Latest period
$323.89M
YoY change
+85.1%
5Y CAGR
+35.5%
Peak year (2025)
$342.55M
Cumulative CapEx
$1.22B
CapEx history chart for Cloudflare (NET) from 2016 to 2025
Latest: $342.55M
CapEx growth chart for Cloudflare (NET) from 2016 to 2025
Latest: +85.1%
CapEx history table for Cloudflare (NET) from 2016 to 2025
| 2025 | $342.55M | +85.1% | +$157.51M | ||
| 2024 | $185.04M | +37.1% | +$50.09M | ||
| 2023 | $134.94M | -17.4% | −$28.42M | ||
| 2022 | $163.36M | +51.6% | +$55.63M | ||
| 2021 | $107.74M | +43.7% | +$32.78M | ||
| 2020 | $74.96M | +30.9% | +$17.68M | ||
| 2019 | $57.28M | +64.4% | +$22.44M | ||
| 2018 | $34.84M | +51.6% | +$11.86M | ||
| 2017 | $22.98M | +23.8% | +$4.42M | ||
| 2016 | $18.56M | — | — |
- 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 (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About CapEx at Cloudflare (NET)
According to Cloudflare's latest reported financial statements, the company's current CapEx (TTM) is $323.89M. 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 .
2025's annual CapEx for Cloudflare (NET) came in at $342.55M – surged 85.1% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Cloudflare CapEx compounded at +35.5% per year, sustaining 2 straight years of year-over-year growth.
The record annual CapEx stands at $342.55M, reached in 2025; the historical low of $18.56M was recorded in 2016.
Cloudflare Capital Expenditures by Year
Cloudflare Capital Expenditures 2025: $342.55M
In 2025, Cloudflare reported CapEx of $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 CapEx in 2024 was $185.04M, surged 37.1% from 2023.
Cloudflare Capital Expenditures 2023: $134.94M
2023's CapEx for Cloudflare came in at $134.94M, declined 17.4% below 2022.
Cloudflare Capital Expenditures 2022: $163.36M
Cloudflare posted CapEx of $163.36M in 2022, surged 51.6% from 2021.
Cloudflare Capital Expenditures 2021: $107.74M
Cloudflare CapEx in 2021 was $107.74M.
See more financial history for Cloudflare (NET).
Sector peers by CapEx
Technology peers of Cloudflare (NET), ranked by their latest CapEx
| $64.55B | |
| $41.45B | |
| $15.86B | |
| $12.71B | |
| $6.04B | |
| $1.76B | |
| $974.00M | |
| $623.00M |
- $64.55B
- $41.45B
- $15.86B
- $12.71B
- $6.04B
- $1.76B
- $974.00M
- $623.00M
Frequently asked questions
Cloudflare (NET) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation