Total Debt
$3.52B
Net Debt
-$650.3M
Cloudflare, Inc. currently has $3.52B in total debt. Net debt is -$650.3M after cash offsets. This 'Net Cash' position indicates exceptional financial strength.
Financial Fundamentals
NET • Quarterly Data • 5Y View
| Date | Total Debt ($B) | Cash & Inv. ($B) | Net Debt ($B) | Total Assets | Debt/Assets |
|---|---|---|---|---|---|
| 2026-03-31 | 3.52 | 4.17 | -0.65Net Cash | 6.16 | 57.2% |
| 2025-12-31 | 3.70 | 4.10 | -0.40Net Cash | 6.04 | 61.3% |
| 2025-09-30 | 3.50 | 4.04 | -0.54Net Cash | 5.79 | 60.5% |
| 2025-06-30 | 3.46 | 3.96 | -0.50Net Cash | 5.56 | 62.2% |
| 2025-03-31 | 1.48 | 1.91 | -0.44Net Cash | 3.72 | 39.7% |
| 2024-12-31 | 1.46 | 1.86 | -0.40Net Cash | 3.30 | 44.3% |
| 2024-09-30 | 1.45 | 1.82 | -0.37Net Cash | 3.06 | 47.4% |
| 2024-06-30 | 1.44 | 1.76 | -0.32Net Cash | 2.92 | 49.3% |
| 2024-03-31 | 1.44 | 1.72 | -0.28Net Cash | 2.80 | 51.3% |
| 2023-12-31 | 1.44 | 1.67 | -0.24Net Cash | 2.76 | 52.0% |
| 2023-09-30 | 1.42 | 1.57 | -0.16Net Cash | 2.59 | 54.8% |
| 2023-06-30 | 1.46 | 1.58 | -0.13Net Cash | 2.53 | 57.6% |
| 2023-03-31 | 1.58 | 1.72 | -0.13Net Cash | 2.67 | 59.3% |
| 2022-12-31 | 1.58 | 1.65 | -0.07Net Cash | 2.59 | 60.9% |
| 2022-09-30 | 1.57 | 1.64 | -0.07Net Cash | 2.49 | 62.9% |
| 2022-06-30 | 1.57 | 1.64 | -0.07Net Cash | 2.47 | 63.5% |
| 2022-03-31 | 1.57 | 1.73 | -0.15Net Cash | 2.35 | 66.9% |
| 2021-12-31 | 1.29 | 1.82 | -0.53Net Cash | 2.37 | 54.5% |
| 2021-09-30 | 1.25 | 1.81 | -0.57Net Cash | 2.32 | 53.9% |
| 2021-06-30 | 0.45 | 1.03 | -0.59Net Cash | 1.45 | 31.0% |
| 2021-03-31 | 0.44 | 1.04 | -0.60Net Cash | 1.41 | 31.0% |
| 2020-12-31 | 0.43 | 1.03 | -0.60Net Cash | 1.38 | 31.0% |
| 2020-09-30 | 0.42 | 1.05 | -0.63Net Cash | 1.37 | 30.7% |
| 2020-06-30 | 0.41 | 1.07 | -0.66Net Cash | 1.36 | 30.4% |
| 2020-03-31 | 0.05 | 0.59 | -0.54Net Cash | 0.86 | 5.9% |
| 2019-12-31 | 0.01 | 0.64 | -0.63Net Cash | 0.83 | 1.3% |
| 2019-09-30 | 0.01 | 0.65 | -0.63Net Cash | 0.84 | 1.3% |
| 2019-06-30 | 0.01 | 0.12 | -0.11Net Cash | 0.29 | 3.7% |
| 2019-03-31 | 0.01 | 0.14 | -0.13Net Cash | 0.30 | 3.6% |
| 2018-12-31 | 0.01 | 0.16 | -0.15Net Cash | 0.30 | 3.6% |
| 2018-03-31 | 0.00 | 0.07 | -0.07Net Cash | 0.00 | — |