Total Debt for Cloudflare (NET)
According to Cloudflare's latest reported financial statements, the company's latest reported total debt is $3.70B USD. Total debt is the sum of short-term and long-term interest-bearing borrowings on the balance sheet (notes, bonds, term loans, lease liabilities). Useful for leverage and refinancing risk — combine with cash on hand for net debt, and see total liabilities for the broader obligations picture.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
NET
Currently viewingRevenueSwitch metric
Latest period
$3.70B
YoY change
+152.9%
5Y CAGR
+53.9%
Peak year (2025)
$3.70B
Latest annual
$3.70B
Total Debt history chart for Cloudflare (NET) from 2017 to 2025
Total Debt history table for Cloudflare (NET) from 2017 to 2025
| Fiscal year | Period ended | Reported | Total Debt | YoY |
|---|---|---|---|---|
| 2025 | $3.70B | +152.9% | ||
| 2024 | $1.46B | +2.0% | ||
| 2023 | $1.44B | -9.0% | ||
| 2022 | $1.58B | +22.0% | ||
| 2021 | $1.29B | +201.9% | ||
| 2020 | $428.30M | +3976.7% | ||
| 2019 | $10.51M | -1.8% | ||
| 2018 | $10.70M | -2.1% | ||
| 2017 | $10.92M | — |
Total Debt values are taken from Cloudflare's reported balance sheets (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
2025's annual total debt for Cloudflare (NET) came in at $3.70B – surged 152.9% year-over-year.
Cloudflare total debt has recorded the values shown across consecutive periods, with a +53.9% compound annual growth rate over 2020–2025 (5 years).
The highest annual total debt of $3.70B was reported in 2025. The lowest in the available history was $10.51M in 2019.
Cloudflare (NET) sits 8th of 8 Technology peers we track on this metric, against a peer median of $40.21B.
Cloudflare Total Debt by Year
Cloudflare Total Debt 2025: $3.70B
Cloudflare total debt in 2025 was $3.70B, surged 152.9% from 2024. This figure represents the highest annual value in the available history.
Cloudflare Total Debt 2024: $1.46B
Cloudflare total debt in 2024 was $1.46B, edged up 2.0% from 2023.
Cloudflare Total Debt 2023: $1.44B
Cloudflare total debt in 2023 was $1.44B, declined 9.0% below 2022.
Cloudflare Total Debt 2022: $1.58B
Cloudflare total debt in 2022 was $1.58B, grew 22.0% from 2021.
Cloudflare Total Debt 2021: $1.29B
Cloudflare total debt in 2021 was $1.29B.
See more financial history for Cloudflare (NET).
Sector peers — Total Debt
Companies in the same sector as Cloudflare, ranked by their latest total debt.
| Company | Total Debt | Sector |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $1.06T | Technology |
| Apple Inc. (AAPL) | $112.38B | Technology |
| Microsoft Corporation (MSFT) | $112.18B | Technology |
| Broadcom Inc. (AVGO) | $65.14B | Technology |
| Micron Technology, Inc. (MU) | $15.28B | Technology |
| NVIDIA Corporation (NVDA) | $11.41B | Technology |
| Advanced Micro Devices, Inc. (AMD) | $4.47B | Technology |
| ASML Holding N.V. (ASML) | $2.71B | Technology |
Frequently asked questions
What is Cloudflare's total debt?
- Latest reported total debt for Cloudflare (NET) is $3.70B (period ending December 31, 2025).
How has Cloudflare total debt changed year-over-year?
- Cloudflare (NET) total debt changed +152.9% year-over-year on the latest annual filing.
What is the long-term growth rate of Cloudflare total debt?
- Cloudflare (NET) total debt compound annual growth rate is +53.9% over the most recent 5 years available.
When did Cloudflare total debt hit its highest annual value?
- Cloudflare total debt reached its highest annual value of $3.70B in 2025.
What was Cloudflare total debt in 2024?
- Cloudflare (NET) total debt in 2024 was $1.46B.
What was Cloudflare total debt in 2025?
- Cloudflare (NET) total debt in 2025 was $3.70B.
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