Cloudflare (NET) Operating Expenses (2018 - 2026)

Cloudflare has disclosed Operating Expenses across 9 years of filings, most recently posting $705.2 million for Q2 2026.

• In Q2 2026, Operating Expenses rose 56.4% year-over-year to $705.2 million; the TTM figure through Jun 2026 stood at $2.2 billion (up 34.55% YoY), while the FY2025 annual figure was $1.8 billion, up 26.07% from the prior year.
• Operating Expenses came in at $705.2 million for Q2 2026 at Cloudflare, up from $517.6 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $705.2 million in Q2 2026 to a low of $205.1 million in Q1 2022.
• Average Operating Expenses over 5 years is $367.2 million, with a median of $347.4 million recorded in 2024.
• Year-over-year, Operating Expenses soared 66.3% in 2022 and grew 18.99% in 2023.
• Over 5 years, Operating Expenses stood at $257.6 million in 2022, then rose by 25.01% to $322.0 million in 2023, then grew by 19.86% to $386.0 million in 2024, then surged by 30.0% to $501.8 million in 2025, then jumped by 40.54% to $705.2 million in 2026.
• Per Business Quant data, the three most recent Operating Expenses figures were $705.2 million in Q2 2026, $517.6 million in Q1 2026, and $501.8 million in Q4 2025.