Growth Metrics

Cloudflare (NET) Operating Leases (2020 - 2025)

Cloudflare (NET) has disclosed Operating Leases for 6 consecutive years, with $252.9 million as the latest value for Q4 2025.

  • Quarterly Operating Leases rose 97.19% to $252.9 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $252.9 million through Dec 2025, up 97.19% year-over-year, with the annual reading at $252.9 million for FY2025, 97.19% up from the prior year.
  • Operating Leases hit $252.9 million in Q4 2025 for Cloudflare, up from $173.4 million in the prior quarter.
  • In the past five years, Operating Leases ranged from a high of $252.9 million in Q4 2025 to a low of $25.6 million in Q1 2021.
  • Historically, Operating Leases has averaged $127.4 million across 5 years, with a median of $124.8 million in 2024.
  • Biggest five-year swings in Operating Leases: crashed 44.01% in 2021 and later skyrocketed 396.16% in 2022.
  • Year by year, Operating Leases stood at $134.2 million in 2021, then dropped by 19.81% to $107.6 million in 2022, then grew by 5.45% to $113.5 million in 2023, then grew by 13.02% to $128.3 million in 2024, then soared by 97.19% to $252.9 million in 2025.
  • Business Quant data shows Operating Leases for NET at $252.9 million in Q4 2025, $173.4 million in Q3 2025, and $201.6 million in Q2 2025.