Cloudflare (NET) Cash from Operations (2018 - 2026)
Cloudflare's (NET) quarterly Cash from Operations came in at $117.6 million in Q2 2026, up 17.8% year-over-year from $99.8 million in Q2 2025, and down 25.75% quarter-over-quarter from $158.3 million in Q1 2026.
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Analysis
Cloudflare (NET) Cash from Operations (2018 - 2026) Analysis & Trends
Cloudflare has disclosed Cash from Operations across 9 years of filings, most recently posting $117.6 million for Q2 2026.
- In Q2 2026, Cash from Operations rose 17.8% year-over-year to $117.6 million; the TTM figure through Jun 2026 stood at $633.4 million (up 32.62% YoY), while the FY2025 annual figure was $603.1 million, up 58.54% from the prior year.
- Cash from Operations came in at $117.6 million for Q2 2026 at Cloudflare, down from $158.3 million in the prior quarter.
- In the past five years, Cash from Operations ranged from a high of $190.4 million in Q4 2025 to a low of -$35.5 million in Q1 2022.
- Average Cash from Operations over 5 years is $91.0 million, with a median of $81.8 million recorded in 2022.
- The largest YoY upside for Cash from Operations was 717.06% in 2022 against a maximum downside of 250.96% in 2022.
- Over 5 years, Cash from Operations stood at $78.1 million in 2022, then grew by 9.37% to $85.4 million in 2023, then surged by 49.0% to $127.3 million in 2024, then soared by 49.57% to $190.4 million in 2025, then slumped by 38.26% to $117.6 million in 2026.
- Per Business Quant data, the three most recent Cash from Operations figures were $117.6 million in Q2 2026, $158.3 million in Q1 2026, and $190.4 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,717.88 Bn | 3,585.13 Bn | 60.48 Bn | 55.44 Bn |
| 2 | International Business Machines | 219.37 Bn | 208.10 Bn | 9.91 Bn | 2.60 Bn |
| 3 | Cloudflare | 113.46 Bn | 109.29 Bn | 499.52 Mn | 117.56 Mn |
| 4 | Equinix | 102.39 Bn | 100.19 Bn | 1.40 Bn | 1.07 Bn |
| 5 | Nebius | 57.34 Bn | 49.30 Bn | 448.70 Mn | 2.25 Bn |
| 6 | CoreWeave | 47.88 Bn | 42.34 Bn | 1.70 Bn | 679.00 Mn |
| 7 | Verisign | 26.51 Bn | 25.48 Bn | 384.60 Mn | 231.60 Mn |
| 8 | Nutanix | 18.85 Bn | 16.49 Bn | 651.35 Mn | 315.01 Mn |
| 9 | Akamai Technologies | 17.01 Bn | 13.65 Bn | 613.75 Mn | 326.27 Mn |
| 10 | DigitalOcean Holdings | 14.83 Bn | 14.06 Bn | 154.66 Mn | 109.97 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 117.56 Mn |
| Mar 31, 2026 | 158.33 Mn |
| Dec 31, 2025 | 190.41 Mn |
| Sep 30, 2025 | 167.12 Mn |
| Jun 30, 2025 | 99.80 Mn |
| Mar 31, 2025 | 145.78 Mn |
| Dec 31, 2024 | 127.31 Mn |
| Sep 30, 2024 | 104.73 Mn |
| Jun 30, 2024 | 74.82 Mn |
| Mar 31, 2024 | 73.58 Mn |
| Dec 31, 2023 | 85.44 Mn |
| Sep 30, 2023 | 68.10 Mn |
| Jun 30, 2023 | 64.45 Mn |
| Mar 31, 2023 | 36.41 Mn |
| Dec 31, 2022 | 78.12 Mn |
| Sep 30, 2022 | 42.69 Mn |
| Jun 30, 2022 | 38.25 Mn |
| Mar 31, 2022 | -35.47 Mn |
| Dec 31, 2021 | 40.62 Mn |
| Sep 30, 2021 | -6.92 Mn |
API Access
Cloudflare Cash from Operations API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cash-from-operations&ticker=NET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations", "ticker": "NET", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cash-from-operations&ticker=NET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();