Cloudflare (NET) Operating Expenses (2018 - 2026)

Cloudflare (NET) has 9 years of Operating Expenses data on file, last reported at $517.6 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 24.19% year-over-year to $517.6 million; the trailing twelve-month figure through Mar 2026 stood at $1.9 billion (up 27.02% YoY), and the FY2025 full-year result was $1.8 billion, up 26.07% from the prior year.
• Operating Expenses improved to $517.6 million in Q1 2026, 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.
• A 5-year average of $347.4 million and a median of $346.7 million in 2024 frame the typical range for Operating Expenses.
• Across the five-year window, Operating Expenses surged 66.3% in 2022 and climbed 18.99% in 2023, its largest moves.
• Tracing NET's Operating Expenses over 5 years: 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.