Cloudflare (NET) Shares Outstanding (Entity) (2018 - 2026)
Cloudflare's Shares Outstanding (Entity) came in at 322.18 million for Q2 2026, up 3.0% from 312.68 million a year earlier and up 0.9% from the prior quarter.
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Analysis
Cloudflare (NET) Shares Outstanding (Entity) (2018 - 2026) Analysis & Trends
For FY2025, Cloudflare's Shares Outstanding (Entity) was 317.32 million, up 3.1% from FY2024.
- Shares Outstanding (Entity) has increased in each of the last four years, with a five-year compound annual growth rate of 0.6% (FY2020 to FY2025).
- Going back by year, Shares Outstanding (Entity) was 307.89 million in FY2024 (+3.3%), 298.09 million in FY2023 (+4.0%), 286.56 million in FY2022 (+3.2%) and 277.71 million in FY2021 (-10.0%).
- The Q2 2026 figure represents the highest quarterly Shares Outstanding (Entity) in data going back to Q3 2018.
- Year-over-year, Shares Outstanding (Entity) has increased for 17 consecutive quarters, with growth averaging 3.1% over the last eight quarters.
- The fastest year-over-year change in Shares Outstanding (Entity) over five years came in Q2 2022 (growth of 7.5%), and the weakest in Q4 2021 (a decline of 10.0%).
- Business Quant data shows NET's Shares Outstanding (Entity) at 319.28 million (Q1 2026), 317.32 million (Q4 2025) and 315.17 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Entity.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,932.24 Bn | 3,855.40 Bn | 60.48 Bn | 7.43 Bn |
| 2 | International Business Machines | 219.04 Bn | 169.85 Bn | 9.91 Bn | 942.13 Mn |
| 3 | Cloudflare | 104.70 Bn | 88.23 Bn | 499.52 Mn | 322.18 Mn |
| 4 | Equinix | 97.19 Bn | 85.75 Bn | 1.40 Bn | 98.67 Mn |
| 5 | Nebius | 40.23 Bn | 13.66 Bn | 448.70 Mn | - |
| 6 | CoreWeave | 33.76 Bn | 20.85 Bn | 1.70 Bn | 551.00 Mn |
| 7 | Verisign | 27.46 Bn | 24.67 Bn | 384.60 Mn | 90.40 Mn |
| 8 | Nutanix | 17.98 Bn | 9.67 Bn | 651.35 Mn | 270.57 Mn |
| 9 | GoDaddy | 13.83 Bn | 9.41 Bn | 828.20 Mn | 126.83 Mn |
| 10 | Akamai Technologies | 12.69 Bn | 6.10 Bn | 613.75 Mn | 143.59 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 322.18 Mn |
| Mar 31, 2026 | 319.28 Mn |
| Dec 31, 2025 | 317.32 Mn |
| Sep 30, 2025 | 315.17 Mn |
| Jun 30, 2025 | 312.68 Mn |
| Mar 31, 2025 | 309.99 Mn |
| Dec 31, 2024 | 307.89 Mn |
| Sep 30, 2024 | 305.39 Mn |
| Jun 30, 2024 | 303.32 Mn |
| Mar 31, 2024 | 301.02 Mn |
| Dec 31, 2023 | 298.09 Mn |
| Sep 30, 2023 | 295.64 Mn |
| Jun 30, 2023 | 291.83 Mn |
| Mar 31, 2023 | 289.37 Mn |
| Dec 31, 2022 | 286.56 Mn |
| Sep 30, 2022 | 284.23 Mn |
| Jun 30, 2022 | 282.77 Mn |
| Mar 31, 2022 | 280.41 Mn |
| Dec 31, 2021 | 277.71 Mn |
| Sep 30, 2021 | 273.58 Mn |
API Access
Cloudflare Shares Outstanding (Entity) 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=shares-outstanding-entity&ticker=NET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-entity", "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=shares-outstanding-entity&ticker=NET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();