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
DateValue
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