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Cloudflare (NET) Cost of Revenue: 2018-2025

Historic Cost of Revenue for Cloudflare (NET) over the last 7 years, with Sep 2025 value amounting to $236.3 million.

  • Cloudflare's Cost of Revenue rose 27.58% to $236.3 million in Q3 2025 from the same period last year, while for Sep 2025 it was $861.6 million, marking a year-over-year increase of 19.83%. This contributed to the annual value of $745.8 million for FY2024, which is 24.48% up from last year.
  • As of Q3 2025, Cloudflare's Cost of Revenue stood at $236.3 million, which was up 7.73% from $219.4 million recorded in Q2 2025.
  • In the past 5 years, Cloudflare's Cost of Revenue ranged from a high of $236.3 million in Q3 2025 and a low of $70.0 million during Q1 2021.
  • For the 3-year period, Cloudflare's Cost of Revenue averaged around $183.1 million, with its median value being $185.2 million (2024).
  • Data for Cloudflare's Cost of Revenue shows a peak YoY surged of 54.78% (in 2022) over the last 5 years.
  • Over the past 5 years, Cloudflare's Cost of Revenue (Quarterly) stood at $96.2 million in 2021, then soared by 37.24% to $132.1 million in 2022, then climbed by 25.11% to $165.2 million in 2023, then grew by 16.19% to $192.0 million in 2024, then grew by 27.58% to $236.3 million in 2025.
  • Its Cost of Revenue was $236.3 million in Q3 2025, compared to $219.4 million in Q2 2025 and $214.0 million in Q1 2025.