Cloudflare (NET) Operating Leases (2020 - 2026)
Cloudflare (NET) posted Operating Leases of $256.7 million for Q1 2026, up 41.03% sequentially from $182.0 million in Q4 2025, and up 90.83% YoY from $134.5 million in Q1 2025.
Cloudflare (NET) Operating Leases (2020 - 2026) Analysis & Trends
Cloudflare (NET) has 7 years of Operating Leases data on file, last reported at $256.7 million in Q1 2026.
- Quarterly Operating Leases rose 90.83% year-over-year to $256.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $256.7 million (up 90.83% YoY) and the FY2025 annual result came in at $182.0 million, up 41.91% from the prior year.
- Operating Leases advanced to $256.7 million in Q1 2026 per NET's latest filing, from $182.0 million in the prior quarter.
- The five-year high for Operating Leases was $256.7 million in Q1 2026, with the low at $105.3 million in Q2 2022.
- Average Operating Leases over 5 years is $140.3 million, with a median of $128.3 million recorded in 2024.
- Year-over-year, Operating Leases jumped 225.39% in 2022 and retreated 23.34% in 2023.
- Cloudflare's Operating Leases stood at $107.6 million in 2022, then increased by 5.45% to $113.5 million in 2023, then increased by 13.02% to $128.3 million in 2024, then soared by 41.91% to $182.0 million in 2025, then surged by 41.03% to $256.7 million in 2026.
- Business Quant data shows NET's Operating Leases at $256.7 million in Q1 2026, $182.0 million in Q4 2025, and $238.8 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Microsoft | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn |
| 10 | CoreWeave | 45.15 Bn | 42.89 Bn | 2.01 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 256.71 Mn |
| Dec 31, 2025 | 182.03 Mn |
| Sep 30, 2025 | 238.75 Mn |
| Jun 30, 2025 | 144.80 Mn |
| Mar 31, 2025 | 134.52 Mn |
| Dec 31, 2024 | 128.27 Mn |
| Sep 30, 2024 | 121.37 Mn |
| Jun 30, 2024 | 112.51 Mn |
| Mar 31, 2024 | 113.02 Mn |
| Dec 31, 2023 | 113.49 Mn |
| Sep 30, 2023 | 136.75 Mn |
| Jun 30, 2023 | 106.99 Mn |
| Mar 31, 2023 | 108.80 Mn |
| Dec 31, 2022 | 107.62 Mn |
| Sep 30, 2022 | 132.54 Mn |
| Jun 30, 2022 | 105.35 Mn |
| Mar 31, 2022 | 141.92 Mn |
| Dec 31, 2021 | 109.04 Mn |
| Sep 30, 2021 | 81.11 Mn |
| Jun 30, 2021 | 46.97 Mn |