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.

• Quarterly Cost of Revenue rose 59.34% year-over-year to $184.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $801.0 million (up 279.75% YoY) and the FY2025 annual result came in at $920.8 million, up 143.15% from the prior year.
• Cost of Revenue slipped to $184.2 million in Q1 2026 per NET's latest filing, from $251.1 million in the prior quarter.
• The five-year high for Cost of Revenue was $251.1 million in Q4 2025, with the low at -$175.1 million in Q4 2024.
• Average Cost of Revenue over 5 years is $104.8 million, with a median of $117.6 million recorded in 2022.
• Year-over-year, Cost of Revenue sank 196.1% in 2023 and soared 243.41% in 2025.
• Cloudflare's Cost of Revenue stood at $132.0 million in 2022, then slumped by 196.1% to -$126.9 million in 2023, then plunged by 38.0% to -$175.1 million in 2024, then soared by 243.41% to $251.1 million in 2025, then dropped by 26.67% to $184.2 million in 2026.
• Business Quant data shows NET's Cost of Revenue at $184.2 million in Q1 2026, $251.1 million in Q4 2025, and $146.3 million in Q3 2025.