Cloudflare (NET) Operating Expenses (2018 - 2026)

Cloudflare's Operating Expenses history runs 9 years deep, the most recent figure standing at $517.6 million for Q1 2026.

• Quarterly Operating Expenses rose 24.19% year-over-year to $517.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.9 billion (up 27.02% YoY) and the FY2025 annual result came in at $1.8 billion, up 26.07% from the prior year.
• Operating Expenses was $517.6 million for Q1 2026 at Cloudflare, up from $501.8 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $517.6 million in Q1 2026 to a low of $205.1 million in Q1 2022.
• Median Operating Expenses over the past 5 years was $346.7 million (2024), compared with a mean of $347.4 million.
• Across the five-year window, Operating Expenses jumped 66.3% in 2022 and advanced 18.99% in 2023, its largest moves.
• Over 5 years, Operating Expenses stood at $257.6 million in 2022, then increased by 25.01% to $322.0 million in 2023, then climbed by 19.86% to $386.0 million in 2024, then jumped by 30.0% to $501.8 million in 2025, then grew by 3.15% to $517.6 million in 2026.
• Business Quant data shows NET's Operating Expenses at $517.6 million in Q1 2026, $501.8 million in Q4 2025, and $453.2 million in Q3 2025.