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Cloudflare, Inc.

NETNYSEServices-Prepackaged SoftwareFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026Score 9/30268% above fair value
$265.17−15.53 (-5.53%)

Close on Nov 2, 2026Market cap $94.42BP/E –Yield –

Cloudflare Non-GAAP cost of revenue by Quarter

Non-GAAP cost of revenue ($M)

QuarterlyAnnual

Cloudflare Non-GAAP cost of revenue: $187M in Q2 2026, up 53.8% from a year earlier. That is the highest of the 28 quarters on record here.

Latest, Q2 2026
187
Period ended Jun 30, 2026
Change on a year earlier
+53.8%
122 in Q2 2025
History
28 quarters
Since Q4 2018
Sources
13
Documents cited below

Where the Q2 2026 figure comes from

“Non-GAAP cost of revenue $ 90,970 $103,145 $ 109,817 $ 121,655 $138,948 $154,328 $174,053 $ 187,183”

Source: Cloudflare Supplemental Financial Information (FY2026Q2) ↗

Quarterly history

Hover a value to see the sentence it was read from; calculated values show their formula

PeriodEndedNon-GAAP cost of revenue ($M)Year on yearSource
Q2 2026Jun 30, 2026187+53.8%Cloudflare Supplemental Financial Information (FY2026Q2) ↗
Q1 2026Mar 31, 2026174+58.6%Cloudflare Supplemental Financial Information (FY2026Q2) ↗
Q4 2025Dec 31, 2025154+49.7%Cloudflare Supplemental Financial Information (FY2026Q2) ↗
Q3 2025Sep 30, 2025139+52.6%Cloudflare Supplemental Financial Information (FY2026Q2) ↗
Q2 2025Jun 30, 2025122+44.2%Cloudflare Supplemental Financial Information (FY2026Q2) ↗
Q1 2025Mar 31, 2025110+41.7%Cloudflare Supplemental Financial Information (FY2026Q2) ↗
Q4 2024Dec 31, 2024103+34.8%Cloudflare Supplemental Financial Information (FY2026Q2) ↗
Q3 2024Sep 30, 202491+27.5%Cloudflare Supplemental Financial Information (FY2026Q2) ↗
Q2 2024Jun 30, 202484.4+22.7%Cloudflare Supplemental Financial Information (FY2026Q1) ↗
Q1 2024Mar 31, 202477.5+20.5%Cloudflare Supplemental Financial Information (FY2025Q4) ↗
Q4 2023Dec 31, 202376.5+23.0%Cloudflare Supplemental Financial Information (FY2025Q2) ↗
Q3 2023Sep 30, 202371.4+28.6%Cloudflare Supplemental Financial Information (FY2025Q2) ↗
Q2 2023Jun 30, 202368.8+39.0%Cloudflare Supplemental Financial Information (FY2025Q1) ↗
Q1 2023Mar 31, 202364.3+42.3%Cloudflare Supplemental Financial Information (FY2024Q4) ↗
Q4 2022Dec 31, 202262.2+54.3%Cloudflare Supplemental Financial Information (FY2024Q3) ↗
Q3 2022Sep 30, 202255.5+55.0%Cloudflare Supplemental Financial Information (FY2024Q2) ↗

Cite this data

StockData. (2026). Cloudflare Non-GAAP cost of revenue ($M), quarterly Q4 2018–Q2 2026 [Data set]. Compiled from Cloudflare SEC filings and investor materials. https://stockdatahq.com/stocks/net/kpis/ng-cor

See every metric in the Cloudflare KPI table. Data updated Nov 1, 2026.