Cloudflare Inc (NET) — Tangible Net Worth Ratio
Cloudflare Inc (NET) has a Tangible Net Worth Ratio of 98.6% as of September 2025. This metric is calculated by deducting intangible assets ($18.41 Million) from net assets ($1.35 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore net asset momentum of Cloudflare Inc to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Cloudflare Inc Tangible Net Worth Ratio (2019–2024)
This chart shows how Cloudflare Inc's Tangible Net Worth Ratio has changed across 6 annual periods from 2019 to 2024. As of September 2025, the ratio stands at 98.6%, reflecting net assets of $1.35 Billion with intangible assets of $18.41 Million USD. For live market cap and overall valuation, see NET market cap overview.
Annual Tangible Net Worth Ratio for Cloudflare Inc (2019–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Cloudflare Inc from 2019 to 2024, covering 6 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. Explore NET capex reinvestment rate to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 97.9% | $1.05 Billion | $21.86 Million | $3.30 Billion | ▲ +0.5 pp |
| 2023 | 97.4% | $763.05 Million | $19.56 Million | $2.76 Billion | ▲ +2.6 pp |
| 2022 | 94.8% | $623.96 Million | $32.48 Million | $2.59 Billion | ▼ -5.1 pp |
| 2021 | 99.8% | $815.80 Million | $1.25 Million | $2.37 Billion | ▲ +0.2 pp |
| 2020 | 99.7% | $816.94 Million | $2.80 Million | $1.38 Billion | ▼ -0.3 pp |
| 2019 | 100.0% | $725.83 Million | $31.00K | $830.82 Million | — |