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
DateValue
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