Cloudflare, Inc. (NET) - Dilution Analysis

Visualizing historical and potential share dilution over time

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Dilution Analysis

Low Risk

Limited dilution potential

Last updated: May 08, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares

Recent Dilution: 5.11% (2 years)

Historical Dilution Factor: minimal recent dilution

Outstanding Shares

320M

Potential Supply

Additional shares possible

Splits

None

Past 2 years

Summary

NET currently has 320M outstanding shares. with minimal authorized share overhang for future dilution. The company has minimally diluted shareholders by 5.11% over the past 2 years.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding
May 08, 2026	10-Q filing \| 319.5M shares outstanding	320M
Oct 30, 2025	10-Q filing \| 315.3M shares outstanding	320M
Jul 31, 2025	10-Q filing \| 312.9M shares outstanding	310M
May 08, 2025	10-Q filing \| 310.6M shares outstanding	310M
Feb 20, 2025	10-K filing \| 308.3M shares outstanding	310M
Nov 07, 2024	10-Q filing \| 305.7M shares outstanding	310M
Aug 01, 2024	10-Q filing \| 303.7M shares outstanding	300M
May 02, 2024	10-Q filing \| 301.1M shares outstanding	300M
Feb 21, 2024	10-K filing \| 298.4M shares outstanding	300M
Nov 02, 2023	10-Q filing \| 295.9M shares outstanding	300M
Aug 03, 2023	10-Q filing \| 292.6M shares outstanding	290M
Apr 27, 2023	10-Q filing \| 289.5M shares outstanding	290M
Feb 24, 2023	10-K filing \| 287.0M shares outstanding	290M
Nov 03, 2022	10-Q filing \| 284.7M shares outstanding	280M
Aug 04, 2022	10-Q filing \| 283.0M shares outstanding	280M
May 05, 2022	10-Q filing \| 281.3M shares outstanding	280M
Mar 01, 2022	10-K filing \| 278.5M shares outstanding	280M
Nov 05, 2021	10-Q filing \| 273.9M shares outstanding	270M
Aug 06, 2021	10-Q filing \| 263.4M shares outstanding	260M
May 07, 2021	10-Q filing \| 256.3M shares outstanding	260M
Feb 25, 2021	10-K filing \| 250.3M shares outstanding	250M
Nov 10, 2020	10-Q filing \| 233.9M shares outstanding	230M
Aug 10, 2020	10-Q filing \| 192.7M shares outstanding	190M
May 11, 2020	10-Q filing \| 165.0M shares outstanding	170M
Mar 04, 2020	10-K filing \| 94.6M shares outstanding	95M

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