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Cloudflare (NET) Capital Expenditures (2017 - 2025)

Quarterly results put Capital Expenditures at $65.2 million for Q1 2026, down 24.05% from a year ago — trailing twelve months through Mar 2026 was $5.7 million (down 94.87% YoY), and the annual figure for FY2025 was $26.4 million, down 53.96%.

Cloudflare has reported Capital Expenditures over the past 9 years, most recently at $26.4 million for FY2025.

  • Capital Expenditures reached $26.4 million in FY2025 per NET's latest filing, down from $57.2 million in the prior year.
  • Across five years, Capital Expenditures topped out at $143.6 million in FY2022 and bottomed at $13.5 million in FY2021.
  • Median Capital Expenditures over the past 5 years was $26.4 million (2023), compared with a mean of $53.4 million.
  • The largest annual shift saw Capital Expenditures soared 960.29% in 2022 before it plummeted 81.6% in 2023.
  • Over 5 years, Capital Expenditures stood at $13.5 million in 2021, then skyrocketed by 960.29% to $143.6 million in 2022, then tumbled by 81.6% to $26.4 million in 2023, then surged by 116.63% to $57.2 million in 2024, then crashed by 53.96% to $26.4 million in 2025.
  • Business Quant data shows Capital Expenditures for NET at $26.4 million in FY2025, $57.2 million in FY2024, and $26.4 million in FY2023.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capital Expenditures (Yr)
1 Microsoft 3,115.84 Bn 3,037.57 Bn 56.06 Bn -
2 Oracle 544.25 Bn 505.67 Bn 15.14 Bn -
3 Palantir Technologies 328.85 Bn 320.93 Bn 1.42 Bn -
4 Palo Alto Networks 175.67 Bn 171.13 Bn 1.91 Bn -
5 CrowdStrike Holdings 162.44 Bn 159.38 Bn 993.68 Mn 302.11 Mn
6 Fortinet 95.68 Bn 92.39 Bn 1.49 Bn -
7 Synopsys 95.66 Bn 95.54 Bn 1.77 Bn -
8 Cloudflare 74.88 Bn 73.94 Bn 455.60 Mn -
9 CoreWeave 56.29 Bn 54.02 Bn 2.01 Bn -
10 Block 40.97 Bn 34.07 Bn 2.91 Bn -

Historic Data

Download Data 🔒
DateValue
Dec 31, 2025 26.35 Mn
Dec 31, 2025 26.35 Mn
Dec 31, 2024 57.24 Mn
Dec 31, 2024 57.24 Mn
Dec 31, 2023 26.42 Mn
Dec 31, 2023 26.42 Mn
Dec 31, 2022 143.61 Mn
Dec 31, 2022 143.61 Mn
Dec 31, 2021 13.54 Mn
Dec 31, 2021 13.54 Mn
Dec 31, 2020 56.38 Mn
Dec 31, 2020 56.38 Mn
Dec 31, 2019 43.29 Mn
Dec 31, 2019 43.29 Mn
Dec 31, 2018 5.76 Mn
Dec 31, 2018 5.76 Mn
Dec 31, 2017 19.03 Mn
Dec 31, 2017 19.03 Mn