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

Cloudflare has reported Research & Development for 9 years, with the latest figure at $271.6 million in Q1 2026.

• Quarterly Research & Development rose 135.99% year-over-year to $271.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.2 billion (up 37.51% YoY) and the FY2025 annual result came in at $920.8 million, up 23.47% from the prior year.
• Research & Development eased to $271.6 million in Q1 2026 per NET's latest filing, from $550.2 million in the prior quarter.
• Over five years, Research & Development peaked at $550.2 million in Q4 2025 and troughed at -$35.4 million in Q4 2022.
• A 5-year average of $179.3 million and a median of $117.6 million in 2022 frame the typical range for Research & Development.
• The sharpest annual moves came in 2023 and 2024: Research & Development soared 1052.79% in 2023, then sank 35.98% in 2024.
• Over 5 years, Research & Development stood at -$35.4 million in 2022, then jumped by 1052.79% to $337.4 million in 2023, then jumped by 31.79% to $444.6 million in 2024, then rose by 23.75% to $550.2 million in 2025, then plunged by 50.64% to $271.6 million in 2026.
• According to Business Quant data, Research & Development over the past three periods registered $271.6 million, $550.2 million, and $121.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.