Cloudflare (NET) Invested Capital (2018 - 2026)

Cloudflare has disclosed Invested Capital across 9 years of filings, most recently posting $2.9 billion for Q2 2026.

• In Q2 2026, Invested Capital changed N/A year-over-year to $2.9 billion; the TTM figure through Jun 2026 stood at $2.9 billion (changed N/A YoY), while the FY2025 annual figure was $2.8 billion, up 162.89% from the prior year.
• Invested Capital came in at $2.9 billion for Q2 2026 at Cloudflare, up from $2.8 billion in the prior quarter.
• In the past five years, Invested Capital ranged from a high of $2.9 billion in Q2 2026 to a low of $515.5 million in Q1 2022.
• Average Invested Capital over 5 years is $1.5 billion, with a median of $861.7 million recorded in 2023.
• Year-over-year, Invested Capital fell 24.23% in 2022 and soared 162.89% in 2025.
• Over 5 years, Invested Capital stood at $624.0 million in 2022, then increased by 8.53% to $677.2 million in 2023, then soared by 54.5% to $1.0 billion in 2024, then soared by 162.89% to $2.8 billion in 2025, then climbed by 5.92% to $2.9 billion in 2026.
• Per Business Quant data, the three most recent Invested Capital figures were $2.9 billion in Q2 2026, $2.8 billion in Q1 2026, and $2.8 billion in Q4 2025.