Cloudflare (NET) Operating Leases (2020 - 2026)
Cloudflare's (NET) quarterly Operating Leases came in at $259.1 million in Q2 2026, up 28.51% year-over-year from $201.6 million in Q2 2025, and up 0.93% quarter-over-quarter from $256.7 million in Q1 2026.
Analysis
Cloudflare (NET) Operating Leases (2020 - 2026) Analysis & Trends
Cloudflare has disclosed Operating Leases across 7 years of filings, most recently posting $259.1 million for Q2 2026.
- In Q2 2026, Operating Leases rose 28.51% year-over-year to $259.1 million; the TTM figure through Jun 2026 stood at $259.1 million (up 28.51% YoY), while the FY2025 annual figure was $182.0 million, up 41.91% from the prior year.
- Operating Leases came in at $259.1 million for Q2 2026 at Cloudflare, up from $256.7 million in the prior quarter.
- In the past five years, Operating Leases ranged from a high of $259.1 million in Q2 2026 to a low of $113.5 million in Q4 2023.
- Average Operating Leases over 5 years is $167.2 million, with a median of $147.9 million recorded in 2023.
- Year-over-year, Operating Leases jumped 225.39% in 2022 and decreased 19.45% in 2023.
- Over 5 years, Operating Leases stood at $140.9 million in 2022, then dropped by 19.45% to $113.5 million in 2023, then advanced by 13.02% to $128.3 million in 2024, then soared by 41.91% to $182.0 million in 2025, then surged by 42.33% to $259.1 million in 2026.
- Per Business Quant data, the three most recent Operating Leases figures were $259.1 million in Q2 2026, $256.7 million in Q1 2026, and $182.0 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Cloudflare | 100.88 Bn | 96.71 Bn | 499.52 Mn |
| 2 | Akamai Technologies | 15.30 Bn | 11.94 Bn | 613.75 Mn |
| 3 | Fastly | 3.36 Bn | 3.03 Bn | 115.95 Mn |
| 4 | Xunlei | 385.41 Mn | 108.55 Mn | 57.31 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 259.08 Mn |
| Mar 31, 2026 | 256.71 Mn |
| Dec 31, 2025 | 182.03 Mn |
| Sep 30, 2025 | 238.75 Mn |
| Jun 30, 2025 | 201.61 Mn |
| Mar 31, 2025 | 187.58 Mn |
| Dec 31, 2024 | 128.27 Mn |
| Sep 30, 2024 | 164.40 Mn |
| Jun 30, 2024 | 153.25 Mn |
| Mar 31, 2024 | 152.29 Mn |
| Dec 31, 2023 | 113.49 Mn |
| Sep 30, 2023 | 136.75 Mn |
| Jun 30, 2023 | 142.36 Mn |
| Mar 31, 2023 | 143.60 Mn |
| Dec 31, 2022 | 140.90 Mn |
| Sep 30, 2022 | 132.54 Mn |
| Jun 30, 2022 | 133.65 Mn |
| Mar 31, 2022 | 141.92 Mn |
| Dec 31, 2021 | 134.21 Mn |
| Sep 30, 2021 | 104.56 Mn |