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
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