Cloudflare (NET) Operating Leases (2020 - 2026)
Cloudflare (NET) posted Operating Leases of $182.1 million for Q1 2026, little changed sequentially from $182.0 million in Q4 2025, and down 2.92% YoY from $187.6 million in Q1 2025.
Cloudflare (NET) Operating Leases (2020 - 2026) Analysis & Trends
Cloudflare has reported Operating Leases for 7 years, with the latest figure at $182.1 million in Q1 2026.
- Quarterly Operating Leases fell 2.92% year-over-year to $182.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $182.1 million (down 2.92% YoY) and the FY2025 annual result came in at $182.0 million, up 41.91% from the prior year.
- Operating Leases steadied at $182.1 million in Q1 2026 per NET's latest filing, from $182.0 million in the prior quarter.
- Over five years, Operating Leases peaked at $238.8 million in Q3 2025 and troughed at $104.0 million in Q3 2022.
- A 5-year average of $151.3 million and a median of $141.9 million in 2022 frame the typical range for Operating Leases.
- The sharpest annual moves came in 2022 and 2024: Operating Leases surged 453.81% in 2022, then dropped 21.3% in 2024.
- Over 5 years, Operating Leases stood at $140.9 million in 2022, then fell by 19.45% to $113.5 million in 2023, then grew by 13.02% to $128.3 million in 2024, then surged by 41.91% to $182.0 million in 2025, then climbed by 0.04% to $182.1 million in 2026.
- According to Business Quant data, Operating Leases over the past three periods registered $182.1 million, $182.0 million, and $238.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn |
| 10 | NetApp | 40.73 Bn | 37.15 Bn | 1.37 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 259.08 Mn |
| Mar 31, 2026 | 182.11 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 | 113.02 Mn |
| Dec 31, 2023 | 113.49 Mn |
| Sep 30, 2023 | 136.75 Mn |
| Jun 30, 2023 | 106.99 Mn |
| Mar 31, 2023 | 143.60 Mn |
| Dec 31, 2022 | 140.90 Mn |
| Sep 30, 2022 | 104.02 Mn |
| Jun 30, 2022 | 133.65 Mn |
| Mar 31, 2022 | 141.92 Mn |
| Dec 31, 2021 | 134.21 Mn |
| Sep 30, 2021 | 81.11 Mn |