Cloudflare (NET) Leases (2020 - 2026)

Cloudflare has disclosed Leases across 7 years of filings, most recently posting $244.2 million for Q1 2026.

• Leases for Q1 2026 came in at $244.2 million, up 37.1% year-over-year; the trailing twelve-month figure through Mar 2026 was $244.2 million (up 37.1% YoY), and the FY2025 annual result was $237.6 million, up 41.14% from the prior year.
• Leases came in at $244.2 million for Q1 2026 at Cloudflare, up from $237.6 million in the prior quarter.
• In the past five years, Leases ranged from a high of $244.2 million in Q1 2026 to a low of $126.4 million in Q3 2023.
• The 5-year median for Leases is $141.8 million (2024), against an average of $160.8 million.
• Across the five-year window, Leases surged 232.66% in 2022 and fell 5.73% in 2023, its largest moves.
• Cloudflare's Leases stood at $132.4 million in 2022, then increased by 4.68% to $138.6 million in 2023, then increased by 21.52% to $168.4 million in 2024, then jumped by 41.14% to $237.6 million in 2025, then grew by 2.74% to $244.2 million in 2026.
• The last three Leases figures came in at $244.2 million (Q1 2026), $237.6 million (Q4 2025), and $222.1 million (Q3 2025), per Business Quant data.