Cloudflare (NET) Shares Outstanding (Diluted Average) (2019 - 2026)
Cloudflare's (NET) quarterly Shares Outstanding (Diluted Average) came in at $352.6 million in Q1 2026, up 2.0% year-on-year from $345.7 million in Q1 2025, and up 1.21% quarter-over-quarter from $348.4 million in Q4 2025.
Cloudflare (NET) Shares Outstanding (Diluted Average) (2019 - 2026) Analysis & Trends
Cloudflare has disclosed Shares Outstanding (Diluted Average) across 8 years of filings, most recently posting $352.6 million for Q1 2026.
- Shares Outstanding (Diluted Average) for Q1 2026 came in at $352.6 million, up 2.0% year-over-year; the trailing twelve-month figure through Mar 2026 was $352.6 million (up 2.0% YoY), and the FY2025 annual result was $348.4 million, up 2.05% from the prior year.
- Shares Outstanding (Diluted Average) came in at $352.6 million for Q1 2026 at Cloudflare, up from $348.4 million in the prior quarter.
- In the past five years, Shares Outstanding (Diluted Average) ranged from a high of $352.6 million in Q1 2026 to a low of $323.3 million in Q1 2022.
- The 5-year median for Shares Outstanding (Diluted Average) is $338.6 million (2024), against an average of $337.4 million.
- Across the five-year window, Shares Outstanding (Diluted Average) climbed 5.89% in 2022 and advanced 1.51% in 2025, its largest moves.
- Cloudflare's Shares Outstanding (Diluted Average) stood at $326.3 million in 2022, then rose by 2.24% to $333.7 million in 2023, then advanced by 2.32% to $341.4 million in 2024, then grew by 2.05% to $348.4 million in 2025, then gained by 1.21% to $352.6 million in 2026.
- The last three Shares Outstanding (Diluted Average) figures came in at $352.6 million (Q1 2026), $348.4 million (Q4 2025), and $347.5 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares (Diluted Avg.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,064.95 Bn | 2,986.68 Bn | 56.06 Bn | - |
| 2 | Alarum Technologies | 1,117.04 Bn | 1,102.89 Bn | 7.23 Mn | 10.00 |
| 3 | Oracle | 608.54 Bn | 569.96 Bn | 15.14 Bn | - |
| 4 | Palantir Technologies | 326.97 Bn | 319.05 Bn | 1.42 Bn | 2.57 Bn |
| 5 | Palo Alto Networks | 185.10 Bn | 180.56 Bn | 1.91 Bn | 713.00 Mn |
| 6 | CrowdStrike Holdings | 165.31 Bn | 162.25 Bn | 993.68 Mn | 250.58 Mn |
| 7 | Fortinet | 105.66 Bn | 102.37 Bn | 1.49 Bn | 742.80 Mn |
| 8 | Synopsys | 89.71 Bn | 89.60 Bn | 1.77 Bn | 190.76 Mn |
| 9 | Cloudflare | 87.54 Bn | 86.60 Bn | 455.60 Mn | 352.63 Mn |
| 10 | CoreWeave | 53.90 Bn | 51.63 Bn | 2.01 Bn | 527.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 352.63 Mn |
| Dec 31, 2025 | 348.42 Mn |
| Sep 30, 2025 | 347.52 Mn |
| Jun 30, 2025 | 347.49 Mn |
| Mar 31, 2025 | 345.72 Mn |
| Dec 31, 2024 | 341.41 Mn |
| Sep 30, 2024 | 342.36 Mn |
| Jun 30, 2024 | 339.62 Mn |
| Mar 31, 2024 | 338.58 Mn |
| Dec 31, 2023 | 333.66 Mn |
| Sep 30, 2023 | 334.67 Mn |
| Jun 30, 2023 | 332.30 Mn |
| Mar 31, 2023 | 330.39 Mn |
| Dec 31, 2022 | 326.33 Mn |
| Sep 30, 2022 | 326.59 Mn |
| Jun 30, 2022 | 325.20 Mn |
| Mar 31, 2022 | 323.33 Mn |
| Dec 31, 2021 | 312.32 Mn |
| Sep 30, 2021 | 314.54 Mn |
| Jun 30, 2021 | 307.12 Mn |