.48 Bn | 384.60 Mn | -11.34 Bn |
| 8 | Nutanix | 18.85 Bn | 16.49 Bn | 651.35 Mn | 4.42 Bn |
| 9 | Akamai Technologies | 17.01 Bn | 13.65 Bn | 613.75 Mn | 3.61 Bn |
| 10 | DigitalOcean Holdings | 14.83 Bn | 14.06 Bn | 154.66 Mn | 925.01 Mn |
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();