KPIs & Operating Metrics(New)
Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Consolidated Net IncomeCost of RevenueEBITEBITDAEBTEPS (Basic)EPS (Weighted Average and Diluted)Gross ProfitIncome from Continuing OperationsIncome towards Parent CompanyInterest & Investment IncomeInterest ExpensesNet Income towards Common StockholdersNon Operating IncomeOperating ExpensesOperating IncomeOther Non Operating IncomeOther Operating ExpensesProfit After TaxResearch & DevelopmentRevenueSelling, General & AdministrativeShares OutstandingShares Outstanding (Diluted Average)Shares Outstanding (Weighted Average)Tax ProvisionsTax Rate
Others
Ratios

Cloudflare (NET) Cost of Revenue (2018 - 2025)

Cloudflare's Cost of Revenue history spans 8 years, with the latest figure at $341.1 million for Q4 2025.

  • For Q4 2025, Cost of Revenue rose 90346.3% year-over-year to $341.1 million; the TTM value through Dec 2025 reached $920.8 million, up 143.15%, while the annual FY2025 figure was $920.8 million, 143.15% up from the prior year.
  • Cost of Revenue for Q4 2025 was $341.1 million at Cloudflare, up from $146.3 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $375.4 million in Q4 2023 and bottomed at -$84.7 million in Q4 2021.
  • The 5-year median for Cost of Revenue is $98.0 million (2022), against an average of $127.0 million.
  • The largest annual shift saw Cost of Revenue plummeted 158.07% in 2021 before it skyrocketed 90346.3% in 2025.
  • A 5-year view of Cost of Revenue shows it stood at -$84.7 million in 2021, then soared by 455.25% to $300.9 million in 2022, then increased by 24.74% to $375.4 million in 2023, then crashed by 100.1% to -$378000.0 in 2024, then surged by 90346.3% to $341.1 million in 2025.
  • Per Business Quant, the three most recent readings for NET's Cost of Revenue are $341.1 million (Q4 2025), $146.3 million (Q3 2025), and $317.8 million (Q2 2025).