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

Cloudflare has reported Cost of Revenue for 9 years, with the latest figure 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 $621.1 million (up 51.77% YoY) and the FY2025 annual result came in at $552.5 million, up 45.9% from the prior year.
• Cost of Revenue rose to $184.2 million in Q1 2026 per NET's latest filing, from $162.0 million in the prior quarter.
• Over five years, Cost of Revenue peaked at $184.2 million in Q1 2026 and troughed at $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.
• The sharpest annual moves came in 2022 and 2024: Cost of Revenue soared 65.14% in 2022, then grew 18.33% in 2024.
• Over 5 years, Cost of Revenue stood at $67.8 million in 2022, then advanced 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 climbed by 13.71% to $184.2 million in 2026.
• According to Business Quant data, Cost of Revenue over the past three periods registered $184.2 million, $162.0 million, and $146.3 million for Q1 2026, Q4 2025, and Q3 2025 respectively.