Shares Outstanding for Cloudflare (NET)
According to Cloudflare's latest reported financial statements, the company's latest reported diluted shares outstanding is 351.09M. Diluted weighted-average shares outstanding is the share count used to compute per-share metrics like EPS. Buybacks lower it; new issuance, stock-based compensation, and convertible securities raise it. Multiply by the stock price for market capitalization.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
NET
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Latest period
351.09M
YoY change
+2.1%
5Y CAGR
+3.1%
Peak year (2025)
348.42M
Latest annual
348.42M
Shares Outstanding history chart for Cloudflare (NET) from 2016 to 2025
Shares Outstanding history table for Cloudflare (NET) from 2016 to 2025
| Fiscal year | Period ended | Reported | Shares Outstanding | YoY |
|---|---|---|---|---|
| 2025 | 348.42M | +2.1% | ||
| 2024 | 341.41M | +2.3% | ||
| 2023 | 333.66M | +2.2% | ||
| 2022 | 326.33M | +4.5% | ||
| 2021 | 312.32M | +4.2% | ||
| 2020 | 299.77M | -0.1% | ||
| 2019 | 300.17M | +26.5% | ||
| 2018 | 237.32M | -5.5% | ||
| 2017 | 251.09M | +5.8% | ||
| 2016 | 237.32M | — |
Shares Outstanding values are taken from Cloudflare's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, Cloudflare (NET) reported diluted shares outstanding of 348.42M – edged up 2.1% year-over-year.
Through 2020–2025 (5 years), Cloudflare diluted shares outstanding delivered a +3.1% annualised rate; sustaining 5 straight years of year-over-year growth.
The highest annual diluted shares outstanding of 348.42M was reported in 2025. The lowest in the available history was 237.32M in 2016.
Within Technology, Cloudflare (NET) ranks 9th among 8 peers we track. The peer median for diluted shares outstanding is 5.02B.
Cloudflare Shares Outstanding by Year
Cloudflare Shares Outstanding 2025: 348.42M
Cloudflare diluted shares outstanding in 2025 was 348.42M, edged up 2.1% from 2024. This figure represents the highest annual value in the available history.
Cloudflare Shares Outstanding 2024: 341.41M
Cloudflare diluted shares outstanding in 2024 was 341.41M, edged up 2.3% from 2023.
Cloudflare Shares Outstanding 2023: 333.66M
Cloudflare diluted shares outstanding in 2023 was 333.66M, edged up 2.2% from 2022.
Cloudflare Shares Outstanding 2022: 326.33M
Cloudflare diluted shares outstanding in 2022 was 326.33M, edged up 4.5% from 2021.
Cloudflare Shares Outstanding 2021: 312.32M
Cloudflare diluted shares outstanding in 2021 was 312.32M.
See more financial history for Cloudflare (NET).
Sector peers — Shares Outstanding
Companies in the same sector as Cloudflare, ranked by their latest diluted shares outstanding.
| Company | Shares Outstanding | Sector |
|---|---|---|
| NVIDIA Corporation (NVDA) | 24.43B | Technology |
| Apple Inc. (AAPL) | 15.00B | Technology |
| Microsoft Corporation (MSFT) | 7.46B | Technology |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | 5.19B | Technology |
| Broadcom Inc. (AVGO) | 4.85B | Technology |
| Advanced Micro Devices, Inc. (AMD) | 1.64B | Technology |
| Micron Technology, Inc. (MU) | 1.13B | Technology |
| ASML Holding N.V. (ASML) | 388.90M | Technology |
Frequently asked questions
What is Cloudflare's diluted shares outstanding?
- Latest reported diluted shares outstanding for Cloudflare (NET) is 351.09M (period ending December 31, 2025).
How has Cloudflare diluted shares outstanding changed year-over-year?
- Cloudflare (NET) diluted shares outstanding changed +2.1% year-over-year on the latest annual filing.
What is the long-term growth rate of Cloudflare diluted shares outstanding?
- Cloudflare (NET) diluted shares outstanding compound annual growth rate is +3.1% over the most recent 5 years available.
When did Cloudflare diluted shares outstanding hit its highest annual value?
- Cloudflare diluted shares outstanding reached its highest annual value of 348.42M in 2025.
What was Cloudflare diluted shares outstanding in 2024?
- Cloudflare (NET) diluted shares outstanding in 2024 was 341.41M.
What was Cloudflare diluted shares outstanding in 2025?
- Cloudflare (NET) diluted shares outstanding in 2025 was 348.42M.
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