Cloudflare (NET) Current Leases (2020 - 2026)
Cloudflare (NET) reported Current Leases of $74.6 million for Q1 2026, up 40.6% on a YoY basis from $53.1 million in Q1 2025, and up 5.22% sequentially from $70.9 million in Q4 2025.
Cloudflare (NET) Current Leases (2020 - 2026) Analysis & Trends
Cloudflare (NET) has 7 years of Current Leases data on file, last reported at $74.6 million in Q1 2026.
- For the quarter ending Q1 2026, Current Leases rose 40.6% year-over-year to $74.6 million; the trailing twelve-month figure through Mar 2026 stood at $74.6 million (up 40.6% YoY), and the FY2025 full-year result was $70.9 million, up 48.87% from the prior year.
- Current Leases grew to $74.6 million in Q1 2026, 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.
- A 5-year average of $44.3 million and a median of $39.3 million in 2024 frame the typical range for Current Leases.
- Across the five-year window, Current Leases increased 12.87% in 2024 and surged 51.81% in 2025, its largest moves.
- Tracing NET's Current Leases over 5 years: stood at $33.3 million in 2022, then climbed by 15.25% to $38.4 million in 2023, then climbed by 24.18% to $47.6 million in 2024, then jumped by 48.87% to $70.9 million in 2025, then climbed by 5.22% to $74.6 million in 2026.
- Business Quant data shows NET's Current Leases at $74.6 million in Q1 2026, $70.9 million in Q4 2025, and $65.3 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Current Leases (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,842.90 Bn | 2,718.46 Bn | 56.06 Bn | - |
| 2 | PagSeguro Digital | 2,572.26 Bn | 2,572.26 Bn | 358.92 Mn | - |
| 3 | Oracle | 329.59 Bn | 297.69 Bn | - | - |
| 4 | Repay Holdings | 314.63 Bn | 314.48 Bn | - | 1.55 Mn |
| 5 | Palantir Technologies | 294.47 Bn | 286.44 Bn | 1.42 Bn | - |
| 6 | Palo Alto Networks | 227.51 Bn | 222.98 Bn | 1.91 Bn | - |
| 7 | CrowdStrike Holdings | 183.28 Bn | 180.18 Bn | 993.68 Mn | 18.23 Mn |
| 8 | Fortinet | 112.44 Bn | 109.14 Bn | 1.49 Bn | - |
| 9 | Cloudflare | 92.78 Bn | 91.83 Bn | 455.60 Mn | 74.60 Mn |
| 10 | Synopsys | 70.83 Bn | 68.63 Bn | 1.77 Bn | 133.10 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 |