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.
Analysis
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 Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,718.29 Bn | 3,585.54 Bn | 60.48 Bn | 483.06 Bn |
| 2 | Oracle | 452.14 Bn | 420.24 Bn | - | 172.60 Bn |
| 3 | Palantir Technologies | 418.25 Bn | 408.84 Bn | 1.64 Bn | - |
| 4 | Palo Alto Networks | 265.90 Bn | 262.79 Bn | 2.03 Bn | 27.83 Bn |
| 5 | CrowdStrike Holdings | 217.15 Bn | 212.14 Bn | 1.10 Bn | 5.89 Bn |
| 6 | Fortinet | 114.54 Bn | 110.47 Bn | 1.64 Bn | 2.05 Bn |
| 7 | Cloudflare | 98.54 Bn | 94.37 Bn | 499.52 Mn | 2.91 Bn |
| 8 | Synopsys | 75.44 Bn | 71.83 Bn | 1.80 Bn | 42.21 Bn |
| 9 | Block | 49.56 Bn | 43.13 Bn | 3.17 Bn | 28.34 Bn |
| 10 | CoreWeave | 49.23 Bn | 43.69 Bn | 1.70 Bn | 8.69 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.91 Bn |
| Mar 31, 2026 | 2.82 Bn |
| Dec 31, 2025 | 2.75 Bn |
| Sep 30, 2025 | 2.64 Bn |
| Dec 31, 2024 | 1.05 Bn |
| Jun 30, 2023 | 677.16 Mn |
| Dec 31, 2022 | 623.96 Mn |
| Sep 30, 2022 | 593.99 Mn |
| Jun 30, 2022 | 580.49 Mn |
| Mar 31, 2022 | 515.48 Mn |
| Dec 31, 2021 | 823.48 Mn |
| Dec 31, 2020 | 816.94 Mn |
| Dec 31, 2019 | 725.83 Mn |
| Sep 30, 2019 | 740.48 Mn |
| Dec 31, 2018 | -112.95 Mn |