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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 R&D (% of revenue) by Quarter

Non-GAAP R&D (% of revenue) (%)

Cloudflare Non-GAAP R&D (% of revenue): 15.0% in Q2 2026, down 1.0 pts from a year earlier. That is the lowest of the 22 quarters on record here.

Latest, Q2 2026
15.0%
Period ended Jun 30, 2026
Change on a year earlier
-1.0 pts
16.0% in Q2 2025
History
22 quarters
Since Q4 2019
Sources
22
Documents cited below

Where the Q2 2026 figure comes from

“R&D as a percentage of revenue decreased to 15%”

Source: Cloudflare Earnings Call Transcript (FY2026Q2) ↗

Quarterly history

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

PeriodEndedNon-GAAP R&D (% of revenue) (%)Year on yearSource
Q2 2026Jun 30, 202615.0%-1.0 ptsCloudflare Earnings Call Transcript (FY2026Q2) ↗
Q1 2026Mar 31, 202616.0%0.0 ptsCloudflare Earnings Call Transcript (FY2026Q1) ↗
Q4 2025Dec 31, 202515.0%-1.0 ptsCloudflare Earnings Call Transcript (FY2025Q4) ↗
Q3 2025Sep 30, 202515.0%-1.0 ptsCloudflare Earnings Call Transcript (FY2025Q3) ↗
Q2 2025Jun 30, 202516.0%0.0 ptsCloudflare Earnings Call Transcript (FY2025Q2) ↗
Q1 2025Mar 31, 202516.0%0.0 ptsCloudflare Earnings Call Transcript (FY2025Q1) ↗
Q4 2024Dec 31, 202416.0%–Cloudflare Earnings Call Transcript (FY2024Q4) ↗
Q3 2024Sep 30, 202416.0%0.0 ptsCloudflare Earnings Call Transcript (FY2024Q3) ↗
Q2 2024Jun 30, 202416.0%-1.0 ptsCloudflare Earnings Call Transcript (FY2024Q2) ↗
Q1 2024Mar 31, 202416.0%-2.0 ptsCloudflare Earnings Call Transcript (FY2024Q1) ↗
Q3 2023Sep 30, 202316.0%-2.0 ptsCloudflare Earnings Call Transcript (FY2023Q3) ↗
Q2 2023Jun 30, 202317.0%–Cloudflare Earnings Call Transcript (FY2023Q2) ↗
Q1 2023Mar 31, 202318.0%–Cloudflare Earnings Call Transcript (FY2023Q1) ↗
Q4 2022Dec 31, 202218.0%–Cloudflare Earnings Call Transcript (FY2022Q4) ↗
Q3 2022Sep 30, 202218.0%-1.0 ptsCloudflare Earnings Call Transcript (FY2022Q3) ↗
Q3 2021Sep 30, 202119.0%–Cloudflare Earnings Call Transcript (FY2021Q3) ↗

Cite this data

StockData. (2026). Cloudflare Non-GAAP R&D (% of revenue) (%), quarterly Q4 2019–Q2 2026 [Data set]. Compiled from Cloudflare SEC filings and investor materials. https://stockdatahq.com/stocks/net/kpis/ng-rd-pct

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