Cloudflare (NET) Free Cash Flow (2018 - 2026)
Cloudflare (NET) posted Free Cash Flow of $164.7 million for Q1 2026, down 31.02% sequentially from $238.8 million in Q4 2025, and up 9.16% YoY from $150.9 million in Q1 2025.
Cloudflare (NET) Free Cash Flow (2018 - 2026) Analysis & Trends
Cloudflare has reported Free Cash Flow for 9 years, with the latest figure at $164.7 million in Q1 2026.
- Quarterly Free Cash Flow rose 9.16% year-over-year to $164.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $623.7 million (up 35.84% YoY) and the FY2025 annual result came in at $609.9 million, up 59.41% from the prior year.
- Free Cash Flow slipped to $164.7 million in Q1 2026 per NET's latest filing, from $238.8 million in the prior quarter.
- Over five years, Free Cash Flow peaked at $241.4 million in Q4 2024 and troughed at -$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.
- The widest YoY moves for Free Cash Flow: up 446.0% in 2022, down 272.02% in 2022.
- Over 5 years, Free Cash Flow 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 retreated by 1.06% to $238.8 million in 2025, then sank by 31.02% to $164.7 million in 2026.
- According to Business Quant data, Free Cash Flow over the past three periods registered $164.7 million, $238.8 million, and $176.6 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 19.64 Bn |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | -1.87 Bn |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 1.20 Bn |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | 788.00 Mn |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 965.60 Mn |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | 67.60 Mn |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 775.42 Mn |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | -5.74 Bn |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | -7.56 Bn |
| 10 | NetApp | 40.59 Bn | 37.00 Bn | 1.37 Bn | 900.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 67.60 Mn |
| Jun 30, 2026 | 67.60 Mn |
| 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 |