Cloudflare (NET) Capital Expenditures (2018 - 2026)
Cloudflare (NET) posted Capital Expenditures of -$6.4 million for Q1 2026, up 86.79% sequentially from -$48.4 million in Q4 2025, and down 24.91% YoY from -$8.5 million in Q1 2025.
Cloudflare (NET) Capital Expenditures (2018 - 2026) Analysis & Trends
Cloudflare has reported Capital Expenditures for 9 years, with the latest figure at -$6.4 million in Q1 2026.
- Quarterly Capital Expenditures fell 24.91% year-over-year to -$6.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$8.1 million (down 23.58% YoY) and the FY2025 annual result came in at -$6.8 million, down 213.0% from the prior year.
- Capital Expenditures grew to -$6.4 million in Q1 2026 per NET's latest filing, from -$48.4 million in the prior quarter.
- Over five years, Capital Expenditures peaked at $62.4 million in Q2 2024 and troughed at -$114.1 million in Q4 2024.
- A 5-year average of $741529.4 and a median of -$760000.0 in 2024 frame the typical range for Capital Expenditures.
- The widest YoY moves for Capital Expenditures: up 20536.47% in 2023, down 3751.38% in 2023.
- Over 5 years, Capital Expenditures stood at $543000.0 in 2022, then tumbled by 3751.38% to -$19.8 million in 2023, then plunged by 475.25% to -$114.1 million in 2024, then surged by 57.57% to -$48.4 million in 2025, then jumped by 86.79% to -$6.4 million in 2026.
- According to Business Quant data, Capital Expenditures over the past three periods registered -$6.4 million, -$48.4 million, and -$9.5 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capital Expenditures (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 35.80 Bn |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | 16.49 Bn |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 14.55 Mn |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | 83.00 Mn |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 78.00 Mn |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | 49.96 Mn |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 81.41 Mn |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | 6.42 Bn |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | 8.58 Bn |
| 10 | NetApp | 40.59 Bn | 37.00 Bn | 1.37 Bn | 50.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 49.96 Mn |
| Jun 30, 2026 | 49.96 Mn |
| Mar 31, 2026 | -6.39 Mn |
| Mar 31, 2026 | -6.39 Mn |
| Dec 31, 2025 | -48.39 Mn |
| Dec 31, 2025 | -48.39 Mn |
| Sep 30, 2025 | -9.49 Mn |
| Sep 30, 2025 | -9.49 Mn |
| Jun 30, 2025 | 56.21 Mn |
| Jun 30, 2025 | 56.21 Mn |
| Mar 31, 2025 | -5.12 Mn |
| Mar 31, 2025 | -5.12 Mn |
| Dec 31, 2024 | -114.05 Mn |
| Dec 31, 2024 | -114.05 Mn |
| Sep 30, 2024 | 50.20 Mn |
| Sep 30, 2024 | 50.20 Mn |
| Jun 30, 2024 | 62.44 Mn |
| Jun 30, 2024 | 62.44 Mn |
| Mar 31, 2024 | -760,000.00 |
| Mar 31, 2024 | -760,000.00 |