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
DateValue
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