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Cloudflare, Inc. NET Total Cost of Revenue

Total Cost of Revenue at other companies

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MicrosoftMSFT
$26.83B+22.4%
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$87.46B+13.6%
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F5, Inc.FFIV
$150.9M+7.1%
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$43.93M-3.9%
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Palo Alto Networks, Inc. logo
Palo Alto Networks, Inc.PANW
$974M+57.4%

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%
CapEx$65.2M-24.1%
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 ratio-1.2×

Where this comes from

Reported directly by Cloudflare, Inc. in its filing.

Tagged under the XBRL concept us-gaap:CostOfRevenue.

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 total cost of revenue?
Cloudflare, Inc. (NET) reported total cost of revenue of $184.16M in Q1 2026.
How has Cloudflare, Inc.'s total cost of revenue changed year-over-year?
Cloudflare, Inc.'s total cost of revenue increased by 59.3% year-over-year, from $115.58M to $184.16M.
What is the long-term trend for Cloudflare, Inc.'s total cost of revenue?
Over 4 years (2021 to 2025), Cloudflare, Inc.'s total cost of revenue has grown at a 39.2% compound annual growth rate (CAGR), from $147.13M to $552.53M.
What does total cost of revenue mean?
The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.