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| Date | Value |
|---|---|
| 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 |