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Cloudflare (NET) Research & Development (2018 - 2025)

Cloudflare's Research & Development history spans 8 years, with the latest figure at $141.9 million for Q4 2025.

  • For Q4 2025, Research & Development rose 18.03% year-over-year to $141.9 million; the TTM value through Dec 2025 reached $512.5 million, up 21.62%, while the annual FY2025 figure was $512.5 million, 21.62% up from the prior year.
  • Research & Development for Q4 2025 was $141.9 million at Cloudflare, up from $121.0 million in the prior quarter.
  • Across five years, Research & Development topped out at $141.9 million in Q4 2025 and bottomed at $39.5 million in Q1 2021.
  • The 5-year median for Research & Development is $88.7 million (2023), against an average of $89.0 million.
  • The largest annual shift saw Research & Development surged 81.66% in 2022 before it increased 7.56% in 2024.
  • A 5-year view of Research & Development shows it stood at $61.8 million in 2021, then grew by 29.05% to $79.7 million in 2022, then grew by 20.95% to $96.4 million in 2023, then grew by 24.7% to $120.2 million in 2024, then increased by 18.03% to $141.9 million in 2025.
  • Per Business Quant, the three most recent readings for NET's Research & Development are $141.9 million (Q4 2025), $121.0 million (Q3 2025), and $134.6 million (Q2 2025).