Cloudflare (NET) Short-term Investments (2018 - 2026)
Cloudflare (NET) recorded Short-term Investments of $2.5 billion in Q2 2026, up 2.4% from $2.44 billion a year earlier but down 22.7% from the prior quarter.
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Analysis
Cloudflare (NET) Short-term Investments (2018 - 2026) Analysis & Trends
At the end of FY2025, Cloudflare reported Short-term Investments of $3.16 billion, up 84.9% from FY2024.
- Annual Short-term Investments has increased for three straight years, with a five-year compound annual growth rate of 27.9% (FY2020 to FY2025).
- Across earlier years, Short-term Investments came in at $1.71 billion in FY2024 (+7.6%), $1.59 billion in FY2023 (+9.8%), $1.45 billion in FY2022 (-4.1%) and $1.51 billion in FY2021 (+63.4%).
- Quarterly Short-term Investments has ranged from $1.2 billion in Q3 2021 to $3.23 billion in Q1 2026 over the past five years.
- On a year-over-year basis, Short-term Investments has increased for 11 consecutive quarters, with growth averaging 43.3% over the last eight quarters.
- Peak year-over-year performance for Short-term Investments in the last five years was growth of 90.7% in Q2 2022, against a decline of 7.2% in Q1 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $3.23 billion (Q1 2026), $3.16 billion (Q4 2025) and $2.99 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Microsoft | 3,932.24 Bn | 3,855.40 Bn | 60.48 Bn |
| 2 | International Business Machines | 219.04 Bn | 169.85 Bn | 9.91 Bn |
| 3 | Cloudflare | 104.70 Bn | 88.23 Bn | 499.52 Mn |
| 4 | Equinix | 97.19 Bn | 85.75 Bn | 1.40 Bn |
| 5 | Nebius | 40.23 Bn | 13.66 Bn | 448.70 Mn |
| 6 | CoreWeave | 33.76 Bn | 20.85 Bn | 1.70 Bn |
| 7 | Verisign | 27.46 Bn | 24.67 Bn | 384.60 Mn |
| 8 | Nutanix | 17.98 Bn | 9.67 Bn | 651.35 Mn |
| 9 | GoDaddy | 13.83 Bn | 9.41 Bn | 828.20 Mn |
| 10 | Akamai Technologies | 12.69 Bn | 6.10 Bn | 613.75 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.50 Bn |
| Mar 31, 2026 | 3.23 Bn |
| Dec 31, 2025 | 3.16 Bn |
| Sep 30, 2025 | 2.99 Bn |
| Jun 30, 2025 | 2.44 Bn |
| Mar 31, 2025 | 1.71 Bn |
| Dec 31, 2024 | 1.71 Bn |
| Sep 30, 2024 | 1.64 Bn |
| Jun 30, 2024 | 1.60 Bn |
| Mar 31, 2024 | 1.46 Bn |
| Dec 31, 2023 | 1.59 Bn |
| Sep 30, 2023 | 1.48 Bn |
| Jun 30, 2023 | 1.43 Bn |
| Mar 31, 2023 | 1.46 Bn |
| Dec 31, 2022 | 1.45 Bn |
| Sep 30, 2022 | 1.50 Bn |
| Jun 30, 2022 | 1.50 Bn |
| Mar 31, 2022 | 1.57 Bn |
| Dec 31, 2021 | 1.51 Bn |
| Sep 30, 2021 | 1.20 Bn |
API Access
Cloudflare Short-term Investments 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=short-term-investments&ticker=NET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "short-term-investments", "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=short-term-investments&ticker=NET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();