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
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