Cloudflare (NET) Operating Leases (2020 - 2026)

Cloudflare has disclosed Operating Leases across 7 years of filings, most recently posting $256.7 million for Q1 2026.

• Operating Leases for Q1 2026 came in at $256.7 million, up 90.83% year-over-year; the trailing twelve-month figure through Mar 2026 was $256.7 million (up 90.83% YoY), and the FY2025 annual result was $182.0 million, up 41.91% from the prior year.
• Operating Leases came in at $256.7 million for Q1 2026 at Cloudflare, up from $182.0 million in the prior quarter.
• In the past five years, Operating Leases ranged from a high of $256.7 million in Q1 2026 to a low of $105.3 million in Q2 2022.
• The 5-year median for Operating Leases is $128.3 million (2024), against an average of $140.3 million.
• Across the five-year window, Operating Leases soared 225.39% in 2022 and slipped 23.34% in 2023, its largest moves.
• Cloudflare's Operating Leases stood at $107.6 million in 2022, then advanced by 5.45% 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 41.03% to $256.7 million in 2026.
• The last three Operating Leases figures came in at $256.7 million (Q1 2026), $182.0 million (Q4 2025), and $238.8 million (Q3 2025), per Business Quant data.