Cloudflare (NET) Invested Capital (2018 - 2026)
Cloudflare (NET) posted Invested Capital of $1.3 billion for Q1 2026, little changed sequentially from $1.3 billion in Q4 2025.
Cloudflare (NET) Invested Capital (2018 - 2026) Analysis & Trends
Cloudflare has reported Invested Capital for 6 years, with the latest figure at $1.3 billion in Q1 2026.
- Quarterly Invested Capital changed N/A year-over-year to $1.3 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $3.9 billion (changed N/A YoY) and the FY2025 annual result came in at $1.3 billion, changed N/A from the prior year.
- Invested Capital was little changed at $1.3 billion in Q1 2026 per NET's latest filing, from $1.3 billion in the prior quarter.
- Over five years, Invested Capital peaked at $1.3 billion in Q1 2026 and troughed at $35.3 million in Q2 2023.
- A 3-year average of $977.3 million and a median of $1.3 billion in 2025 frame the typical range for Invested Capital.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 9.23 Bn |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | - |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | - |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | 160.00 Mn |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | - |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | 1.29 Bn |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 22.12 Mn |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | 221.00 Mn |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | 572.39 Mn |
| 10 | NetApp | 40.59 Bn | 37.00 Bn | 1.37 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.29 Bn |
| Mar 31, 2026 | 1.29 Bn |
| Dec 31, 2025 | 1.29 Bn |
| Sep 30, 2025 | 1.29 Bn |
| Jun 30, 2023 | 35.33 Mn |
| Dec 31, 2021 | 12.12 Mn |
| Sep 30, 2019 | 37,000.00 |
| Dec 31, 2018 | 255,000.00 |