Cloudflare (NET) Total Debt (2018 - 2026)
Cloudflare's Total Debt came in at $1.29 billion for Q2 2026, up 0.1% from the prior quarter.
Powered by 
Analysis
Cloudflare (NET) Total Debt (2018 - 2026) Analysis & Trends
Going back to Q4 2018, Cloudflare's Total Debt data covers 8 quarters.
- Total Debt carries a four-year compound annual growth rate of 221.3% (FY2021 to FY2025).
- Going back by year, Total Debt was $12.12 million in FY2021.
- The Q2 2026 figure represents the highest quarterly Total Debt in data going back to Q4 2018.
- Business Quant data shows NET's Total Debt at $1.29 billion (Q1 2026), $1.29 billion (Q4 2025) and $1.29 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,932.24 Bn | 3,855.40 Bn | 60.48 Bn | 40.29 Bn |
| 2 | International Business Machines | 219.04 Bn | 169.85 Bn | 9.91 Bn | 61.99 Bn |
| 3 | Cloudflare | 104.70 Bn | 88.23 Bn | 499.52 Mn | 1.29 Bn |
| 4 | Equinix | 97.19 Bn | 85.75 Bn | 1.40 Bn | 19.70 Bn |
| 5 | Nebius | 40.23 Bn | 13.66 Bn | 448.70 Mn | 8.55 Bn |
| 6 | CoreWeave | 33.76 Bn | 20.85 Bn | 1.70 Bn | 3.66 Bn |
| 7 | Verisign | 27.46 Bn | 24.67 Bn | 384.60 Mn | 2.33 Bn |
| 8 | Nutanix | 17.98 Bn | 9.67 Bn | 651.35 Mn | - |
| 9 | GoDaddy | 13.83 Bn | 9.41 Bn | 828.20 Mn | 3.77 Bn |
| 10 | Akamai Technologies | 12.69 Bn | 6.10 Bn | 613.75 Mn | 1.71 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.29 Bn |
| Mar 31, 2026 | 1.29 Bn |
| Dec 31, 2025 | 1.29 Bn |
| Sep 30, 2025 | 1.29 Bn |
| Jun 30, 2023 | 35.33 Mn |
| Dec 31, 2021 | 12.12 Mn |
| Sep 30, 2019 | 37,000.00 |
| Dec 31, 2018 | 255,000.00 |
API Access
Cloudflare Total Debt 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=total-debt&ticker=NET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-debt", "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=total-debt&ticker=NET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();