Cloudflare NET
NYSE NET
$278.85 -5.66 (-1.99%)
As of: Sep 4, 2026 · 3:59 PM EDT

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.

Analysis

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.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Microsoft 3,718.29 Bn 3,585.54 Bn 60.48 Bn 19.64 Bn
2 Oracle 452.14 Bn 420.24 Bn - -1.87 Bn
3 Palantir Technologies 418.25 Bn 408.84 Bn 1.64 Bn 1.20 Bn
4 Palo Alto Networks 265.90 Bn 262.79 Bn 2.03 Bn 788.00 Mn
5 CrowdStrike Holdings 217.15 Bn 212.14 Bn 1.10 Bn 405.86 Mn
6 Fortinet 114.54 Bn 110.47 Bn 1.64 Bn 965.60 Mn
7 Cloudflare 98.54 Bn 94.37 Bn 499.52 Mn 67.60 Mn
8 Synopsys 75.44 Bn 71.83 Bn 1.80 Bn -
9 Block 49.56 Bn 43.13 Bn 3.17 Bn -7.56 Bn
10 CoreWeave 49.23 Bn 43.69 Bn 1.70 Bn -5.74 Bn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 67.60 Mn
Mar 31, 2026 93.10 Mn
Dec 31, 2025 105.22 Mn
Sep 30, 2025 82.48 Mn
Jun 30, 2025 39.90 Mn
Mar 31, 2025 59.90 Mn
Dec 31, 2024 54.16 Mn
Sep 30, 2024 54.52 Mn
Jun 30, 2024 45.19 Mn
Mar 31, 2024 41.52 Mn
Dec 31, 2023 54.63 Mn
Sep 30, 2023 40.81 Mn
Jun 30, 2023 25.70 Mn
Mar 31, 2023 18.87 Mn
Dec 31, 2022 37.98 Mn
Sep 30, 2022 792,000.00
Jun 30, 2022 1.17 Mn
Mar 31, 2022 -59.95 Mn
Dec 31, 2021 12.28 Mn
Sep 30, 2021 -35.73 Mn