Cloudflare (NET) Operating Expenses (2018 - 2026)

Cloudflare has reported Operating Expenses for 9 years, with the latest figure at $517.6 million in 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 improved to $517.6 million in Q1 2026 per NET's latest filing, from $501.8 million in the prior quarter.
• Over five years, Operating Expenses peaked at $517.6 million in Q1 2026 and troughed at $205.1 million in Q1 2022.
• A 5-year average of $347.4 million and a median of $346.7 million in 2024 frame the typical range for Operating Expenses.
• The sharpest annual moves came in 2022 and 2023: Operating Expenses jumped 66.3% in 2022, then increased 18.99% in 2023.
• Over 5 years, Operating Expenses stood at $257.6 million in 2022, then advanced by 25.01% to $322.0 million in 2023, then rose by 19.86% to $386.0 million in 2024, then jumped by 30.0% to $501.8 million in 2025, then gained by 3.15% to $517.6 million in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $517.6 million, $501.8 million, and $453.2 million for Q1 2026, Q4 2025, and Q3 2025 respectively.