Cloudflare (NET) Property, Plant & Equipment (Net) (2018 - 2026)
Cloudflare's Property, Plant & Equipment (Net) was $703.21 million in Q2 2026, up 28.5% from $547.35 million a year earlier and up 11.4% from the prior quarter.
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Analysis
Cloudflare (NET) Property, Plant & Equipment (Net) (2018 - 2026) Analysis & Trends
At the end of FY2025, Property, Plant & Equipment (Net) at Cloudflare came in at $618.69 million, up 32.4% from FY2024.
- Property, Plant & Equipment (Net) has now increased for seven consecutive years, with a five-year compound annual growth rate of 38.0% (FY2020 to FY2025).
- In earlier years, Property, Plant & Equipment (Net) was $467.42 million in FY2024 (+44.8%), $322.81 million in FY2023 (+12.6%), $286.6 million in FY2022 (+56.0%) and $183.74 million in FY2021 (+48.5%).
- The Q2 2026 figure marks the highest quarterly Property, Plant & Equipment (Net) in data going back to Q4 2018.
- Compared with a year earlier, Property, Plant & Equipment (Net) has increased for 24 straight quarters, with growth averaging 40.3% over the last eight quarters.
- Over the past five years, the year-over-year growth in Property, Plant & Equipment (Net) ranged from 10.5% (Q1 2024) to 61.4% (Q2 2025).
- Per Business Quant data, NET's Property, Plant & Equipment (Net) in the three quarters before Q2 2026 was $631.08 million (Q1 2026), $618.69 million (Q4 2025) and $588.36 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | PP&E (Net) (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,932.24 Bn | 3,855.40 Bn | 60.48 Bn | 313.08 Bn |
| 2 | International Business Machines | 219.04 Bn | 169.85 Bn | 9.91 Bn | 5.74 Bn |
| 3 | Cloudflare | 104.70 Bn | 88.23 Bn | 499.52 Mn | 703.21 Mn |
| 4 | Equinix | 97.19 Bn | 85.75 Bn | 1.40 Bn | 25.22 Bn |
| 5 | Nebius | 40.23 Bn | 13.66 Bn | 448.70 Mn | 13.05 Bn |
| 6 | CoreWeave | 33.76 Bn | 20.85 Bn | 1.70 Bn | 46.74 Bn |
| 7 | Verisign | 27.46 Bn | 24.67 Bn | 384.60 Mn | 227.70 Mn |
| 8 | Nutanix | 17.98 Bn | 9.67 Bn | 651.35 Mn | 134.89 Mn |
| 9 | GoDaddy | 13.83 Bn | 9.41 Bn | 828.20 Mn | 140.10 Mn |
| 10 | Akamai Technologies | 12.69 Bn | 6.10 Bn | 613.75 Mn | 2.64 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 703.21 Mn |
| Mar 31, 2026 | 631.08 Mn |
| Dec 31, 2025 | 618.69 Mn |
| Sep 30, 2025 | 588.36 Mn |
| Jun 30, 2025 | 547.35 Mn |
| Mar 31, 2025 | 513.87 Mn |
| Dec 31, 2024 | 467.42 Mn |
| Sep 30, 2024 | 396.55 Mn |
| Jun 30, 2024 | 339.12 Mn |
| Mar 31, 2024 | 329.42 Mn |
| Dec 31, 2023 | 322.81 Mn |
| Sep 30, 2023 | 309.82 Mn |
| Jun 30, 2023 | 293.26 Mn |
| Mar 31, 2023 | 298.19 Mn |
| Dec 31, 2022 | 286.60 Mn |
| Sep 30, 2022 | 264.13 Mn |
| Jun 30, 2022 | 244.56 Mn |
| Mar 31, 2022 | 202.43 Mn |
| Dec 31, 2021 | 183.74 Mn |
| Sep 30, 2021 | 176.56 Mn |
API Access
Cloudflare Property, Plant & Equipment (Net) API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=property-plant-and-equipment-net&ticker=NET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "property-plant-and-equipment-net", "ticker": "NET", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=property-plant-and-equipment-net&ticker=NET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();