Cloudflare (NET) Capital Expenditures (2018 - 2026)
Cloudflare (NET) reported Capital Expenditures of $65.2 million for Q1 2026, down 24.05% year-over-year from $85.9 million in Q1 2025, and up 131.96% sequentially from -$204.1 million in Q4 2025.
Cloudflare (NET) Capital Expenditures (2018 - 2026) Analysis & Trends
Cloudflare's Capital Expenditures history runs 9 years deep, the most recent figure standing at $65.2 million for Q1 2026.
- Quarterly Capital Expenditures fell 24.05% year-over-year to $65.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $5.7 million (down 94.87% YoY) and the FY2025 annual result came in at $26.4 million, down 53.96% from the prior year.
- Capital Expenditures was $65.2 million for Q1 2026 at Cloudflare, up from -$204.1 million in the prior quarter.
- In the past five years, Capital Expenditures ranged from a high of $179.3 million in Q3 2025 to a low of -$204.1 million in Q4 2025.
- Median Capital Expenditures over the past 5 years was $18.3 million (2022), compared with a mean of $18.8 million.
- Across the five-year window, Capital Expenditures jumped 1516.08% in 2022 and tumbled 1078.92% in 2025, its largest moves.
- Over 5 years, Capital Expenditures stood at $115.2 million in 2022, then sank by 93.39% to $7.6 million in 2023, then surged by 173.8% to $20.8 million in 2024, then sank by 1078.92% to -$204.1 million in 2025, then soared by 131.96% to $65.2 million in 2026.
- Business Quant data shows NET's Capital Expenditures at $65.2 million in Q1 2026, -$204.1 million in Q4 2025, and $179.3 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capital Expenditures (Qtr) |
|---|---|---|---|---|---|
| 1 | ZenaTech | 82,806.72 Bn | 82,806.72 Bn | - | 2.87 Mn |
| 2 | Microsoft | 11,085.79 Bn | 11,007.52 Bn | 56.06 Bn | 30.88 Bn |
| 3 | Palantir Technologies | 1,073.49 Bn | 1,065.58 Bn | 1.42 Bn | 7.40 Mn |
| 4 | Rezolve Ai | 1,009.18 Bn | 1,009.17 Bn | - | - |
| 5 | Palo Alto Networks | 824.56 Bn | 820.03 Bn | 1.91 Bn | 170.00 Mn |
| 6 | CrowdStrike Holdings | 701.26 Bn | 698.20 Bn | 993.68 Mn | 102.47 Mn |
| 7 | Oracle | 514.97 Bn | 476.40 Bn | 17.12 Bn | 773.00 Mn |
| 8 | Fortinet | 456.74 Bn | 453.45 Bn | 1.49 Bn | 56.00 Mn |
| 9 | Cloudflare | 331.63 Bn | 330.68 Bn | 455.60 Mn | 65.23 Mn |
| 10 | Synopsys | 303.79 Bn | 303.67 Bn | 1.77 Bn | 35.32 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 65.23 Mn |
| Mar 31, 2026 | 65.23 Mn |
| Dec 31, 2025 | -204.08 Mn |
| Dec 31, 2025 | -204.08 Mn |
| Sep 30, 2025 | 179.34 Mn |
| Sep 30, 2025 | 179.34 Mn |
| Jun 30, 2025 | -34.80 Mn |
| Jun 30, 2025 | -34.80 Mn |
| Mar 31, 2025 | 85.89 Mn |
| Mar 31, 2025 | 85.89 Mn |
| Dec 31, 2024 | 20.85 Mn |
| Dec 31, 2024 | 20.85 Mn |
| Sep 30, 2024 | 22.15 Mn |
| Sep 30, 2024 | 22.15 Mn |
| Jun 30, 2024 | -17.81 Mn |
| Jun 30, 2024 | -17.81 Mn |
| Mar 31, 2024 | 32.06 Mn |
| Mar 31, 2024 | 32.06 Mn |
| Dec 31, 2023 | 7.61 Mn |
| Dec 31, 2023 | 7.61 Mn |