Cloudflare (NET) Cost of Revenue (2018 - 2026)

Cloudflare (NET) has 9 years of Cost of Revenue data on file, last reported at $184.2 million in Q1 2026.

• For the quarter ending Q1 2026, Cost of Revenue rose 59.34% year-over-year to $184.2 million; the trailing twelve-month figure through Mar 2026 stood at $621.1 million (up 51.77% YoY), and the FY2025 full-year result was $552.5 million, up 45.9% from the prior year.
• Cost of Revenue rose to $184.2 million in Q1 2026, from $162.0 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $184.2 million in Q1 2026 to a low of $47.1 million in Q1 2022.
• A 5-year average of $97.4 million and a median of $85.0 million in 2024 frame the typical range for Cost of Revenue.
• Across the five-year window, Cost of Revenue jumped 65.14% in 2022 and advanced 18.33% in 2024, its largest moves.
• Tracing NET's Cost of Revenue over 5 years: stood at $67.8 million in 2022, then increased by 22.86% to $83.3 million in 2023, then jumped by 30.5% to $108.7 million in 2024, then soared by 49.01% to $162.0 million in 2025, then rose by 13.71% to $184.2 million in 2026.
• Business Quant data shows NET's Cost of Revenue at $184.2 million in Q1 2026, $162.0 million in Q4 2025, and $146.3 million in Q3 2025.