Cloudflare (NET) Research & Development (2018 - 2026)

Cloudflare has disclosed Research & Development across 9 years of filings, most recently posting $151.0 million for Q1 2026.

• Research & Development for Q1 2026 came in at $151.0 million, up 31.18% year-over-year; the trailing twelve-month figure through Mar 2026 was $548.4 million (up 22.2% YoY), and the FY2025 annual result was $512.5 million, up 21.62% from the prior year.
• Research & Development came in at $151.0 million for Q1 2026 at Cloudflare, up from $141.9 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of $151.0 million in Q1 2026 to a low of $67.1 million in Q1 2022.
• The 5-year median for Research & Development is $96.4 million (2023), against an average of $102.4 million.
• Across the five-year window, Research & Development jumped 81.66% in 2022 and grew 7.56% in 2024, its largest moves.
• Cloudflare's Research & Development stood at $79.7 million in 2022, then rose by 20.95% to $96.4 million in 2023, then climbed by 24.7% to $120.2 million in 2024, then gained by 18.03% to $141.9 million in 2025, then increased by 6.4% to $151.0 million in 2026.
• The last three Research & Development figures came in at $151.0 million (Q1 2026), $141.9 million (Q4 2025), and $121.0 million (Q3 2025), per Business Quant data.