Growth Metrics

Cloudflare (NET) Shares Outstanding (Diluted Average) (2019 - 2025)

Cloudflare's Shares Outstanding (Diluted Average) history spans 7 years, with the latest figure at $348.4 million for Q4 2025.

  • For Q4 2025, Shares Outstanding (Diluted Average) rose 2.05% year-over-year to $348.4 million; the TTM value through Dec 2025 reached $348.4 million, up 2.05%, while the annual FY2025 figure was $348.4 million, 2.05% up from the prior year.
  • Shares Outstanding (Diluted Average) for Q4 2025 was $348.4 million at Cloudflare, roughly flat from $347.5 million in the prior quarter.
  • Across five years, Shares Outstanding (Diluted Average) topped out at $348.4 million in Q4 2025 and bottomed at $305.9 million in Q1 2021.
  • The 5-year median for Shares Outstanding (Diluted Average) is $332.4 million (2023), against an average of $330.7 million.
  • The largest annual shift saw Shares Outstanding (Diluted Average) rose 5.68% in 2022 before it increased 2.05% in 2025.
  • A 5-year view of Shares Outstanding (Diluted Average) shows it stood at $312.3 million in 2021, then rose by 4.49% to $326.3 million in 2022, then grew by 2.24% to $333.7 million in 2023, then rose by 2.32% to $341.4 million in 2024, then increased by 2.05% to $348.4 million in 2025.
  • Per Business Quant, the three most recent readings for NET's Shares Outstanding (Diluted Average) are $348.4 million (Q4 2025), $347.5 million (Q3 2025), and $347.5 million (Q2 2025).