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Cloudflare (NET) Invested Capital (2018 - 2025)

Cloudflare's Invested Capital history spans 8 years, with the latest figure at $2.8 billion for Q4 2025.

  • For Q4 2025, Invested Capital rose 162.89% year-over-year to $2.8 billion; the TTM value through Dec 2025 reached $2.8 billion, up 162.89%, while the annual FY2025 figure was $2.8 billion, 162.89% up from the prior year.
  • Invested Capital for Q4 2025 was $2.8 billion at Cloudflare, up from $1.3 billion in the prior quarter.
  • Across five years, Invested Capital topped out at $2.8 billion in Q4 2025 and bottomed at $515.5 million in Q1 2022.
  • The 5-year median for Invested Capital is $802.6 million (2021), against an average of $939.6 million.
  • The largest annual shift saw Invested Capital crashed 35.89% in 2022 before it soared 162.89% in 2025.
  • A 5-year view of Invested Capital shows it stood at $823.5 million in 2021, then dropped by 24.23% to $624.0 million in 2022, then grew by 22.29% to $763.0 million in 2023, then soared by 37.11% to $1.0 billion in 2024, then skyrocketed by 162.89% to $2.8 billion in 2025.
  • Per Business Quant, the three most recent readings for NET's Invested Capital are $2.8 billion (Q4 2025), $1.3 billion (Q3 2025), and $1.2 billion (Q2 2025).