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

Cloudflare (NET) reported Free Cash Flow of $164.7 million for Q1 2026, up 9.16% on a YoY basis from $150.9 million in Q1 2025, and down 31.02% sequentially from $238.8 million in Q4 2025.

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

Cloudflare (NET) has 9 years of Free Cash Flow data on file, last reported at $164.7 million in Q1 2026.

  • For the quarter ending Q1 2026, Free Cash Flow rose 9.16% year-over-year to $164.7 million; the trailing twelve-month figure through Mar 2026 stood at $623.7 million (up 35.84% YoY), and the FY2025 full-year result was $609.9 million, up 59.41% from the prior year.
  • Free Cash Flow slipped to $164.7 million in Q1 2026, from $238.8 million in the prior quarter.
  • In the past five years, Free Cash Flow ranged from a high of $241.4 million in Q4 2024 to a low of -$35.6 million in Q1 2022.
  • A 5-year average of $88.7 million and a median of $75.8 million in 2022 frame the typical range for Free Cash Flow.
  • Peak annual rise in Free Cash Flow reached 446.0% in 2022, while the deepest fall reached 272.02% in 2022.
  • Tracing NET's Free Cash Flow over 5 years: stood at $77.6 million in 2022, then surged by 35.69% to $105.3 million in 2023, then soared by 129.28% to $241.4 million in 2024, then dropped by 1.06% to $238.8 million in 2025, then slumped by 31.02% to $164.7 million in 2026.
  • Business Quant data shows NET's Free Cash Flow at $164.7 million in Q1 2026, $238.8 million in Q4 2025, and $176.6 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Microsoft 2,842.90 Bn 2,718.46 Bn 56.06 Bn 45.75 Bn
2 PagSeguro Digital 2,572.26 Bn 2,572.26 Bn 358.92 Mn 223.25 Mn
3 Oracle 329.59 Bn 297.69 Bn - -1.87 Bn
4 Repay Holdings 314.63 Bn 314.48 Bn - -
5 Palantir Technologies 294.47 Bn 286.44 Bn 1.42 Bn 891.76 Mn
6 Palo Alto Networks 227.51 Bn 222.98 Bn 1.91 Bn 384.00 Mn
7 CrowdStrike Holdings 183.28 Bn 180.18 Bn 993.68 Mn 628.76 Mn
8 Fortinet 112.44 Bn 109.14 Bn 1.49 Bn 1.02 Bn
9 Cloudflare 92.78 Bn 91.83 Bn 455.60 Mn 164.72 Mn
10 Synopsys 70.83 Bn 68.63 Bn 1.77 Bn 775.42 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 164.72 Mn
Mar 31, 2026 164.72 Mn
Dec 31, 2025 238.80 Mn
Dec 31, 2025 238.80 Mn
Sep 30, 2025 176.62 Mn
Sep 30, 2025 176.62 Mn
Jun 30, 2025 43.59 Mn
Jun 30, 2025 43.59 Mn
Mar 31, 2025 150.90 Mn
Mar 31, 2025 150.90 Mn
Dec 31, 2024 241.36 Mn
Dec 31, 2024 241.36 Mn
Sep 30, 2024 54.52 Mn
Sep 30, 2024 54.52 Mn
Jun 30, 2024 12.37 Mn
Jun 30, 2024 12.37 Mn
Mar 31, 2024 74.34 Mn
Mar 31, 2024 74.34 Mn
Dec 31, 2023 105.27 Mn
Dec 31, 2023 105.27 Mn