Cloudflare (NET) Operating Expenses (2018 - 2025)
Cloudflare (NET) has disclosed Operating Expenses for 8 consecutive years, with $501.8 million as the latest value for Q4 2025.
- Quarterly Operating Expenses rose 30.0% to $501.8 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $1.8 billion through Dec 2025, up 26.07% year-over-year, with the annual reading at $1.8 billion for FY2025, 26.07% up from the prior year.
- Operating Expenses hit $501.8 million in Q4 2025 for Cloudflare, up from $453.2 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $501.8 million in Q4 2025 to a low of $137.2 million in Q1 2021.
- Historically, Operating Expenses has averaged $301.2 million across 5 years, with a median of $293.1 million in 2023.
- Biggest five-year swings in Operating Expenses: skyrocketed 66.3% in 2022 and later increased 18.99% in 2023.
- Year by year, Operating Expenses stood at $192.2 million in 2021, then skyrocketed by 34.05% to $257.6 million in 2022, then increased by 25.01% to $322.0 million in 2023, then rose by 19.86% to $386.0 million in 2024, then skyrocketed by 30.0% to $501.8 million in 2025.
- Business Quant data shows Operating Expenses for NET at $501.8 million in Q4 2025, $453.2 million in Q3 2025, and $450.9 million in Q2 2025.