Free cash flow
Cloudflare, Inc. Free cash flow decreased by 20.1% to $84.07M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 40.4%, from $59.90M to $84.07M. Over 2 years (FY 2023 to FY 2025), Free cash flow shows an upward trend with a 43.3% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests strong operational efficiency and the ability to self-fund future innovation or return capital to shareholders, while a decrease may indicate heavy capital expenditure cycles or declining operational profitability.
Detailed definition
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and m...
Peer comparison
High-growth semiconductor and AI infrastructure peers typically prioritize reinvestment, so free cash flow margins are often compared against R&D intensity and capital expenditure requirements of industry rivals.
cf_free_cash_flowHistorical Data
| Q2 '21 | Q3 '21 | Q1 '22 | Q2 '22 | Q3 '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 | -$6.12M | -$35.73M | -$59.95M | $1.17M | $792.00K | $18.87M | $25.70M | $40.81M | $54.63M | $41.52M | $45.19M | $54.52M | $54.16M | $59.90M | $39.90M | $82.48M | $105.22M | $84.07M |
| QoQ Change | — | -484.1% | -67.8% | +101.9% | -32.1% | >999% | +36.2% | +58.8% | +33.9% | -24.0% | +8.8% | +20.7% | -0.7% | +10.6% | -33.4% | +106.7% | +27.6% | -20.1% |
| YoY Change | — | — | — | +119.1% | +102.2% | +131.5% | >999% | >999% | — | +120.0% | +75.8% | +33.6% | -0.9% | +44.2% | -11.7% | +51.3% | +94.3% | +40.4% |
Free cash flow at Other Companies
Frequently Asked Questions
- What is Cloudflare, Inc.'s free cash flow?
- Cloudflare, Inc. (NET) reported free cash flow of $84.07M in Q1 2026.
- How has Cloudflare, Inc.'s free cash flow changed year-over-year?
- Cloudflare, Inc.'s free cash flow increased by 40.4% year-over-year, from $59.90M to $84.07M.
- What is the long-term trend for Cloudflare, Inc.'s free cash flow?
- Over 2 years (2023 to 2025), Cloudflare, Inc.'s free cash flow has grown at a 43.3% compound annual growth rate (CAGR), from $140.01M to $287.50M.
- What does free cash flow mean?
- The cash a company has left over after paying for its operating expenses and capital investments.