Cloudflare (NET) Current Leases (2020 - 2026)

Cloudflare's (NET) quarterly Current Leases came in at $74.6 million in Q1 2026, up 40.6% year-on-year from $53.1 million in Q1 2025, and up 5.22% quarter-over-quarter from $70.9 million in Q4 2025.

Cloudflare (NET) Current Leases (2020 - 2026) Analysis & Trends

Cloudflare has disclosed Current Leases across 7 years of filings, most recently posting $74.6 million for Q1 2026.

  • Current Leases for Q1 2026 came in at $74.6 million, up 40.6% year-over-year; the trailing twelve-month figure through Mar 2026 was $74.6 million (up 40.6% YoY), and the FY2025 annual result was $70.9 million, up 48.87% from the prior year.
  • Current Leases came in at $74.6 million for Q1 2026 at Cloudflare, up from $70.9 million in the prior quarter.
  • In the past five years, Current Leases ranged from a high of $74.6 million in Q1 2026 to a low of $27.3 million in Q1 2022.
  • The 5-year median for Current Leases is $39.3 million (2024), against an average of $44.3 million.
  • Across the five-year window, Current Leases increased 12.87% in 2024 and surged 51.81% in 2025, its largest moves.
  • Cloudflare's Current Leases stood at $33.3 million in 2022, then grew by 15.25% to $38.4 million in 2023, then grew by 24.18% to $47.6 million in 2024, then surged by 48.87% to $70.9 million in 2025, then grew by 5.22% to $74.6 million in 2026.
  • The last three Current Leases figures came in at $74.6 million (Q1 2026), $70.9 million (Q4 2025), and $65.3 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Current Leases (Qtr)
1 Microsoft 3,064.95 Bn 2,986.68 Bn 56.06 Bn -
2 Alarum Technologies 1,117.04 Bn 1,102.89 Bn 7.23 Mn 786.00 Mn
3 Oracle 608.54 Bn 569.96 Bn 15.14 Bn -
4 Palantir Technologies 326.97 Bn 319.05 Bn 1.42 Bn -
5 Palo Alto Networks 185.10 Bn 180.56 Bn 1.91 Bn -
6 CrowdStrike Holdings 165.31 Bn 162.25 Bn 993.68 Mn 18.23 Mn
7 Fortinet 105.66 Bn 102.37 Bn 1.49 Bn -
8 Synopsys 89.71 Bn 89.60 Bn 1.77 Bn 133.10 Mn
9 Cloudflare 87.54 Bn 86.60 Bn 455.60 Mn 74.60 Mn
10 CoreWeave 53.90 Bn 51.63 Bn 2.01 Bn 23.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 74.60 Mn
Dec 31, 2025 70.90 Mn
Sep 30, 2025 65.32 Mn
Jun 30, 2025 56.81 Mn
Mar 31, 2025 53.06 Mn
Dec 31, 2024 47.63 Mn
Sep 30, 2024 43.03 Mn
Jun 30, 2024 40.74 Mn
Mar 31, 2024 39.27 Mn
Dec 31, 2023 38.35 Mn
Sep 30, 2023 35.08 Mn
Jun 30, 2023 35.37 Mn
Mar 31, 2023 34.80 Mn
Dec 31, 2022 33.28 Mn
Sep 30, 2022 28.53 Mn
Jun 30, 2022 28.30 Mn
Mar 31, 2022 27.31 Mn
Dec 31, 2021 25.18 Mn
Sep 30, 2021 23.45 Mn
Jun 30, 2021 20.03 Mn