Capital Expenditures for Cloudflare (NET)
According to Cloudflare's latest reported financial statements, the company's current capital expenditures (TTM) is $342.55M USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
NET
Currently viewingCapital ExpendituresSwitch metric
Latest period
$342.55M
YoY change
+85.1%
5Y CAGR
+35.5%
Peak year (2025)
$342.55M
Cumulative capital expenditures
$1.14B
CapEx history chart for Cloudflare (NET) from 2016 to 2025
CapEx history table for Cloudflare (NET) from 2016 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $342.55M | +85.1% | ||
| 2024 | $185.04M | +37.1% | ||
| 2023 | $134.94M | -17.4% | ||
| 2022 | $163.36M | +51.6% | ||
| 2021 | $107.74M | +43.7% | ||
| 2020 | $74.96M | +30.9% | ||
| 2019 | $57.28M | +64.4% | ||
| 2018 | $34.84M | +51.6% | ||
| 2017 | $22.98M | +23.8% | ||
| 2016 | $18.56M | — |
CapEx values are taken from Cloudflare's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual capital expenditures for Cloudflare (NET) came in at $342.55M – surged 85.1% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Cloudflare capital expenditures compounded at +35.5% per year, sustaining 2 straight years of year-over-year growth.
The dataset's maximum capital expenditures sits at $342.55M (2025); the minimum reading of $18.56M dates to 2016.
Cloudflare (NET) sits 9th of 8 Technology peers we track on this metric, against a peer median of $9.38B.
Cloudflare Capital Expenditures by Year
Cloudflare Capital Expenditures 2025: $342.55M
Cloudflare capital expenditures in 2025 was $342.55M, surged 85.1% from 2024. This figure represents the highest annual value in the available history.
Cloudflare Capital Expenditures 2024: $185.04M
Cloudflare capital expenditures in 2024 was $185.04M, surged 37.1% from 2023.
Cloudflare Capital Expenditures 2023: $134.94M
Cloudflare capital expenditures in 2023 was $134.94M, declined 17.4% below 2022.
Cloudflare Capital Expenditures 2022: $163.36M
Cloudflare capital expenditures in 2022 was $163.36M, surged 51.6% from 2021.
Cloudflare Capital Expenditures 2021: $107.74M
Cloudflare capital expenditures in 2021 was $107.74M.
See more financial history for Cloudflare (NET).
Sector peers — CapEx
Companies in the same sector as Cloudflare, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $1.29T | Technology |
| Microsoft Corporation (MSFT) | $64.55B | Technology |
| Micron Technology, Inc. (MU) | $15.86B | Technology |
| Apple Inc. (AAPL) | $12.71B | Technology |
| NVIDIA Corporation (NVDA) | $6.04B | Technology |
| ASML Holding N.V. (ASML) | $1.51B | Technology |
| Advanced Micro Devices, Inc. (AMD) | $974.00M | Technology |
| Broadcom Inc. (AVGO) | $623.00M | Technology |
Frequently asked questions
What is Cloudflare's capital expenditures?
- Latest reported capital expenditures for Cloudflare (NET) is $342.55M (period ending December 31, 2025).
How has Cloudflare capital expenditures changed year-over-year?
- Cloudflare (NET) capital expenditures changed +85.1% year-over-year on the latest annual filing.
What is the long-term growth rate of Cloudflare capital expenditures?
- Cloudflare (NET) capital expenditures compound annual growth rate is +35.5% over the most recent 5 years available.
When did Cloudflare capital expenditures hit its highest annual value?
- Cloudflare capital expenditures reached its highest annual value of $342.55M in 2025.
What was Cloudflare capital expenditures in 2024?
- Cloudflare (NET) capital expenditures in 2024 was $185.04M.
What was Cloudflare capital expenditures in 2025?
- Cloudflare (NET) capital expenditures in 2025 was $342.55M.
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