Cloudflare NET
NYSE NET
$278.85 -5.66 (-1.99%)
As of: Sep 4, 2026 · 3:59 PM EDT

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.

Analysis

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.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capital Expenditures (Qtr)
1 Microsoft 3,718.29 Bn 3,585.54 Bn 60.48 Bn 35.80 Bn
2 Oracle 452.14 Bn 420.24 Bn - 16.49 Bn
3 Palantir Technologies 418.25 Bn 408.84 Bn 1.64 Bn 14.55 Mn
4 Palo Alto Networks 265.90 Bn 262.79 Bn 2.03 Bn 83.00 Mn
5 CrowdStrike Holdings 217.15 Bn 212.14 Bn 1.10 Bn 124.41 Mn
6 Fortinet 114.54 Bn 110.47 Bn 1.64 Bn 78.00 Mn
7 Cloudflare 98.54 Bn 94.37 Bn 499.52 Mn 49.96 Mn
8 Synopsys 75.44 Bn 71.83 Bn 1.80 Bn -
9 Block 49.56 Bn 43.13 Bn 3.17 Bn 8.58 Bn
10 CoreWeave 49.23 Bn 43.69 Bn 1.70 Bn 6.42 Bn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 49.96 Mn
Mar 31, 2026 65.23 Mn
Dec 31, 2025 85.19 Mn
Sep 30, 2025 84.64 Mn
Jun 30, 2025 59.90 Mn
Mar 31, 2025 85.89 Mn
Dec 31, 2024 73.15 Mn
Sep 30, 2024 50.20 Mn
Jun 30, 2024 29.63 Mn
Mar 31, 2024 32.06 Mn
Dec 31, 2023 30.82 Mn
Sep 30, 2023 27.29 Mn
Jun 30, 2023 38.75 Mn
Mar 31, 2023 17.54 Mn
Dec 31, 2022 40.15 Mn
Sep 30, 2022 41.90 Mn
Jun 30, 2022 37.08 Mn
Mar 31, 2022 24.48 Mn
Dec 31, 2021 28.33 Mn
Sep 30, 2021 28.81 Mn