What is Cloudflare, Inc.'s capex?

Cloudflare, Inc. (NET) reported capex of $65.23M in Q1 2026.

How has Cloudflare, Inc.'s capex changed year-over-year?

Cloudflare, Inc.'s capex decreased by 24.1% year-over-year, from $85.89M to $65.23M.

What is the long-term trend for Cloudflare, Inc.'s capex?

Over 4 years (2021 to 2025), Cloudflare, Inc.'s capex has grown at a 35.7% compound annual growth rate (CAGR), from $92.99M to $315.62M.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Cloudflare, Inc. NET CapEx

CapEx at other companies

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$30.88B+84.4%

AmazonAMZN

$44.2B+76.7%

F5, Inc.FFIV

$18.35M+74.7%

Netscout SystemsNTCT

$2.19M+56.4%

Akamai TechnologiesAKAM

$101.69M-13.7%

Palo Alto Networks, Inc.PANW

$83M+22.1%

Other financials

Income statement

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Revenue$639.8M+33.5%

Gross profit$455.6M+25.3%

Operating income-$62.0M-16.4%

Net income-$22.9M+40.4%

EPS (diluted)-$0.07+36.4%

Balance sheet

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Cash & equivalents$944.4M+347%

Total debt$256.7M+36.9%

Total equity$1.5B+7.1%

Total assets$6.2B+65.6%

Cash flow

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Operating cash flow$158.3M+8.6%

Free cash flow$93.1M+55.4%

Valuation

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Market cap$80.45B+29.4%

Enterprise value$79.76B+28.4%

P/S34.6×-0.6×

Profitability

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Gross margin73.3%-3.6pp

Operating margin-9.3%+0.7pp

Net margin-3.7%-0.6pp

FCF margin13.8%+1.7pp

Returns & leverage

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Return on equity-5.9%-1.0pp

Debt / equity0.2×0.0×

Current ratio2×-1.2×

Where this comes from

Reported directly by Cloudflare, Inc. in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: Cloudflare, Inc.’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cloudflare, Inc.'s capex?: Cloudflare, Inc. (NET) reported capex of $65.23M in Q1 2026.
How has Cloudflare, Inc.'s capex changed year-over-year?: Cloudflare, Inc.'s capex decreased by 24.1% year-over-year, from $85.89M to $65.23M.
What is the long-term trend for Cloudflare, Inc.'s capex?: Over 4 years (2021 to 2025), Cloudflare, Inc.'s capex has grown at a 35.7% compound annual growth rate (CAGR), from $92.99M to $315.62M.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.