Growth Metrics

Cloudflare (NET) Capital Expenditures: 2018-2025

Historic Capital Expenditures for Cloudflare (NET) over the last 7 years, with Sep 2025 value amounting to $84.6 million.

  • Cloudflare's Capital Expenditures rose 68.60% to $84.6 million in Q3 2025 from the same period last year, while for Sep 2025 it was $303.6 million, marking a year-over-year increase of 112.74%. This contributed to the annual value of $185.0 million for FY2024, which is 61.75% up from last year.
  • Per Cloudflare's latest filing, its Capital Expenditures stood at $84.6 million for Q3 2025, which was up 41.31% from $59.9 million recorded in Q2 2025.
  • Cloudflare's Capital Expenditures' 5-year high stood at $85.9 million during Q1 2025, with a 5-year trough of $13.6 million in Q2 2021.
  • Moreover, its 3-year median value for Capital Expenditures was $38.7 million (2023), whereas its average is $48.2 million.
  • Per our database at Business Quant, Cloudflare's Capital Expenditures skyrocketed by 173.24% in 2022 and then crashed by 34.86% in 2023.
  • Quarterly analysis of 5 years shows Cloudflare's Capital Expenditures stood at $28.3 million in 2021, then spiked by 41.68% to $40.1 million in 2022, then dropped by 23.24% to $30.8 million in 2023, then spiked by 137.39% to $73.2 million in 2024, then skyrocketed by 68.60% to $84.6 million in 2025.
  • Its last three reported values are $84.6 million in Q3 2025, $59.9 million for Q2 2025, and $85.9 million during Q1 2025.