Cloudflare (NET) Capital Expenditures (2018 - 2026)

Cloudflare has disclosed Capital Expenditures across 9 years of filings, most recently posting $65.2 million for Q1 2026.

• Capital Expenditures for Q1 2026 came in at $65.2 million, down 24.05% year-over-year; the trailing twelve-month figure through Mar 2026 was $5.7 million (down 94.87% YoY), and the FY2025 annual result was $26.4 million, down 53.96% from the prior year.
• Capital Expenditures came in at $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.
• The 5-year median for Capital Expenditures is $18.3 million (2022), against an average of $18.8 million.
• Across the five-year window, Capital Expenditures surged 1516.08% in 2022 and plunged 1078.92% in 2025, its largest moves.
• Cloudflare's Capital Expenditures stood at $115.2 million in 2022, then slumped by 93.39% to $7.6 million in 2023, then soared by 173.8% to $20.8 million in 2024, then slumped by 1078.92% to -$204.1 million in 2025, then jumped by 131.96% to $65.2 million in 2026.
• The last three Capital Expenditures figures came in at $65.2 million (Q1 2026), -$204.1 million (Q4 2025), and $179.3 million (Q3 2025), per Business Quant data.