Growth Metrics

Cloudflare (NET) Invested Capital (2018 - 2026)

Cloudflare has reported Invested Capital over the past 9 years, most recently at $2.8 billion for Q1 2026.

  • Quarterly results put Invested Capital at $2.8 billion for Q1 2026, up 97.7% from a year ago — trailing twelve months through Mar 2026 was $2.8 billion (up 97.7% YoY), and the annual figure for FY2025 was $2.8 billion, up 162.89%.
  • Invested Capital reached $2.8 billion in Q1 2026 per NET's latest filing, up from $2.8 billion in the prior quarter.
  • Across five years, Invested Capital topped out at $2.8 billion in Q1 2026 and bottomed at $515.5 million in Q1 2022.
  • Median Invested Capital over the past 5 years was $797.2 million (2024), compared with a mean of $1.2 billion.
  • The largest annual shift saw Invested Capital tumbled 35.89% in 2022 before it surged 171.02% in 2025.
  • Over 5 years, Invested Capital stood at $624.0 million in 2022, then rose by 22.29% to $763.0 million in 2023, then surged by 37.11% to $1.0 billion in 2024, then soared by 162.89% to $2.8 billion in 2025, then grew by 2.49% to $2.8 billion in 2026.
  • Business Quant data shows Invested Capital for NET at $2.8 billion in Q1 2026, $2.8 billion in Q4 2025, and $2.6 billion in Q3 2025.