Investing
CapEx
Cloudflare, Inc. CapEx decreased by 23.4% to $65.23M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 24.1%, from $85.89M to $65.23M. Over 4 years (FY 2021 to FY 2025), CapEx shows an upward trend with a 35.7% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
Metric ID:
cf_capital_expendituresHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $13.57M | $28.81M | $28.33M | $24.48M | $37.08M | $41.90M | $40.15M | $17.54M | $38.75M | $27.29M | $30.82M | $32.06M | $29.63M | $50.20M | $73.15M | $85.89M | $59.90M | $84.64M | $85.19M | $65.23M |
| QoQ Change | — | +112.3% | -1.7% | -13.6% | +51.5% | +13.0% | -4.2% | -56.3% | +120.9% | -29.6% | +12.9% | +4.0% | -7.6% | +69.5% | +45.7% | +17.4% | -30.3% | +41.3% | +0.6% | -23.4% |
| YoY Change | — | — | — | — | +173.2% | +45.4% | +41.7% | -28.3% | +4.5% | -34.9% | -23.2% | +82.7% | -23.5% | +84.0% | +137.4% | +167.9% | +102.2% | +68.6% | +16.5% | -24.1% |
Range$13.57M – $85.89M
CAGR+39.2%
Avg YoY Growth+49.4%
Median YoY Growth+43.5%
CapEx at Other Companies
Frequently Asked Questions
- 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?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.