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Cloudflare (NET) Operating Expenses: 2018-2025

Historic Operating Expenses for Cloudflare (NET) over the last 7 years, with Sep 2025 value amounting to $453.2 million.

  • Cloudflare's Operating Expenses rose 24.19% to $453.2 million in Q3 2025 from the same period last year, while for Sep 2025 it was $1.7 billion, marking a year-over-year increase of 23.53%. This contributed to the annual value of $1.4 billion for FY2024, which is 23.01% up from last year.
  • As of Q3 2025, Cloudflare's Operating Expenses stood at $453.2 million, which was up 0.50% from $450.9 million recorded in Q2 2025.
  • Over the past 5 years, Cloudflare's Operating Expenses peaked at $453.2 million during Q3 2025, and registered a low of $137.2 million during Q1 2021.
  • Moreover, its 3-year median value for Operating Expenses was $348.1 million (2024), whereas its average is $358.3 million.
  • Data for Cloudflare's Operating Expenses shows a peak YoY spiked of 66.30% (in 2022) over the last 5 years.
  • Cloudflare's Operating Expenses (Quarterly) stood at $192.2 million in 2021, then surged by 34.05% to $257.6 million in 2022, then increased by 25.01% to $322.0 million in 2023, then increased by 19.86% to $386.0 million in 2024, then climbed by 24.19% to $453.2 million in 2025.
  • Its last three reported values are $453.2 million in Q3 2025, $450.9 million for Q2 2025, and $416.8 million during Q1 2025.