Non-Current Assets

PP&E (Net)

Cloudflare, Inc. PP&E (Net) increased by 5.2% to $618.69M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 32.4%, from $467.42M to $618.69M. Over 5 years (FY 2020 to FY 2025), PP&E (Net) shows an upward trend with a 38.0% CAGR.

Analysis

StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryCapital Allocation
SignalContext dependent
VolatilityStable
First reportedQ4 2014
Last reportedQ1 2026

How to read this metric

An increase indicates investment in future capacity or infrastructure, while a decrease suggests asset aging or a shift toward an asset-light model.

Detailed definition

The book value of long-term physical assets such as manufacturing facilities, data centers, and retail stores, net of ac...

Peer comparison

Varies significantly based on whether a company owns its manufacturing plants or outsources production to third-party partners.

Metric ID: property_plant_equipment_net

Historical Data

19 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Value$156.72M$176.56M$183.74M$202.43M$244.56M$264.13M$286.60M$298.19M$293.26M$309.82M$322.81M$329.42M$339.12M$396.55M$467.42M$513.87M$547.35M$588.36M$618.69M
QoQ Change+12.7%+4.1%+10.2%+20.8%+8.0%+8.5%+4.0%-1.7%+5.6%+4.2%+2.0%+2.9%+16.9%+17.9%+9.9%+6.5%+7.5%+5.2%
YoY Change+56.1%+49.6%+56.0%+47.3%+19.9%+17.3%+12.6%+10.5%+15.6%+28.0%+44.8%+56.0%+61.4%+48.4%+32.4%
Range$156.72M$618.69M
CAGR+35.7%
Avg YoY Growth+37.1%
Median YoY Growth+44.8%
Current Streak10 quarters growth

Frequently Asked Questions

What is Cloudflare, Inc.'s pp&e (net)?
Cloudflare, Inc. (NET) reported pp&e (net) of $618.69M in Q4 2025.
How has Cloudflare, Inc.'s pp&e (net) changed year-over-year?
Cloudflare, Inc.'s pp&e (net) increased by 32.4% year-over-year, from $467.42M to $618.69M.
What is the long-term trend for Cloudflare, Inc.'s pp&e (net)?
Over 5 years (2020 to 2025), Cloudflare, Inc.'s pp&e (net) has grown at a 38.0% compound annual growth rate (CAGR), from $123.69M to $618.69M.
What does pp&e (net) mean?
The value of the company's physical buildings, machinery, and equipment after accounting for wear and tear.