stockrowCloudflare, Inc.
NET Technology Software Infrastructure
Cloudflare, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.2 billion, up 29.8% from fiscal 2024.
- Revenue
- +39.2%
- EPS
- −2,602.7%
- Free cash flow
- +9.48%
- Total debt
- +125.2%
Quarter to September 2026, against a year earlier
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Cloudflare, Inc. (NET) Total debt
Cloudflare, Inc.'s total debt at the end of fiscal 2025 was $2.0B, up 53.4% from $1.3B in fiscal 2024. At the end of the quarter to 30 September 2026 it was $4.4B. Over the past ten years it has ranged from $10.4M (fiscal 2018) to $2.0B (fiscal 2025) — the current reading is the highest in ten years. Cloudflare, Inc. ranks 13th of 172 Software Infrastructure companies by total debt.
Total debt, annual
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Annual newest first
| Period | Total debt | Change |
|---|---|---|
| FY2025 | $2.0B | 53.35% |
| FY2024 | $1.3B | 0.31% |
| FY2023 | $1.3B | (10.64%) |
| FY2022 | $1.4B | 25.23% |
| FY2021 | $1.1B | 199.23% |
| FY2020 | $383.3M | 3,548.15% |
| FY2019 | $10.5M | 0.60% |
| FY2018 | $10.4M | (1.18%) |
| FY2017 | $10.6M | — |
Quarterly newest first
| Period | Total debt | Change |
|---|---|---|
| Sep 2026 | $4.4B | 124.68% |
| Jun 2026 | $2.0B | 0.07% |
| Mar 2026 | $2.0B | 0.07% |
| Dec 2025 | $2.0B | 0.07% |
| 27 more quarters | Free account |
Against its own ten years
Total debt against peers
| Company | Total debt |
|---|---|
| SNPS Synopsys, Inc. compare | $10.0B |
| NBIS Nebius Group N.V. compare | $8.5B |
| XYZ Block, Inc. compare | $5.7B |
| NET Cloudflare, Inc. | $4.4B |
| NTAP NetApp, Inc. compare | $2.5B |
| ZS Zscaler, Inc. compare | $1.7B |
| CRWD CrowdStrike compare | $746.2M |
| FTNT Fortinet, Inc. compare | $497.1M |
| OKTA Okta, Inc. compare | $350.0M |
What Total debt is
Total Debt tells an investor how much a company has borrowed in all, whether the money is due within a year or later.
Long Term Debt (Total) + Current Part of Debt
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