Cloudflare (NET) Free Cash Flow (2018 - 2026)
Cloudflare's (NET) quarterly Free Cash Flow came in at $93.1 million in Q1 2026, up 55.44% year-on-year from $59.9 million in Q1 2025, and down 76.4% quarter-over-quarter from $394.5 million in Q4 2025.
Cloudflare (NET) Free Cash Flow (2018 - 2026) Analysis & Trends
Cloudflare has disclosed Free Cash Flow across 9 years of filings, most recently posting $93.1 million for Q1 2026.
- Free Cash Flow for Q1 2026 came in at $93.1 million, up 55.44% year-over-year; the trailing twelve-month figure through Mar 2026 was $610.0 million (up 78.58% YoY), and the FY2025 annual result was $576.8 million, up 78.46% from the prior year.
- Free Cash Flow came in at $93.1 million for Q1 2026 at Cloudflare, down from $394.5 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $394.5 million in Q4 2025 to a low of -$52.4 million in Q1 2022.
- The 5-year median for Free Cash Flow is $59.9 million (2025), against an average of $70.6 million.
- Peak annual rise in Free Cash Flow reached 634.63% in 2022, while the deepest fall reached 4373.16% in 2022.
- Cloudflare's Free Cash Flow stood at -$37.0 million in 2022, then surged by 310.08% to $77.8 million in 2023, then jumped by 36.79% to $106.5 million in 2024, then soared by 270.55% to $394.5 million in 2025, then plunged by 76.4% to $93.1 million in 2026.
- The last three Free Cash Flow figures came in at $93.1 million (Q1 2026), $394.5 million (Q4 2025), and -$12.2 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,064.95 Bn | 2,986.68 Bn | 56.06 Bn | 15.80 Bn |
| 2 | Alarum Technologies | 1,117.04 Bn | 1,102.89 Bn | 7.23 Mn | - |
| 3 | Oracle | 608.54 Bn | 569.96 Bn | 15.14 Bn | 9.49 Bn |
| 4 | Palantir Technologies | 326.97 Bn | 319.05 Bn | 1.42 Bn | 891.76 Mn |
| 5 | Palo Alto Networks | 185.10 Bn | 180.56 Bn | 1.91 Bn | 384.00 Mn |
| 6 | CrowdStrike Holdings | 165.31 Bn | 162.25 Bn | 993.68 Mn | 395.40 Mn |
| 7 | Fortinet | 105.66 Bn | 102.37 Bn | 1.49 Bn | 1.02 Bn |
| 8 | Synopsys | 89.71 Bn | 89.60 Bn | 1.77 Bn | 821.51 Mn |
| 9 | Cloudflare | 87.54 Bn | 86.60 Bn | 455.60 Mn | 93.10 Mn |
| 10 | CoreWeave | 53.90 Bn | 51.63 Bn | 2.01 Bn | -4.71 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 93.10 Mn |
| Mar 31, 2026 | 93.10 Mn |
| Dec 31, 2025 | 394.49 Mn |
| Dec 31, 2025 | 394.49 Mn |
| Sep 30, 2025 | -12.21 Mn |
| Sep 30, 2025 | -12.21 Mn |
| Jun 30, 2025 | 134.60 Mn |
| Jun 30, 2025 | 134.60 Mn |
| Mar 31, 2025 | 59.90 Mn |
| Mar 31, 2025 | 59.90 Mn |
| Dec 31, 2024 | 106.46 Mn |
| Dec 31, 2024 | 106.46 Mn |
| Sep 30, 2024 | 82.58 Mn |
| Sep 30, 2024 | 82.58 Mn |
| Jun 30, 2024 | 92.63 Mn |
| Jun 30, 2024 | 92.63 Mn |
| Mar 31, 2024 | 41.52 Mn |
| Mar 31, 2024 | 41.52 Mn |
| Dec 31, 2023 | 77.83 Mn |
| Dec 31, 2023 | 77.83 Mn |