Cloudflare (NET) Total Liabilities (2018 - 2026)
Cloudflare's Total Liabilities was $4.85 billion in Q2 2026, up 12.3% from $4.32 billion a year earlier and up 4.7% from the prior quarter.
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Analysis
Cloudflare (NET) Total Liabilities (2018 - 2026) Analysis & Trends
At the end of FY2025, Total Liabilities at Cloudflare came in at $4.58 billion, up 103.0% from FY2024.
- Total Liabilities has now increased for six consecutive years, with a five-year compound annual growth rate of 52.0% (FY2020 to FY2025).
- In earlier years, Total Liabilities was $2.25 billion in FY2024 (+12.9%), $2 billion in FY2023 (+1.7%), $1.96 billion in FY2022 (+25.8%) and $1.56 billion in FY2021 (+176.9%).
- The Q2 2026 figure marks the highest quarterly Total Liabilities in data going back to Q4 2018.
- Compared with a year earlier, Total Liabilities has increased for nine straight quarters, with growth averaging 60.0% over the last eight quarters.
- The best year-over-year quarter for Total Liabilities over five years was Q1 2022 (growth of 205.7%); the worst was Q1 2024 (a decline of 0.5%).
- Per Business Quant data, NET's Total Liabilities in the three quarters before Q2 2026 was $4.64 billion (Q1 2026), $4.58 billion (Q4 2025) and $4.44 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Liabilities (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,833.59 Bn | 3,756.75 Bn | 60.48 Bn | 315.99 Bn |
| 2 | International Business Machines | 212.47 Bn | 163.37 Bn | 9.91 Bn | 117.56 Bn |
| 3 | Cloudflare | 112.40 Bn | 95.93 Bn | 499.52 Mn | 4.85 Bn |
| 4 | Equinix | 99.47 Bn | 88.02 Bn | 1.40 Bn | 26.69 Bn |
| 5 | Nebius | 60.05 Bn | 33.48 Bn | 448.70 Mn | 17.62 Bn |
| 6 | CoreWeave | 48.26 Bn | 35.35 Bn | 1.70 Bn | 72.05 Bn |
| 7 | Verisign | 25.97 Bn | 23.18 Bn | 384.60 Mn | 4.06 Bn |
| 8 | Nutanix | 18.41 Bn | 10.09 Bn | 651.35 Mn | 4.37 Bn |
| 9 | Akamai Technologies | 16.36 Bn | 9.77 Bn | 613.75 Mn | 10.32 Bn |
| 10 | DigitalOcean Holdings | 14.67 Bn | 12.67 Bn | 154.66 Mn | 2.19 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.85 Bn |
| Mar 31, 2026 | 4.64 Bn |
| Dec 31, 2025 | 4.58 Bn |
| Sep 30, 2025 | 4.44 Bn |
| Jun 30, 2025 | 4.32 Bn |
| Mar 31, 2025 | 2.30 Bn |
| Dec 31, 2024 | 2.25 Bn |
| Sep 30, 2024 | 2.09 Bn |
| Jun 30, 2024 | 2.04 Bn |
| Mar 31, 2024 | 2.00 Bn |
| Dec 31, 2023 | 2.00 Bn |
| Sep 30, 2023 | 1.89 Bn |
| Jun 30, 2023 | 1.89 Bn |
| Mar 31, 2023 | 2.01 Bn |
| Dec 31, 2022 | 1.96 Bn |
| Sep 30, 2022 | 1.90 Bn |
| Jun 30, 2022 | 1.89 Bn |
| Mar 31, 2022 | 1.84 Bn |
| Dec 31, 2021 | 1.56 Bn |
| Sep 30, 2021 | 1.46 Bn |
API Access
Cloudflare Total Liabilities 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-liabilities&ticker=NET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-liabilities", "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-liabilities&ticker=NET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();