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| Date | Value |
|---|---|
| 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 |