StockData
Cloudflare, Inc. logo

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 research & development expense by Quarter

Non-GAAP research & development expense ($M)

QuarterlyAnnual

Cloudflare Non-GAAP research & development expense: $104M in Q2 2026, up 24.5% from a year earlier. That is the highest of the 28 quarters on record here.

Latest, Q2 2026
104
Period ended Jun 30, 2026
Change on a year earlier
+24.5%
83.6 in Q2 2025
History
28 quarters
Since Q4 2018
Sources
13
Documents cited below

Where the Q2 2026 figure comes from

“Non-GAAP research and development $ 70,452 $ 74,822 $ 76,820 $ 83,601 $ 82,506 $ 94,940 $ 101,471 $ 104,051”

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 research & development expense ($M)Year on yearSource
Q2 2026Jun 30, 2026104+24.5%Cloudflare Supplemental Financial Information (FY2026Q2) ↗
Q1 2026Mar 31, 2026102+32.2%Cloudflare Supplemental Financial Information (FY2026Q2) ↗
Q4 2025Dec 31, 202594.9+26.9%Cloudflare Supplemental Financial Information (FY2026Q2) ↗
Q3 2025Sep 30, 202582.5+17.0%Cloudflare Supplemental Financial Information (FY2026Q2) ↗
Q2 2025Jun 30, 202583.6+27.8%Cloudflare Supplemental Financial Information (FY2026Q2) ↗
Q1 2025Mar 31, 202576.8+30.8%Cloudflare Supplemental Financial Information (FY2026Q2) ↗
Q4 2024Dec 31, 202474.8+25.7%Cloudflare Supplemental Financial Information (FY2026Q2) ↗
Q3 2024Sep 30, 202470.5+30.1%Cloudflare Supplemental Financial Information (FY2026Q2) ↗
Q2 2024Jun 30, 202465.4+23.4%Cloudflare Supplemental Financial Information (FY2026Q1) ↗
Q1 2024Mar 31, 202458.7+14.4%Cloudflare Supplemental Financial Information (FY2025Q4) ↗
Q4 2023Dec 31, 202359.5+20.4%Cloudflare Supplemental Financial Information (FY2025Q2) ↗
Q3 2023Sep 30, 202354.2+16.8%Cloudflare Supplemental Financial Information (FY2025Q2) ↗
Q2 2023Jun 30, 202353+14.7%Cloudflare Supplemental Financial Information (FY2025Q1) ↗
Q1 2023Mar 31, 202351.3+27.3%Cloudflare Supplemental Financial Information (FY2024Q4) ↗
Q4 2022Dec 31, 202249.4+33.5%Cloudflare Supplemental Financial Information (FY2024Q3) ↗
Q3 2022Sep 30, 202246.4+41.5%Cloudflare Supplemental Financial Information (FY2024Q2) ↗

Breakdown

What makes up non-GAAP research & development expense

Cite this data

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

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