Cloudflare (NET) Free Cash Flow (2018 - 2026)

Cloudflare (NET) reported Free Cash Flow of $93.1 million for Q1 2026, up 55.44% year-over-year from $59.9 million in Q1 2025, and down 76.4% sequentially from $394.5 million in Q4 2025.

Cloudflare (NET) Free Cash Flow (2018 - 2026) Analysis & Trends

Cloudflare's Free Cash Flow history runs 9 years deep, the most recent figure standing at $93.1 million for Q1 2026.

  • Quarterly Free Cash Flow rose 55.44% year-over-year to $93.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $610.0 million (up 78.58% YoY) and the FY2025 annual result came in at $576.8 million, up 78.46% from the prior year.
  • Free Cash Flow was $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.
  • Median Free Cash Flow over the past 5 years was $59.9 million (2025), compared with a mean of $70.6 million.
  • On a YoY basis, Free Cash Flow climbed as much as 634.63% in 2022 and fell as far as 4373.16% in 2022.
  • Over 5 years, Free Cash Flow stood at -$37.0 million in 2022, then jumped by 310.08% to $77.8 million in 2023, then soared by 36.79% to $106.5 million in 2024, then surged by 270.55% to $394.5 million in 2025, then tumbled by 76.4% to $93.1 million in 2026.
  • Business Quant data shows NET's Free Cash Flow at $93.1 million in Q1 2026, $394.5 million in Q4 2025, and -$12.2 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 ZenaTech 82,806.72 Bn 82,806.72 Bn - -13.73 Mn
2 Microsoft 11,085.79 Bn 11,007.52 Bn 56.06 Bn 15.80 Bn
3 Palantir Technologies 1,073.49 Bn 1,065.58 Bn 1.42 Bn 891.76 Mn
4 Rezolve Ai 1,009.18 Bn 1,009.17 Bn - -
5 Palo Alto Networks 824.56 Bn 820.03 Bn 1.91 Bn 384.00 Mn
6 CrowdStrike Holdings 701.26 Bn 698.20 Bn 993.68 Mn 395.40 Mn
7 Oracle 514.97 Bn 476.40 Bn 17.12 Bn 13.85 Bn
8 Fortinet 456.74 Bn 453.45 Bn 1.49 Bn 1.02 Bn
9 Cloudflare 331.63 Bn 330.68 Bn 455.60 Mn 93.10 Mn
10 Synopsys 303.79 Bn 303.67 Bn 1.77 Bn 821.51 Mn

Historic Data

Download Data
DateValue
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