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Cloudflare (NET) Operating Expenses (2018 - 2026)

Cloudflare has reported Operating Expenses over the past 9 years, most recently at $517.6 million for Q1 2026.

  • Quarterly results put Operating Expenses at $517.6 million for Q1 2026, up 24.19% from a year ago — trailing twelve months through Mar 2026 was $1.9 billion (up 27.02% YoY), and the annual figure for FY2025 was $1.8 billion, up 26.07%.
  • Operating Expenses reached $517.6 million in Q1 2026 per NET's latest filing, up from $501.8 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $517.6 million in Q1 2026 and bottomed at $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.
  • The largest annual shift saw Operating Expenses surged 66.3% in 2022 before it rose 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 increased by 3.15% to $517.6 million in 2026.
  • Business Quant data shows Operating Expenses for NET at $517.6 million in Q1 2026, $501.8 million in Q4 2025, and $453.2 million in Q3 2025.